OWNERSHIP
Share Composition
PT Badak NGL is owned by a consortium of energy companies representing both national and international interests.
The ownership of PT Badak NGL is held by a consortium of national and international energy companies.
PT Badak NGL is owned by a consortium of energy companies representing both national and international interests.
The background and strategic role of each shareholder within the PT Badak NGL consortium.
PT Pertamina Hulu Energi (PHE) is a subsidiary of PT Pertamina (Persero) engaged in oil and gas exploration and production. As the majority shareholder of PT Badak NGL, PHE plays a strategic role in the management and development of the Bontang LNG plant.
Virginia Indonesia Company (VICO) is a US-based oil and gas company and part of the Huffco Group. VICO was one of the pioneers in discovering gas reserves in East Kalimantan and has been a strategic partner in the founding and operation of PT Badak NGL since its inception.
PT Pertamina Pedeve Indonesia is one of Indonesia's largest state-owned energy enterprises. In addition to its subsidiary holdings, Pertamina also holds a direct stake in PT Badak NGL, reflecting the state's commitment to managing national energy resources.
TotalEnergies is a French multinational energy company operating in more than 130 countries. With a broad portfolio spanning oil, gas, and renewables, TotalEnergies brings world-class technical expertise and a global network to support PT Badak NGL's operations.
