Pertamina Implements Strategic Restructuring

Corporate Reorganization Initiatives

PT Pertamina (Persero) is executing a comprehensive restructuring program involving both divestment and consolidation strategies. The company has completed the liquidation of two subsidiaries: TRB London, which was involved in insurance services, was dissolved in February 2025, while Pertamina Energy Services Private Limited, based in Singapore, concluded its liquidation process in July 2025 ¹

Merger Preparation and Business Consolidation

In a parallel strategic move, Pertamina is preparing to merge three significant subsidiaries: PT Pertamina Patra Niaga, PT Kilang Pertamina Internasional (KPI), and PT Pertamina International Shipping (PIS). The merger process is currently under internal review, with plans to present detailed technical preparations to the board of commissioners for approval. The target for implementing this integration is set for 2026 ²

Rationale and Business Focus

Director of Business Transformation and Sustainability, Agung Wicaksono, explained that the liquidation of non-strategic entities and the merger of core business units are part of Pertamina's efforts to streamline operations and enhance efficiency. The company is also reviewing its non-core businesses, including its healthcare arm, Pertamina Bina Medica IHC, as part of its overall consolidation strategy ²

Implementation Timeline

The liquidation process of the two subsidiaries has already been completed in 2025, demonstrating Pertamina's commitment to its restructuring plans. The merger of the three key subsidiaries is slated for 2026, pending final approvals and technical preparations ¹