Indonesia has chosen Elia Massa Manik, head of the state holding company for the plantations industry, as the new CEO of state energy firm Pertamina, sources said on March 15.
Manik, CEO of PT Perkebunan Nusantara III and former head of oil and gas company PT Elnusa, a unit of Pertamina, was appointed by Indonesian President Joko Widodo on the evening of March 14, two sources with knowledge of the issue said.
A spokeswoman for Pertamina, which dominates Indonesia's energy industry, said any announcement still has to wait for official confirmation from shareholders.
The state firm, which has a virtual monopoly on petroleum imports, leads the country in retail oil sales and owns and operates the country's main refineries.
Last month, Pertamina removed its CEO Dwi Soetjipto and Deputy CEO Ahmad Bambang, citing leadership problems. New and renewable energy director Yenni Andayani was appointed as acting CEO.
Pertamina chairman Tanri Abeng said at the time that complex recruitment and management structure issues had "obstructed cooperation," adding that there would no longer be a deputy CEO.
Soetjipto was appointed CEO of Pertamina in November 2014 by President Widodo, and had overseen efforts to eliminate corruption and slash Indonesia's fuel imports, including by developing domestic refining capacity.
Recommended Reading
PGS Wins 3D Contract Offshore South Atlantic Margin
2024-04-08 - PGS said a Ramform Titan-class vessel is scheduled to commence mobilization in June.
TGS Commences Multiclient 3D Seismic Project Offshore Malaysia
2024-04-03 - TGS said the Ramform Sovereign survey vessel was dispatched to the Penyu Basin in March.
Tech Trends: AI Increasing Data Center Demand for Energy
2024-04-16 - In this month’s Tech Trends, new technologies equipped with artificial intelligence take the forefront, as they assist with safety and seismic fault detection. Also, independent contractor Stena Drilling begins upgrades for their Evolution drillship.
TGS, SLB to Conduct Engagement Phase 5 in GoM
2024-02-05 - TGS and SLB’s seventh program within the joint venture involves the acquisition of 157 Outer Continental Shelf blocks.
AI Poised to Break Out of its Oilfield Niche
2024-04-11 - At the AI in Oil & Gas Conference in Houston, experts talked up the benefits artificial intelligence can provide to the downstream, midstream and upstream sectors, while assuring the audience humans will still run the show.