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Jakarta Post

Medco to resume operation in Libya next month

  • The Jakarta Post

Jakarta   /   Wed, September 21 2011   /  08:00 am

Indonesia’s largest private oil and gas company, PT Medco Energi Internasional (MEI), said on Tuesday that it would resume operations at an oil block called Area-47 in Libya next month.

MEI president director, Lukman Mahfoedz, told reporters that currently, the company had reopened its office in Tripoli, the country’s capital, and was in the process of contacting subcontractors to start the development of production facilities at the area.

“Our office in Libya has been opened. As many as 60 staffers have started working there. But, in the field [Area 47], we still have to call subcontractors first,” he reported on the sidelines of the Asia Pacific Oil & Gas Conference and Exhibition 2011 in Jakarta.

Despite delays due to the recent popular unrest in Libya, he insisted that there would be no need for the company to spend additional funds on the block.