- Business
- PT Medco Energi Internasional Tbk (MedcoEnergi) engages in the exploration, development, and production of oil and gas; clean power generation through gas, geothermal, photovoltaic, and hydro plants; and copper and gold mining via non-consolidated interest in Amman Mineral Internasional Tbk. The company provides integrated energy solutions including enhanced oil recovery, gas processing, drilling services, liquefied petroleum gas processing, high-speed diesel marketing, storage, transportation, and electricity generation primarily serving Southeast Asia and the Middle East. Founded in 1980 and headquartered at The Energy Building in Jakarta, Indonesia, MedcoEnergi lists on the Indonesia Stock Exchange under ticker MEDC.JK and operates assets onshore and offshore in Indonesia, Oman, Thailand, and Yemen.
MedcoEnergi's oil and gas segment manages a diversified portfolio of producing fields such as the Corridor Block in South Sumatra; clean power operations through Medco Power deliver reliable electricity with renewables comprising 25% of installed capacity; while mining activities support electrification through copper extraction. The company targets national and regional energy markets, emphasizing energy security, low-carbon transition, and cash-generative assets.
In 2025, MedcoEnergi acquired a 24% indirect interest in the Corridor Production Sharing Contract from Repsol for $425 million, bolstering its gas portfolio; completed acquisitions of 45% and 80% interests in Sakakemang and South Sakakemang PSCs for $90 million; increased ownership in PT Transportasi Gas Indonesia to 40%; added 39 MW capacity to the Batam-Bintan power system; joined OGMP 2.0 for methane reduction; and commenced trading on the OTCQX Best Market.