PT Medco Energi Internasional Tbk ("Medco Energi") began its journey more than two decades ago as PT Meta Epsi Pribumi Drilling Co., a small but spirited onshore oil-drilling contracting
services in 1980.
Over the years, Medco Energi has evolved into an integrated energy resources company with a significant share of the Indonesian oil-and-gas industry, including a growing stake in its downstream opportunities. In 1994, Meta Epsi changed its name to PT Medco Energi Corporation and listed its shares on the Jakarta Stock Exchange, becoming the first listed Energy company in Indonesia. It then changed its name to PT Medco Energi Internasional in 2000 to reflect the company's international shareholders.
In 2002, Medco Energi formed a strategic alliance with PTT Exploration and Production Public Company Limited ("PTTEP") of Thailand. Thus began a new era for the Medco Energi Group which as at year 2002 comprised of PT Exspan Nusantara, PT Apexindo Pratama Duta and PT Medco Methanol Bunyu. With over twenty years of experience, and synergy with PTTEP, Medco Energi is well placed to capitalize on its substantial reserves, to increase production efficiency and, more importantly, accumulate expertise to enhance its operations to become aprofitable Energy Company with sustainable long-term growth. Equally important, we continue to foster good working relationships with the local authorities and communities in which we operate, sharing a mutual interest in regional welfare, growth and development.
Vision
The Energy Company Of Choice
· For investors and shareholders seeking value creation
· For business partners seeking alliances and cooperation
· For employees seeking challenges and empowerment
· For society and community touched by the benefits of corporate citizenship and
civic responsibilities.
Mission
Attracting and harnessing human, financial, technical, and organizational resources whilst providing an environment conducive towards the development of energy resource potentials into productive and profitable investment portfolios.
services in 1980.
Over the years, Medco Energi has evolved into an integrated energy resources company with a significant share of the Indonesian oil-and-gas industry, including a growing stake in its downstream opportunities. In 1994, Meta Epsi changed its name to PT Medco Energi Corporation and listed its shares on the Jakarta Stock Exchange, becoming the first listed Energy company in Indonesia. It then changed its name to PT Medco Energi Internasional in 2000 to reflect the company's international shareholders.
In 2002, Medco Energi formed a strategic alliance with PTT Exploration and Production Public Company Limited ("PTTEP") of Thailand. Thus began a new era for the Medco Energi Group which as at year 2002 comprised of PT Exspan Nusantara, PT Apexindo Pratama Duta and PT Medco Methanol Bunyu. With over twenty years of experience, and synergy with PTTEP, Medco Energi is well placed to capitalize on its substantial reserves, to increase production efficiency and, more importantly, accumulate expertise to enhance its operations to become aprofitable Energy Company with sustainable long-term growth. Equally important, we continue to foster good working relationships with the local authorities and communities in which we operate, sharing a mutual interest in regional welfare, growth and development.
Vision
The Energy Company Of Choice
· For investors and shareholders seeking value creation
· For business partners seeking alliances and cooperation
· For employees seeking challenges and empowerment
· For society and community touched by the benefits of corporate citizenship and
civic responsibilities.
Mission
Attracting and harnessing human, financial, technical, and organizational resources whilst providing an environment conducive towards the development of energy resource potentials into productive and profitable investment portfolios.
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