Founded in June 9, 1980, as Indonesia’s first private sector drilling contractor, PT Medco Energi Internasional Tbk (MedcoEnergi) has emerged as the leading energy business group in the country today. Currently, MedcoEnergi’s main areas of interest are oil & gas exploration, development and production, methanol production, LPG production, power and drilling services.
In the near future, MedcoEnergi plans to venture into sources of renewable energy and the geothermal industry. MedcoEnergi’s oil & gas exploration, development and production capabilities began after acquiring Tesoro’s exploration and production (TAC & PSC) contracts in East Kalimantan, in 1992, and 100% shares of PT Stanvac Indonesia from Exxon and Mobil Oil in 1995. In 1994, MedcoEnergi went public, listing its shares on the Jakarta Stock Exchange with ticker symbol MEDC. Presently, MedcoEnergi employs more than 6,000 men and women worldwide. Such countries include Indonesia, Unites States of America, Libya, Yemen, Cambodia, Oman, and Tunisia. Through our drilling division, MedcoEnergi owns and operates 8 onshore and 7 offshore drilling rigs, including 2 deep-water jack-up types. MedcoEnergi also owns and operates a methanol plant, LPG processing plant, and 3 power generations.
Always looking toward the future, MedcoEnergi is steadfast in its determination to remain as a leading integrated energy corporation in the Asia Pacific region and worldwide.