Sunindo Secures $7.9m Contract from Pertamina
JAKARTA, Investortrust.id – PT Sunindo Pratama Tbk, or SUNI, a prominent oil and gas industry supplier in Indonesia, has won a procurement contract worth Rp 129.88 billion ($7.9 million) from PT Pertamina Hulu Sanga Sanga. The contract involves supplying COO Casing 13-3/8” Grade K55 to Pertamina Hulu Sanga Sanga.
In an official statement to the Indonesia Stock Exchange (IDX) on Thursday, January 16, 2025, Sunindo President Director Freddy Soejandy confirmed the company’s appointment as the tender winner on January 14, 2025.
“The company’s success in securing significant tenders positions Sunindo to enhance its revenue and operating profits for 2025 and 2026,” the statement noted.
Sunindo specializes in oilfield services and supplies a diverse range of products, including seamless and electric resistance welded (ERW) tubing and casing, drill pipes, line pipes, and drill bits such as PDC and Tricone bits. The company also offers wellheads, Christmas trees, packers, variable speed drives (VSDs), chemicals, and valves critical to oilfield operations.
The company is focused on scaling up its production capacity at its subsidiary, PT Rainbow Tubular Manufacture (RTM), located in Batam. Sunindo plans to launch a second RTM facility by early Q3 2025.
“This expanded production capacity is expected to enhance the company’s operational and financial performance while ensuring the availability of OCTG tubing across Indonesia,” the management stated.
In addition to expanding RTM’s production, Sunindo has recently completed a workshop for wellheads and Christmas tree products. This initiative is part of a joint venture between Sunindo, Jiangsu Jinshi Machinery Group (JMP), and PT Petro Sinergy Manufacturing (PSM).
PSM is poised to become Sunindo’s second strategic asset, focusing on manufacturing internationally certified wellheads and Christmas trees that comply with Indonesia’s local content requirements (TKDN). The company has completed its API certification audit and is finalizing TKDN certification to commence commercial operations.
Once operational, PSM is expected to significantly contribute to Sunindo’s performance, offering high-quality products at competitive prices to meet both domestic and international standards.
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