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History
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
2023
Sunday, 31/12/2023
Acquisition of Oman Block 60 and 48 and the Corridor PSC amendment from Gross Split to Cost Recovery. Successful Amman Mineral Internasional (AMMN-IDX) Initial Public Offering.
2022
Saturday, 31/12/2022
Successful acquisition of Corridor and completion of several projects, such as Hiu and Belida Extension in the Oil & Gas segment and Riau CCPP and Sumbawa Solar PV in the Power segment.
2021
Friday, 31/12/2021
Obtained license extension to manage the Senoro-Toili PSC for 20 years from 2027 to 2047 and signed a SPA to acquire ConocoPhillips Indonesia's assets.
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.
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