PT Dinamika Utama Energi (DUE) has signed a Memorandum of Understanding (MoU) with Money Station Capital Company Limited (MSC) from Thailand, with a deal valued at USD 11 billion. The MoU was signed on October 16, 2024, with DUE represented by CEO Zaenal Aziz and MSC by President Director Nanprapha Kawinrutaipreeda. The collaboration focuses on leveraging both companies' expertise and resources to enhance their presence in the energy sector and drive future business growth. The initial investment is set at USD 4 billion, followed by an additional USD 11 billion for infrastructure development, securing oil quotas, and expanding operations in Indonesia and other regions.
This strategic partnership marks a significant step for DUE in expanding its oil and gas business in Indonesia, Malaysia, and Thailand. The collaboration includes developing services such as Maintenance, Repair, and Operations (MRO) to meet the growing energy demands in Southeast Asia. Additionally, the partnership will strengthen DUE's position as a key player in the oil and gas industry, supported by MSC's financial and management expertise. CEO Zaenal Aziz emphasized the importance of this collaboration in achieving long-term growth, innovation, and market expansion in the region, contributing to the broader energy needs in Southeast Asia.
