Medco Energi Internasional Tbk.
| Code | : | MEDC |
| Name | : | Medco Energi Internasional Tbk. |
| Type | : | Emiten |
|
Address |
|
Businnes | : | Mining |
| Sector Code | : | A. Energy |
| Sector Name | : | A1 |
| Industry | : | A11 |
| Sub Industry | : | A111 |
|
Company Status | : | PMDN |
|
Foundation Status | : | 1980-06-09 |
Brief of Company Background
The company, through its majority held subsidiaries, owns ten deep-well onshore drilling rigs under PT Meta Epsi Antaredja (MEA), three state-of- the-art offshore rigs under PT Apexindo, as well as exploration and production (E & P) contract areas in East Kalimantan under PT Exspan Kalimantan and in South Sumatera under PT Exspan Sumatera. The E & P operation produced an average of some 18,000 barrels of oil and 45 million cubic feet of gas per day in 1995. On December 1996 the company has raised a US$ 65 million syndicated loan arranged by PT Meta Epsi Duta Corporation to strengthening working capital and restructuring business activities. In 1997, entered into downstream industry through a Joint Management Agreement to operate Pertamina’s methanol plant on Bunyu Island. In 1999, succeeded in company debt restructuring, followed by Right Issue of 10:11. In 2000, acquired 3 new working areas: Simenggaris, Western Madura, and Senoro/Toili. Also, discovery of oil field at Soka, South Sumatera. In 2001, discovery of new oil f
Shareholder List
| NO | Shareholder Name | Percentage |
|---|
Management
