PT Medco Energi Internasional Tbk (MedcoEnergi) is a
publicly listed Indonesian oil and gas company with current
operations in Indonesia as well as in overseas, including
Libya, Oman, Papua New Guinea, Tu
MedcoEnergi was founded in 1980 by Arifin Panigoro, one
of the Indonesia’s leading oil and gas businessmen, as the
first private national oil and gas drilling company. Within over
three decades we have significantly grown our business and
built a solid fundamental for our human capital and array of
portfolios from all over the world, especially in Indonesia and
Middle Eastern and North African countries.
In operations, we have enabled to largely maintain oil and
gas volume production, by arresting the rate of production
decline from our oil and gas fields to below 10% year-onyear,
against the industry trend of 20-25%. We are also
able to pursue our EOR pilot project to learn that we can
effectively apply the technology on oil fields that comprised
of limestone formation, a procedure that had never done
anywhere in the world.