Executive Summary

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PSI Drilling was founded in Balikpapan, Indonesia on 4th July 2004, and currently has over 300 employees including more than 15 Australian expats located in the field, Balikpapan workshop and corporate office.

PT. Parts Sentra Indomandiri, while supporting blast hole contractors in Kalimantan Indonesia, established itself as a labour hire company for maintenance personnel and also as a distributor of various drilling solution products.

In 2006 PSI Drilling started with one Hydco RC drill rig working between Archipelago Resources Toka Tindung mine and Avocet on the Lanut mine and surrounding exploration leases and has grown since then to a fleet of 30 Drill Rigs, 18 Rod Carriers, 8 Compressor/Boosters, 10 x four wheel drive tractors, a number of telehandlers, and supported by a number of light vehicles, buses and trucks, a workshop facility in Balikpapan, site workshops and messing buildings at various mine sites.

PSI Drilling has grown to become one of South East Asia’s larger mid size drilling companies. With gross revenue of approximately $26 million USD in 2013 and a strong balance sheet, PSI is more than capable of undertaking most contracts that are presented to us. We have the resources, financial stability and expertise to undertake drilling programs at a level that consistently delivers above the expectations of the client.

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