PT Elnusa Tbk Laporan Tahunan 2013 Annual Report
risk, but rather it is because of the risk beyond the control of the management.
1. Fatality risk: this risk is the top priority. in 2013, the
management is able to control this risk, so that the year 2013 is closed without any signiicant Hse occurrences. one of the
strategies taken is the implementation of “Hse is my culture” to all elnusa personnel so that the residual level of risk was still
within the acceptable range.
Punishment or sanction provisions against oil and gas service companies of entry into black list are provided for in Work
Procedure guidelines PTK no. 007 year 2011 issued by BP migas, it was established that the death of any employee or
other person due to negligence of an employee or a company providing oil and gas services shall render a sanction that
such oil and gas service company shall no longer be allowed to participate in any tender during a speciic period. if the
Company is currently taking part in any tender process and bid process, then its participation shall be disqualiied. a
strategic step that must be taken by the management is to propose to sKK migas for a revision of the foregoing PTK 007.
2. Legal uncertainty risk: This risk is the second priority, in view
of the amount of money and time that has and shall be spent to obtain legal certainty. There is no third option: there is only
win or lose. The strategic steps were already, and are being, and will continue to be taken are to give media and social
pressure to all parties that will affect the law enforcement in indonesia. The inherent level and residual level of this risk does
not change, which means that the control activities performed by risk management gives insigniicant effect to the level of
risk since the causes of the risk are unreachable.
3. Tender loss risk: This risk has an inherently signiicant impact
on the operational and inancial performance of elnusa in the year of 2013, especially for land seismic services and marine
seismic services. For land seismic services, there are at least three projects projected in CWPB of 2013, but which elnusa
fails to win. in marine seismic services, nearly all projects projected in the Company Work Plan and Budget or CWPB
2013 could be obtained. The management succeeded in controlling the impacts of this risk, such as by focusing the
business growth of the Company in the business segment of Drilling and oilield service. THerefore, it keeps the residual
level of risk to remain low.
4. Tax risk: The provisions on taxes which especially signiicantly
