Jakarta, November 19, 2024 – The Consortium of PT Jimmulya – PetroVietnam Drilling & Well Service Corporation (PV Drilling) is proud to announce the extension of its contract with Pertamina Hulu Energi ONWJ (PHE ONWJ) for the provision of the jack-up rig PV DRILLING II. The signing ceremony, held at Pertamina ONWJ headquarters in Jakarta, represents a critical milestone for the consortium and underscores its commitment to delivering exceptional offshore drilling services in Indonesia.
The ceremony was attended by top representatives from PT Jimmulya, PV Drilling, and Pertamina’s management, emphasizing the collaboration and trust that have been built over years of successful operations. This contract extension is a testament to the outstanding performance of PV DRILLING II and the strategic leadership of PT Jimmulya in spearheading the consortium’s efforts in Indonesia.
Driving Excellence in Offshore Drilling
The contract extension ensures that PV DRILLING II will remain a key asset in supporting Pertamina’s offshore drilling campaigns in Northwest Java for the next three years, extending its operational commitment until the end of 2028. Since the rig began operations with PHE ONWJ in December 2022, the PV DRILLING II rig has delivered exceptional performance, maintaining an operational efficiency of over 99% while ensuring the highest safety standards. This track record has solidified the trust of PHE ONWJ, leading to this key contract extension.
The top management of Pertamina, Jimmulya, and PV Drilling at the Signing Ceremony of the Amendment for Contract Extension in Jakarta, Indonesia, on November 19, 2024
This exceptional performance, combined with a steadfast adherence to safety protocols, has cemented the trust of Pertamina ONWJ and highlights the rig’s vital role in ensuring the success of Indonesia’s upstream energy initiatives especially to support Indonesian Government to achieve the target lifting oil one million barrels per day in 2030.
Strengthening Collaboration with Pertamina
In the weeks leading up to the signing, from November 8 to 11, 2024, a high-level management from Pertamina EP visited PV Drilling’s headquarters and operational facilities in Vietnam. The visit, which was co-facilitated by PT Jimmulya, included a comprehensive tour of PV Drilling’s shorebase, warehouse systems, maintenance workshops, and other critical infrastructure in Vung Tau City.
Pertamina toured the gas logging stations of PVD Logging.
The management of PVD Offshore introduced Pertamina to the unit’s information.
During this visit, Pertamina’s representatives engaged with PV Drilling’s management and workforce to gain insights into the advanced technologies and processes that underpin the consortium’s operations.
- Facility Tours and Engagement:
Pertamina’s delegation visited several key facilities, including PVD Well Services, PVD Logging, and mechanical workshops, observing firsthand the high standards of maintenance, repair, and logistical support provided by PV Drilling. These tours demonstrated the consortium’s readiness to scale operations and adapt to Indonesia’s growing energy demands.
- Discussions on Service Expansion:
Pertamina expressed keen interest in expanding its collaboration with PV Drilling to include additional service models in Indonesia, particularly in mechanical and maintenance services. These discussions align with PT Jimmulya’s vision of fostering innovation and strengthening local capabilities to support Indonesia’s energy objectives.
Safety as a Cornerstone of Operations
During a management meeting held on November 11, 2024, Pertamina EP highlighted the critical importance of safety in offshore drilling operations. The meeting, attended by key representatives from Pertamina, PT Jimmulya, and PV Drilling served as a platform for discussing operational strategies, sharing feedback, and reaffirming mutual commitments to safety and efficiency.
The management meeting between Pertamina, PV Drilling, and Jimmulya on November 11 2024
Pertamina extended its gratitude to the PV DRILLING II team for maintaining zero Lost-Time Incidents (LTIs) since the rig’s deployment in Indonesia. This remarkable achievement reflects the consortium’s unwavering commitment to ensuring the well-being of its workforce and the integrity of its operations.
The meeting provided a valuable opportunity for Consortium Jimmulya – PV Drilling to reaffirm its long-term development strategy in the Indonesian market and propose potential collaborations with Pertamina on future projects. Pertamina’s management members commended the dedication of Consortium Jimmulya – PV Drilling to maintaining high service quality and operational efficiency for its jack-up rigs. By combining PV Drilling’s technical expertise with PT Jimmulya’s local knowledge and leadership, the consortium is well-positioned to deliver on its commitments and create lasting value for all stakeholders. Moreover, the discussion wasn’t just about business, it reflected a mutual belief in building strong partnerships, pushing boundaries, and working together to tap into Indonesia’s vast energy potential. It set the milestone for an exciting journey ahead, with both teams ready to make a real difference in the industry
Preparing for Future Growth
Looking ahead to 2025, the consortium is gearing up for a significant expansion with the simultaneous operation of two rigs—PV DRILLING II and PV DRILLING III—in Indonesia. This ambitious initiative demonstrates the consortium’s readiness to meet the country’s growing energy needs and reflects its confidence in delivering world-class offshore drilling solutions.
PT Jimmulya is leading the preparations for this dual-rig operation, ensuring that all aspects of planning, mobilization, and execution are aligned with Pertamina’s expectations and industry best practices.
This expansion also provides an opportunity to further strengthen the consortium’s local presence and capabilities, positioning PT Jimmulya as a pivotal player in Indonesia’s upstream energy sector.