[SMM Flash News] Iceland Drilling, Pertamina Drilling Sign MoU to Expand Geothermal Cooperation

Pertamina Hulu Rokan (PHR) has signed a production sharing contract (PSC) for unconventional oil and gas development with the Indonesian government, marking a further step in the country’s efforts to develop its shale oil resources. Pertamina has been accelerating unconventional exploration, including the use of multi-stage fracturing, multi-well pads and other drilling technologies, as it seeks to commercialize Indonesia’s shale oil potential and expand domestic oil resources.

Jhonlin Group’s logistics unit PT Dua Samudera Perkasa (DSP) has started commissioning its third coal handling system with a loading capacity of 2,500 tonnes per hour (tph), marking another expansion of the group’s coal logistics infrastructure. The new facility is expected to strengthen DSP’s coal handling and loading capabilities and support more efficient movement of coal volumes. Petromindo’s publicly accessible report confirms that commissioning has begun, but further details on the facility’s location, total investment and targeted annual throughput remain behind its subscriber access.

Indonesian renewable energy developer PT Arkora Hydro Tbk (IDX: ARKO) has acquired a 100% stake in EES through its subsidiaries, according to a Petromindo report published on August 25. The publicly accessible portion of the report identifies PT Arkora Tenaga Matahari (ATM) as one of the subsidiaries involved, but does not disclose further details on the acquisition value, EES’s assets, or the expected impact on Arkora Hydro’s renewable energy portfolio.