Petrosea Represents Indonesia in World Economic Forum’s Global Lighthouse Network

9 July 2019 – PT Petrosea Tbk. has become the only Indonesian mining company to be welcomed by the World Economic Forum to its Global Lighthouse Network during the Annual Meeting of the New Champions, held on 3 July 2019 in Dalian, China. Petrosea was selected as one of 10 global companies out of over 1200 applicants this year, ranging from services to manufacturing across all sectors and industries. It is now part of 26 companies that have joined the Global Lighthouse Network.

Petrosea was selected due to its success in applying Industry 4.0 revolution technologies to drive financial and operational impact at Tabang, which is a remote project site located in East Kalimantan.

Petrosea began the digital transformation of its mining operations in June 2018 as astrategic step to ensure the Company’s sustainable superior performance in the years to come. Multiple initiatives were implemented to improve operations, such as optimized truck dispatch, real-time performance monitoring and predictive maintenance. Within 6 months, Petrosea was able to transform this challenging project into one of the company’smost profitable operations.

“This is a very proud moment for us. Our digital transformation at Tabang enabled us to reduce cost and increase production. As a result, we achieved incredible results in a very short amount of time. This is only the first step of our company-wide digitaltransformation,” explained Hanifa Indradjaya, President Director of Petrosea.

The Global Lighthouse Network consists of companies, or ‘lighthouses’ across multiplegeographies and industries. According to the World Economic Forum, they serve as beacons to guide others to overcome challenges in upgrading systems and applying cutting-edge technologies such as artificial intelligence, big data analytics and 3D printing. These companies were selected based on their success in integrating these technologies to increase efficiency and drive innovation. One of the key elements of the Lighthouse Network is its commitment to discovering and elevating solutions that can be scaled up in cost-effective ways across companies and industries.