- Business
- PT Sunindo Pratama Tbk operates as a prominent entity in the provision of products and specialized services, primarily catering to the oil and gas sectors within Indonesia and across international markets. Its extensive product portfolio encompasses the distribution of critical components such as Oil Country Tubular Goods (OCTG), including seamless and ERW tubing and casing, along with drill pipes, line pipes, drill bits, wellheads, Christmas trees, packers, variable speed drives, and various oilfield-related chemical products and valves. Beyond supplies, the company delivers essential services like drill pipe rentals, on-site maintenance for wellheads and Christmas trees, workover barges and support vessels, advanced corrosion prevention and removal systems, organic binder absorption for diverse applications, and Enhanced Oil Recovery (EOR) techniques, including polymer flooding and zonal water injection. Established in 2002 and based in South Jakarta, Indonesia, the company has expanded its focus since 2017 to include non-oil and gas industries, geothermal, and waste management services. Recent strategic moves include becoming publicly listed on the Indonesia Stock Exchange in January 2023, acquiring a controlling stake in PT Rainbow Tubulars Manufacture (RTM) to bolster in-house seamless pipe production, and establishing PT Petro Synergy Manufacturing for wellhead assemblies. Furthermore, PT Sunindo Pratama Tbk is actively engaged in constructing RTM's second plant to double production capacity by 2026, reinforcing its position as a key supplier with a high local content advantage in Indonesia's growing energy market.