Tycoon Hilmi Panigoro-Backed Medco Energi To Buy Repsol’s Indonesian Gas Field Stake For $425 Million

elperiodicodelaenergia.com

Factuality

Ownership

Repsol has reached an agreement to sell its share of 24% in the Corridor block in Indonesia, where it is not an operator, to Medco Energi for 425 million dollars (364 million euros), according to the energy company to the National Securities Market Commission (CNMV). Energy estimates that this operation will reduce the net debt of the group by about 350 million dollars (300 million euros), with a positive effect of about 70 million dollars (60 m…

kumparan

Factuality

Ownership

Medco acquires 24 percent of Repsol's Corridor Block for Rp6.8 trillion. Medco's ownership increases to 70 percent, strengthening its position in South Sumatra gas.

Bisnis.com

Factuality

Ownership

PT Medco Energi Internasional Tbk. signed a Rp6.92 trillion agreement with Repsol E&P, S.a.r.l.  for the acquisition of the Corridor PSC.