MedcoEnergi
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| PT Medco Energi Internasional Tbk | |
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| Type | Public (JSX:MEDC) |
| Founded | 9 June 1980 |
| Headquarters | Graha Niaga in  Jakarta, Indonesia |
| Key people | Arifin Panigoro, Founder Hilmi Panigoro, President Director & CEO Lukman Mahfoedz, President Director of Medco E&P |
| Industry | Oil and Gas, Chemical, Drilling Service, LPG Plant, Electricity generation |
| Products | Crude Oil, Natural Gas, Methanol, LPG, Electricity |
| Revenue | 620.2 Million USD (2005) |
| Net income | 74.7 Million USD (2005) |
| Website | www.medcoenergi.com |
MedcoEnergi, short for PT Medco Energi Internasional Tbk, is Indonesia's owned 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, drilling services, methanol production and most recently power generation.
Not only in Indonesia, MedcoEnergi also operated internationally since successful acquisition of Novus Petroleum Limited, a leading Australian oil and gas company.
[edit] Working Area
MedcoEnergi has the right to explore for and produce oil and gas in over 42,769 square kilometers of property in Indonesia under 18 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, 2005, MedcoEnergi produced crude oil and natural gas in eleven contract areas located in Sumatra, Java, Sulawesi, Kalimantan and Natuna in Indonesia, and had six exploration contract in other areas in Indonesia. MedcoEnergi also has stakes in three U.S. blocks as well as one exploration block in Libya. In 2006, besides acquired more development blocks in Indonesia, MedcoEnergi has also contracted to provide exploration and development service for producing block in Oman.
