MedcoEnergi - The Energy Company of Choice
Medco E&P Commences First Gas Delivery From West Belut Project. Wednesday, 07/31/2024. MedcoEnergi Announces First Half 2024 Results. Friday, 06/28/2024. MedcoEnergi Announces Final 2023 Dividend Distribution. Thursday, 06/27/2024. MedcoEnergi Receives Credit Upgrade from S&P Global Ratings.
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PT Medco Energi Internasional Tbk. The Energy Building 53rd FI. Jl. Jend. Sudirman, SCBD lot 11A Jakarta 12190, Indonesia +62 21 2995 3000 +62 21 2995 3001
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PT Medco Energi Internasional Tbk. The Energy Building 53rd FI. Jl. Jend. Sudirman, SCBD lot 11A Jakarta 12190, Indonesia (021) 2995 3000 (021) 2995 3001
Company History: From Drilling to Energy Industry Leader
MedcoEnergi acquires Operatorship in South Natuna Sea Block B, a world-class offshore oil & gas operation, and jointly acquired Amman Mineral Nusa Tenggara, a copper and gold mining company.
South Natuna Sea Block B - medcoenergi.com
Medco Daya Abadi Lestari - 35%: Contract Expiry: 2028: Prime Natuna Inc. - 25%: Water Depths: 250 - 320 feet: Status:
Medco E&P Commences First Gas Delivery From West Belut Project
The West Belut project, a fast-tracked offshore gas development located in the South Natuna Sea Block B, achieved first gas delivery on Wednesday, September 11 th, 2024. Discovered at the end of 2020, the field underwent rapid development starting in 2022 and achieved first gas in less than three years, with excellent HSE performance.
•Sustainalytics score improved to 29.8; Medco is now ranked 23rd of oil and gas producers worldwide •On track to deliver 2025 and 2030 Climate Change targets •EMA conditional import permit for 600MW PV •CCS studies progresses for Natuna and Corridor •Batam new combined cycle expansion PPA •Natuna Bronang platform placed in service
MedcoEnergi
The WNTS infrastructure together with the Malaysian pipeline is, and will continue to be the focal point for the commercialization of existing discoveries and ongoing exploration activity within the Natuna area.
Summary Results - medcoenergi.com
Four commercial exploration gas discoveries were made in South Natuna Sea Block B PSC with the Bronang-2, Kaci-2, West Belut-1 and Terubuk-5 wells. These discoveries will be fast tracked for development in 2021-22 in parallel with the previously planned Hiu development.
MedcoEnergi
Capital expenditures were US$188 million, spent mainly on drilling production wells in Oman Block 60, progressing developments in Natuna, Corridor and the Ijen geothermal project. The Oman acquisition was awarded “Asia Pacific Deal of the Year” by the Energy Council.