Medco E&p Indonesia

Medco E&P Indonesia, a subsidiary of Medco Energi Internasional Tbk, is dedicated to oil and gas operations in Indonesia, with a focus on upstream activities such as exploration, development, and production of crude oil and natural gas. The company manages a total of 15 oil and gas assets in Indonesia, of which 12 are currently in production. In 2023, these assets exceeded production targets, contributing 143 mboepd. We are committed to maintaining the highest standards and best practices throughout our operations. We continue to make progress on our ESG commitments. In 2023, we have implemented 41 GHG emission reduction initiatives through process optimization, fuel gas reduction, reducing fugitive emissions, and improving energy efficiency with lighting replacement and solar PV installation, such as in Matak (150 kWp) and Bronang Platform (11.5 kWp). These initiatives resulted in a reduction of 147,963 tCO2e/year, with a one-time reduction of 94,860 tCO2e from well cleanup & testing flare reduction. We are currently progressing CCS studies at the Natuna, Corridor and South Sumatera PSCs. We also planted 143,883 trees across our sites, and committed to their maintenance.