1945 - 2022

Dr. HC. Ir. H. Arifin Panigoro bin Yusuf Panigoro

Medco Group Founder

It is with heavy heart that we announce the passing of our Company's Founder. He was a prominent and visionary figure of inspiration to us and to the Company. Not only he was passionate in what he did, he was also a dedicated man of honor to the nation and the country. May his legacy always live in the Company's soul and activities.

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Login | Tuesday, 17 May 2022 |

Media Release


MedcoEnergi Successfully Closed Trading Period of 2020 Rights Issue

Jakarta, 25 September 2020, PT Medco Energi Internasional Tbk1 announces that it has successfully closed its 2020 Rights Issue trading period. Initial subscriptions were received from 98% of shareholders, who oversubscribed by 43%. The IDR 1,785 billion (~US$122 million) proceeds will be used for General Corporate Purposes and working capital. Further details are available in the Prospectus and newspaper disclosures.

Hilmi Panigoro President Director of MedcoEnergi said, ”I would like to extend my warmest thanks to the shareholders, investors, regulators and other stakeholders for their trust and confidence in our business plan as we continue to build shareholder value. The Rights Issue pricing allowed shareholders to share in the Company‘s recent successes and has strengthened Medco‘s capital structure ahead of the continuing uncertain times ahead”.

1PT Medco Energi Internasional (“Medco”, “MedcoEnergi” or "Company")