PT Pertamina (Persero) continues to demonstrate its commitment to carrying out business transformation through a subsidiary restructuring program, or business streamlining. By the end of the first semester of 2026, the state-owned energy company successfully completed the streamlining of 31 business entities spread across various sectors, including the upstream oil and gas sector.
Pertamina's Director of Business Transformation and Sustainability, Agung Wicaksono, stated that this strategic step was taken to support government aspirations as well as directives from Danantara. According to him, this streamlining is not just about administrative efficiency, but a fundamental effort to strengthen national energy security while increasing added value for the country's economy through a sharper business focus.
In its implementation, Pertamina undertook various corporate actions, ranging from mergers and divestments of non-core businesses to the liquidation of inactive (dormant) entities. Although the liquidated entities did not burden operations, this step is considered crucial to clean up the group structure, accelerate decision-making processes, and improve the quality of corporate governance to be more agile and competitive.
This massive step is aligned with the mandate of Presidential Instruction (Inpres) No. 7 of 2026, which instructs the acceleration of restructuring SOE (State-Owned Enterprise) subsidiaries. Agung emphasized that besides creating a leaner structure, this transformation aims to improve operational excellence so that services to the public are maintained and of higher quality.
Pertamina's Vice President of Corporate Communication, Muhammad Baron, emphasized that this entire restructuring process is carried out in strict compliance with the principles of Good Corporate Governance (GCG). His party ensures that every stage has undergone comprehensive risk management and is assisted by auditors and law enforcement agencies to guarantee compliance with applicable regulations.
