Independent E&PMonitoring
Medco
Southeast Asian energy company based in Indonesia. On October 12, 2026 it agreed to buy Eni's 10 percent interests in four Searah-operated Kutei Basin blocks covering the Jangkrik field, the South Hub projects and the Geliga discovery.
Record verified against agent research 2026-10-22 as of 2026-10-13 (Eni press release; Offshore Engineer). Tracked since 2026-10.
Coverage 1
Agrees to buy Eni's 10 percent in four South Hub area blocks
Medco agreed to buy Eni's 10 percent interests in the West Ganal, East Ganal, Ganal and Muara Bakau production sharing contracts operated by Searah. The deal needs government approval and terms were not disclosed.