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Home > HCAS > HCAS_PUBS > HCAS_JOURNALS > TQR Home > TQR > Vol. 31 > No. 4 (2026)

 

Abstract

This study examines sustainability practices in Indonesia's drilling and oil field services (OFS) industry, addressing a critical research gap from a business and management perspective. Using a qualitative case study approach, ten in-depth interviews with industry leaders identified key performance variables and developed a sustainability model specifically designed for the OFS drilling sector. The findings highlight three core dimensions: Internal Variables (e.g., Employee Health and Safety, CSR Initiatives, ESG Performance, Cost Savings, Energy Efficiency, Carbon Footprint Reduction), External Variables (e.g., Green Financing, Stakeholder Engagement, Community Welfare), and Performance. Novel contributions include operationalizing advanced HSE technologies like cyber rigs and tailored cost-saving strategies such as local sourcing. The study underscores the interconnectedness of environmental, social, operational, and financial dimensions, emphasizing the need for a multifaceted sustainability approach to enhance industry resilience and meet global sustainability goals. This framework provides actionable insights for practitioners, policymakers, and researchers, advancing sustainability in high-impact industries.

Keywords

sustainability, oil drilling, fossil fuels, Indonesia, environmental, social, and Governance (ESG), case study

Author Bio(s)

Firmansyah Arifin (Corresponding Author) holds a bachelor's degree from Hasanuddin University in Naval & Marine Engineering, 1-year Professional program in Pertamina Corporate University, a master's degree from Gajah Mada University in MBA - Strategic Management, is currently pursuing a Doctoral program at the Bandung Institute of Technology with a focus on Business Sustainability, currently works as Vice President Marketing & Commercial in Pertamina group, possesses almost 20 years of expertise in the engineering, management, energy and oil & gas business, encompassing managerial roles, in addition to several other engagements such as lecturing, research and community outreach, as well as other endeavors associated with university and academia. Please direct correspondence to firmansyah_arifin@sbm-itb.ac.id

Sudarso Kaderi Wiryono is Professor on Business Risk and Finance Interest Group DR. Sudarso has been studying Finance since 1985, after completing his doctorate at the Institute Administration des Entreprise (IAE) Aix-en-Provence, Universite Aix Marseille III in France. He has taught Financial Management courses at the MBA-ITB Program since 1990, and previously taught at the Industrial Engineering S1 Program ITB in the Financial Analysis course, and S2-TMI ITB in the Financial Management course. Practical experience in handling companies, carried out in 1996 when he served as Director of PT Garuda Indonesia. Previously, from 1993 to 1996, he served as Head of the TU-BUMN Bureau of the Ministry of Transportation, which handled 18 SOEs within the Ministry of Transportation. After completing his assignment at PT. Garuda Indonesia in 1998.

Sylviana Maya Damayanti is Associate Professor in Digital Financial Literacy Maya obtained a Ph.D. degree from the Faculty of Economics, Doctorate of Business Management program at the University of Padjadjaran Bandung in 2015. She continued her education in the Executive Education Program at MIT Sloan, School of Management, USA, for Applied Business Analytics in 2020. She earned MBA degree from the Institut Teknologi Bandung majoring in Business Management in 2007 and immediately joined as the lecturer of the interest group of Business Risks and Finance School of Business and Management, Institut Teknologi Bandung (SBM-ITB).

Gatot Yudoko is Associate Professor on Operation and Performance Management Interest Group With education profile: 2000 Doctor (Research) in Planning University of Waterloo, Canada, 1993 Master in Management Science University of Waterloo, Canada, 1990 Master in Transportation Institut Teknologi Bandung , Indonesia, 1985 Bachelor in Industrial Engineering Institut Teknologi Bandung , Indonesia.

Acknowledgements

This study aims to contribute to the academic community and the oil field services sector in Indonesia and worldwide. Gratitude is extended to the interviewees who participated in the preparation of this research.

Publication Date

4-27-2026

Creative Commons License

Creative Commons Attribution-Noncommercial 4.0 License
This work is licensed under a Creative Commons Attribution-Noncommercial-Share Alike 4.0 International License.

ORCID ID

0009-0008-8570-562X

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