Jakarta, Indonesia, January 10, 2012—
IFC, a member of the World Bank Group, has provided $45 million in financing to PT Wintermar Offshore Marine Tbk to help expand infrastructure services in Indonesia’s oil and gas industry, enabling the sector to grow, create jobs, and sustain economic activity.
IFC’s loan to PT Wintermar Offshore Marine Tbk, the largest Indonesian provider of support vessels to the domestic oil and gas industry, will assist in funding the company's plan to add 15 supply vessels to its fleet over the next two years. The expanded fleet will support the exploration and development of new offshore oil and gas fields, particularly in eastern Indonesia, to help the country meet growing energy needs.
“Improving infrastructure is critical in driving Indonesia’s economic growth,” said Rachel Robbins, IFC Vice President and General Counsel. “Our investment in PT Wintermar Offshore Marine Tbk is part of our commitment to accelerate infrastructure development in Indonesia, particularly in the oil and gas industry.”
Boosting oil and gas production is a priority for the Indonesian government. PT Wintermar Offshore Marine Tbk operates a fleet of more than 65 vessels, transporting crews, equipment, and supplies and providing one-stop shop services such as anchor handling, towing, and mooring of offshore rigs.
"We are proud to embark on this key partnership with IFC with whom we share a long-term development vision for Indonesia. The level of activity in the Indonesian offshore energy industry has risen significantly in the past 12 months, leading to higher demand for Indonesian-flagged offshore support vessels. IFC's loan will enable us to cater to this demand,” said Sugiman Layanto, Managing Director of PT Wintermar Offshore Marine Group. “IFC's investment underlines our ongoing commitment to high international standards of safety, quality, and professionalism.”
IFC's investment is also expected to help the company strengthen its corporate governance and apply best environmental, health, and safety practices.
In many emerging markets, natural resource industries are important sources of jobs, investments, government revenues, and energy. IFC helps developing countries and communities realize sustainable economic benefits from the responsible use of these resources.
About IFC
IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector. We help developing countries achieve sustainable growth by financing investment, providing advisory services to businesses and governments, and mobilizing capital in the international financial markets. In fiscal 2011, amid economic uncertainty across the globe, we helped our clients create jobs, strengthen environmental performance, and contribute to their local communities—all while driving our investments to an all-time high of nearly $19 billion. For more information, visit
www.ifc.org
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About Wintermar
PT Wintermar Offshore Marine Tbk (WINS) is an offshore marine services company that owns a fleet of over 65 vessels ready to handle a large variety of marine support services required in upstream oil and gas exploration and production activities. Our young and growing fleet, comprising a wide variety of vessel types, enables us to offer innovative vessel and logistics solutions to serve our client base of multinational oil and gas companies. In 2011, WINS became the first shipping company in Indonesia to be certified with Integrated Management System by Lloyds Register Quality Assurance, comprising ISO 9001:2008 (Quality), ISO14001:2004 (Environment) and OHSAS 18001:2007 (Occupational Health and Safety).
