Leyte, Philippines, February 24, 2026 - PT Pertamina Geothermal Energy Tbk (PGE) (IDX: PGEO) kicked off its global roadshow series by visiting the world's largest wet steam field owned by Energy Development Corporation (EDC) in Leyte, Philippines, on Thursday (February 12, 2026). This visit marks PGE's strategic move to optimize geothermal technology development through the implementation of Flow2Max®. This initiative reflects PGE's efforts to unlock new revenue streams through the commercialization of innovation while strengthening the geothermal development manufacturing and services ecosystem, in line with its vision as a world-class green energy company.
PGE participated in this event alongside PT Sigma Cipta Utama (SCU), a subsidiary of PT Elnusa Tbk, part of Pertamina Hulu Energi. This visit served as PGE's effort to expand international collaboration and discuss the potential for the initial implementation of Flow2Max® technology at EDC's geothermal field. The two parties discussed various technical aspects, including meeting technical requirements, field measurements, and price negotiations, before entering the manufacturing and equipment delivery phase for installation. Initial installation is targeted for June 2026.
Erlindo Angcoy Jr., Head of Geothermal Technology and Innovation (Subsurface Team) at Energy Development Corporation, welcomed the PGE delegation, represented by PGE Operations, Asset Management & Optimization Manager Jati Permana Kurniawan, and PGE Production & Optimization Excellence Manager Mohamad Husni Mubarok, along with their respective teams. Also present at the meeting were representatives from Ecolab International Indonesia (Ecolab), the Flow2Max® development partner, and PT Sigma Cipta Utama (SCU).
During the discussion, Erlindo Angcoy Jr., Head of Geothermal Technology and Innovation (Subsurface Team) at EDC, presented an overview of the Leyte geothermal field and the operational challenges faced. Erlindo expressed his interest in Flow2Max technology, as it aligns with the field profile and EDC's needs in supporting geothermal well performance optimization.
On the same occasion, PGE shared its experience in managing superheated wells from an operational perspective, as well as managing geothermal superheated steam in its working areas.
PGE's Production & Optimization Excellence Manager, Mohamad Husni Mubarok, Ph.D., said, "We are proud to introduce PGE's innovative superheated steam management technology to one of the world's largest and most reputable geothermal companies. Furthermore, the Philippines currently ranks third in geothermal capacity globally, after the United States and Indonesia. We hope the implementation of Flow2Max® technology will support operational optimization, increase production efficiency, and strengthen the sustainable management of the EDC reservoir."
Flow2Max® is a two-phase flow meter technology that enables real-time fluid flow monitoring, allowing operators to evaluate performance and predict production well productivity more accurately. The use of Flow2Max® also strengthens reservoir management and optimization in each geothermal field, including helping to detect potential well technical issues early. This innovation was developed from doctoral research by PGE's Production and Operation Excellence Manager, Mohamad Husni Mubarok, Ph.D., while studying at the University of Auckland.
PGE's Operations, Asset Management & Optimization Manager, Jati Permana Kurniawan, added that PGE and EDC have agreed to continue their strategic collaboration.
"Going forward, we are committed to strengthening this collaboration, not only through technology implementation, but also through knowledge exchange and strengthening technical capabilities to drive the advancement of the geothermal sector globally. This step is also in line with PGE's vision to become a world-leading geothermal producer and center of excellence," said Jati Permana Kurniawan.
