1945 - 2022

Dr. Ir. H. Bambang Subianto

Independent Commissioner of MedcoEnergi

It is with heavy heart that we announce the passing of Bapak Dr. Ir. H. Bambang Subianto, MedcoEnergi's Independent Commissioner (2015 - 2022).
His service and contribution made him a role model for all of us.

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Login | Thursday, 01 December 2022 |


Our Journey

Highlights of our journey of growth from a drilling company to become one of the leading oil and gas company in Southeast Asia.

Latest Update

2020 Thursday, 31/12/2020 MedcoEnergi celebrates its 40th anniversary, weathers the challenges posed by the COVID-19 pandemic and the collapse of oil prices and energy demand.
2019 Tuesday, 31/12/2019 MedcoEnergi expanded its oil & gas business portfolio with the acquisition of Ophir Energy plc, to become a leading energy and natural resources in Southeast Asia.
2018 Friday, 28/12/2018 Received a 20-year of contract extension until 2042 for Tarakan Block, and until 2043 for Rimau Block; Commercial operation of the third unit of Sarulla Geothermal Power Plants
2017 Thursday, 30/11/2017 Completed 3:1 rights issue in December raising Rp2.64 trillion in proceeds; Acquired a controlling interest in Medco Power Indonesia with total shareholdership of 88%
2016 Thursday, 17/11/2016 Acquired an indirect ownership in a copper and gold mining company, Amman Mineral Nusa Tenggara; Acquired 40% Operatorship in the South Natuna Sea Block B
2015 Friday, 05/06/2015 Signed a gas supply agreement for Block A PSC gas with Pertamina with the agreed gas price of US$ 9.45/MMBTU; Received an additional 25 years of operation in Karim Small Fields, Oman
2014 Thursday, 20/11/2014 Acquired eight oil and gas working areas in Tunisia, through an acquisition of Storm Venture International (Barbados) Ltd.
2013 Wednesday, 31/07/2013 Secured project financing for Senoro for US$ 260 million; Completion asset swap with Salamander for Bangkanai with Simenggaris and Bengara.
2012 Friday, 28/12/2012 Acquired Malik Block 9, Yemen; Maiden shipment of 38,000 tons of coal; PROPER Gold for Rimau Block for two consecutive years
2011 Friday, 30/12/2011 Received commerciality approval for Area 47, Libya
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