Petrosea Expands EPC Footprint to Pakistan with USD 26 Million Mining Project

Indonesian engineering and mining services company Petrosea (PTRO) has signed an initial implementation agreement with Reko Diq Mining Company, marking its first engineering, procurement, and construction (EPC) venture in Pakistan.

Under the Limited Notice to Proceed, Petrosea and its wholly owned subsidiary Petrosea Solutions Pakistan will provide EPC services for the Reko Diq gold and copper mining project, one of the world’s largest of its kind located in Balochistan, Pakistan.

The USD 26.2 million (approximately IDR 432 billion) contract covers the construction of concrete foundations for the dry plant, wet plant, and non-process infrastructure, along with detailed earthworks. The project is expected to run for about ten months.

“The signing of this agreement represents Petrosea’s business expansion and the development of our EPC services beyond Indonesia, supporting diversified and sustainable growth,” said Michael Kurniawan, President Director of Petrosea, in a statement on Wednesday.

Petrosea, which has operated for more than five decades, offers integrated services across the mining and energy value chain, from EPC and offshore engineering to logistics. The company recently diversified its portfolio through Hafar Group, focusing on offshore EPCI services in the non-coal sector.

Source: https://jakartaglobe.id/special-updates/petrosea-expands-epc-footprint-to-pakistan-with-26-million-mining-project#goog_rewarded

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