By Romel S. Gurky
IDX-listed engineering and energy services provider PT Petrosea Tbk (IDX: PTRO) has taken a major step toward strengthening its footprint in Indonesia’s oil and gas sector through the acquisition of majority stakes in two specialized companies.
In a public disclosure submitted to the Financial Services Authority (OJK) and the Indonesia Stock Exchange (IDX) on Friday, Petrosea announced that its wholly owned subsidiary, PT Petrosea Engineering Procurement Construction (Petrosea EPC), has acquired 51% stakes in PT Hafar Daya Konstruksi (HDK) and PT Hafar Daya Samudera (HDS).
The acquisition, finalized on August 15, 2025, was formalized through a Share Sale and Purchase Deed. Petrosea EPC acquired 155,550 issued shares of HDK for approximately Rp239.94 billion, and 327,930 issued shares of HDS for around Rp159.96 billion.
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HDK specializes in civil construction services for the oil and gas sector, including engineering, procurement, and installation (EPI) within Indonesia, while HDS operates in the sea transportation services segment.
Petrosea stated that the transaction is in line with the company’s strategic business diversification and development efforts in the energy sector.
“The transaction has a positive impact on the company's performance and is part of its business development and diversification strategy into the oil and gas sector,” Petrosea said.
“In addition, the share purchase is expected to strengthen the company's position and market share in the oil and gas sector, as well as create operational synergies in the field of engineering and construction, which is the company's core business activity.”
Editing by Reiner Simanjuntak
