50 Years Track Record (1975–2025)

From Energy to National Sovereignty

"From 50 years ago, we proved we could transform ideas into national infrastructure. In the next 50 years, we will prove we can transform natural resources into national sovereignty."

— Bey Mahaya Djody, CEO

Explore Our Business Investor Relations

"SETDCO Group is transforming from a shipping enterprise into an Independent Energy Operator and Midstream Developer, with a steadfast commitment to national sovereignty."

"We do not merely extract value; we build legacy." - Bey Mahaya Djody, CEO

Corporate Identity

Building Indonesia, Sustaining Generations

Evolved from a shipping pioneer into an independent energy operator. We manage Indonesia’s blessings with technological superiority.

Our Vision

“To become an integrated natural resource enterprise with global competitiveness, contributing to Indonesia’s energy sovereignty.”

Strategic Pillars (Mission)

🛢️ Energy

Operating Kariorang Block as a strategic national asset with world-class standards.

⚙️ Midstream

Developing sustainable infrastructure integrating modern agro-technology.

🌍 Development

Applying ESG principles across all operational value chains.

🤝 Partnership

Building global partnership ecosystems to accelerate energy transformation.

Five Decades of Excellence

Our Business Evolution (1975 – 2025+)

1975-1985

The Shipping Era

Founded to connect Indonesia to global energy markets via international tanker fleets.

1986-1994

The Connectivity Revolution

Co-founding Telkomsel, pioneering national cellular telecommunications infrastructure.

1994-2010

The Deep Earth

Strategic investment in Grasberg Mine and expansion into Central Asia Petroleum.

2010-2024

Energy Transition & EPCM

Evolution into LNG Solutions and EPCM services for cleaner energy infrastructure.

2025: OPERATOR ERA

Independent Energy Operator

Direct operator of WK Kariorang, controlling national energy resources and exploration.

THE FUTURE PLAN

Midstream Integration

Integrating upstream assets with refineries, LNG plants, and petrochemical infrastructure.

Strategic Portfolio

Deep-dive into our core national strategic assets and development roadmap.

🛢️ Energy Asset: Kariorang Block

• Area: 1,577.14 km² (Kutai Basin, East Kalimantan)
• Capacity: 50,000 bpd Oil & 455 mmscfd Gas
• Lifecycle: Confirmed 30-year operational lifespan
📊 Projected IRR: 18 – 22%

⚙️ Midstream Development Roadmap

• Gas Treatment: Integrated pipeline & processing facility
• Refinery: 50,000 bpd Mini Refinery (downstream integration)
• LNG Plant: 2.5 million tons/year for export & domestic
• Value Addition: Petrochemical derivatives development

Corporate Governance & Structure

Guided by a robust leadership framework to ensure transparency and accountability.

Board of Commissioners

▸ Audit Committee
▸ Risk & Sustainability Committee
▸ Nomination & Remuneration Committee

Board of Directors

▸ CEO Office
▸ Chief Sustainability Officer (CSO)
▸ Chief Risk & Compliance Officer (CRCO)
▸ Business Unit Heads (Energy & Midstream)

Our Business Units

Strategic diversification for national energy resilience.

🛢️

Energy Upstream

Independent operator of the Kariorang Block with potential of 50,000 bpd oil and 455 mmscfd gas.

⚙️

Midstream & Downstream

Integrating Gas Treatment Facilities, Mini Refineries, and LNG Plants for maximum value addition.

🚢

Shipping & Logistics

A 50-year legacy in tanker fleets and energy logistics, supporting national distribution networks.

🤝

Strategic Partnership

Collaborating with global giants like Freeport, PERTAMINA, and Telkom for strategic growth.

ESG as Business DNA

"Profit follows Purpose" — We build legacy through social responsibility.

Environmental

• Carbon intensity reduction: -30% by 2030

• Zero routine flaring at Kariorang Block

• Ongoing CCUS feasibility study

Social

• 70% local content project expenditure

• 1,000 scholarships for local technical youth

• Target Zero Fatality in all operations

Governance

• Board Risk & Sustainability Committee

• Zero tolerance for corruption policy

• GRI Standards reporting framework

Operations Area

Presence across Indonesia from Sumatra to Papua

01
Future development plans for the Kariorang block operator
Independent Operator - East Kalimantan
02
Midstream Hub
Gas Treatment & Refinery Development
03
Grasberg Mine
Strategic Mining Investment - Papua
04
Logistics Facilities
National Distribution Network
05
Energy Transition
Renewable Energy & CCUS Development

Investor Pitch & Executive Summary

Building a legacy of dual-engine growth: Energy & Infrastructure.

Financial Snapshot

2025 REVENUE

$150M

2030 TARGET

$1.2B

EBITDA MARGIN TARGET

42%

"Dual engine strategy ensuring long-term cash flow and macro-resilience."

Strategic Partnership Ask

▸ $500M Senior Debt (Kariorang Phase 1)
▸ Strategic Equity for Midstream Expansion
▸ Offtake Agreements (LNG & Crude)
▸ Technology & Digital Oilfield Partners

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