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Laporan ManajemenManagement ReportProfil PerusahaanCompany ProfileAnalisa & Diskusi ManajemenManagement Discussion & AnalysisIkhtisar 20202020 HighlightsPT Pertamina Hulu Energi2020 Laporan Tahunan TerintegrasiIntegrated Annual Report 54Secara kumulatif, pertumbuhan ekonomi Indonesia tahun 2020 dibandingkan dengan tahun 2019 mengalami kontraksi sebesar 2,07%. Sejalan dengan kondisi global, gejolak yang terjadi di Indonesia juga bersumber dari permasalahan kesehatan dan kemanusiaan, yang kemudian merambat ke aspek ekonomi. Selama tahun 2020, kontraksi perekonomian terdalam di Indonesia terjadi pada kuartal II yang mencapai 5.32% (year-onyear).Tindakan Pemerintah dalam menekan laju penyebaran Covid-19 dengan menerapkan kebijakan Pembatasan Sosial Berskala Besar (PSBB), menjadi salah satu faktor pendorong penurunan kinerja perekonomian. Kebijakan ini secara signifikan menurunkan mobilitas manusia serta aktivitas barang dan jasa.Kegiatan konsumsi, investasi, transportasi, pariwisata, produksi, dan keyakinan pelaku ekonomi menurun sangat signifikan dan mendorong perekonomian turun lebih dalam. Sejalan dengan perkembangan perekonomian global, pada semester II 2020 perbaikan ekonomi Indonesia secara bertahap mulai berjalan dengan stabilitas yang terjaga. Hal ini didorong adanya sinergi antar pemangku kebijakan melalui berbagai langkah penguatan dan luar biasa untuk mengatasi dampak Covid- 19.ANALISIS KINERJA TAHUN 2020Tahun 2020 merupakan tahun yang sulit bagi seluruh pelaku usaha, khususnya di hulu migas. Selain karena dampak pandemi Covid-19, industri migas juga dibayangi oleh turunnya harga minyak dunia. Namun berkat usaha seluruh jajaran kinerja Direksi dan segenap manajemen yang berhasil mengimplementasikan strategi unggulan, Perseroan berhasil mencapai targettarget yang telah ditetapkan dalam Rencana Kerja dan Anggaran Perusahaan (RKAP). Selain implementasi kebijakan yang unggul, Manajemen juga terus melakukan efisiensi di segala bidang guna mendukung kebutuhan pengembangan bisnis dan usaha Perseroan.In cumulative, Indonesia%u2019s economic growth in 2020 compared to 2019 experienced a contraction of by 2.07%. In line with global conditions, the turmoil that occurred in Indonesia also from health and humanitarian issue, and spread to the economic aspect. During 2020, the deepest economic contraction in Indonesia occurred in the second quarter reached by 5.32% (year-on-year).Government action to reduce the spread of Covid-19 by implementing Large-Scale Social Distancing (PSBB) policy has become one of factors the decrease of economic performance. This policy significantly reduces human mobility as well as goods and service activities.Consumption activities, investment, transportation, tourism, production, and the confidence of economic actors decreased significantly and pushed the economy down further. In line with the development of the global economy, in semester II 2020 the improvement of the Indonesia economy gradually began with maintain the stability. This is driven by the synergy between policy makers through various strengthening and extraordinary steps to over come the impact of Covid-19.PERFORMANCE ANALYSIS IN 20202020 is a difficult year for all business actors, especially in the upstream oil and gas sector. Apart from the impact of the Covid-19 pandemic, the oil and gas industry was also overshadowed by the decline in world oil prices. However every efforts of all performance levels of the Board of Directors and all management who have successfully implemented superior strategies, the Company has succeeded in achieving the targets set in the Company Work Plan and Budget (RKAP). Apart from implementing superior policies, the Management also continues to make efficiency in all areas to support the needs of the Company business and business development.Laporan direksiBoard of Director%u2019s Report