PT Petrosea Tbk. (PTRO) secured new contracts and project amendments worth more than Rp15.79 trillion between March and July 2026. The wins help strengthen the company's contract position, or backlog.

Contracts from three sectors

The contracts come from projects in mining, oil and gas, and construction. The details, based on PTRO's public expose materials on Thursday (12/11/2026), are:

• 2 March 2026: a new contract from INPEX Masela Ltd. worth Rp989 billion for OLNG Perimeter Construction Works, scheduled to run until March 2029.
• 15 June 2026: an amendment to the Engineering, Procurement, and Construction (EPC) contract from PT Freeport Indonesia worth Rp2.4 trillion for the Levee Stockpile Project Extension, with a work period through June 2030.
• 30 June 2026: an amendment to the mining services contract from PT Multi Tambangjaya Utama (MUTU) worth Rp3.1 trillion, valid until December 2032.
• 23 July 2026: new mining services contracts from PT Cakrawala Bara Persada and PT Pesona Bara Cakrawala, subsidiaries of PT Singaraja Putra Tbk. (SINI). The two contracts total Rp9.3 trillion, with a work period following the life of mine.

With those additions, the value of new contracts and amendments obtained by PTRO over the period exceeds Rp15.79 trillion.

Backlog up 24%

The issuer, which is affiliated with Prajogo Pangestu, recorded a backlog of US$5.36 billion in the first half of 2026. That is up 24% from US$4.32 billion in the first half of 2025. The growth continues earlier increases, as PTRO's backlog stood at US$2.69 billion in the first half of 2024.

Backlog composition

By business segment, mining services was the largest contributor to first-half 2026 backlog at US$4.91 billion, or about 91.52% of total contracts. The EPC segment contributed US$326 million (6.08%), while the Engineering, Procurement, Construction, and Installation (EPCI) segment and other services contributed US$129 million (2.41%).

Management said the backlog position strengthens long-term revenue visibility and improves the predictability of the company's cash flow.

Sources

• Petrosea (PTRO) Kantongi Kontrak Baru Rp15,79 Triliun, Backlog US$5,36 Miliar — Bisnis.com, 12 November 2026. https://market.bisnis.com/read/20261112/192/2020733/petrosea-ptro-kantongi-kontrak-baru-rp1579-triliun-backlog-us536-miliar