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.
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 acted as a local partner 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 twenty acquisitions of certain oil and gas assets within Indonesian territory and or overseas.
Mr Muhammad Hadi Bil’id has been a self made entrepreneur for the last 27 years and has successfully built multiple businesses in different sectors across Indonesia. In 1988 Mr Bil’id built a successful civil construction company in his hometown Lombok.
After reaching this height he decided to migrate to Jakarta in 1990 where he founded Valco Corporation. And one of his first ventures was in the Power Plant EPC business where he formed a joint venture with Black & Veatch a US based EPC company which then this partnership controlled 20% of the EPC market in Indonesia between 1993 to 1998 with an annual turnover of USD 1 billion.
After the successful partnership with Black and Veatch, Mr Bil’id expanded to upstream oil and gas sector preliminary with various partnerships in acquiring exploration and production assets in Indonesia; subsequently moving into a formal partnership with Anadarko Petroleum where Valco and Anadarko worked on a partnership in building Anadarko’s business in Indonesia from the year 2000 to 2007 with gross asset valuation in excess of USD 300 million.
Mr Bil’id has since then building Valco Corporation as an investment holding company with assets and projects within the Energy, Natural Resources and Agriculture sectors with Indonesia as its launch pad. Mr Bil’id has a Bachelors degree in agribusiness studies and has been through numerous certification and training programs in the Power Plant EPC and Oil & Gas Upstream to downstream operations and banking investments.
Director Business Development
Director Finance and Administration