- CEO
- Roberto Lorato
- Full Time Employees
- 3,327
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- The Energy Building Jakarta Indonesia 12190
- IPO Date
- Apr 29, 2013
- Business
- PT Medco Energi Internasional Tbk (MEDC) is an Indonesian energy company engaged in oil and gas exploration and production, clean power generation, and copper and gold mining. The company offers upstream oil and gas activities including exploration, drilling, field development, production, enhanced oil recovery, and gas processing across onshore and offshore assets; clean power generation from gas-fired plants such as PLTGU Riau, geothermal facilities including the 330 MW PLTP Sarulla and 35 MW Ijen Geothermal Power Plant, other renewables like solar PV such as the 25 MWp East Bali plant and mini-hydro, and operation and maintenance services for third-party power plants totaling 2,450 MW capacity; copper and gold mining through a non-consolidated interest in Amman Mineral Internasional Tbk on Sumbawa Island, Nusa Tenggara; related services encompassing drilling and workover rigs, gas pipelines, compression stations, security services, and chemicals production and trading. MedcoEnergi operates primarily in Indonesia with assets in Riau Islands, South Sumatra, Central Sulawesi, Aceh, East Java, Kalimantan, and internationally in Thailand, Oman, Yemen, Mexico, Tanzania, Asia, Africa, the Middle East, and Europe, targeting domestic energy markets, industrial users, households, and exports such as to Singapore. Founded in 1980 by Arifin Panigoro and headquartered at The Energy Building, 53rd Floor, Jl. Jend. Sudirman SCBD Lot 11A, Jakarta 12190, Indonesia, the company is a subsidiary of PT Medco Daya Abadi Lestari and part of Medco Group. Recent developments include the September 2025 acquisition of 45% participating interest in Sakakemang block and 80% in South Sakakemang block from Repsol, enhancing its South Sumatra gas position and assuming operatorship pending approval; completion of Repsol's Corridor PSC interest acquisition in July 2025 and commencement of Terubuk WHP-M production; inauguration of Ijen Geothermal and East Bali Solar PV plants by President Prabowo Subianto in June 2025; addition of 39 MW capacity to Batam-Bintan power system and OTCQX Best Market trading commencement in November 2025; concession extension for Bualuang oil field in Thailand in August 2025; US$400 million bond issuance in April 2025; and joining OGMP 2.0 for methane reduction in November 2025.