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Corporate Office Address: Medco. Franklin Lakes, NJ Edit Business Info. Medco Rating Based on 5 Reviews Rating details.
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Discounts and Special Offers. Value for money. Turnaround Time. All Medco reviews. Develop energy resource into a profitable investment portfolio. Our Operations. Expertise in operating mature oil and gas fields both in Indonesia and overseas.
We welcome you to join our team and grow with us! Find materials information of MedcoEnergi to keep you updated. ESG and Energy Transition. Commitment to Invest in a Sustainable Future. Sustainability Report Weathering The Storm This Sustainability Report provides an update of our sustainability journey and the successes and shortcomings in meeting current global sustainability challenges while continuing our focus on our long-term sustainability goals.
World-class offshore operations. Clean Energy for a Cleaner World. Monetizing Reserves. Amman Mineral Nusa Tenggara, West Sumbawa, Indonesia The acquisition of this asset marks a monumental milestone for MedcoEnergi and our stakeholders including the Indonesian government.
Whistleblower Ensuring MedcoEnergi is a safe, fair and honest place to work. Latest News. The Company will continue to proactively manage its liabilities and deleverage quarter on quarter. These developments will continue into with first gas on the Hiu field expected in 2Q, first gas on Belida Extension Project in 4Q and first oil on the Forel field and gas on Bronang field expected in 4Q Pit ore mining from Phase 7 is continuing as is the development of Phase 8.
The Company will retain financial flexibility to respond to improved gas demand. Operational Highlights Oil and Gas Oil and gas production was mboepd, flat year-on-year despite a larger gas portfolio. Gas demand remains subdued, notably in Aceh and East Java. South Natuna Sea Block B has been granted improved economic terms upon completion of the ongoing Forel oil development.
Conducted an acid fracturing program on two Alur Siwah wells to optimize future gas production in Aceh. The strategic alliance with Kansai Electric Power Company closed on 31 March , strengthening Medco Power competitiveness in future gas power projects. A Phase 8 development is now in progress. We have made a positive financial start to and MedcoEnergi will continue to support the recovery, including renewing our commitment to long term sustainable economic and social development.
Cash from Operations after capex was positive despite the low energy demand, with focused expenditure reductions and Ophir synergies. Supportive shareholders and proactive Liability Management allowed continued deleveraging. Operational Highlights Oil and Gas Production mboepd, affected by low gas demand. Gas demand is recovering in , but is still below pre pandemic levels.
Exploration wells in Ijen, East Java discovered a steam reservoir and work is underway to prove the commercial viability of a new geo-thermal power facility. Phase 8 development is now in progress. Morgan acted as the sole financial advisor to Medco Power. Operational Oil and gas production mboepd. Medco Power generated sales of 1, GWh.
The Company has hedged 7. The recent Ijen and exploration wells in Blawan Ijen, East Java discovered a strong steam reservoir and Medco Power is progressing two further wells to prove the commercial viability of a Geothermal development. Phase 7 development in AMNT began accessing productive ore with production ramping up from April
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