Medco Energi Internasional, ID1000053705

Medco Energi agrees to 10% stake in four Eni blocks; stock at EUR 0.07 pre-market

Published on 10/12/2026 at 08:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

MedcoEnergi agreed to acquire a 10% interest in four Eni oil and gas blocks. The stock was quoted at EUR 0.07 at Lang & Schwarz pre-market on October 12, 2026.

Key points in brief

MedcoEnergi agreed to acquire a 10% interest in four Eni-operated oil and gas blocks.
The transaction covers the Muara Bakau, Ganal, West Ganal and East Ganal blocks.
MedcoEnergi stock was quoted at EUR 0.07 at Lang & Schwarz at 8:07 a.m. CEST on October 12, 2026.

Medco Energi Internasional, ID1000053705, Illustration mit AI erstellt.

PT Medco Energi Internasional Tbk said on October 12, 2026, that it had agreed with Eni S.p.A. to acquire a 10% participating interest in four oil and gas blocks in Indonesia’s Kutai Basin, according to Reuters.

At 8:07 a.m. CEST on October 12, 2026, Medco Energi stock was quoted at EUR 0.07 at Lang & Schwarz in pre-market trading. The bid was EUR 0.06 and the ask was EUR 0.08. The further course from the Xetra open at 9:00 a.m. CEST is shown by the continuously updated real-time quote of Medco Energi stock.

Assets covered by the agreement

The four blocks are Muara Bakau, Ganal, West Ganal and East Ganal. They are operated by Searah, a joint venture formed by Eni and Malaysia’s Petronas. The agreement includes production, development and exploration assets, including the Geliga gas field, which Reuters said is estimated to contain 5 trillion cubic feet of gas and 300 million barrels of condensate.