- CEO
- Roberto Lorato
- Full Time Employees
- 3,338
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- The Energy Building Jakarta Indonesia 12190
- IPO Date
- Dec 4, 2025
- Business
- PT Medco Energi Internasional Tbk (MedcoEnergi) is a leading Indonesian energy and natural resources company primarily engaged in oil and gas exploration and production, power generation, and copper and gold mining. The company operates through its core Oil & Gas segment, which encompasses exploration, drilling, field development, production, enhanced oil recovery, gas processing, and related support services including drilling rigs, workover rigs, gas pipelines, and security; its Clean Power segment, featuring gas-fired, geothermal, mini-hydro, solar PV power plants, and operation and maintenance services; and its Copper & Gold Mining segment, with a non-consolidated interest in Amman Mineral Internasional Tbk's operations in Sumbawa, Nusa Tenggara. Additional activities include chemicals production and trading, as well as upstream services. MedcoEnergi conducts its operations across Indonesia (including Riau Islands, South Sumatra, Central Sulawesi, Aceh, East Java, and Kalimantan), Thailand, Oman, Yemen, Mexico, Tanzania, and other regions in Asia, Africa, the Middle East, the United States, and Europe.
Founded in 1980 as a drilling contractor and headquartered at The Energy Building in Jakarta, Indonesia, MedcoEnergi listed on the Indonesia Stock Exchange in 1994 (ticker: MEDC) and commenced trading on the OTCQX Best Market under the ticker MDCOY in November 2025. The company targets domestic and international energy markets, serving oil and gas customers, power utilities, industrial users, and mining stakeholders with a focus on sustainable practices and energy transition.
In recent developments, MedcoEnergi completed the acquisition of a 24% indirect participating interest in the Corridor Production Sharing Contract from Repsol E&P for $425 million in July 2025, enhancing its South Sumatra gas portfolio; secured a 10-year production extension for the Bualuang Oil Field in Thailand until 2035 in August 2025; added 39 MW capacity to the Batam-Bintan power system and commenced operations at the 25 MWp East Bali Solar PV Plant and Ijen Geothermal Power Plant in 2025; achieved first production from the Terubuk WHP-M and Forel fields; issued a US$400 million bond; announced share buyback programs; joined the Oil and Gas Methane Partnership 2.0 (OGMP 2.0); and installed 1,500 solar panels in the Corridor Block to reduce emissions. These initiatives reflect strategic expansions, emissions reductions exceeding 1.5 million tons of CO2e ahead of schedule, and reinforced commitments to net-zero goals.