1948 - 2024

Raisis Arifin Panigoro

Advisor of MedcoEnergi



It is with heavy heart that we announce the passing of Ibu Raisis Arifin Panigoro, MedcoEnergi's Advisor (2022 - 2024). Her service and contribution made her a role model for all of us.

Continue to website
Login | Friday, 29 March 2024 |

Extended Board of Director

Budi Basuki

COO Power & Mining

An Indonesian citizen, born in 1953.

Mr. Budi Basuki was appointed as Chief Operation Officer in May 2011. Previously, he was the President Director (2008-2011) and Operation Director (2003-2008) of PT Medco E&P Indonesia. In the period of 2001-2002 and 2000-2001, he served as West Operation VP and Oil Movement Manager respectively, also at PT Medco E&P Indonesia. After his graduation from Universitas Gadjah Mada with a degree in Mechanical Engineering in 1980, Mr. Basuki joined PT Stanvac Indonesia as Engineer (1981-2000). He is also a graduate of LPPM Prasetya Mulya, majoring in Management, and currently active in a number of organizations namely Society of Petroleum Engineer (SPE), Ikatan Ahli Teknik Perminyakan Indonesia (IATMI), and Indonesian Petroleum Association (IPA).

Faiz Shahab

Director of International E&P Operations and New Ventures

An Indonesian citizen, born in 1954

Faiz Shahab first joined the Company as Vice President – Project Development (2010-2011). His international experience in managing exploration and development assets in the Middle East and North Africa complements his 30-year career in the energy industry. Prior to being appointed as Chief Officer in Feb 2014, he was Chief Exploration & New Venture Officer since May 2011, Faiz Shahab served in various executive positions of several energy companies, including as President Director of PT Prime Petroservices (2008-2010); CEO, PT Indogas Kriya Dwiguna (2007-2010); Director & CEO, PT Energi Mega Persada Tbk. (2005-2007); Senior Vice President - Development, EMP Kangean Limited (2004-2005); Vice President - Java LNG, BP Indonesia (2002-2004); Vice President & General Manager, Lapindo Brantas Inc. (2000-2002); Engineer, Maintenance Superintendent, Engineering & Construction Manager, Vice President Field Support & HSE, VICO Indonesia (1983-2000); and Field Electrical Engineer, PT Purna Bina Indonesia (1981-1983). Graduated with a degree in Electrical Engineering, Bandung Institute of Technology, Bandung. He is also a Certified Project Management Professional.

Johannes Kustadi

Chief Business Support Officer

An Indonesian citizen, born in 1959.

He was appointed as Chief Business Support Officer in May 2011. Kustadi joined MedcoEnergi in 2005. He previously served as Financial Controller at BP Indonesia (2002 – 2005), Finance Manager at Gulf Indonesia Resources Ltd. (2000 – 2002), Business and Planning Manager at VICO Indonesia (1997 – 2000), Joint Venture Accounting Manager at VICO Services, Inc. – Houston, Texas (1995 – 1997), Controller and various positions at VICO Indonesia (1983 – 1995).

He received a Master of Business Administration in Finance from University of Houston-Texas, USA in 1997. Kustadi received a Bachelor degree in Accounting from Gadjah Mada University, yogyakarta in 1983.

Eka Satria

Director of Development

An Indonesian citizen, born in 1967.

Satria was appointed as Development Director in May 2011. Satria joined MedcoEnergi in 2008. He previously served as Vice President of Project Capability at PT Medco Energi Internasional Tbk (2008 – 2010), Senior Project Manager of Tangguh LNG Gas Processing Facilities (Papua) at BP Indonesia, as well as various positions at ARCO (1989 – 2000) as Project and Engineering professional for various offshore and onshore E&P projects and developments in Indonesia.

Satria participated in BP Executive Program – Major Project Leaders from the Massachusetts Institute of Technology (MIT), USA in 2004. He received a Master degree in Finance from the University of Indonesia in 2000. He received a Bachelor degree in Civil Engineering from the Bandung Institute of Technology (ITB), Indonesia in 1990.

Hartono Nugroho

Director of Production

An Indonesian citizen, born in 1959.

He was appointed as E&P Production Director in 2011. Previously he held a number of positions including General Manager of Rimau Asset (2008); Senior Manager Drilling (2005); Area Manager, SSE & Rimau Block (2002); Area Manager, Sangasanga (2001); Operation Superintendent, SSE & Rimau Block (1996); Operation Support Department Head (1995); Production Engineer (1990); and Drilling & wO/wS Engineer (1987). He graduated from California State University, USA, with a bachelor degree in Mechanical Engineering (1987).