PT Bormindo Nusantara ("Bormindo") was founded in 1981 as a national oil drilling contractor. Its first rig was a 350HP Frank Cabot 658, which served under a one-year contract in West Java In 1984, new shareholders joined Bormindo to strengthen the company.

Caltex Pacific Indonesia, the largest oil producer in Indonesia, awarded a five year contract to Bormindo to provide three rigs for drilling and work-over services Bormindo was one of the first drilling companies awarded with ISO 9001 certification from Bureau Veritas Quality International (BVQI), an international certification body. Bormindo has grown into a benchmark for onshore oil drilling and work-over services companies in Indonesia. As of 2006, the company's fleet had grown to 10 onshore rigs, representing approximately 8% of available rigs in Indonesia.