PT Medco Energi

Recent Articles

Lundin Petroleum Sells Indonesian Upstream Assets to Medco for $22M
Friday, October 09, 2015 Lundin Petroleum sells its upstream assets in Indonesia to PT Medco Energi Internasional for $22 million.
Indonesia's Medco Gets Additional 25 Years to Operate Oman Oil Fields
Wednesday, April 29, 2015 Indonesia's PT Medco Energi Internasional says its unit has signed an amended agreement which allows it to operate the Karim oil fields in Oman for an additional 25 years.
Medco Energi Discovers Oil, Gas in Indonesia and Libya
Monday, September 29, 2014 PT Medco Energi makes gas discoveries at Hijau-2 well in Indonesia's South Sumatra and at O2 well in Area 47 in Libya.
Kidnapped British Worker Freed in Indonesia
Thursday, June 13, 2013 Kidnappers release a UK worker abducted from a Medco Energi well site in Indonesia.
Indonesian Parliament Rejects Pertamina's Push for Stake in Medco
Thursday, November 25, 2010 Indonesian parliament rejected Pertamina's plan to buy 27.9% stake in Medco, a law maker said.
CBM Asia Joins South Sumatra PSC
Monday, August 24, 2009 CBM Asia Development Corp. on Monday announced that it has signed a Letter of Intent ("LOI") with Batavia Energy Inc. to acquire 48 percent of South Sumatra Energy Inc.
Medco Energi Seeking Investors to Develop Libya Oil, Gas Field
Tuesday, November 18, 2008 PT Medco Energi Internasional is seeking investors from the Middle East to take part in the development of an oil and gas field in Libya.
Medco Appoints Senior VP of Exploration and Development
Wednesday, June 11, 2008 Medco Energi US has promoted John Young to the newly-created position of senior vice president of exploration and development, President Dale Wooddy announced.
PT Medco Tests Libyan Wildcat
Thursday, December 06, 2007 PT Medco Energi Internasional reports that the flow testing of the F1-47/02 new field wildcat exploration well was completed in early November.
North Sumatra Block-A Heads of Agreement
Friday, November 02, 2007 PT Medco E&P Malaka has signed a HoA for gas sales with PT Pupuk Iskandar Muda, which is located at the Province of Nanggroe Aceh Darussalam, to supply gas from Block A (PSC) to PIM-1 AND PIM-2 installations.
Mitsubishi Acquires Shares in PT. Medco Energi Internasional Tbk
Friday, August 24, 2007 Mitsubishi Corporation has agreed to indirectly acquire approximately 19.97% of the issued shares of Indonesia's PT. Medco Energi Internasional Tbk.
Medco Returns Camar to Production
Wednesday, May 23, 2007 After being shut down since Q3 2004, the Camar field in Bawean block, East Java, has resumed production in Q2 2007 starting at 1,000 BOPD.
Petrogas Decides Against Taking Sampang Stake
Friday, April 27, 2007 PT Petrogas Oyong Jatim, the company nominated by the Indonesian Government to take up a 10.0% undivided interest in the Sampang PSC (the "Interest") has decided not to acquire the interest, announced Singapore Petroleum Co. Limited (SPC).
BP Migas: Medco, Pertamina Must Submit New Senoro-Toili Plan
Wednesday, April 11, 2007 BP Migas wants Medco and Pertamina to submit a new plan of development for the Senoro-Toili block after changing the gas allocation, said Achmad Luthfi, Planning Deputy of the Indonesian upstream oil and gas supervisory agency.
Arrow Signs CBM Deal with Medco
Monday, March 12, 2007 Arrow Global CBM Pty Ltd (AGCBM) and PT Medco E&P Indonesia have signed a Letter of Understanding (LOU) for broad-ranging cooperation in Coal Bed Methane (CBM) in South Sumatra, Indonesia.
PT Medco Acquires 50% of ConocoPhillips' Aceh Block A
Wednesday, January 24, 2007 PT Medco Energi Internasional and its partner Premier Oil have signed a share sale and purchase agreement to obtain ownership of Block A PSC from ConocoPhillips.
Aban: Apexindo Talks Off with Medco
Friday, January 19, 2007 Aban Offshore Ltd said that negotiations related to its proposed acquisition of a stake in Indonesian drilling contractor Apexindo Pratama Duta Tbk have been terminated.
Medco Energi Increases Gulf of Mexico Position
Tuesday, December 19, 2006 PT Medco Energi Internasional Tbk through its subsidiary, Medco Energi US LLC, has closed the purchase of an additional lease in the Brazos Area of the Gulf of Mexico from Centaurus Gulf of Mexico, LLC.
PT Medco Energi Internasional Wins Two Blocks in Yemen
Monday, December 18, 2006 PT Medco Energi Internatsional Tbk has been awarded Blocks 82 and 83 in Yemen's Third International Bid Round conducted by the Ministry of Oil & Minerals in the Republic of Yemen.
PTTEP Expands Investment in Indonesia
Monday, November 27, 2006 PTTEP has signed a Farm-in/Farm-out Agreement for Block Bengara I with PT Medco E&P Bengara Company Limited on November 24, 2006.