PTRO - Accelerates expansion, forms offshore oil and gas business

PTRO - Accelerates expansion, forms offshore oil and gas business Petrosea (PTRO) is expanding by establishing a new business line, namely Offshore Oil and Gas EPCI, after completing the acquisition of Hafar, HBS, and Scan-Bilt. In its official statement, PTRO conveyed that throughout 2025, PTRO will make business diversification a strategic pillar in strengthening performance resilience and sustainability. PTRO management stated that thru this step, PTRO not only expands its sources of income but also reduces dependence on a single business segment. This strategy also opens up opportunities for new business growth, expands market reach to regional areas, and enhances PTRO's competitiveness amidst the increasingly complex industry dynamics. "This achievement reflects the effectiveness of the strategy implemented by Petrosea in driving sustainable growth, while also strengthening performance fundamentals amidst various challenges faced," said Michael, President Director of PTRO in his official statement. In addition, he continued, this momentum is from the previous year. (Source : Bisnis Indonesia)