IDX-listed energy company PT Medco Energi Internasional Tbk (IDX: MEDC), through its subsidiaries PT Medco E & P Indonesia and Medco Energi Grissik Ltd., continues to support environmental conservation with their river basin rehabilitation program in South Sumatra. To date, the two oil and gas production-sharing contractors have planted 1.39 million trees over a rehabilitation area of 1,528 hectares.
Medco E&P Grissik, operating the Corridor Block, has planted 928,324 trees across 853.94 hectares, while Medco E & P Indonesia, operating in the South Sumatra Block, has greened 674.63 hectares with 462,604 trees. “We are committed to supporting the government's river basin rehabilitation program around our operational areas,” stated VP Relations & Security of Medco E&P, Arif Rinaldi in a statement.
On Wednesday (February 7, 2024), the Director General of Watershed Management and Forest Rehabilitation, Ministry of Environment and Forestry, Dyah Murtiningsih, visited and participated in a nationwide simultaneous tree-planting event in South Sumatra as part of the World Wetlands Day 2024 celebration. The event took place in the Limited Production Forest (HPT) Pedamaran, Cinta Jaya Village, Pedamaran District, Ogan Komering Ilir, South Sumatra. In HPT Pedamaran, Medco E&P Indonesia contributed to the planting over an area of 50 hectares, and in HL Meranti Sungai Merah, spanning 636 hectares.
This event was led by the Regional Coordinator of the Ministry of Environment and Forestry for South Sumatra, Bayu Subekti, along with Agus Yasin from the Peatland and Mangrove Restoration Agency (BRGM), Pandji Tjahjanto, the Head of the South Sumatra Provincial Forestry Office, Muhammad Refly, the Secretary of Ogan Komering Ilir District, representatives from the upstream oil and gas authority SKK Migas Southern Part of Sumatra (Sumbagsel) Regional Office, Medco E & P Indonesia, and other companies.
Previously, the Director General of Forest Planning and Environmental Governance (PKTL-KLHK), Hanif Faisol Nurofiq, visited the DAS rehabilitation sites managed by Medco Energi Grissik and Medco E & P Indonesia on Saturday (January 20, 2024). He appreciated the upstream oil and gas authority SKK Migas and the oil and gas contractors for successfully planting trees over 745.70 hectares. “All plantations have been evaluated for success and officially handed over to the Ministry,” stated Hanif.
Arif Rinaldi expressed hope for continued support for the company's environmental conservation efforts. “In addition to meeting the government's oil and gas production targets, we remain committed to preserving the environment, especially around our operational areas,” said Arif.
Editing by Reiner Simanjuntak