MedcoEnergi
 | |
| 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 Lany Wong, Chief Financial 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 2012 will initially 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, North Kalimantan.[1]
See also
- List of petroleum companies
References
- ↑ "Medco to produce 500,000 tons of coal by end of 2011". September 8, 2011.thejakartapost.com