Raharja Energi Cepu Expands Oil & Gas Presence Through Strategic Acquisition

Acquisition Details

PT Raharja Energi Cepu Tbk (RATU), through its indirect subsidiary PT Raharja Energi Madura (REM), has entered into a definitive share purchase agreement to acquire 100% stake in SMS Development Limited. The acquisition was announced through an information disclosure to the Indonesia Stock Exchange on December 25, 2025.

Strategic Significance

The acquisition is particularly significant as SMS Development Limited holds a 20% participating interest in Husky-CNOOC Madura Limited (HCML), the entity contracted for the Madura Strait Production Sharing Contract (PSC) with SKK Migas. This move represents a strategic expansion of RATU's presence in Indonesia's oil and gas upstream sector.

Corporate Structure

REM is an indirect subsidiary of RATU, controlled through PT Raharja Energi Indonesia with 51% indirect ownership. SMS Development Limited is incorporated in the British Virgin Islands and serves as a holding entity for the HCML stake.

Business Impact

The acquisition aligns with RATU's growth strategy in the energy sector, particularly in exploration and production activities. The transaction is expected to enhance RATU's asset portfolio and strengthen its position in Indonesia's oil and gas industry.