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Medco Energi Internasional Tbk

Company Summary

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Company Transactions

Date: 2/15/2022
Type: Acquisition

BUYERS:
  • Medco Energi Internasional Tbk
    • SELLERS:
  • ConocoPhillips Company
    • DETAILS:

    COST: 1.355 $B

    VOLUMES: 50 MBOE/d

    NOTES:
    ConocoPhillips has reached a deal to sell down all of its Indonesian assets for $1.355 billion to MedcoEnergy, with the deal closing in early-2022. This includes a 54% interest in the Indonesia Corridor Block Production Sharing Contract (PSC) and a 35% shareholding interest in the Transasia Pipeline Company.
    REGIONS:
  • Asia