However, in 1960, PT PERMINA was restructured into a state-owned company known as PN PERMINA, as a realization of Government policy, whereby the party entitled to oil and gas exploration in Indonesia became the state.
Through a Government Regulation issued on 20 August 1968, PN PERMINA, which focused on production activities, was merged with PN PERTAMIN, which focused on sales and marketing, in order to combine limited manpower, capital, and resources at the time. The merged corporation was named PN Pertambangan Minyak dan Gas Bumi Nasional (National Oil and Gas Mining Company), Pertamina.
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