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Media Release

2017-03-27

MedcoEnergi Acquired INPEX’s Interest in South Natuna Sea Block B

Jakarta, March 27, 2017 – PT Medco Daya Sentosa a subsidiary of Medco Energi Internasional Tbk has signed a Sale and Purchase Agreement (“SPA”) to acquire INPEX Natuna Ltd. (“INL”), a wholly owned subsidiary of INPEX Corporation (“INPEX”) which holds 35% non-operating interest in South Natuna Sea Block B PSC (“SNSB”).

MedcoEnergi acquired the 40% Operating interest in the South Natuna Sea Block B PSC in November 2016. Hilmi Panigoro said that the latest acquisition demonstrated continued confidence in the long term future of the asset.