In 2025, Pertamina Hulu Energi (PHE) partnered with Rystad Energy Advisory to strengthen its debut in international capital markets. As Indonesia’s leading upstream oil and gas company, PHE faced the challenge of introducing itself to global investors and building trust around its competitive positioning and ESG credentials. With Rystad Energy’s independent analysis forming a data-driven investor report, PHE secured strong market confidence, achieving the largest Indonesian corporate bond issuance since 2022 at USD 1 billion, 2.4x oversuscribed. Discover how PHE leveraged Rystad Energy Advisory’s expertise to deliver a successful capital raise in our latest case study