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Medco-Energi-Internasional

Medco cuts capex and production over oil price crash
Business 5 years ago

Medco cuts capex and production over oil price crash

Publicly listed oil and gas company PT Medco Energi Internasional has slashed its capital expenditure and production targets this year because of weakened global investment and demand caused by the recent oil price crash.
Medco to buy back shares worth $3m amid market rout
Business 6 years ago

Medco to buy back shares worth $3m amid market rout

Oil company Medco Energi Internasional plans to buy back US$3 million in shares over the next four months.
Medco Energi to offer Rp 1.5t in bonds to refinance debt
Business 6 years ago

Medco Energi to offer Rp 1.5t in bonds to refinance debt

The company will issue Rp 1.5 trillion (US$ 110.15 million) in bonds in its third round of shelf-registration bonds.
Indonesia’s Medco Energi produces first oil from field in Thailand
Business 6 years ago

Indonesia’s Medco Energi produces first oil from field in Thailand

Indonesian oil company Medco Energi Internasional is producing an initial 12,900 barrels of oil per day (bopd) from its offshore Bualuang oil field in Thailand.
Medco E&P's Temelat gas field goes onstream in South Sumatra
Business 6 years ago

Medco E&P's Temelat gas field goes onstream in South Sumatra

Medco E&P has sent its first gas from the onshore Temelat Field in South Sumatra, providing a boost to national gas production.
Medco E&P to begin production at Temelat gas block in South Sumatra next month
Business 6 years ago

Medco E&P to begin production at Temelat gas block in South Sumatra next month

The government expects the Temelat gas field in South Sumatra to begin production in early December, one month behind schedule.
Eleven oil and gas projects to go on stream this year
Business 6 years ago

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Eleven oil and gas projects to go on stream this year

Three oil and gas projects went on stream by September and another eight projects are expected to begin production in the fourth quarter of this year.
Medco looks for strategic investors to support power plant development
Business 6 years ago

Medco looks for strategic investors to support power plant development

PT Medco Energi Internasional plans to sell shares of its subsidiary PT Medco Power Indonesia (MPI) as a part of its strategy to reorganize its portfolio and strengthen power plant development.
Medco concludes Ophir Energy acquisition
Business 6 years ago

Medco concludes Ophir Energy acquisition

Energy company PT Medco Energi Internasional announced on Wednesday that it had completed its acquisition of London-based Ophir Energy.
Medco to spend up to $24.7m for enhanced oil recovery at Rimau Block
Business 7 years ago

Medco to spend up to $24.7m for enhanced oil recovery at Rimau Block

Local energy company PT Medco E&P Rimau, a subsidiary of oil and gas giant PT Medco Energi Internasional, will allocate up to 60 percent of the US$41.3 million from its working commitment scheme (KKP) for enhanced oil recovery at Rimau Block in South Sumatra.
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