1948 - 2024

Raisis Arifin Panigoro

Advisor of MedcoEnergi

It is with heavy heart that we announce the passing of Ibu Raisis Arifin Panigoro, MedcoEnergi's Advisor (2022 - 2024). Her service and contribution made her a role model for all of us.

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Login | Saturday, 13 April 2024 |


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

2022 Saturday, 31/12/2022 Finalized Corridor PSC acquisition from ConocoPhillips Indonesia and signed a Gas Sales Agreement with Gas Supply Pte Ltd. Singapore to continue supplying gas from the Corridor PSC. Completed progress on several development projects in the South Natuna Sea Block B PSC. The Hiu field was placed into service in June and first gas on Malong and Belida fields in December.
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.
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.
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