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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MedcoEnergi Results of Bondholder's Meeting

Media Release


MedcoEnergi Results of Bondholder's Meeting

Jakarta, 17 July 2018 - PT Medco Energi Internasional Tbk ("MedcoEnergi" or the "Company") held Bondholder Meetings (“Meeting”) on Monday 16th and Tuesday 17th July 2018.

The meeting was held to approve the alignment of Medco Energi Internasional Shelf-Registered IDR Bond II Trust Deed with other instruments. With the amendment, the Company will maintain a Debt to Equity ratio of no more than 3:1; and EBITDA to Net Financial Charges ratio not less than 1:1.

Roberto Lorato, Director and CEO of PT Medco Energi Internasional Tbk, said "This is an administrative change and we are grateful to bondholders for their approval. The commodity price environment remains strong and with Sarulla unit III and our Aceh project ramping up production we have strong operating cash flows. With the approvals from the Meetings we expect to continue the steady improvement in our capital structure and operating performance.”