1945 - 2022

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

Medco Group Founder

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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 Awarded USD 24 Million Arbitration Award

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Media Release

2017-05-23

MedcoEnergi Awarded USD 24 Million Arbitration Award

Jakarta 23 May 2017 – PT. Medco Energi Internasional Tbk (“MedcoEnergi”) announced today that an UNCITRAL Arbitration Tribunal has awarded its Singapore based wholly-owned subsidiary Medco Strait Services Pte Ltd (“MSS”) approximately US$ 24 million pursuant to its claims against Singapore Petroleum Ltd. and Cue Energy Pty Ltd.  

 

Roberto Lorato, CEO of MedcoEnergi commented “We are pleased with the arbitration tribunal award which confirms our position as having acted in good faith and in full adherence to our contractual obligations”.  

Company Disclosures