Medco Energi agrees gas deal: what it means for Medco Energi Internasional stock
Published on 10/17/2026 at 10:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSGas deal and transaction terms
- Medco Energi agreed to acquire a 10.00 percent interest in four blocks on October 12, 2026.
- The agreement covers four Kutai Basin production-sharing contracts in East Kalimantan.
- The transaction remains subject to applicable requirements, including approval from the Indonesian government.
Medco Energi Internasional agreed to acquire a 10.00 percent non-operating participating interest in four oil and gas blocks from Eni on October 12, 2026, according to Kompas.com.
Market context: Market report IDX Composite.
The week in figures
MedcoEnergi's investor-relations page listed MEDC at IDR 1,430 on October 10, 2026, and reported a market capitalization of IDR 35.9 trillion. The figures were presented for a trailing 20-day period by MedcoEnergi.
Chronology of the week
On October 12, 2026, the agreement covered the Muara Bakau, Ganal, West Ganal and East Ganal production-sharing contracts in the Kutai Basin in East Kalimantan. The blocks include production, development and exploration assets, according to Kompas.com.
Transaction conditions
The transaction was not yet effective when reported. Completion depends on fulfillment of applicable requirements, including approval from the Indonesian government, Kompas.com reported.
