PT Apexindo Pratama Duta Tbk

Apexindo in Brief

Established in 1984, PT Apexindo Pratama Duta Tbk (“Apexindo”/ “Company”) is the only Indonesian drilling contractor with offshore and onshore drilling capacity for the oil and gas, geothermal and coal bed methane industries. With its high quality and highly maintained fleet of four offshore rigs (1 jack-up and 3 swamp barges) and six onshore rigs, Apexindo has been drilling for clients which include some of the largest international and domestic energy companies, such as Total E&P Indonesie, Chevron, Pertamina, VICO Indonesia, and Santos.

The Company’s commitment in providing quality without compromise has resulted in long and solid relationship with its clients (such as VICO Indonesia and Total E&P Indonesie, which commenced in early 1980 and 1990, respectively), and exceptional achievement in Safety, Health and Environment (SHE) aspect.

Apexindo’s reliable performance throughout decades has been rewarded by trust and recognition from its clients. This is evidenced by the number of awards received. In order to provide maximum value for all stakeholders, the Company obtained ISO 9001:2000 certification for Quality Management System in 2005, later upgraded in 2008 by obtaining ISO 9001:2008 certification. In 2011, Apexindo obtained ISO 14001:2004 certification in Environment Management Systems and OHSAS 18001:2007 certification in Safety and Health Management Systems. In 2002, to support the business expansion strategy, Apexindo had listed its shares at the Indonesia Stock Exchange (IDX). In 2009, the Company performed a voluntary delisting related to Capital Market regulations pertaining to chain listing. In June 2013, Apexindo successfully relisted its shares at IDX with APEX as its ticker. In 2014, Apexindo successfully renewed three of its certification systems, settled Apexindo Pratama Duta II Year 2009 Seri B IDR Bonds, merged with its holding company, PT Apexindo Energi Investama, and welcomed the newly-built jack up rig, Tasha.

Milestones

Significant milestones have been chronicling our pioneering records of continuous achievements. PT Apexindo Pratama Duta Tbk (“Apexindo”) offers onshore and offshore drilling services to oil and gas, geothermal, and coal bed methane industries. Apexindo high quality and well maintained fleet consist of 1 jack up, 3 submersible swamp barges, and 6 onshore rigs with massive horsepower, that continuously carry on a solid relationship with prominent clients.

Over decades of its operations, Apexindo has undeniably become a leading national drilling company by recording significant milestones and achievements.

1984
1992
1995
1996
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2021
2022

1984
Established as an Indonesian drilling contractor

1992
Apexindo built its first offshore rig, a submersible swamp barge named Maera at Sembawang Shipyad, Singapore

1995
Purchased its second offshore rig, a jack up named Raniworo

1996
Added another submersible swampbarge rig named Raisis

2000
Expanded operations to the Middle East through achievement of an offshore drilling contract from Total Abu Al Bukhoosh for Raniworo

2001
Merged with PT Medco Antareja which strengthens Apexindo’s position as Indonesia’s offshore and onshore drilling company

2002
The first domestic drilling contractor to be listed in the Jakarta Stock Exchange

2003
Constructed two new submersible swampbarge rigs, Raissa and Yani. Obtained a project financing facility, the largest one for a private company after the monetary crisis

2004
Raniworo continued its presence in Middle East through a new offshore contract in Iran

2005
Successfully obtained ISO 9001:2000 certification in Quality Management System

2006
Secured USD 125 million of long term jack up financing facility from prominent foreign financial institutions

New jack up Soehanah successfully passed the water launching test in PPL Shipyard Ltd., Singapore

2007
Completed the construction of the newest super premium jack up rig, Soehanah

2008
Among the first company in Indonesia to upgrade the ISO 9001:2008 version.

2009
Commencing the Safety Campaign

Voluntary delisted from Indonesia Stock Exchange (IDX)

2010
Successfully settled IDR Bonds Apexindo Pratama Duta I Year 2005 amounted to IDR750 billion

2011
Obtained the certification of ISO 9001:2008 in Quality Management Systems, ISO 14001:2004 in Environmental Management Systems, OHSAS 18001:2007 in Health and Safety Management Systems

2012
PT Apexindo Energi Investama became the new majority shareholder of the company

2013
Apexindo launched its new corporate logo

Apexindo relisted at Indonesia Stock Exchange (IDX) with “APEX” as its ticker

2014

Apexindo renewed its certifications, ISO 9001:2008, ISO 14001:2004, and OHSAS 18001:2007

Successfully settled Apexindo Pratama Duta II Year 2009 Seri B IDR Bonds, amounting to IDR300 billion

Apexindo merged with its holding company, PT Apexindo Energi Investama

Apexindo welcomes its third jack up rig, a newly built Tasha

2015
Raniworo rig is the first and (currently) the only Indonesian flagged jack up rig in the world

2016
The 25th year of drilling operation with VICO Indonesia in East Kalimantan.

2017
Recorded 25 years of drilling experience in Mahakam Block, East Kalimantan.

2018
Successfully upgraded ISO 9001:2015 certification Quality Management System, ISO 14001:2015 in Environmental Management Systems, and OHSAS 45001:2018 in Health and Safety Management Systems.

2021
Successfully renewed its three certifications of ISO 9001:2015 in Quality Management System, ISO 14001:2015 in Environmental Management Systems, and ISO 45001:2018 in Health and Safety Management Systems.

2022
Recorded 30 years of continuous drilling experience in Mahakam Block, East Kalimantan.

Vision
A world-class drilling contractor offering quality services without compromise.

Mission
• Maintaining high standard of Safety, Health, and Environment (SHE) to ensure the safety and welfare of employees and to protect the surrounding environment.
• Providing maximum value to all of stakeholders and making a positive impact to the society and the environment
• Developing human resources with global-standard quality and competency

Corporate Values
In implementing its business, Apexindo is also guided by its corporate values which break down into three elements.

Trust
• Integrity
• Commitment
• Honesty

Dedication
• Loyalty
• Enthusiasm
• Devotion

Performance
• Competence
• Professionalism
• Leadership
• Result

Management

	BOARD OF COMMISSIONERS Irawan Sastrotanojo President Commissioner An Indonesian citizen, born in 1954. Obtained Bachelor of Science from De La Salle University, Manila, Philippines, majoring in Accounting and Finance. He has extensive experience as an Audit Partner and Head of Transaction Advisory Sevices in Arthur Andersen & Co, Indonesia (1988-2002) and in Ernst & Young Advisory Services (2002-2009). He is concurrently serving as a member of the Supervisory Board of Putera Sampoerna Foundation (since 2007) also serving as Independent Commissioner and Independent Audit Committee member in various public companies listed at Indonesia Stock Exchange. He was appointed as President Commissioner of Apexindo through the Extraordinary General Meeting of Shareholders in 27 February 2012.
	Eka Dharmajanto Kasih Commissioner An Indonesian citizen, born in 1951. He began his career in Putera Group (1971-1987), then served several positions at PT HM Sampoerna Tbk as a Chief Finance Officer (1991), Director (1992-2001), Commissioner (2001-2007) and Independent Commissioner (2007-2012). He was a full-time lecturer in Faculty of Economics, University of Indonesia (1975 - 2016). He is concurrently serving as Commissioner of PT Union Sampoerna (since 1994), Commissioner of PT Sampoerna Strategic (since 2005), and President Director of PT Sampoerna Agro Tbk (since June 2008). He was appointed as an Independent Commissioner of Apexindo through the Extraordinary General Meeting of Shareholders on February 27, 2012, and then appointed as Commissioner of Apexindo through the Extraordinary General Meeting of Shareholders on June 15, 2017.
	Robinson Simbolon Independent Commissioner An Indonesian citizen born in 1953. He has held various key positions in Ministry of Finance and Indonesia Financial Services Authority (OJK), with Deputy Commissioner of Capital Market I as his last position from 2012 to 2013. He has also been a member of committee for Settlement of Labor Disputes from 1998 to 2002, member of the Supervisory Board of Indonesian Credit Guarantee Housing from 1999 to 2009 and also member of Board of Commissioners of PT Permodalan Nasional Madani from 2010 to 2013. He was appointed as Independent Commissioner of Apexindo through Annual General Meeting of Shareholders in 21 May 2014, and such appointment was effective on July 1, 2014.
BOARD OF COMMISSIONERS CHARTER Download
	BOARD OF DIRECTOR Zainal Abidinsyah Siregar President Director An Indonesian citizen, born in 1962. Obtained Bachelor of Science Degree from the School of Management, State University of New York, Buffalo, New York, USA, and Master Degree in International Affairs from Columbia University, New York City, New York, USA. He started his career at Citibank N.A. in 1988 and has held various strategic positions, such as Managing Director, Head of Debt Capital Markets, Asia Global Market Group, Bank of America N.A/Hong Kong, Managing Director at Fleet National Bank, Singapore, Executive Director of Peregrine, Fixed Income Ltd. Singapore/Hong Kong. He was appointed as Vice President Director of PT Apexindo Pratama Duta Tbk through the Extraordinary General Meeting of Shareholders on February 27, 2012 and afterward appointed as President Director of PT Apexindo Pratama Duta Tbk through the Extraordinary General Meeting of Shareholders on March 18, 2013.
	Erwin Sutanto Vice President Director An Indonesian citizen, born in 1975. He obtained Bachelor of Science degree in Mechanical Engineering from University of California, Berkeley, USA and Master of Science from Stanford University, California, USA. He has served as President Director of PT Central Proteinaprima Tbk, Group of PT Charoen Pokphand Indonesia and had been actively involved in the group of the company for 8 years. He also served as Associate in McKinsey & Co. Appointed as Director of PT Apexindo Pratama Duta Tbk through the Extraordinary General Meeting of Shareholders on February 27, 2012 and then appointed as Vice President of PT Apexindo Pratama Duta Tbk through the Extraordinary General Meeting of Shareholders on March 18, 2013.
	Donald Kent Wood Director and Independent Director An Australian citizen. Born in 1947. Commenced his career in drilling industry since 1965 with a drilling contractor company in Australia while studied at Queensland Institute of Technology. He was involved in the first offshore platform drilling projects in Australia from 1968 to1971. Subsequently he relocated internationally outside Australia. During his long career, he has been employed by major drilling contractors, including Bawden Drilling, Noble Drilling and Ensign Services, and he has worked in most areas of the world. He joined Apexindo in 2005 to manage the onshore rig operations. Since 2012, he has managed all Apexindo rigs operations, both offshore and onshore operations, also technical and marketing responsibility. He was appointed as Director and Independent Director of PT Apexindo Pratama Duta Tbk through the Annual General Meeting of Shareholders in June 24, 2015.
	Mahar Atanta Sembiring Director An Indonesian citizen, born in 1974. He obtained Bachelor of Science degree from Syracuse University, New York 1995, his Master of Engineering from Cornell University, New York in 1996 and his Master of Science from Stanford University, California in 1997. He was previously with Booz Allen & Hamilton, Daaz Partners, and Malacca eL@b. He joined Charoen Pokphand Group in Indonesia in 2003 as Vice President in the Strategic Planning Group & Marketing and joined CP Prima in 2006. He served as the President Director of CP Prima from 2011 to 2015 and then he was appointed as Commissioner of PT Central Proteina Prima Tbk. He was appointed as Director of PT Apexindo Pratama Duta Tbk through the Annual General Meeting of Shareholders in June 30, 2016.
	Sofwan Farisyi Director An Indonesian citizen. Born in 1969. He obtained a Bachelor degree in Mechanical Engineering from the University of Indonesia in 1992, Master of Marketing Management from University of Indonesia in 1999, and a Phd of Business Administration from Brawijaya University in 2023. He served as Commissioner of PT Supraco Indonesia from 1998 - 2002. He was appointed as Chief Executive Officer of PT Radiant Utama Interisco Tbk from March 2005 to January 2024, as well as President Director of PT Supraco Lines from March 2008 to January 2024. In addition, he is also served as Lecturer at the Postgraduate Institute of Transportation and Logistics Trisakti since September 2023. He is also active in various organizations including INSA (Indonesia National ShipOwner Association), APINDO (Indonesian Employers Association), KADIN (Chamber of Commerce and Industry) and GUSPENMIGAS (Energy and Oil and Gas Supporting Business Federation). He was appointed as the Company’s Director through the Extraordinary General Meeting of Shareholders on May 30, 2024.
BOARD OF DIRECTOR CHARTER Download

AUDIT COMMITTEE

Chairman : Robinson P. Simbolon
Member : Loh Wing Kiong Anthony @Adam Loh
Member : Jeanne Watulo

COMMITTEE AUDIT CHARTER

Download

Awards

As a result of commitment and consistency of all Company’s personnel who always prioritize work safety, Apexindo received 2nd place appreciation as “Best Safety Performance (High Risk Contract)”. This appreciation was given by Pertamina Hulu Indonesia during the HSSE Forum of Working Partners & Opening of K3 Month 2024 Regional 3 on January 17, 2024.
Apexindo, through Yani Rig and Raisis Rig, received another "2 Years Without Lost Time Incident (NO-LTI)" award on February 1, 2024, as a result of the commitment of all Company personnel who always prioritize work safety. This appreciation was given by Drilling & Well Intervention Division of Pertamina Hulu Mahakam (PHM) to Rig Yani dated 28 May 2023 and Rig Raisis dated 23 September 2023.
Apexindo's positive performance in work safety has once again received another international award. Rig 9 successfully recorded 15 Years Without Lost Time Incident (LTI) on November 1, 2023 and was awarded by IADC (International Association of Drilling Contractors). The award was received by Apexindo on February 9, 2024.
Apexindo received another appreciation as a partner of the "HSSE Partnership Mitra Kerja 2023" program in improving the performance of HSSE Mitra Kerja in Incident Prevention in Regional 3 PT Pertamina Hulu Indonesia. This appreciation was given by PT Pertamina Hulu Indonesia on January 17, 2024 and received by Apexindo on March 14, 2024.