Building the Foundation for Aggressive Future Growth
Pertamina EP Cepu (PEPC) is a subsidiary of PT Pertamina Hulu Energi (PHE) which is engaged in the Upstream Oil and Gas sector. Where the shareholders of PEPC are 99% owned by PT Pertamina Hulu Energi and 1% owned by PT Pertamina Pedeve Indonesia.
PEPC’s Board of Commissioners and Directors are appointed directly by the Shareholders through the General Meeting of Shareholders. The selection of the Board of Commissioners and the Board of Directors is determined based on their respective competencies and achievements. The duties and responsibilities of the Board of Commissioners and the Board of Directors are regulated in the Articles of Association of PT Pertamina EP Cepu (PEPC), and in accordance with the direction of the General Meeting of Shareholders (GMS).
The composition of PEPC shareholders is:
- PT Pertamina Hulu Energi (PHE), Pertamina’s Subholding Upstream, has a 99% ownership stake in PEPC.
- PT Pertamina Pedeve Indonesia, a subsidiary of PT Pertamina (Persero), has a 1% ownership stake in PEPC.
About PT Pertamina Hulu Energi (PHE)
PT Pertamina Hulu Energi (PHE) is a subsidiary of PT Pertamina (Persero) which is engaged in the energy sector including upstream oil and gas. PHE carries out its activities by upholding its commitment to provide energy in the context of realizing national energy independence.
PHE was formed based on the laws of the Republic of Indonesia which is the embodiment of the strategy for managing upstream oil and gas activities based on Law no. 22 of 2001 concerning Oil and Gas on November 23, 2001 by PT Pertamina (Persero).
About PT Pertamina Pedeve Indonesia
PT Pertamina Pedeve Indonesia is a subsidiary of PT Pertamina (Persero) which is engaged in:
- Equity participation in the Subsidiary (AP) / affiliate of PT Pertamina (Persero) and
- Investment portfolio.
