November 24, 2025 | 05:14 pm
TEMPO.CO, Jakarta - PT Petrosea Tbk (PTRO) announced that its subsidiary, PT Petrosea Services Solution Ltd., has signed a share purchase agreement with the majority shareholder of Scan-Bilt Pte. Ltd (SPBL), TCAL Engineering Pte. Ltd., on November 21, 2025. According to the agreement, Petrosea will acquire 60 percent of TCAL's shares for US$8.03 million (Rp134.1 billion at an exchange rate of Rp16,710 per U.S. dollar).
PTRO President Director Michael stated that the acquisition of SBPL is a step and a diversification strategy for Petrosea. "Both through the development of multidisciplinary EPC capabilities in the chemical processing industry and through geographic expansion into the Asia Pacific and Oceania regions, especially in the oil and gas sector," said Michael in the disclosure of information at the Indonesia Stock Exchange on Monday, November 24, 2025.
Michael mentioned that Petrosea will develop SBPL as a business hub for business expansion into the Asia Pacific and Oceania regions, which include Singapore, Papua New Guinea, Australia, and Indonesia. He stated that SBPL has experience in multidisciplinary construction and civil engineering. "As a company established in 1990 in Singapore, SBPL has extensive experience and a long track record," he said.
Additionally, Michael hopes that the acquisition of SBPL can support strategic projects for the onshore oil processing industry, chemical plant construction, and tankage terminals for the chemical industry, as well as power plant facilities.
Michael ensured that Petrosea has a track record in providing integrated services that cover the entire value chain from upstream to downstream, ranging from EPC, mining, offshore EPCI, to logistics for the mining and oil and gas industries in Southeast Asia, Papua New Guinea, and Australia.
"Through the HBS and Hafar group subsidiaries, the Company is expanding its business portfolio into the non-coal sector by providing sustainable mining and construction solutions to support the gold and mineral sector as well as integrated offshore EPCI solutions," said Michael.
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