Medco Energi acquires Eni blocks and Medco Energi Internasional stock trades at EUR 0.08
Published on 10/14/2026 at 12:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSOperating milestones and reporting date
- Medco Energi agreed to acquire a 10 percent interest in four blocks on October 12, 2026.
- First-half 2026 revenue reached USD 1,415 million and EBITDA reached USD 805 million.
- Medco Energi Internasional stock traded at EUR 0.08 at 12:46 p.m. CEST on October 14, 2026.
- Medco Energi had a market capitalization of IDR 35.9 trillion on October 10, 2026.
Medco Energi Internasional stock (ISIN ID1000053705) was trading at EUR 0.08 at Lang & Schwarz on October 14, 2026, at 12:46 p.m. CEST. On October 12, 2026, Medco Energi agreed to acquire a 10 percent non-operator interest in four oil and gas blocks from Eni, according to Kompas.com.
Why the Kutai deal matters
The agreement covers the Muara Bakau, Ganal, West Ganal and East Ganal production-sharing contracts in East Kalimantan. The assets include production, development and exploration interests, including the Geliga gas discovery, while the transaction remains subject to Indonesian government approval, Kompas.com reported on October 12, 2026.
The acquisition adds long-term gas exposure without changing operatorship. That structure gives Medco Energi access to producing and development assets while leaving Searah, the Eni and Petronas joint venture, as operator.
Three dated operating milestones
On September 21, 2026, MedcoEnergi reported first-half 2026 revenue of USD 1,415 million, EBITDA of USD 805 million and net income attributable to owners of USD 275 million, according to its MedcoEnergi release.
On October 7, 2026, BRI Danareksa raised its target from IDR 2,200 to IDR 2,300 and kept a Buy rating, while lifting its fiscal 2027 production outlook from 170 to 178 mboepd, according to BRIGHTS. The October 12 block agreement is the latest of the three milestones.
What comes next for earnings
Medco Energi's first-half oil and gas production reached 170 mboepd, against full-year 2026 guidance of 165-170 mboepd. The company also guided to electricity sales of 4,550 GWh and oil and gas cash production costs below USD 10 per barrel of oil equivalent in its first-half release.
Investing.com lists October 29, 2026 as Medco Energi's next earnings date. The date gives the market a defined checkpoint for production, cash costs and the effect of the new Kutai interests.
Stock quote and company details
Medco Energi Internasional stock was trading at EUR 0.08 at Lang & Schwarz on October 14, 2026, at 12:46 p.m. CEST. The company's Jakarta Stock Exchange price was IDR 1,450 on October 13, 2026, while its 52-week range was IDR 1,005 to IDR 2,000, according to the quoted market data.
The further course of trading is shown by the continuously updated real-time quote of Medco Energi Internasional stock.
Medco Energi Internasional stock facts
- Company: PT Medco Energi Internasional Tbk
- ISIN: ID1000053705
- Ticker: MEDC
- Primary exchange: Jakarta Stock Exchange
- Price Lang & Schwarz as of October 14, 2026, 12:46 p.m. CEST: EUR 0.08
- Market capitalization: IDR 35.9 trillion as of October 10, 2026
- 52-week range: IDR 1,005.00-IDR 2,000.00 as of October 13, 2026
- Sector / Industry: Energy / Oil and Gas
Market context: Market report IDX Composite.
