Medco to sell interest in non-operating blocks

JSX listed energy firm PT Medco Energi International would sell its non-operating interest in Kakap block offshore West Natuna, Tuban block onshore East Java and Jeruk field in Sampang PSC offshore East Java, the company official said.

 

Medco would concentrate on the blocks where the company is the operator, Medco CEO Hilmi Panigoro said as reported by Bisnis Indonesia on Tuesday.

 

Medco has 18.75 percent interest in Kakap PSC, 25 percent in Tuban, and 22.5 percent in Jeruk. (*)