TAHUN PERTUMBUHAN DENGAN MEMPERKUAT STRUKTUR USAHA

Dengan kinerja konsolidasi yang solid dan juga didukung oleh peningkatan kompetensi usaha dan sumber daya manusia, pengembangan keahlian dan teknologi, perluasan pangsa pasar dan optimalisasi aset operasional, sejak lima tahun terakhir pendapatan usaha Perseroan terus tumbuh rata-rata 22 per tahunnya CAGR. Kinerja tinggi tersebut terutama dikontribusi oleh pendapatan dari kelompok Jasa Hulu Migas Terintegrasi yang merupakan bisnis inti Perseroan. Langkah strategis Perseroan untuk terus mengembangkan dan memperkuat kompetensi inti di segmen zona transisi dan perairan, telah menghasilkan pertumbuhan pendapatan usaha yang mengesankan. Pendapatan usaha unit bisnis ini mengalami kenaikan signifikan dibandingkan tahun sebelumnya.

2010: TAHUN PERTUMBUHAN DENGAN MEMPERKUAT STRUKTUR USAHA

2010: THE YEAR OF ENERGIZING BUSINESS STRUCTURE Laporan Tahunan 2010 PT Elnusa Tbk 2 Pencapaian Kinerja 2010 Performance Highlights in 2010 Borrowing the solid consolidated performance and higher competence of our business and human resources, development of skill and technology, enlarged market share and optimalization of operational assets, operating revenues of the Company in the last five years booked Compound Annual Growth Rate CAGR of 22. The higher performance was translated from the revenue contribution of the Integrated Upstream Oil Gas Services which serves as the core business of the Company. The strategic steps of the Company to keep developing and strengthening the core competence at transition zone and marine segment, resulted in an impressive operating revenue growth. Operating revenue from the business unit considerably rose compared to those of previous years. PT Elnusa Tbk 2010 Annual Report 3 Rp4,21 triliun Pendapatan Usaha Konsolidasi naik 15 menjadi Rp4,21 triliun dengan kontribusi terbesar dari kelompok Jasa Hulu Migas Terintegrasi. IDR4.21 trillion Consolidated operating revenues rose 15 to IDR 4.21 trillion of which Integrated Upstream Oil and Gas business group made the biggest contribution. Rp3,68 triliun Total Aset Konsolidasi tercatat Rp3,68 triliun, sebagian besar terdiri dari Aset Tetap yang dipergunakan untuk operasional Perseroan. IDR3.68 trillion Consolidated asset value reached IDR3.68 trillion, which was mostly derived from Fixed Assets used for Company’s operation. 9 Penghargaan Kualitas Jasa Kinerja operasional Perseroan membanggakan dengan kompetensi yang telah teruji selama lebih dari 40 tahun terus memberikan reputasi yang terpercaya diantaranya 9 pengakuan dan penghargaan dari para klien terkemuka atas kualitas operasi Perseroan. 9 Service Quality Awards The Company’s outstanding operational performance with proven competence for more than 40 years continues to provide a reliable reputation, which includes 9 recognitions and awards from notable clients regarding the Company’s operation quality. IKHTISAR UTAMA HIGHLIGHTS Ikhtisar Keuangan | Financial Highlights 6 Ikhtisar Operasi | Operational Highlights 7 Peta Operasi Jasa Hulu Migas Terintegrasi | Operational Map of Integrated Upstream Oil and Gas Services 8 Peta Operasi Jasa Hilir Migas | Operational Map of Downstream Oil and Gas Services 10 Peta Operasi Jasa Penunjang Hulu Migas | Operational Map of Upstream Oil and Gas Support Services 10 Peristiwa Penting 2010 | Significant Events 2010 12 Penghargaan 2010 | Award 2010 14 Ringkasan Aksi Korporasi 2010 | Summary of Corporate Action 2010 16 Ikhtisar Kinerja Saham | Stock Performance Highlights 19 Kebijakan Dividen | Dividend Policy 24 INFORMASI PERSEROAN CORPORATE INFORMATION Sekilas Perseroan | Corporate Overview 26 Sejarah Singkat Perseroan | Corporate Brief History 27 Komposisi Pemegang Saham | Composition of Shareholders 32 Visi dan Misi | Vision and Mission 33 Strategi Jangka Panjang | Long Term Strategy 34 Struktur Korporasi | Corporate Structure 35 Bidang Usaha Perseroan, Anak Perusahaan dan Afiliasi | Business Line of Corporate, Subsidiaries and Affiliate 36 Struktur Organisasi Perseroan | Corporate Organization Structure 39 LAPORAN MANAJEMEN MANAGEMENT REPORT Laporan Komisaris Utama | President Commissioner’s Report 40 Laporan Direktur Utama | President Director’s Report 50 Tanggung Jawab Laporan Tahunan 2010 | Responsibility of Annual Report 2010 63 LAPORAN TATA KELOLA PERUSAHAAN CORPORATE GOVERNANCE REPORT Komitmen GCG | GCG Commitment 65 Tujuan Penerapan GCG | Objectives of GCG Implementation 65 Pengukuran Implementasi GCG | Measurement of GCG Implementation 66 Struktur dan Hubungan Tata Kelola | Structure and Relation in Good Governance 67 Rapat Umum Pemegang Saham | General Meeting of Shareholders GMS 68 Dewan Komisaris | Board of Commissioners 70 Direksi | Board of Directors 73 Komite Audit | Audit Committee 78 Komite Nominasi dan Remunerasi | Nomination and Remuneration Committee 83 Remunerasi Dewan Komisaris dan Direksi | Remuneration of Board of Commissioners and Directors 86 Sekretaris Perusahaan | Corporate Secretary 87 Lembaga dan Profesi Penunjang Pasar Modal | Capital Market Support Institution and Professionals 94 Mekanisme GCG | Mechanism of GCG 95 Sistem dan Prosedur Perseroan | Corporate System and Procedure 98 Pengendalian Risiko Perseroan | Corporate Risk Management 101 Pengawasan dan Pengendalian Internal | Internal Supervision and Control 108 Perkara Hukum Perseroan | Companys Legal Affair 110 Etika Bisnis dan Etika Kerja | Code of Conduct 111 Daftar Isi Table of Contents Laporan Tahunan 2010 PT Elnusa Tbk 4 ANALISIS DAN PEMBAHASAN MANAJEMEN MANAGEMENT’S DISCUSSION AND ANALYSIS Tinjauan Umum 2010 | General Review 2010 115 Prospek 2011 | 2011 Prospect 121 Pembahasan atas Kinerja Bisnis | Analysis of Business Performance 122 Pembahasan atas Kinerja Keuangan | Discussion on Financial Performance 138 Kinerja Neraca | Balance Sheet Performance 147 Kinerja Arus Kas | Cash Flow Performance 152 LAPORAN KEBERLANJUTAN SUSTAINABILITY REPORT Laporan Sumber Daya Manusia | Human Resources Report 158 Laporan Tanggung Jawab Sosial Perusahaan | Corporate Social Responsibility Report 172 Laporan K3LL | Health Safety and Environment Report 188 INFORMASI TAMBAHAN ADDITIONAL INFORMATION Profil Dewan Komisaris | Profile of the Board of Commissionners 196 Profil Direksi | Profile of the Board of Directors 201 Profil Komite Audit | Profile of Audit Committee 206 Profil Komite Nominasi dan Remunerasi | Profile of Nomination and Remuneration Committee 208 Profil Sekretaris Perusahaan | Profile of Corporate Secretary 209 Jaringan Perseroan | Office Network 210 Referensi Terhadap Ketentuan Bapepam-LK mengenai Format Laporan Tahunan | Reference to the Bapepam-LK Regulation on the Annual Report Format 211 LAPORAN KEUANGAN KONSOLIDASI TAHUN 2010 2010 CONSOLIDATED FINANCIAL STATEMENTS Laporan Keuangan Konsolidasi Tahun 2010 | 2010 Consolidated Financial Statements 223 Laporan Tahunan 2010 ini kami rancang secara khusus agar pembaca dapat memahami lebih baik lagi tentang perkembangan usaha kami. This 2010 Annual Report has been specifically designed for the readers to have better understanding on our business progress. PT Elnusa Tbk 2010 Annual Report 5 Laporan Tahunan 2010 PT Elnusa Tbk 6 URAIAN 2006 2007 2008 2009 2010 DESCRIPTION LAPORAN LABA RUGI STATEMENTS OF INCOME Pendapatan Usaha 1.877.981 2.103.690 2.543.193 3.662.331 4.210.786 Operating Revenues Laba Kotor 348.637 398.745 394.874 543.028 409.875 Gross Profit Laba Usaha 115.331 144.354 180.387 276.287 134.103 Income from Operations Depresiasi 89.310 121.016 150.688 203.311 278.286 Depreciation EBITDA 204.641 265.370 331.075 479.598 412.389 EBITDA Beban Keuangan 38.732 42.392 58.987 92.958 79.597 Financing Cost Laba Bersih 83.033 100.140 133.722 466.233 63.906 Net Income Jumlah Saham Beredar ribu lembar 5.838.500 5.838.500 7.298.500 7.298.500 7.298.500 Number of Shares Issued thousand shares Laba Bersih per Saham Dasar Rp 14 17 19 65 9 Basic Earnings per Share IDR NERACA BALANCE SHEETS Aset Lancar 835.284 994.492 1.619.482 2.548.026 2.040.659 Current Assets Aset Tetap - bersih 702.095 836.185 1.294.400 1.413.322 1.386.723 Property Equipment - net Jumlah Aset 1.808.610 2.159.405 3.317.816 4.207.629 3.678.566 Total Assets Kewajiban Lancar 736.231 918.095 1.163.382 1.660.411 1.271.960 Current Liabilities Kewajiban Tidak Lancar 178.588 277.169 522.342 622.965 456.448 Non - Current Liabilities Jumlah Kewajiban 914.819 1.195.264 1.685.724 2.283.376 1.728.408 Total Liabilities Hutang Berbunga 296.762 591.871 917.461 983.803 829.075 Interest Bearing Debt Ekuitas 879.408 948.901 1.613.833 1.909.678 1.937.289 Equity Modal Kerja - bersih 99.053 76.397 456.100 887.615 768.699 Working Capital - net Pengeluaran Modal 92.438 156.916 577.558 241.046 179.597 Capital Expenditure LAPORAN ARUS KAS STATEMENTS OF CASH FLOWS Kas Bersih dari Kegiatan Operasi 78.849 142.145 35.972 288.389 34.030 Net Cash from Operating Activities Kas Bersih untuk Kegiatan Investasi 29.307 126.713 549.049 320.030 100.502 Net Cash used in Investments Kas Bersih untuk Kegiatan Pendanaan 12.038 218.748 807.249 114.663 333.163 Net Cash from Financing Activities RASIO KEUANGAN FINANCIAL RATIO Margin Laba Operasi 6 7 7 8 3 Operating Profit Margin Margin Laba Bersih 4 5 5 13 2 Net Profit Margin Margin EBITDA 11 13 13 13 10 EBITDA Margin Rasio Lancar 113 108 139 153 160 Current Ratio Perputaran Total Aset 104 97 77 87 114 Total Asset Turnover Imbal Hasil Aset 5 5 4 11 2 Return on Asset Imbal Hasil Ekuitas 9 11 8 24 3 Return on Equity HutangEkuitas 0,34 0,62 0,57 0,52 0,43 Debt to Equity HutangTotal Aset 0,16 0,27 0,28 0,23 0,23 Debt to Total Asset HutangEBITDA 1,45 2,23 2,77 2,05 2,01 Debt to EBITDA EBITDABeban Bunga 5,28 6,26 5,61 5,16 5,18 EBITDA to interest expense Total KewajibanEkuitas 1,04 1,26 1,04 1,20 0,89 Total Liabilities to Equity Total KewajibanAset 0,51 0,55 0,51 0,54 0,47 Total Liabilities to Assets Dalam jutaan Rupiah, kecuali disebutkan lain Disajikan kembali Restated In millions IDR, unless otherwise stated IKHTISAR KEUANGAN Financial Highlights PT Elnusa Tbk 2010 Annual Report 7 10 09 08 07 06 10 09 08 07 06 10 09 08 07 06 63 4.211 3.662 2.543 2.104 1.878 64 466 134 100 83 134 276 180 144 115 IKHTISAR OPERASIONAL Operational Highlights Pendapatan Usaha Operating Revenues Jumlah Aset Total Assets Laba Usaha Operating Income Jumlah Kewajiban Total Liabilites Laba Bersih Net Income Jumlah Ekuitas Total Equity Jasa Hulu Migas Terintegrasi Integrated Upstream Oil Gas Services Jasa Hilir Migas Downstream Oil Gas Services Jasa Penunjang Hulu Migas Upstream Oil Gas Support Services Kontribusi Pendapatan Usaha 2010 Operating Revenue Contribution 2010 Dalam miliar Rupiah In billions IDR Dalam miliar Rupiah In billions IDR Dalam miliar Rupiah In billions IDR Dalam miliar Rupiah In billions IDR Dalam miliar Rupiah In billions IDR Dalam miliar Rupiah In billions IDR 06 07 08 09 10 4 52 44 862.810 765.592 249.579 1.073.089 805.880 224.721 1.676.040 570.514 297.359 2.275.854 1.060.517 325.960 2.193.709 1.859.959 157.118 10 09 08 07 06 10 09 08 07 06 10 09 08 07 06 3.679 4.208 3.318 2.159 1.809 1.728 2.283 1.686 1.195 915 1.937 1.910 1.614 949 879 Laporan Tahunan 2010 PT Elnusa Tbk 8 East Kalimantan South Kalimantan Central Kalimantan West Kalimantan West Java East Java Nanggroe Aceh Darussalam North Sumatera West Sumatera Riau Jambi Lampung South Sumatera G E O S C I E N C E S E R V I C E S GSC O I L F I E L D S E R V I C E S OFS O I L F I E L D S E R V I C E S OFS O I L F I E L D S E R V I C E S OFS O I L F I E L D S E R V I C E S OFS D R I L L I N G S E R V I C E S EDS G E O S C I E N C E S E R V I C E S GSC G E O S C I E N C E S E R V I C E S GSC Central Java G E O S C I E N C E S E R V I C E S GSC PETA OPERASI JASA HULU MIGAS TERINTEGRASI Operational Map of Integrated Upstream Oil and Gas Services G E O S C I E N C E S E R V I C E S GSC Client: PT Total EP Indonesie Project: 3D Transition Zone Seismic Data Acquisition Services Area: Central Tunu, East Kalimantan Client: JOB Pertamina - Talisman Project: 3D Land Seismic Data Acquisition Services Area: Prabumulih, South Sumatera Client: PT Pertamina EP Project: 3D Land Seismic Data Acquisition Services Area: Muara Enim, Palembang, South Sumatera Client: PT Pertamina EP Project: 2D Land Seismic Data Acquisition Services Area: Bandar Jaya Lampung, North Lampung Client: PT Pertamina EP Project: Hydraulic Workover Unit Services Area: Cirebon, West Java Client: PT Pertamina Gas Project: Installationinsertion of oil pipe Area: Tempino, Plaju, South Sumatera Client: Chevron Indonesia Company, Bermuda Project: Hydraulic Workover Unit Equipment and Services Area: Balikpapan, East Kalimantan Client: Pertamina Hulu Energy ONWJ Ltd., USA Project: Hydraulic Workover Unit Services and Vessels Area: Kep. Seribu North Jakarta Client: Lundin Rangkas BV, Belanda Project: 2D Land Seismic Data Acquisition Services Area: Rangkas, West Java D R I L L I N G S E R V I C E S EDS Client: KSO Pertamina EP- Benakat Barat Petroleum Project: Drilling Rig 550 HP Services Area: Pendopo, South Sumatera Client: PT Pertamina EP Project: Perforating, Data Processing EWLPP services Area: Karang Ampel, West Java G E O S C I E N C E S E R V I C E S GSC Client: JOB Pertamina - Medco Simenggaris Project: 2D Land Seismic Data Acquisition Services Area: Simenggaris, East Kalimantan PT Elnusa Tbk 2010 Annual Report 9 Southeast Sulawesi South Sulawesi West Papua North Sulawesi Peta Operasi Major Projects Divisi Geoscience Services GSC Peta Operasi Major Projects Divisi Drilling Services EDS Peta Operasi Major Projects Divisi Oilfield Services OFS O I L F I E L D S E R V I C E S OFS D R I L L I N G S E R V I C E S EDS G E O S C I E N C E S E R V I C E S GSC G E O S C I E N C E S E R V I C E S GSC Client: Chevron West Papua Ltd., Bermuda Project: 2D Transition Zone Seismic Data Acquisition Services Area: Karas dan Kaimana, West Papua Client: Murphy South Barito Ltd., Bahama Project: 2D Land Seismic Data Acquisition Services Area: Banjar Baru, East Kalimantan Client: Virginia Indonesia Company LLC, USA Project: Modular rig 1500 HP services Area: Badak, East Kalimantan D R I L L I N G S E R V I C E S EDS Client: Elnusa Bangkanai Energy Ltd., British Virgin Islands Project: Land Drilling Rig 2000 HP services Area: Bangkanai, Central Kalimantan Client: Chevron Makassar Ltd, Bermuda Project: Well Services Contract Hydraulic Workover Unit Equipment and Services Area: Makassar, South Sulawesi Laporan Tahunan 2010 PT Elnusa Tbk 10 South Kalimantan PETA OPERASI JASA PENUNJANG HULU MIGAS Operational Map of Upstream Oil and Gas Support Services Core Activities: Oil Gas Data Management and Storage Services Location: BSD Tangerang, Klayan-Cirebon, Prabumulih SIGMA CIPTA UTAMA PETA OPERASI JASA HILIR MIGAS Operational Map of Downstream Oil and Gas Services East Kalimantan Central Kalimantan West Kalimantan West Java East Java Nanggroe Aceh Darussalam North Sumatra Riau Jambi Lampung South Sumatra Central Java RITEL BAHAN BAKAR Business Unit: Kelola SPBU Client: Swasta Location: Bintaro, Tendean, Fatmawati Ancol, Sunter,Cisalam, Cikampek,Labuan TRADING Business Unit: Trading Chemical Client: Exxon Mobil Location: Cepu DEPOT Business Unit: Mobil Bunker Agent Client: Ritel Location: Tj. Mas - Semarang TRADING Business Unit: Trading Chemical Client: Elnusa Location: Benakat TRANSPORTATION Business Unit: Trans. pola All In Klien Client: Pertamina Location: Depot Kertapati DEPOT Business Unit: Depot sistem VHS Client: PT Lontar Papyrus Location: Jambi DEPOT Business Unit: Depot sistem VHS Client: PT TImah Location: Binyu dan Muntok TRANSPORTATION Business Unit: Trans. pola All In Client: Pertamina Location: Depot Dumai TRANSPORTATION Business Unit: Trans. pola All In Client: Pertamina Location: Depot Medan TRANSPORTATION Business Unit: Trans. pola Cost Fee APMS Client: Pertamina Location: Depot Pontianak TRADING Business Unit: Trading Industrial Fuel Client: Hutama Karya Location: Sabang DEPOT Business Unit: Depot sistem VHS Client: PT Arutmin Location: Senakin TRADING Business Unit: Trading Chemical Client: TAC PTM PAN Petalahn Location: Lepas pantai Kep. Natuna TRADING Business Unit: Trading BBM Industri Client: Holcim Location: Cikampek TRADING Business Unit: Trading Chemical Client: PTM UP VI Balongan Location: Balongan PT Elnusa Tbk 2010 Annual Report 11 Core Activities: Pipe Threading Service and Fabrication Location: Batam Core Activities: Oil and Gas Exploration and Production Data Processing and Storage Location: Jakarta PATRA NUSA DATA ELNUSA FABRIKASI KONSTRUKSI Southeast Sulawesi South Sulawesi West Papua North Sulawesi TRANSPORTATION Business Unit: Trans. pola All In Client: Pertamina Location: TT. Manggis TRANSPORTATION Business Unit: Trans. pola Cost Fee APMS Client: Pertamina Location: Depot Banjarmasin TRANSPORTATION Business Unit: Trans. pola Cost Fee Client: Pertamina Location: Depot Makassar TRADING Business Unit: Trading BBM Industri Client: Nippon Suisan Location: Ambon TRADING Business Unit: Trading BBM Client: Tri Kusuma Graha Location: Merauke Transportasi Depot Trading Ritel Bahan Bakar TRADING Business Unit: Trading BBM Industri Client: Elnusa Location: Samarinda TRANSPORTATION Business Unit: Trans. pola Cost Fee APMS Client: Pertamina Location: Depot Balikpapan TRANSPORTATION Business Unit: Trans. pola Cost Fee Client: Pertamina Location: Depot Bitung TRADING Business Unit: Trading BBM Client: Elnusa Location: Sorong Laporan Tahunan 2010 PT Elnusa Tbk 12 Februari February Melalui Divisi Drilling Services, Perseroan mendapatkan penghargaan 1 st winner of Housekeeping Rig Modular Rig dari VICO. Through Drilling Services Division, the Company won 1st Winner of Housekeeping Rig Modular Rig from VICO. Maret March KSO Pertamina EP - Patina Group Ltd memberikan penghargaan atas Excellent Safety Performance 267.264 man hours without LTI kepada Perseroan melalui Divisi Drilling Services . KSO Pertamina EP-Patina Group Ltd awarded the Company the Excellent Safety Performance over 267,264 man hours without LTI through Drilling Services Division. 31 Perseroan mendapat fasilitas kredit dari The Bank of Tokyo Mitsubishi UFJ Ltd BTMU senilai USD22,5 juta. The Company earned a credit facility of USD22.5 million from The Bank of Tokyo Mitsubishi UFJ Ltd BTMU. April April Kinerja saham ELSA pada posisi puncak sepanjang tahun 2010 pada level 650 dengan korelasi aktivitas rilis pemberitaan mengenai kinerja Perseroan 2009 Audit dan 1Q-2010 serta berita target penyelesaian transaksi saham ELSA oleh salah satu pemegang saham mayoritas. Performance of ELSA stock occupied peak position in 2010 at level of 650, correlated with news releases on the Company’s performance in 2009 Audited and 1Q-2010, also news on completion target of ELSA-stock transaction by one of the major shareholders. Mei May 12 Perseroan menandatangani konfirmasi penyelesaian transaksi dengan Eurorich Group Limited, untuk divestasi 25 saham milik Perseroan di dalam Elnusa Tristar Ramba Ltd. The Company signed confirmation on completion of transaction with Eurorich Group Limited, to divest 25 shares held by the Company in Elnusa Tristar Ramba Ltd. 12 Perseroan berhasil masuk jajaran Top 100 Emiten Terbaik versi Majalah Investor, tepatnya pada urutan ke 16. The Company was ranked 16 in the list of Investor Managazine’s Top 100 Best Listed Companies. Juni June 21 Perseroan mengadakan Rapat Umum Pemegang Saham Tahunan, juga terdapat keputusan mengenai susunan pengurus Perseroan yang baru. The Company held the Annual General Meeting of Shareholder with decision of new composition of the management. Juli July 5 Pergantian Pemegang Saham Mayoritas dan Pengendali, dari sebelumnya PT Tri Daya Esta kepada PT Benakat Petroleum Energy Tbk. yang memiliki 37,15 saham Perseroan. The change of Majority and Controlling Shareholder, from PT Tri Daya Esta to PT Benakat Petroleum Energy Tbk dominating 37.15 shares. 30 Saham ELSA berhasil mempertahankan untuk tetap berada dalam index LQ 45 periode Agustus 2010-Januari 2011. Indeks ini menunjukkan likuiditas perdagangan saham yang cukup tinggi dan diminati investor. ELSA stock succeeded to secure its position in LQ 45 index in the period of August 2010-January 2011. The index represents high stock trading liquidity and attractive for investors. Petrochina International Jabung, Ltd. Excellent HSE performance 4.987.071 man hours without LTI. Petrochina International Jabung, Ltd awarded the Excellent HSE Performance over 4,987,071 man hours without LTI. Agustus August Perseroan memperkuat sinergi dengan Pertamina Hulu untuk mengusung Indonesia Incorporated ke pasar internasional. The Company strengthened synergy with Pertamina Hulu to promote Indonesia Incorporated to international market. September September Perseroan melalui Divisi Geoscience Services berhasil memperoleh kontrak Proyek Transition Seismic Acquisition di area Blok Papua Barat. The Company through Geoscience Services succeeded to obtain Transition Seismic Acquisition project at West Papua Block. 20 Perseroan berpartisipasi pada “Indonesia’s Oil and Gas Seminar and Solo Exhibition ” di Shanghai, Cina, sebagai upaya membuka peluang dan mendorong kerjasama yang luas bagi para investor asing. The Company participated in Indonesia’s Oil and Gas Seminar and Solo Exhibition in Shanghai, China, in order to open opportuninities and encourage wide cooperation for foreign investors. PERISTIWA PENTING 2010 Significant Events 2010 22 September September 21 Juni June 31 Maret March PT Elnusa Tbk 2010 Annual Report 13 22 Elnusa meraih Annual Report Award ARA 2009 sebagai Pemenang Pertama kategori Perusahaan private , non-keuangan, listed. Elnusa won Annual Report Award ARA 2009 as the first winner in Category of private, non-financial, listed company. Oktober October 05 Perseroan mengadakan Vendor Relationship Event sekaligus melakukan Peluncuran ELSA e-Proc. The Company held a Vendor Relationship Event as well as launching of ELSA e-Proc. November November 04 Perseroan melalui Divisi Oilfield Services mendapat 3 tiga penghargaan dari Total EP Indonesie atas Elnusa Samudra-1 Slickline Boat, Elnusa Samudra-2 Snubbing Barge dan Snubbing Rig 16. The Company through Oilfield Services Division received 3 three awards from Total EP Indonesie for Elnusa Samudra-1 Slickline Boat, Elnusa Samudra-2 Snubbing Barge and Snubbing Rig 16. 11 Perseroan menandatangani perjanjian jual beli saham dengan Salamander Energy Group Limited dalam rangka penjualan 100 saham Perseroan di Elnusa Bangkanai Energy Ltd. The Company signed sell and purchase agreement with Salamander Energy Group Limited in the divestment of 100 shares of the Company in Elnusa Bangkanai Energy Ltd. 24 Tim “Drilling for Water” berhasil menuntaskan pemboran titik pertama di daerah Kalasan Yogyakarta, dan selanjutnya membantu tersedianya air bersih berkelanjutan dalam tugas kemanusiaan di kawasan pasca letusan Merapi. Drilling for Water team succeded to complete the drilling on first spot in Kalasan area Yogyakarta, and further helped provide sustainable clean water in humanitarian act in the post-Merapi explosion areas. Desember December 08 Perseroan melakukan Public Expose untuk memaparkan kinerja dan prospek bisnis ke depan. The Company conducted Public Expose to convey the business performance and prospect in the future. 09 Perseroan meraih penghargaan “ Terpercaya” dalam Corporate Governance Perception Index CGPI 2009 yang diselenggarakan oleh Indonesian Institute for Corporate Governance IICG dan Majalah SWA. The Company was recognized as Trusted” in Corporate Governance Perception Index CGPI 2009 held by Indonesian Institute for Corporate Governance IICG and SWA Magazine. 15 PT Patra Nusa Data PND salah satu anak perusahaan Perseroan, meluncurkan produk Inameta Platinum dengan akses informasi berbasis web, menggunakan teknologi Geographic Information System GIS. PT Patra Nusa Data PND, a subsidiary of the Company, launched Inameta Platinum product offering access to web-based information using Geographic Information System GIS technology. 22 Peresmian operasional Warehouse ELSA Utama di Sentul City yang memiliki konsep warehouse terpadu. The operational inauguration of the Main ELSA Warehourse in Sentul City, which promotes integrated warehouse. Aksi Hijau Perseroan untuk tahun 2011 dicanangkan dengan program “Derma 2011 Pohon” The Company’s Green Campaign for 2011 was launched under “Derma 2011 Tree” program. 24 Perseroan meresmikan selesainya pembangunan Well Testing Barge - ELSA 6 dan memberangkatkannya untuk dioperasikan di lapangan Total EP Indonesie selama 3 tahun. The Company officially launched the completion of contruction of Well Testing Barge - ELSA 6 and sent it off for operation in Total EP Indonesie’s field for three years. 24 November November 24 Desember December 11 November November 08 Desember D ecember 09 Desember D ecember Laporan Tahunan 2010 PT Elnusa Tbk 14 PENGHARGAAN 2010 Awards 2010 1 st Winner of Housekeeping Rig Rig EMR001 Dari: VICO 1st Winner of Housekeeping Rig Rig EMR001 From: VICO Excellent HSE Performance 267.264 man hours without LTI Dari: KSO Pertamina EP – Patina Group Excellent HSE Performance 267,264 man hours without LTI From : KSO Pertamina EP – Patina Group Pengelolaan K3LL dengan 1.500 pekerja untuk 5 juta jam kerja Dari: Pertamina Rengas Dengklok Excellent HSE Performance with 1,500 employees for 5 million man hours From: Pertamina Rengas Dengklok Excellent HSE Performance 645.687 man hours without LTI Dari: Pasir Petroleum Resources Ltd. Excellent HSE Performance 645,687 man hours without LTI From: Pasir Petroleum Resources Ltd. Excellent HSE performance 1.000.000 man hours without LTI Dari: Ranhill Jambi PTE Excellent HSE performance 1,000,000 man hours without LTI From: Ranhill Jambi PTE PT Elnusa Tbk 2010 Annual Report 15 Excellent HSE performance 4.987.071 man hours without LTI Dari: Petrochina International Jabung Ltd Excellent HSE performance 4,987,071 man hours without LTI From: Petrochina International Jabung Ltd Juara 1 Annual Report Award kategori private, non keuangan, listing company Dari: Bapepam-LK dan Bursa Efek Indonesia 1 st Winner of Annual Report Award for category of Private, Non-Financial, Listed Company From: Bapepam-LK and Indonesia Stock Exchange 1.000 days no LTI ELSA-1 Slickline Boat Dari: Total EP Indonesie 1,000 days no LTI ELSA-1 Slickline Boat From: Total EP Indonesie 1.000 days no LTI ELSA-2 Snubbing Barge Dari: Total EP Indonesie 1,000 days no LTI ELSA-2 Snubbing Barge From: Total EP Indonesie 3.000 days no LTI Rig 16 Snubbing Unit Dari: Total EP Indonesie 3,000 days no LTI Rig 16 Snubbing Unit From: Total EP Indonesie “Perusahaan Terpercaya” dalam Corporate Governance Perception Index 2010 Dari: Indonesian Institute for Corporate Governance IICG dan Majalah SWA “Trusted Company” in Corporate Governance Perception Index 2010 From: Indonesian Institute for Corporate Governance IICG and SWA Magazine Laporan Tahunan 2010 PT Elnusa Tbk 16 RINGKASAN AKSI KORPORASI Summary of Corporate Action Divestasi atas 25 kepemilikan saham Perseroan di Elnusa Tristar Ramba Ltd. Divestment of 25 Companys share ownership on Elnusa Tristar Ramba Ltd. Divestasi atas 100 kepemilikan saham Perseroan di Elnusa Bangkanai Energy. Divestment of 100 Companys share ownership on Elnusa Bangkanai Energy. 25 100 Sejalan dengan strategi Perseroan untuk meningkatkan profitabilitas dan pertumbuhan dengan fokus di Jasa Hulu Migas Terintegrasi serta melakukan pengembangan bisnis yang lebih bersinergi dengan bisnis utama, secara konsisten Perseroan melanjutkan aksi korporasi dalam rangka “re-arranging business portfolio”. Regarding the corporate strategies to increase growth and profitability with focus on Integrated Upstream Oil Gas Services as well as to develop business in synergy with core business, the Company consistently conducted corporate actions aiming at re-arraging business portfolio. PT Elnusa Tbk 2010 Annual Report 17 Setelah tahun lalu melakukan penjualan saham Perseroan pada perusahaan afiliasi yang bergerak dalam layanan direktori dan contact center, maka tahun ini Perseroan melakukan divestasi atas saham Perseroan yang terdapat dalam anak perusahaan dan afiliasi yang berada dalam kelompok usaha Asset Based, sebagai berikut:

1. Divestasi kepemilikan saham Perseroan pada Elnusa Tristar Ramba Ltd ETRL