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Peraturan Menteri Energi dan Sumber Daya Mineral (Permen ESDM) Nomor 2 Tahun 2023 tentang Penyelenggaraan CCS/CCUS pada Kegiatan Usaha Hulu Minyak dan Gas BumiRegulations of the Minister of Energy and Minerals Recources (Permen ESDM) No 2 Year 2023 regarding the Implementation of CCS/CCUS in Upstream Oil and Gas Business ActivitiesQualitative impact to the company:The development of CCS/CCUS (Carbon Capture and Storage/Utilization) programs in upstream oil and gas businesses has significant qualitative impacts , including:1. Improved Environmental Sustainability: The use of CCS/CCUS technology can improve environmental sustainability by reducing greenhouse gas emissions from upstream oil and gas operations. It helpsmaintain air quality, mitigate the effects of climate change, and preserve the natural environment.2. Regulatory Compliance: Adopting CCS/CCUS can help upstream oil and gas companies meet therequirements of increasingly stringent environmental regulations. This can improve the company%u2019sreputation and reduce the risk of fines or legal sanctions for regulatory violations.3. Technological Innovation: The development and application of CCS/CCUS technology encouragesinnovation in the oil and gas industry. This can create new opportunities for technology developmentand improved operational efficiency.4. Market Development: CCS/CCUS adoption can open up new markets for technologies and servicesrelated to carbon capture, storage, and utilization. This creates new business opportunities forupstream oil and gas companies and other industry partners.5. Changes in Public Perception: Taking steps to reduce the environmental impact of oil and gasoperations can change public perception of the industry. The development of CCS / CCUS programs can help improve the company%u2019s image in the eyes of the public.6. Partnership and Collaboration: The development of CCS/CCUS programs requires cooperationbetween government, industry, and other stakeholders. This encourages the formation of strongpartnerships and cross-sector collaboration to achieve the common goal of reducing carbon emissions.7. Enhanced Energy Security: Diversifying the energy portfolio by adopting CCS/CCUS technologycan improve a country%u2019s energy security. This helps reduce dependence on traditional fossil fuels andimproves energy security.8. Research and Development: Investment in the development of CCS/CCUS programs can alsostrengthen research and development capacity in the face of global environmental challenges. Thiscreates an opportunity to continuously improve technology and best practices in the oil and gasindustry.These qualitative impacts show that the development of CCS/CCUS programs in upstream oil and gas businesses not only has an impact on environmental and technological aspects, but also affects social, economic, and policy aspects more broadly.With the issuance of the Minister of Energy and Mineral Resources, it is the basis for PHE in supporting the energy transition of the Government of Indonesia through the implementation of CCS / CCUS which is also one of the decarbonization implementation strategies in Pertamina%u2019s Net Zero Commitment. CCS / CCUS is a new business activity, so PHE intensely coordinates and allignment with the Regulator both in terms of rules and technicalities274 Laporan Tahunan %u2022 PT Pertamina Hulu EnergiPEMBAHASAN DAN ANALISIS MANAJEMENMANAGEMENT DISCUSSION AND ANALYSIS 4 5 6 7