Medco Energi Acquires 10% Stake in Four Eni Indonesia Oil and Gas Blocks

Key Facts

Medco Energi has acquired a 10% interest in four oil and gas blocks operated by Eni in Indonesia. According to investing.com, the transaction involves offshore assets and marks the completion of Medco's move to expand its domestic upstream presence.

The deal aligns with Eni's broader strategy of rationalizing its upstream portfolio through the sale of minority stakes. This acquisition strengthens Medco Energi's position in the Indonesian energy sector as the company focuses on diversifying its production outlook.