Establishment of SEP.
SEP begins construction of its LPG Refinery
Construction completed; SEP begins commercial operations with design capacity of 110 TPD LPG and 227 bpd Condensate.
SEP acquires a 59.98% stake in PT Panca Amara Utama
SEP successfully lists on the Indonesia Stock Exchange (IDX) with a 25% share oﬀer to the market at Rp. 610 per share
Commences LPG plant expansion with execution of Equipment Supply Agreement with Enerflex Ltd., Canada. Expansion construction begins.
SEP completes successful non-preemptive Rights Issue of 100 million new shares at Rp. 3,000 per share. Total outstanding shares increases to 1,100,000,000 shares
Successfully completes LPG refinery expansion project increasing LPG production capacity by over 50%