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    MEDC   ID1000053705

PT MEDCO ENERGI INTERNASIONAL TBK

(MEDC)
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PT Medco Energi Internasional Tbk : Medco E&P Granted Extension to Manage Senoro-Toili Block

11/28/2021 | 11:20pm EST
2021-11-29
Medco E&P Granted Extension to Manage Senoro-Toili Block

Jakarta, 29 November 2021 - PT Medco E&P Tomori Sulawesi (Medco E&P) together with PT Pertamina Hulu Energi Tomori Sulawesi (PHE Tomori Sulawesi) and the Tomori E&P Limited (TEL) as the Contractors (KKKS) have been granted by the Government a 20 years extension on the Senoro-Toili Working Area. The extension will be effective from December 2027. The Working Area is located in Central Sulawesi and has been supplying gas since 2015 to PT Donggi Senoro LNG (DSLNG), Ammonia Plant PT Panca Amara Utama (PAU) and PT Perusahaan Listrik Negara (Persero) (PLN).

The development of the Senoro Toili Working Area will continue with the development of the South Senoro field, expected to be completed in 2025, as well as new exploration activities.

"Medco E&P is thankful for the trust and support from the Government to continue the management of the Senoro-Toili Working Area and for the good cooperation with PHE Tomori Sulawesi and TEL. The Company continues its commitment to meet the production targets set by the Government and to support the industries as well as the communities in the areas surrounding its operations through community empowerment programs," stated Medco E&P's President Director Ronald Gunawan.

Disclaimer

PT Medco Energi Internasional Tbk published this content on 29 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 November 2021 04:19:02 UTC.


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Sales 2021 1 379 M - -
Net income 2021 83,5 M - -
Net Debt 2021 3 076 M - -
P/E ratio 2021 10,2x
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Capitalization 895 M 893 M -
EV / Sales 2021 2,88x
EV / Sales 2022 2,48x
Nbr of Employees 2 895
Free-Float 25,3%
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Hilmi Panigoro President Commissioner
Roberto Lorato Chief Executive Officer & Director
Anthony R. Mathias Chief Financial Officer & Director
Susilawati Nasution Finance Director
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