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 | Wednesday, 29 November 2023 |

MedcoEnergi AGMS & EGMS Continue to Deliver Energy in the Challenging Year of Oil and Gas Industry

Media Release


MedcoEnergi AGMS & EGMS Continue to Deliver Energy in the Challenging Year of Oil and Gas Industry

Jakarta, 30 June 2016 - PT Medco Energi Internasional Tbk ("MedcoEnergi" or the "Company") yesterday held the Annual General Meeting of Shareholders (AGMS) and an Extraordinary General Meeting of Shareholders (EGMS). 

The AGMS approved the 2015 Annual Report and 2015 Audited Consolidated Financial Statements of the Company, appointed Independent Public Accountants who will audit the Company’s Financial Statement for the year ended 31 December 2016, fixed the remuneration of the BOD and the BOC for the period of January – December 2016 and elected the Board of Commissioners and Board of Directors.

MedcoEnergi released its 2015 financial results on March 31st and a copy of the Press Release is available on its website.

At the EGMS the Shareholders also approved the implementation of a Management, Director and Employee Stock Ownership Program with share allocations from existing Treasury shares.  With this Program the Company will aim to align the interests and motivation of Shareholders, Directors and Employees of the Company.

On 30 June 2016 the Company  released its Q1 Audited Financial Results.  A copy of the Press Release is reproduced below and is also available on the Company’s website.

MedcoEnergi CEO Roberto Lorato said "As we know 2015 was a difficult year but we have made a strong start to 2016 with the release of our 2016 Q1 results.   I am also very pleased by the strong support demonstrated by our Shareholders towards our efforts to make MedcoEnergi and ever stronger and more competitive company.”