energy resource into a profitable investment portfolio our operationsour operationsoil & gas e & p indonesiaexplorationdevelopmentproductionoil & gas e & p internationalexplorationdevelopmentproductionpowergas distribution and tradingcoal mining expertise in operating mature oil and gas fields both in indonesia and overseas our commitmentour commitmentethics & governancegcg policies code of conduct article of associationthe committeessafety & healthsafe operationshealthy working environmentclean energy developmentour sustainabilitysocialawards meet the world s energy needs in a sustainable manner investorsinvestorsbond informationbond ratingoffering circularbond prospectusinvestor faqinvestor presentationquarterly updatemonthly newsletterannual reportanalytical informationanalyst coveragefinancial tableproduction & reserve tableexploration reportenergy calculatorshare informationdividend informationhistorical pricestock quote & chartinvestment calculatorshare prospectus focus on how to secure the company s long term growth careercareerworking at medcoenergiour peopledevelopment and opportunities for growthbenefits & rewardsjoin usfraud disclaimer we welcome you to join our team and grow with us news & medianews & mediamedia releaseidx filingspublicationsannual reportsustainability reportfinancial statementcompany profileprospectus & offering circularexploration reportmultimedia find materials information of medcoenergi to keep you updated contact us medcoenergi achieved important milestones senoro upstream and downstream lng project medcoenergi as a private national oil & gas company and its partners has succeeded in monetizing the senoro gas field which was previously considered as stranded gas by supplying gas to the donggi senoro lng plant among others . the inauguration of both projects was in conjunction with the release of first cargo of lng shipment by the president of the republic of indonesia mr. joko widodo . strengthening our producing portfolio senoro gas development central sulawesi indonesia senoro gas development one of medcoenergi s major developments was once considered stranded gas due to its remote location and unavailability of infrastructure for the gas captives . we successfully develop and monetize the abundant gas resources into high quality markets that will take gas up to 310 mmscf per day . delivering projects development donggi senoro lng central sulawesi indonesia the donggi senoro lng will be the fourth lng plant in operation in indonesia and the first lng project built by national companies medcoenergi pertamina and partner mitsubishi . the plant has a total capacity of 2 million tons of lng per annum with gas supply from the senoro toili gas field in which medcoenergi also participate . clean energy for a cleaner world sarulla geothermal north sumatera indonesia the construction of sarulla geothermal power plant has started in 2014 and will produce geothermal power for 3 x 110 mw electricity . as the world s largest single contract geothermal power project upon completion the plant is envisioned to provide clean and sustainable electricity in indonesia and expected to reduce carbon dioxide emission up to 1.3 million tonnes a year . monetizing reserves block a aceh indonesia in january 2015 medcoenergi inked a gas sales agreement of over us 2 billion in value monetizing 200 bcf reserves from the block a production sharing contract in aceh province indonesia . the customer is the state owned company pertamina with an agreed gas price of us 9.45 per mmbtu . this contract demonstrates the company s support to the development of the indonesian domestic gas market at the same time creating value for the company and establishing a vital economic presence in the province of aceh . stock 16 10 2016 medc idx idr 1 395 market cap trilion idr 4.6 volume lot 30 342 whistleblower ensuring medcoenergi is a safe fair and honest place to work . latest newsgo to news & mediafriday 30 09 2016 wib medcoenergi egms results & 1h16 financial results today pt medco energi internasional tbk medcoenergi or the company held an extraordinary general meeting of its shareholders egms with two agenda items . monday 19 09 2016 wib medcoenergi and conocophillips sign share sale and purchase agreement for south natuna sea block b pt medco energi internasional tbk medcoenergi or the company has signed a share sale and purchase agreement monday 05 09 2016 wib medcoenergi sells its 100 % interest in bawean psc pt medco energi internasional tbk and its subsidiary medco bawean holding pte ltd together as medcoenergi or the company have entered into a sale and purc ... thursday 30 06 2016 wib medcoenergi agms & egms continue to deliver energy in the challenging year of oil and gas industry pt medco energi internasional tbk medcoenergi or the company yesterday held the annual general meeting of shareholde ... thursday 30 06 2016 wib medcoenergi leads indonesia inc. to bring back indonesia s strategic assets from newmont pt medco energi internasional tbk medcoenergi is pleased to announce that it has agreed to acquire a controlling st ... thursday 30 06 2016 wib medcoenergi announces its audited 1q 2016 financial results today pt medco energi internasional tbk has announced its audited consolidated financial statements for the period ending 31 march 2016 1q 2016 . tuesday 28 06 2016 wib medcoenergi signs lematang psc extension pt medco energi internasional tbk medcoenergi is pleased to announce the signing of a 10 year extension of the production sharing contract for the contract area lematang psc monday 02 05 2016 wib medcoenergi increases interest in aceh block a psc pt medco energi internasional tbk through its subsidiary pt medco e & p malaka medcoenergi is pleased to announce it has reached agreement to acquire japex block a ltd ... thursday 28 04 2016 wib medcoenergi awarded lematang psc extension pt medco energi internasional tbk medcoenergi is pleased to announce it has been awarded a 10 year extension of the lematang production sharing contract psc effective april 6 ... thursday 31 03 2016 wib medcoenergi announces its 2015 financial results today pt medco energi internasional tbk medcoenergi or the company released its financial statements for the year ending december 31 2015 with a gross profi ... medcoenergi egms results & 1h16 financial results jakarta 30 september 2016 today pt medco energi internasional tbk medcoenergi or the company held an extraordinary general meeting of its shareholders egms with two agenda items . the first item approved was the acquisition of 50 % of pt amman mineral investama which will indirectly control an 82.2 % interest in pt newmont nusa tenggara the acquisition . the second agenda item approved was a capital increase through a limited public offering with preemptive rights to shareholders rights issue . the acquisition will add significant shareholder value by giving access to a world class operating facility at batu hijau with proved reserves of 2.6 billion lbs of copper and 2.7 million oz of gold and future access to discovered undeveloped reserves of 12.9 billion lbs of copper and 19.7 million oz of gold . the acquisition will add scale to the company s equity and investment portfolio and will materially elevate the revenue contribution from non energy sectors . through the rights issue the company will raise fund the equivalent of approximately us 150 million . the proceeds will be used to repay maturing debt and to fund capital expenditures . post rights issue the company will have a stronger capital structure to support its expanded activities . today the company has also released its audited consolidated financial statements for the six month period ending june 30 2016 1h16 and results are summarized below . 1h16 operational key points oil and gas production volume of 64 mboepd was 29 % higher than 1h15 . the increase in production volume was mainly due to the continued excellent performance from the senoro toili gas field . compared to 1h15 the company reduced oil and gas production cash costs per unit by 32 % to us 7.6 boe well within the company s 2016 full year target of below us 10 boe . 1h16 revenues of us 281 million with an average realized oil price of us 38.3 bbl and average realized gas price of us 4.18 mmbtu . awarded block a aceh epc contract to jec to construct the gas plant facilities . first gas is expected in q1 2018 . 1h16 financial key points gross profit was us 107 million and operating income us 58 million . the company s ebitda earnings before interest taxes depreciation and amortization increased by 14 % from 1h15 to us 121 million with an improved ebitda margin up 11 % year on year . 1h16 net income from continuing operations was us 11 million compared to a us 31 million net loss in 1h15 . obtained shareholder approval for the proposed acquisition of a 50 % stake in pt amman mineral investama which will acquire an 82.2 % interest in pt newmont nusa tenggara . closing is expected in october 2016 . signed a sale and purchase agreement to acquire japex s 16.67 % interest in the block a aceh psc . closing is expected in october 2016 . signed a share sale and purchase agreement with conocophillips to acquire a 40 % participating interest and operatorship in the south natuna sea block b psc along with west natuna transportation system gas transportation system . closing is expected in november 2016 . signed a share sale and purchase agreement to divest a 100 % participating interest in bawean psc . closing is expected in q4 2016 . raised a total of idr 2.5 trillion through its shelf registered idr bond program . the recent issuance was heavily oversubscribed and the company will issue another phase of this program in q4 2016 . full year guidance for operating costs and capex excluding acquisitions remains unchanged . whilst full year production excluding acquisitions is expected to be slightly above the 55 60 mboepd range previously advised . the ceo of medcoenergi roberto lorato said amidst the still challenging industry environment medcoenergi is continuing to renew the company s asset portfolio . our focus now will be to successfully complete these acquisitions and to integrate them into our organization . the operational performance of our producing assets continues to improve while our block a aceh development is on schedule and under budget . the president director of medcoenergi hilmi panigoro remarked the strategic nature of the recent acquisitions is in line with our ambition to become the leading independent player in the indonesian natural resources sector . click here to download medcoenergi and conocophillips sign share sale and purchase agreement for south natuna sea block b jakarta 19 september 2016 pt medco energi internasional tbk medcoenergi or the company has signed a share sale and purchase agreement spa to acquire conocophillips indonesia inc. ltd. ciil and conocophillips singapore operations pte. ltd. csop both subsidiaries of conocophillips cop . ciil is the operator of the south natuna sea block b psc snsb with a 40 % working interest and is the operator of the west natuna transportation system wnts . csop operates the onshore receiving facility orf in singapore . 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 activities within the natuna area . the transaction is expected to complete in q4 2016 . roberto lorato ceo said that once effective this acquisition will add substantial gas and liquids reserves and increase medcoenergi s daily production by over 35 % . with solid cash flows despite the current low oil price the transaction is immediately accretive . above all we acknowledge snsb s world class operating scale and infrastructure it s highly experienced and proven operating team and best in class health safety and environmental record . we look forward to integrating the asset into medcoenergi s upstream portfolio . hilmi panigoro president director commented that as a national private oil and gas company we continue to seek opportunities to grow medcoenergi s contribution to the indonesian economy . this transaction will strengthen medcoenergi s footprint in indonesia and significantly enhance its upstream oil and gas capabilities through the integration of world class offshore operations . click here to download medcoenergi sells its 100 % interest in bawean psc jakarta september 5 2016 pt medco energi internasional tbk and its subsidiary medco