MedcoEnergi Company News

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Medco Raises Offer for Ophir Takeover
Thursday, March 21, 2019 Indonesian company Medco has upped its takeover offer for London-based Ophir Energy.

MedcoEnergi Acquires ConocoPhillips' Stake in South Natuna Sea Block
Tuesday, September 20, 2016 MedcoEnergi inks agreement to acquire ConocoPhillips' stake in the South Natuna Sea Block B Production Sharing Contract (PSC) offshore Indonesia.

Pertamina's Upstream Arm Produces 15% More Oil, Gas Than Planned
Monday, September 19, 2016 Indonesia's Pertamina foreign upstream arm produces 15% more oil and gas than planned in the January-August period to about 120,600 boepd.

Indonesia's Small-Scale LNG Plans Face Several Challenges
Friday, April 15, 2016 Some analysts say small-scale LNG could be best for Indonesia, but one observer says it's more sensible to reform the gas sector.

JGC Clinches $240M EPC Contract to Build Gas Processing Plant in Aceh
Friday, April 01, 2016 JGC clinches $240 million engineering, procurement and construction contract from MedcoEnergi to build a gas processing plant in Aceh, Sumatra, Indonesia.

Indonesia Invites Bids for 3 Non-Conventional Blocks in Java, Kalimantan
Wednesday, November 04, 2015 Indonesia invites bids for three non-conventional oil and gas blocks in Java and Kalimantan.

PT Donggi Senoro LNG Ships First LNG Cargo to Arun Terminal in Sumatra
Monday, August 03, 2015 Indonesia's PT Donggi Senoro LNG ships its first liquefied natural gas cargo from Sulawesi, Indonesia to Arun LNG terminal in north Sumatra.

MedcoEnergi Inks Agreement to Sell Gas from Aceh's Block A to Pertamina
Wednesday, January 28, 2015 MedcoEnergi inks agreement to sell $2 billion of gas to Pertamina from Block A, Aceh, Indonesia.

MedcoEnergi Eyes 50% Contribution from Foreign Oil, Gas Projects by 2017
Friday, September 12, 2014 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.

British Oil Worker Kidnapped in Indonesia
Wednesday, June 12, 2013 Briton working for Medco Exploration and Production is kidnapped in the Aceh province of Indonesia.

MedcoEnergi Denies Intent to Sell Interests in Area 47, Libya
Wednesday, May 06, 2009 MedcoEnergi has no intention or plan to sell its participating interests in Area 47, the company's oil and gas asset located in Libya.

Medco Energi Snaps Up East Cameron Production Block in GOM
Tuesday, March 10, 2009 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.

Medco Energi Names Four New VPs
Monday, July 07, 2008 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.

High Performance Outdoor Wireless Links Oil Exploration Enterprise
Monday, April 21, 2008 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.

OMV, DNO Among Cos In Yemen Oil Production Sharing Pacts
Tuesday, April 15, 2008 OMV AG, DNO ASA and 11 other companies on April 14 signed production sharing agreements to develop seven oil and gas blocks in Yemen.

Lundin Takes a 34% Stake in Cambodia Block
Monday, October 29, 2007 Lundin Petroleum has acquired a 34% interest in Block E, offshore Cambodia, from Medco International Petroleum, Kuwait Energy Company KSCC and JHL Petroleum Ltd.

Medco Energi US Appoints New President
Thursday, September 27, 2007 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.

MedcoEnergi Encounters Gas at Brazos 437 #1 Well
Wednesday, May 02, 2007 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.

MedcoEnergi Logs Natural Gas Pay in the Gulf of Mexico
Friday, January 05, 2007 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.

Medco Energi US Awarded New Leases in the Gulf of Mexico
Wednesday, November 01, 2006 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.

Medco Energi Finds Natural Gas Offshore Texas
Wednesday, October 18, 2006 Medco Energi has discovered natural gas at Mustang Island 758 #1 offshore Texas in the Gulf of Mexico.

Medco Energi Successful Bidder in Gulf of Mexico Lease Sale
Friday, August 25, 2006 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.

MedcoEnergi Installs New Platform in East Cameron
Wednesday, July 19, 2006 MedcoEnergi US LLC has successfully set its first new platform and facility in the Gulf of Mexico in East Cameron Block 318.