MedcoEnergi Strengthens Oil & Gas Portfolio Through Strategic Acquisitions

Expanding Presence in Southern Sumatra

MedcoEnergi (MEDC) has made significant moves to expand its oil and gas portfolio through strategic acquisitions, marking a major milestone in its 45-year history as an energy company. The company has successfully acquired a 24% participating interest in Corridor PSC from Repsol E&P Sarl for US$425 million (approximately Rp6.9 trillion) ²

This acquisition includes seven producing gas fields and one producing oil field, all located in South Sumatra, Indonesia. Additionally, MedcoEnergi has taken over 45% participating interest and operatorship in the Sakakemang PSC, further strengthening its position in the region ²

Development Projects and Future Plans

These acquisitions complement MedcoEnergi's existing assets in the region, which include the Rimau, South Sumatra, and Lematang blocks. The company has also successfully developed the Forel and Terubuk fields in the South Natuna Sea Block B, demonstrating its capability in both acquisition and development of oil and gas assets ¹

Strategic Significance

"We're grateful and proud to have contributed for 45 years and continue to contribute to Indonesia's energy independence. Strengthening our oil and gas portfolio and power generation becomes the foundation for sustainable energy growth," said Amri Siahaan, Director & Chief Administrative Officer of MedcoEnergi ¹