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PTRO – Secures a record IDR64.3 tn contract backlog Petrosea (PTRO) announced that by the end of 2024, it had secured a record-high contract backlog of IDR64.3 tn. CIO Kartika Hendrawan highlighted that this achievement reflects the company’s strong position in the mining and construction sectors, backed by over five decades of experience. Among the newly secured contracts is a life-of-mine mining services agreement with Pasir Bara Prima worth IDR17.4 tn. PTRO also signed an Onshore Early Works EPC agreement for the Ubadari, Tangguh EGR/CCUS & Tangguh Onshore Compression project, valued at IDR4.6 tn with a 24-month duration. Additionally, the company secured a procurement and construction agreement worth IDR2.8 tn for Vale Indonesia’s Pomalaa Block mine development, also with a 24-month duration. (Source : Kontan)