Benardy Ferdiansyah, Antara News - 02/10/2024

Rukun Raharja Enters Upstream Oil and Gas Business Through DSME Cepu Acquisition

Rukun Raharja Enters Upstream Oil and Gas Business Through DSME Cepu Acquisition

PT Rukun Raharja Tbk. (RAJA) has officially acquired PT DSME Cepu, marking a strategic move for the company to enter the upstream oil and gas sector. This acquisition aims to expand its business portfolio and capitalize on the growing energy market in Indonesia.

This step aligns with Rukun Raharja’s long-term plan to develop its oil and gas operations, with the goal of increasing its contribution to the national economy. By leveraging its experience and existing resources, the company is confident in optimizing DSME Cepu’s production efficiently and sustainably.

This move also sends a positive signal to investors, demonstrating that Rukun Raharja is ready to adapt and compete in a dynamic market. The company is committed to developing projects that are not only financially profitable but also environmentally friendly and socially responsible.

With this acquisition, PT Rukun Raharja Tbk. strengthens its position as a new player in the upstream oil and gas industry. This initiative is expected to contribute to national energy security while opening new opportunities for innovation and technology in the sector, positioning Rukun Raharja as a key pillar in Indonesia’s energy industry development.