Husky-CNOOC Madura Limited (HCML) is a key player in Indonesia’s upstream oil and gas industry. Operating under a Production Sharing Contract (PSC) with the Indonesian government, HCML is a joint venture between Husky Oil Madura Partnership (40%), China National Offshore Oil Corporation Southeast Asia Limited (40%), and SMS Development Ltd. (20%). The company’s mission is to responsibly explore and produce hydrocarbons in the Madura Strait, contributing to national energy security and regional development.
HCML’s origins date back to 1982, with the formation of Husky Oil Madura Limited. In 2011, following a strategic partnership with CNOOC, the company was restructured and rebranded as HCML. Since then, it has focused on developing offshore gas fields, with the BD Field being its flagship project. Located approximately 65 kilometers east of Surabaya and 16 kilometers south of Madura Island, the BD Field contains significant reserves of natural gas and condensate. Its development has been instrumental in supplying clean energy to East Java and beyond.

PT Bank Negara Indonesia (Persero), Tbk (BNI) was originally established in Indonesia as a central Bank under the name of “Bank Negara Indonesia” on July 5, 1946. Subsequently, BNI became “Bank Negara Indonesia 1946”, with the status of a State-owned Commercial Bank. Additionally, BNI’s role as a Bank was mandated to improve the people’s economy and participate in national development.
BNI as a State Owned Enterprise was the first to became a public company after listing its shares on the Jakarta Stock Exchange and the Surabaya Stock Exchange in 1996. To strengthen its financial structure and competitiveness in the national banking industry, BNI conducted a number of corporate actions, including being recapitalized by the Government in 1999, Government share divestment in 2007, and a limited public offering in 2010.

PT Reska Multi Usaha, also known as KAI Services, is a subsidiary of PT Kereta Api Indonesia (Persero) established in 2003 with more than two decades of experience. The company was founded to implement and support the policies and programs of PT Kereta Api Indonesia (Persero) as the parent company, particularly in the railway restaurant business and other related services. PT Reska Multi Usaha operates in three core business areas: On Board Services, which include Sales On Train, On Train Cleaning, and Passenger Amenities; Integrated Facility Services, which consist of Security, Parking, Cleaning Service, and Outsourcing; and Commercial Services, which cover Restaurant, General Service, Cafe, and Catering.

PT Vale Indonesia was established by Deed No. 49 dated July 25, 1968, drawn up before Eliza Pondaag, a public notary in Jakarta. We operates under a Contract of Work, which was amended with a Special Mining Business Permit (IUPK) on May 13, 2024. The contract is valid until December 28, 2035, and the concession covers an area of 118,017 Ha covering South Sulawesi (70,566 hectares), Central Sulawesi (22,699 hectares) and Southeast Sulawesi (24,752 hectares).
In producing nickel in the Sorowako Block, we use pyro metallurgical technology (in melting the laterite nickel ore). The Company mines laterite nickel ore and processes it into the final product of nickel in matte.
The Company also continues its plan to developing integrated mining practices through the Indonesia Growth Project (IGP) in Morowali Regency, Central Sulawesi, and in Kolaka Regency, Southeast Sulawesi. The development project also targets existing operational locations, in East Luwu Regency, South Sulawesi.
As the two largest shareholders, MIND ID (PT Mineral Industri Indonesia) and Vale Canada Limited (VCL) jointly control PT Vale Indonesia Tbk. MIND ID holds the largest share in the company at 34.00%, while VCL holds approximately 33.88%.

PETRONAS is a multinational oil company that has transformed itself into an integrated energy provider and ranked amongst the largest corporation in the world. The growing demand for energy inspires and strengthens our purpose to steadily drive for new solutions and push boundaries towards a sustainable energy future. PETRONAS has also consistently and successfully implemented various social and community programmes, focusing on education, capacity building, environment, health, as well as community wellbeing and development which are governed by its large Corporate Sustainability Framework.

Eni is a major integrated international oil and gas company based in Milan with Exploration and Production activities in Italy and other areas worldwide such as Africa, America, Asia Pacific, Eurasia, and the Middle East.
Eni Indonesia is a subsidiary of the Italian multinational oil and gas company, Eni S.p.A. Eni Indonesia has been operating in Indonesia since 2001, focusing on the exploration, production, and development of hydrocarbons both onshore and offshore. The company plays a significant role in Indonesia's energy sector, contributing to the country's energy security and economic growth.
One of Eni Indonesia's key projects is the Jangkrik gas field located offshore in the Kutei Basin, East Kalimantan. The Jangkrik project involves the production of liquefied natural gas (LNG) through a Floating Production Unit (FPU) that connects multiple subsea wells. This project supports Indonesia's LNG production and export capabilities, enhancing the country's energy infrastructure.

PT Astra Agro Lestari Tbk is a prominent agribusiness company in Indonesia, specializing in palm oil cultivation and processing. Founded in 1988 under the name PT Suryaraya Cakrawala, the company later rebranded and became part of the Astra Group, one of Indonesia’s largest conglomerates. Its headquarters are located in Jakarta, and its operations span across Sumatra, Kalimantan, and Sulawesi, where it manages extensive plantation areas and processing facilities.
The company initially ventured into various agricultural commodities, including tea and cocoa, but eventually focused its resources on palm oil due to its economic potential and scalability. Today, Astra Agro Lestari manages over 285,000 hectares of plantation land, divided between core estates and plasma estates. Plasma estates are cultivated in partnership with local smallholders, reflecting the company’s commitment to inclusive growth and rural development. This model supports government initiatives aimed at empowering communities through sustainable agribusiness.

PT Adaro Logistics is a subsidiary within the Adaro Group that plays a pivotal role in supporting the company’s integrated coal supply chain and energy business. Established to ensure efficiency, reliability, and sustainability in the movement of coal and related commodities, Adaro Logistics has grown into a comprehensive logistics provider that manages transportation, handling, and distribution across Indonesia’s vast archipelago. Its operations are designed to connect mines to markets, ensuring that Adaro’s coal and other resources reach domestic and international customers with precision and consistency. The company’s presence in logistics reflects Adaro Group’s commitment to building a fully integrated energy business, where every stage of the supply chain is managed with professionalism and innovation.