Medco Energi Internasional, ID1000053705

Medco agreed to Eni deal and BRI targeted Medco Energi Internasional stock at IDR 2,300

Published on 10/13/2026 at 09:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

USD 1,414.7 million revenue was up 23.40 percent in the first half of 2026. Medco Energi Internasional stock costs EUR 0.07 on October 13, 2026.

Medco agreed to acquire a 10.00 percent non-operating interest in four Eni-operated Indonesian blocks on October 12, 2026.
First-half 2026 revenue rose 23.40 percent year over year to USD 1,414.70 million, while net income reached USD 275.30 million.
The Lang & Schwarz quote was EUR 0.07 on October 13, 2026 at 9:41 a.m. CEST; the Indonesia Stock Exchange quote was IDR 1,445.

Medco Energi Internasional, ID1000053705, Illustration mit AI erstellt.

Medco Energi agreed on October 12, 2026 to acquire a 10.00 percent non-operating interest in four Eni-operated production-sharing contracts in East Kalimantan, according to Jakarta Globe. BRI Danareksa raised its target for Medco Energi Internasional stock to IDR 2,300 from IDR 2,200 on October 7, 2026, as reported by BRIGHTS.

First-half results set the base

Medco reported USD 1,414.70 million of revenue for the first half of 2026, up 23.40 percent from USD 1,146.90 million a year earlier. The company also reported EBITDA of USD 805.10 million, up 30.70 percent, and net income of USD 275.30 million, up 796.60 percent year over year, in its results presentation dated September 29, 2026, published by MedcoEnergi.

Three dated milestones

On September 21, 2026, Medco released first-half results with oil and gas production of 170.10 thousand barrels of oil equivalent per day. On October 7, 2026, BRI Danareksa lifted its target to IDR 2,300 from IDR 2,200. On October 12, 2026, Medco agreed to the 10.00 percent Eni transaction covering four production-sharing contracts.

What does the 10% deal add?

The assets include Muara Bakau, Ganal, West Ganal and East Ganal, covering production, gas development and exploration. The blocks also include the Geliga gas discovery, which Jakarta Globe described as a large-scale find with further exploration potential.

Medco will join as a non-operating partner while Searah, a joint venture between Eni and Petronas, retains operatorship. Government approval and other applicable requirements remain conditions for the transaction, making execution the key variable alongside the potential production contribution.

Stock price and investor context

Medco stock was last at IDR 1,445 on the Indonesia Stock Exchange on October 13, 2026 at 2:39 p.m. WIB, while market capitalization stood at IDR 35.7 trillion. The Lang & Schwarz price was EUR 0.07 on October 13, 2026 at 9:41 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Medco Energi Internasional stock.