PT Medco Energi Internasional Tbk - Company Profile
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Business Description
PT Medco Energi Internasional Tbk (MedcoEnergi), a subsidiary of PT Medco Daya Abadi Lestari, explores and produces oil and gas. The company provides energy-related services such as engineering, procurement, and construction (EPC), operation and maintenance, energy trading, and support services for oil and gas business.
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Business Segments
Overview
Operates oil and gas fields through various agreements, including production sharing contracts, technical assistance contracts and through joint operations in Mexico, Tanzania, Yemen, Libya, Oman, Thailand, Indonesia, Vietnam and Malaysia. In FY2022, the segment reported capital expenditure of US$79.2 million, which grew 187.6 % YoY.
Performance
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Overview
Comprises the operations of Sarulla Geothermal Plants Unit 1 and 2, and the Cibalapulang, Sarulla Unit 3 and Pusaka mini-hydro power plants. Also operates power plants under Operation & Maintenance (O&M) arrangements, providing O&M services to both the private sector and Perusahaan Listrik Negara (PLN). In FY2022, the segment’s capital expenditure stood at US$49.1 million, which grew 21.1% YoY.
Performance
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Overview
Carries out power production, operations, and maintenance contract services, and power plant engineering, procurement & construction (EPC) contract services through PT Medco Power Indonesia (MPI). In FY2022, the segment’s capital expenditure stood at US$3.6 million, which grew 51.1% YoY.
Performance
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Overview
Provides support services for its oil and gas business.
Performance
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Overview
Includes the business operations of PT Medco Gas Indonesia, which operates a compression station with three gas compressors and 10 pipeline facilities with 17.5 km in Mount Megang, South Sumatra.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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