Medco Energi Internasional Tbk ADR (MEYYY)

Overview

PT Medco Energi Internasional Tbk, established in 1980 and based in Jakarta, Indonesia, is a noteworthy player in the energy sector, engaging in the exploration and production of oil and gas. Initially known as PT Medco Energi Corporation before rebranding in 2000, the company has expanded its footprint beyond Indonesia to several international markets, including Thailand, Oman, Yemen, Malaysia, Mexico, Libya, and Tanzania. With a diversified portfolio that spans across six business segments—Exploration and Production of Oil and Gas, Services, Power, Chemicals, Trading, and Holding and Related Operations—PT Medco Energi Internasional Tbk stands as a comprehensive energy provider. This vast operation spectrum is supported by its parent company, PT Medco Daya Abadi Lestari, solidifying its position in the global energy industry.

Products and Services

• Exploration and Production of Oil and Gas:

At the core of its operations, PT Medco Energi focuses on the exploration and production of oil and gas. The company boasts a diverse portfolio of production, development, and exploration blocks located in key Indonesian regions such as Natuna, Sumatra, Kalimantan, Java, and Sulawesi, as well as international holdings in several countries. This segment is critical for meeting the energy demands within Indonesia and beyond.

• Services:

PT Medco Energi Internasional Tbk provides a suite of support services targeted at oil and gas operations, emphasizing the facilitation and enhancement of these core activities. This includes a comprehensive range of solutions tailored to the industry's needs, ensuring efficient and effective exploration and production processes.

• Power:

The company extends its energy expertise into the power sector, investing in and managing power generation projects. This diversification is a testament to PT Medco Energi’s commitment to addressing the broader energy needs of the regions it operates in.

• Chemicals:

Apart from its primary focus on oil, gas, and power, PT Medco Energi is also involved in the production and trading of chemicals. This segment adds a versatile edge to the company’s portfolio, catering to various industrial needs related to chemical products.

• Trading:

Trading represents another key area for PT Medco Energi, encompassing the trade of energy resources and related products. This activity leverages the company’s extensive network and knowledge of the energy market to facilitate trade domestically and internationally.

• Holding and Related Operations:

Through its holding and related operations segment, PT Medco Energi oversees its diverse subsidiaries and investments across the energy sector, encapsulating a strategic management approach to foster growth and sustainability within its various business units.