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About Us

History

Valco’s business vision is to make a contribution to the realization of the national potential, particularly in the field oil and gas, electricity and telecommunication industries. In 1995, Valco had formed partnership with Black & Veatch, an international engineering and construction firm based in USA with a global staff of over 8.000 employees in 90 regional offices around the world, to undertake Engineering, Procurement and Commissioning (EPC) contract in the electricity industry. The incorporation of the partnership between Valco and Black & Veatch was named as PT Valco Black & Veatch with share composition 49% of Valco and 51 % of Black & Veatch. PT Valco Black & Veatch had performed several EPC contracts such as Muara Tawar, Tambak Lorok, Grati, Suralaya, Belawan, Tj.Jati B etc.

PT Valco Black & Veatch was a major Indonesian EPC contractor. The Company had a strong commitment to develop Indonesia through hard work and a transfer of technology to become the largest and most successful EPC contractor capable of dealing with the largest project, such as LNG gas processing. 

Due to major economic crisis Asia in 1997/1998, most of countries in the region, including Indonesia were badly affected which had direct adverse impact to PT Valco Black & Veatch as well. PT Valco Black & Veatch was dissolved as results of the economic turmoil. From that point on Valco became a respective player in Oil & Gas and Energy Business. During the period from 2002 to 2007 Valco through its subsidiary PT. Valco Mulia Internasional was acted as an advisor for one of the world’s largest independent oil and gas exploration and production companies and during said period Valco had successfully performed its services in the form of acquisition of certain oil and gas assets within Indonesian territory and or overseas. 

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