Pertamina Streamlines Corporate Structure, Restructuring of 31 Subsidiaries Completed

PT Pertamina (Persero) continues to accelerate its business transformation through a business streamlining program. By the close of the first semester of 2026, the state-owned enterprise has successfully restructured 31 business entities as a concrete step toward sharpening its focus on core sectors.

Pertamina's Director of Business Transformation and Sustainability, Agung Wicaksono, revealed that this initiative is an integral part of an ongoing transformation. The move is considered crucial to align with the vision of the government and Danantara in maintaining national energy sovereignty and security, while providing added value to the country's economy.

This restructuring strategy was implemented through various corporate actions, ranging from mergers and divesting non-core business units to liquidating dormant entities (dormant), particularly in the upstream oil and gas sector. According to Agung, these efforts aim to create a leaner, more agile organizational structure with significantly more efficient governance.

"Even though dormant upstream entities have not burdened operations or directors' salaries, liquidation is still necessary. The goal is to tidy up the internal structure of Pertamina Group so that decision-making processes become more agile and accountable," emphasized Agung.

This strategic move also demonstrates compliance with Presidential Instruction (Inpres) No. 7 of 2026 regarding the acceleration of SOE restructuring. On the other hand, Pertamina's Vice President of Corporate Communication, Muhammad Baron, assured that the entire series of processes was carried out under strict Good Corporate Governance (GCG) principles and cross-sectoral oversight.

In its implementation, Pertamina involved various stakeholders including law enforcement agencies, auditors, BP BUMN, and labor unions. This synergy was established to ensure that every stage of the transformation not only complies with legal frameworks but also delivers maximum added value for operational efficiency and the quality of future public services.