Jakarta (ANTARA) - PT Pertamina Geothermal Energy Tbk (PGE) announced its cooperation with Chevron New Energies International and Mubadala Energy to embark on a Joint Study Agreement (JSA) to explore geothermal potential in Kotamobagu, North Sulawesi, Indonesia.

The JSA was signed during President Joko Widodo’s visit to the United States and witnessed by Deputy Coordinating Minister for Maritime and Investment Affairs Jodi Mahardi, Ambassador of the Republic of Indonesia to the United States Rosan Roeslani, President Director and CEO PT Pertamina (Persero) Nicke Widyawati, and Country Manager Chevron Indonesia Wahyu Budiarto.

"Our Joint Study Agreement this time aims to utilize the complementary strengths of the three parties in developing geothermal in Kotamobagu," President Director of PT Pertamina Geothermal Energy Tbk, Julfi Hadi, stated as he enthusiastically welcomed the JSA cooperation between PGE, Chevron, and Mubadala Energy.

According to Hadi, the JSA aims to capitalize on the companies’ complementary strengths and experience.

It will bring together PGE’s experience and scale as the largest geothermal producing company and capacity holder in Indonesia, Chevron’s expansive capabilities as a multinational energy company committed to providing reliable and cleaner energy, and Mubadala Energy’s track record in delivering reliable and efficient energy to Indonesia and commitment to playing an active role in energy transition as an international energy leader.

The agreement provides a comprehensive framework to conduct a joint study into developing the Kotamobagu Geothermal Working Area (WKP). The agreement aligns with the Government of Indonesia’s recent announcements targeting the addition of 3.3 gigawatts (GW) of installed geothermal capacity by 2030.

Geothermal electricity produced in Kotamobagu may provide a clean energy source to feed the domestic market in Indonesia and potentially an input to produce low-carbon hydrogen or ammonia.

Meanwhile, Chevron Indonesia Country Manager Wahyu Budiarto stated that the JSA is Chevron’s fifth collaboration with Pertamina, and his side is excited about the addition of Mubadala Energy in the Kotamobagu WKP.

"We look forward to bringing into the partnership, Chevron’s technical expertise and new geothermal technologies to explore renewable energy resources to support Indonesia’s energy transition goals," Budiarto stated.

"With our track record of delivering strategic energy resources in Indonesia for over a decade, we are excited about this partnership with PGE and Chevron to explore the expansion of geothermal energy, an important segment of Indonesia’s clean energy growth ambitions," Chief Executive Officer of Mubadala Energy Mansoor Mohamed Al Hamed stated.

He affirmed that the opportunity to explore such projects is embedded in Mubadala Energy’s commitment to playing an active role in the energy transition as the company continues to support Indonesia’s net zero targets.

The Kotamobagu WKP was assigned to PGE Kotamobagu as a subsidiary of PT Pertamina Geothermal Energy Tbk. based on Decree of Minister of Energy and Mineral Resources No.14.K/EK.01/MEM.E/2022 where Kotamobagu WKP is an area that has a high enthalpy value with a volcanic hydrothermal system located in North Sulawesi Province, with an area of 18,530 Ha.

PT Pertamina Geothermal Energy Tbk. is part of the Power and New Renewable Energy (PNRE) Subholding of PT Pertamina (Persero) that is engaged in geothermal exploration, exploitation, and production.

PGE currently manages 13 Geothermal Working Areas (WKP) and one Assigned Working Area, with an installed capacity of 1,877 MW, of which 672 MW is operated and managed directly by PGE and 1,205 MW is managed under a Joint Operation Contract scheme.

The installed geothermal capacity in PGE's working areas contributes around 80 percent of the total installed geothermal capacity in Indonesia, with the potential to reduce carbon dioxide (CO2) emissions by around 9.7 million tons of CO2 per year.

PT Pertamina Geothermal Energy Tbk
Muhammad Taufik
Manager Corporate Communication & Stakeholder Management
PT Pertamina Geothermal Energy Tbk

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Editor: Azis Kurmala
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