PT Medco Energi Internasional Tbk

PT Medco Energi Internasional Tbk (MEYYY) is a prominent energy and natural resources firm primarily engaged in oil and gas exploration and production. Within Indonesia, its operations encompass a substantial portfolio of 16 blocks: 11 for exploration and production, 1 for development, and 4 purely for exploration. These are strategically located across key regions such as Natuna, Sumatra, Kalimantan, Java, and Sulawesi. Beyond its domestic footprint, Medco Energi holds diverse oil and gas interests in several international territories, including Vietnam, Thailand, Oman, Libya, Yemen, Malaysia, Mexico, and Tanzania. The company's activities extend beyond hydrocarbons to include power generation, as well as copper and gold mining operations situated on Sumbawa Island, Nusa Tenggara. Furthermore, it manages a critical gas compression station featuring three compressors and 10 pipeline facilities in Gunung Megang, South Sumatra. Established in 1980, the company, formerly known as PT Medco Energi Corporation, adopted its current name, PT Medco Energi Internasional Tbk, in 2000. Its corporate headquarters are located in Jakarta, Indonesia, and it operates as a subsidiary of PT Medco Daya Abadi Lestari.