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MedcoEnergi Company News
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Medco Raises Offer for Ophir Takeover
Indonesian company Medco has upped its takeover offer for London-based Ophir Energy.
8:00 PM EST | March 20, 2019
MedcoEnergi Acquires ConocoPhillips' Stake in South Natuna Sea Block
MedcoEnergi inks agreement to acquire ConocoPhillips' stake in the South Natuna Sea Block B Production Sharing Contract (PSC) offshore Indonesia.
8:00 PM EST | September 19, 2016
Pertamina's Upstream Arm Produces 15% More Oil, Gas Than Planned
Indonesia's Pertamina foreign upstream arm produces 15% more oil and gas than planned in the January-August period to about 120,600 boepd.
8:00 PM EST | September 18, 2016
Indonesia's Small-Scale LNG Plans Face Several Challenges
Some analysts say small-scale LNG could be best for Indonesia, but one observer says it's more sensible to reform the gas sector.
8:00 PM EST | April 14, 2016
JGC Clinches $240M EPC Contract to Build Gas Processing Plant in Aceh
JGC clinches $240 million engineering, procurement and construction contract from MedcoEnergi to build a gas processing plant in Aceh, Sumatra, Indonesia.
8:00 PM EST | March 31, 2016
Indonesia Invites Bids for 3 Non-Conventional Blocks in Java, Kalimantan
Indonesia invites bids for three non-conventional oil and gas blocks in Java and Kalimantan.
7:00 PM EST | November 03, 2015
PT Donggi Senoro LNG Ships First LNG Cargo to Arun Terminal in Sumatra
Indonesia's PT Donggi Senoro LNG ships its first liquefied natural gas cargo from Sulawesi, Indonesia to Arun LNG terminal in north Sumatra.
8:00 PM EST | August 02, 2015
MedcoEnergi Inks Agreement to Sell Gas from Aceh's Block A to Pertamina
MedcoEnergi inks agreement to sell $2 billion of gas to Pertamina from Block A, Aceh, Indonesia.
7:00 PM EST | January 27, 2015
MedcoEnergi Eyes 50% Contribution from Foreign Oil, Gas Projects by 2017
MedcoEnergi expects its foreign oil and gas projects to account for half the firm's production and revenue by the end of 2017, a company executive told a local daily.
8:00 PM EST | September 11, 2014
British Oil Worker Kidnapped in Indonesia
Briton working for Medco Exploration and Production is kidnapped in the Aceh province of Indonesia.
8:00 PM EST | June 11, 2013
MedcoEnergi Denies Intent to Sell Interests in Area 47, Libya
MedcoEnergi has no intention or plan to sell its participating interests in Area 47, the company's oil and gas asset located in Libya.
8:00 PM EST | May 05, 2009
Medco Energi Snaps Up East Cameron Production Block in GOM
Medco Energi has purchased East Cameron Block 316 in the Gulf of Mexico from ERT for $18 million. The acquisition will increase production by 10 million cubic feet of gas per day.
8:00 PM EST | March 09, 2009
Medco Energi Names Four New VPs
Medco has appointed Daniel Fruge as VP and CFO; Steve Goff as VP of Petroleum Engineering; Gary Johnson as VP of Production Operations; and Ted Russell as VP of Drilling and Capital Projects.
8:00 PM EST | July 06, 2008
High Performance Outdoor Wireless Links Oil Exploration Enterprise
Medco wished to establish a reliable and robust wireless network capable of seamlessly connecting the rigs to the main camp office for the transmission of sensitive drilling data, Internet, email and providing for future voice and video.
8:00 PM EST | April 20, 2008
OMV, DNO Among Cos In Yemen Oil Production Sharing Pacts
OMV AG, DNO ASA and 11 other companies on April 14 signed production sharing agreements to develop seven oil and gas blocks in Yemen.
8:00 PM EST | April 14, 2008
Lundin Takes a 34% Stake in Cambodia Block
Lundin Petroleum has acquired a 34% interest in Block E, offshore Cambodia, from Medco International Petroleum, Kuwait Energy Company KSCC and JHL Petroleum Ltd.
8:00 PM EST | October 28, 2007
Medco Energi US Appoints New President
Medco Energi has appointed L. Dale Wooddy III as its new president. Wooddy, a former Chevron and Ocean Energy executive has nearly 30 years of international and domestic oil and gas related experience.
8:00 PM EST | September 26, 2007
MedcoEnergi Encounters Gas at Brazos 437 #1 Well
MedcoEnergi has completed testing at the Brazos 437 #1 well in the Gulf of Mexico. The test showed an estimated 55 feet of net natural gas pay from multiple zones in the middle Miocene Rob-L and Rob-M series sands.
8:00 PM EST | May 01, 2007
MedcoEnergi Logs Natural Gas Pay in the Gulf of Mexico
MedcoEnergi US recently logged two primary pay sands with a combined 25' TVT (Total Vertical Thickness) of natural gas pay in the East Cameron 318 B-4 well.
7:00 PM EST | January 04, 2007
Medco Energi US Awarded New Leases in the Gulf of Mexico
Medco Energi US says that the MMS has accepted its bids for all three of the blocks it bid for at the August 16, 2006 Western Gulf of Mexico OCS Oil and Gas Lease Sale 200 and has awarded leases accordingly.
7:00 PM EST | October 31, 2006
Medco Energi Finds Natural Gas Offshore Texas
Medco Energi has discovered natural gas at Mustang Island 758 #1 offshore Texas in the Gulf of Mexico.
8:00 PM EST | October 17, 2006
Medco Energi Successful Bidder in Gulf of Mexico Lease Sale
PT Medco Energi International's subsidiary, Medco Energi US LLC, has successfully submitted bids for Brazos Area Blocks 435, 493 and 514, in the Western Gulf of Mexico Lease Sale 200 held by the MMS.
8:00 PM EST | August 24, 2006
MedcoEnergi Installs New Platform in East Cameron
MedcoEnergi US LLC has successfully set its first new platform and facility in the Gulf of Mexico in East Cameron Block 318.
8:00 PM EST | July 18, 2006