MedcoEnergi

PT Medco Energi Internasional Tbk or MedcoEnergi is a public stock listed Indonesian oil and gas company. The company operates in Trading and Holding & Related Operations, Exploration for and Production of Oil & Gas, Power, Services, Chemicals and Rental of properties.[2]

PT Medco Energi Internasional Tbk

Type	Public
Traded as	IDX: MEDC
Industry	Oil and Gas, Power Generation, Coal Mining, Gas Pipeline, Drilling Services
Founded	9 June 1980
Headquarters	Jakarta, Indonesia
Key people	Hilmi Panigoro, President Director Roberto Lorato, CEO
Products	Crude Oil, Natural Gas, Electricity, Gold, Copper
Revenue	US $ 1,438.2 million (2019)[1]
Operating income	US $ 660 million (2019)[1]
Net income	US $ (27) million (2019)[1]
Total assets	US$ 6.006 billion (2019)
Total equity	US$ 1.356 billion (2019)
Number of employees	4,000 (2019)
Subsidiaries	Medco E&P Bengara Co., Ltd. Medco E&P Indonesia Medco E&P Malaka Medco, LLC Mitra Energi Batam Medco Energi Global Pte. Ltd. Ophir Indonesia Bangkanai Limited Medcopapua Industri Lestari Energi Prima Elektrika Medco Geothermal Sarulla Exspan Petrogas Intranusa Dalle Energy Batam Bio Jatropha Indonesia Medco Strait Services Pte Ltd. Medco Oman LLC Energi Listrik Batam Novus Petroleum Limited Medco E&P Rimau Medco E&P Lematang Medco Energi Mining Internasional Medco Downstream Indonesia Medco Kakap Holdings Pte. Ltd. Medco Tunisia Petroleum Limited MEI Euro Finance Limited Medco Natuna Pte. Ltd. Medco Madura Pty Ltd. Pembangkitan Pusaka Parahiangan Indonesia Medco E&P Madura Musi Banyuasin Energi Medco Geopower Sarulla Indonesia Medco International Services Pte., Ltd. Medco E&P Yapen Exspan Airlimau, Inc. Medco CB Finance B.V. Amman Mineral Investama Usaha Tani Sejahtera Medco Energi Nusantara Medco Energi US LLC Medco E&P Tuban Medco Daya Sentosa Medco Bawean (Holding) Pte. Ltd Medco E&P Tarakan Indonesia Novus Indonesia Brantas Co Novus Oil and Gas LP Medco Methanol Bunyu Medco E&P Nunukan Indonesia Mitra Energi Batam (MEB) Indonesia Medco Energi CBM Indonesia Exspan Exploration & Production Pasemah, Ltd Novus Petroleum Canada (Kakap) Ltd.
Website	www.medcoenergi.com

History

The company was founded by Indonesian businessman Arifin Panigoro in 1980 and is headquartered in Jakarta, Indonesian.[3][4] In October 2015, the company bought an interest in the Singa gas field in the Lematang Block located in South Sumatra for $22 million[5] and, in May 2019, the company acquired Ophir Energy in a deal valued at $517.6 million.[6]

Also in 2015, the company acquired the Lundin Petroleum AB's Indonesian Oil & Gas asset for $22 million.[7] Since 2020, the company is producing gas form the Meliwis Field, East Java.[8]

Overview of personnel

The group's current President Director is Hilmi Panigoro. Roberto Lorato serves as the group's Director and CEO.[9][10]

See also

• List of petroleum companies

References

1. "Annual Report 2018". MedcoEnergi. p. 19. Retrieved 23 May 2019.
2. "Medco Energi Internasional". marketwatch. Retrieved November 14, 2020.
3. "Medco Energi Lands on the Map As It Discovers New Frontiers". Wall Street Journal. 20 November 2007. Retrieved 23 May 2019.
4. "Moody's Affirms MedcoEnergi Rating B1 Amid the Oil Prices War". theinsiderstories. March 25, 2020. Retrieved November 14, 2020.
5. "Lundin sells Indonesian assets for $22M". Offshore Energy Today. 9 October 2015. Retrieved 23 May 2019.
6. "Medco completes Ophir acquisition". Offshore Magazine. Retrieved 23 May 2019.
7. "Medco buys Lundin's Indonesian business". ogj. October 9, 2015. Retrieved November 14, 2019.
8. "Medco starts producing gas from Meliwis field". idnfinancials. July 20, 2020. Retrieved November 16, 2020.
9. "PT. Medco Energi Internasional Tbk". idnfinancials. Retrieved November 16, 2020.
10. "Roberto Lorato". oilandgascouncil. Retrieved November 16, 2020.

External links

• Medcoenergi website