PT Medco Energi Internasional Tbk Type Public IDX: MEDC Industry Oil and Gas, Downstream-LPG Plant, Ethanol Plant, Trading & Disttribution, Power Generation-IPP, O&M Services, Project Management, EPC Founded 9 June 1980 Headquarters The Energy Building in Jakarta, Indonesia Key people Arifin Panigoro, Founder
Hilmi Panigoro, Chairman
Lukman Mahfoedz, President Director & CEO
Syamsurizal Munaf, Corporate Finance Officer
Frila B. Yaman,Corporate Operations Officer
Akira Mizuta, Corporate Planning Officer
Dasril Dahya, Corporate Human Capital Officer
Budi Basuki, COO Power, Mining & Downstream
Faiz Shahab, Chief Exploration & New Ventures Officer
Hartono Nugroho, Production Director Oil&Gas
Eka Satria, Development Director Oil&Gas
Johannes Kustadi, Chief Business Support Officer
Products Crude Oil, Natural Gas, LPG, Electricity Website www.medcoenergi.com
MedcoEnergi, short for PT Medco Energi Internasional Tbk, is an Indonesian energy company that was founded on June 9, 1980. Started as drilling contractors, MedcoEnergi has transformed into an integrated energy company with business involvement in oil and gas exploration and production, downstream and power generation.
MedcoEnergi has the right to explore for and produce oil and gas under 15 different production sharing arrangements with BP Migas, Indonesia's national upstream oil and gas regulator, and in some cases, with Pertamina, Indonesia's state-owned national oil and gas company. As of December 31, 2008, MedcoEnergi produced crude oil and natural gas from nine contract areas located in Sumatra, Java, Sulawesi, Kalimantan and Natuna in Indonesia, and had six exploration contracts and one economic interest in other areas in Indonesia. MedcoEnergi also has stakes in fifteen U.S. blocks as well as one exploration block in Libya, two exploration block in Yemen, one exploration block in Tunisia and two exploration blocks in Cambodia. MedcoEnergi also holds one exploration and development service contract for producing block in Oman.
Medco Energi Mining International
Medco Energi Mining International (MEMI), a subsidiary of Medco Energi International, announced that at the end of 2011 will initial produce 500,000 tons of 7,000 high kilo calories coal which will be exported to China from 2 mining companies have been acquired by MEMI in 2009, located in Nunukan, East Kalimantan.
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