Medco Energi to take 10% stake in four Eni oil and gas blocks in Indonesia
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PT Medco Energi acquired 10% participating interest in four PSCs in the Kutai Basin from Eni S.p.A.
MedcoEnergi has agreed to acquire a 10% participating interest in four Eni oil and gas blocks in the Kutai Basin, East Kalimantan, to strengthen its gas portfolio.
PT Medco Energi Internasional Tbk (MEDC) acquired a 10% non-operator participation interest in four production sharing contracts (PSCs) in the Kutai Basin, East Kalimantan.
The four PSCs are currently operated by Searah, a newly formed joint venture between Eni and PETRONAS.
JAKARTA – PT Medco Energi Internasional Tbk (“MedcoEnergi” or the “Company”) announced that it has signed an agreement with Eni S.p.A. to acquire a 10% non-operator participating interest in four Production Sharing Contracts (PSCs) in the Kutai Basin, East Kalimantan. Located in a prolific gas basin, the four PSCs, namely the Muara Bakau, Ganal, and West Ganal PSCs […] The post Medco Acquires 10% of Eni's Participating Interest in the Kutai Basi…
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