Medco still exploring acquisition possibilities overseas

By Godang Sitompul

IDX-listed energy firm PT Medco Energi Internasional remains open to the possibility of acquiring more oil and gas blocks overseas, especially in Middle East and North Africa (MENA) nations as well as in Asia Pacific areas.

Medco already has operations in Yemen and is currently developing a huge operation in Libya, but will not stop there as long as it is beneficial for the company, said Corporate Secretary Imron Ghozali to petromindo.com.

Imron said while the company keeps focusing its efforts on maintaining, or even improving, oil production from existing oil and gas blocks, it is always looking for other opportunities overseas.

Editing by Dadan Wijaksana