BUILDING OUR FUTURE

SUSTAINABLE ENERGY
AND NATURAL RESOURCES
MedcoEnergi History

1995
First Expansion

1992
Expanded through
international asset
acquisitions and
2006
Paving began to operate
Going West
the Ground the Rimau PSC
and the South
Ventured into the
PT Meta Epsi Sumatra PSC.
Middle East with a
Pribumi Drilling service contract to
Company became operate the Karim
an E&P company Small Fields in
with operations in
Oman.
East Kalimantan.

1980 1996
Leading The way Giant Discovery

Arifin Panigoro Discovered the giant

established the first fields of Kaji and
Indonesian drilling Semoga in the Rimau
contractor on 9 June Block.
1980, PT Meta Epsi
Pribumi Drilling
Company.

1994 2010
Going Public Sustainable
Growth
PT Meta Epsi Pribumi
Drilling Company 20-year extensions
became PT Medco of the Block A PSC
Energi Corporation and in Aceh and the
conducted its IPO at the South Sumatra
IDX. PSC.
 2018
New Gas
Production

Comissioned the
gas facilities of

2015 Block A, Aceh.

Issued a Global
Upstream- Reporting Initiatives
(GRI) compliant
2020
Downstream
Sustainability Report Weathering
LNG Operations and set 2018 – 2023
the Storm
Sustainability Goals.
Built the first
Indonesian LNG Celebrated 40th
project separating anniversary, weathered
upstream and the challenges posed by
downstream the COVID-19 pandemic
businesses, located and the collapse of
in Central Sulawesi. oil prices and energy
demand.

2013 2019
Renewable A Leader in
Energy Southeast Asia

Signed the world’s Acquisition of

largest single- Ophir Energy plc to

2021
contract geothermal become a leading
power project energy and natural
in Sarulla, North resources company
Sumatra. of Southeast Asia. Extending Reach

Granted extension
to manage Senoro-

2016
Toili PSC to 2047 and
signed an SPA to
acquire ConocoPhillips
Expansion Indonesian assets.
Introduced our Climate
Acquired interests Change Strategy with
in the South Natuna a commitment to
Sea Block B PSC, achieve Net Zero Scope
and the acquisition 1&2 by 2050 and Scope
of Amman Mineral 3 by 2060. Obtained
Nusa Tenggara, a ESG ratings (MSCI &
copper and gold Sustainalytics) upgrades
mining company. consistently since 2019.
 21

Thailand

Vietnam
26
22

20
25
15
19
23
1

18
Ma
lay
sia

2
3 16
Su
m
at
ra

Kalimantan
4 17

27
6
8 24
9

7 Java 11

10
13

12

Mexico Libya
Yemen
14

Tanzania Oman
MedcoEnergi at a Glance

MedcoEnergi is a leading Southeast Asian based energy

and natural resources company listed in the Indonesia
Stock Exchange (MEDC-IDX). With a strong ESG record and
committed to Net Zero, the Company is well placed to benefit
from the rapid economic growth in the region and the
growing demand for clean sustainable energy. MedcoEnergi
has three key business segments: Oil & Gas, Clean Power and
Copper Mining. It explores and produces oil and gas primarily
in Indonesia and is expanding its presence in Southeast Asia.
The Group operates gas, geothermal and hydro power plants
in Indonesia through Medco Power Indonesia and has a non-
consolidating interest in Amman Mineral Nusa Tenggara which
operates a large Indonesian copper and gold mine.

29

Sulawesi

Papua

28

1 Block A Aceh 11 Madura Offshore 21 Sinphuhorm, Thailand

2 Sarulla Geothermal 12 Bali Solar PV 22 Bualuang, Thailand

3 Riau CCPP 13 Batu Hijau & Elang 23 Bangkanai

4 Corridor 14 Sumbawa Solar PV 24 West Bangkanai

5 South Sumatra Region 15 PM322, Malaysia 25 Bengara

6 South Sumatra IPP 16 ORF, Singapore 26 Tarakan

7 Cibalapulang Mini Hydro 17 Batam IPP 27 Simenggaris

8 The Energy Building (HQ) 18 South Natuna Sea Block B 28 Senoro-Toili

9 Sampang 19 North Sokang 29 Donggi Senoro LNG

10 Ijen Geothermal 20 Block 12W, Vietnam

Production Installed Production

Development Development Development
Exploration Exploration

Oil & Gas Power Mining

Our Business

Oil & Gas

Revenue EBITDA

US$
1.1 billion
US$
806 milion

12 Onshore Production
Assets 5 Offshore Production
Assets

10 Exploration
Assets 9 Presence in
Countries

153 MBOEPD
Oil & Gas Production
490
2P Reserves
MMBOE

34 MBOPD
Oil Production
1,052
Contingent Resources
MMBOE

652
Gas Production
MMSCFD

25,000 ha

Mining
Mineral Mining
Rights Area

Data as of 30 Jun 2022

 Power

939 MW 1,925 MW
IPP Power O&M Power
Capacity Capacity

7 1 2 1
Operated Operated Operated Operated
Gas-fired Geothermal Mini Hydro Solar PV
IPPs IPP IPPs IPP

3,500
IPP sales guidance
GWh 22%
IPP sales from renewables

120,000 209
tons/day
Mlbs
Copper Production

351
Processing Facilities
Koz
Gold Production
Road to
Net Zero

2060
NET ZERO
2050
NET ZERO
Including scope 3 emissions Scope 1&2 emissions

2022 2025 2030

DELIVERING ON ESG INTERIM TARGET INTERIM TARGET
COMMITMENTS Issue first scope 3 Scope 1&2 Renewable
emissions target emission1 mix3
• Achieved 80% of
Sustainability Goals Scope 1&2 Renewable 30% 30%
• Issued Interim Climate emission1 mix3
Methane
Change Targets 20% 26% Emissions1
• Acquired Corridor PSC
Methane 37%
Emissions1
Production Production

160 mboepd 79% 25%

2021 2020 2019

COMMITED TO NET CUTTING EMISSION BASE
ZERO EMISSIONS YEAR
• Committed to Natuna scope 1&2 Production Production
achieve Net Zero emissions reduced
• Joined Climate 103mboepd 62%
by 20% since 2019 Scope 1&2 Renewable
Disclosure Project emission1 mix3
Scope 1&2 Renewable
5.1 million
28%
Scope 1&2 Renewable emission1 mix3
emission1 mix3 tCO2e
11% 28%
14% 28% Methane
Emissions1
Methane
Methane Emissions1 158 thousand
Emissions1 tCO2e
14%
17% MSCI ESG
Rating Sustainalytics
MSCI ESG
Sustainalytics
B 49.9
MSCI ESG Rating
Rating Sustainalytics
BB 46.9
BBB 42.2
2013 2016 2018
RENEWABLE EXPANSION SUSTAINABILITY
ENERGY • Acquired Natuna PSC REPORT
Signed Sarulla, the • Acquired Amman • GRI compliant
world’s largest single Mineral Nusa Tenggara Sustainability Report
contract geothermal • Set 2018-2023
Production Production
Sustainability Goals
66 mboepd 53%
1. E&P Scope 1&2 GHG and methane operational control emissions including Corridor & Ophir
2. Reduction from 2019 base year
3. Power renewable equity share installed capacity. Government of Indonesia target 2025: 23% and 2030: 25%
Oil & Gas

Corridor Senoro-Toili
South Sumatra, Indonesia Central Sulawesi, Indonesia

MedcoEnergi is the operator The block is operated by Joint

of and holds a 54% interest in Operating Body Pertamina
the Corridor PSC through an Medco E&P Tomori Sulawesi
acquisition which took place in (JOB Tomori). Three companies
2021 and closed in March 2022. hold participating interests: PT
Corridor PSC has two producing Pertamina Hulu Energi Sulawesi
oil fields and seven producing (50%), PT Medco E&P Tomori
gas fields located onshore South Sulawesi (30%) and Tomori E&P
Sumatra, Indonesia, adjacent Limited (20%). It is one of
to MedcoEnergi’s existing the largest gas producers in
operations. MedcoEnergi also Indonesia with an average output
has a minority interest in the of 340 MMSCFD from the Senoro
gas pipeline network supplying field. MedcoEnergi received a
Central Sumatra, Batam, and PSC contract extension for 20
Singapore customers. years from 2027.
Oil & Gas

South Natuna Sea Block B South Sumatra Region

Riau Islands, Indonesia South Sumatra, Indonesia

MedcoEnergi is the operator of MedcoEnergi operates three

and holds a 40% interest in the PSC’s in the region, namely South
South Natuna Sea Block B PSC. It Sumatra PSC with 65% interest,
consists of 11 offshore platforms, Rimau PSC with 60% interest
4 producing subsea fields and and Lematang PSC with 100%
one of the most sophisticated interest. Successful well servicing
floating production storage and and acidizing programs in 2021
offloading (FPSO) units in the significantly contributed to
world, the Belanak. MedcoEnergi production gains at Rimau and
also operates the West Natuna a gas turbine compressor was
Transportation System a 656 km installed at Lematang to prolong
28’’ gas trunk line to Singapore production.
and its Onshore Receiving
Facility. In 2022 the Company
produced first gas from Hiu field
Phase 2 development.
Block A Madura and Sampang
Aceh, Indonesia East Java, Indonesia

MedcoEnergi is the operator of MedcoEnergi is the operator of

and holds an 85% interest in the and holds a 67.5% interest in the
Block A PSC. The block has five Madura Offshore PSC, has 77.5%
gas fields, three of which were of the PSC’s Meliwis field and
developed in a phase one project 45% of the Sampang PSC. All are
(Alur Siwah, Alur Rambong and located in the East Java Basin
Julu Rayeu), and can deliver in the Madura Strait. Madura
up to 63 BBTUPD of gas and Offshore consists of three
2.4 MBOPD of condensate. producing gas fields: Maleo,
The Company conducted well Peluang and Meliwis. Sampang
intervention and optimization produces from the Wortel and
programs at Julu Rayeu wells Oyong gas fields.
and Alur Rambong to maintain
production.
Oil & Gas

Kalimantan Region Bualuang and Sinphuhorm

East & Central Kalimantan, Thailand
Indonesia
Bualuang B8/38 offshore
MedcoEnergi owns and operates producing block is wholly owned
a 100% interest in the Tarakan by MedcoEnergi. The field is
PSC and a 62.5% interest in Joint located offshore in the Gulf
Operating Body Pertamina - of Thailand consists of three
Medco E&P Simenggaris (JOB platforms producing to a leased
Simenggaris), both located in floating, storage and offloading
East Kalimantan. In Central (FSO) unit. The Company holds a
Kalimantan, the Company owns 9.5125% non-operated interest in
and operates a 70% interest in the Sinphuhorm gas field located
the producing block, Bangkanai on the Khorat Plateau, onshore
PSC and a 70% interest in northeast Thailand through its
the exploration block, West 27.1875% ownership of APICO.
Bangkanai PSC.
Chim Sao/Dua Fields, 12W Karim Small Fields
Vietnam Oman

MedcoEnergi holds a 31.875% MedcoEnergi holds an effective

non-operated interest in Block 58.5% operated interest in
12W in the Nam Con Son Basin, the Karim Small Field Service
offshore Vietnam. The block Contract. The concession is
consists of two producing fields: conducting an active infill drilling
the Chim Sao field with program to maintain production
its 20- slot wellhead platform, from 15 fields. In 2021, the
and the Dua field which has Company drilled 20 development
three subsea wells. Both fields wells. Water flood has been
produce oil through a leased implemented in several fields to
floating production storage and improve recovery. Oil production
offloading (FPSO) unit and the averaged 12,350 BOPD in 2021.
gas is sold through the Nam Con MedcoEnergi also holds 5% non
Son pipeline system. operated interest in the onshore
exploration Block 56 with a gross
area of 5,808 km2.
Power

Gas Fired IPP Geothermal IPP

Indonesia Indonesia

Medco Power owns and operates Medco Power operates the 330
three Gas IPPs: a mobile Gas MW Sarulla geothermal facility
IPP in Batam, two gas IPPs in in North Sumatra. Commercial
South Sumatra and one IPP in operation was achieved in 2017
Riau with total combined gross for unit 1 and 2, and subsequently
capacity of 565 MW. Medco in 2018 for unit 3. It is the world’s
Power Gas IPP operation in largest geothermal operation in a
Batam contributes majority of single contract. MedcoEnergi also
the total power supply in the holds other geothermal licenses
island. Riau 275 MW Gas Fired in Ijen, East Java and Bonjol, West
Combined Cycle Power Plant Sumatra.
was developed with its partner,
Ratch Group from Thailand, and
put into commercial operation in
February 2022.
Other Renewables IPP Operation & Maintenance
Indonesia Indonesia

Medco Power is expanding In addition to its IPP business,

into Solar PV with the newly Medco Power operates third-
operated Solar PV in Sumbawa party power plants via Operation
with 26 MWp capacity. Medco & Maintenance contracts with a
Power is also adding another total operating capacity of 1,925
Solar PV project in Bali with 2x25 MW. O&M contracts are held
MWp capacity and assessing with Tanjung Jati B Power Plant
a Solar Power import project in Jepara, Central Java, Sarulla
with an installed capacity of 670 Geothermal in Central Sumatra
MWp from Pulau Bulan, Riau to and a newly added contract in
Singapore. Medco Power also 2021 from Riau Combined Cycle
operates two mini-hydro assets Power Plant.
in West Java with an 18 MW
capacity.
Copper Mining

Copper and Gold Smelter Project

Sumbawa, Indonesia Benete, Sumbawa

PT Amman Mineral Nusa AMNT is building a copper

Tenggara (AMNT) owns and smelter and precious metals
operates the Batu Hijau refinery in Benete with 900,000
mine located on the island dry tonnes/annum capacity, in
of Sumbawa. The mining line with the reserves at Batu
concession covers an area of Hijau and Elang. Benete already
25,000 hectares that includes the has a processing facility with
Elang copper and gold resource 120,000 tpd capacity, grinding
located 60 km east of Batu Hijau facility, pipe assembly facilities
and several other exploration for tailings management,
prospects. Currently AMNT is warehousing, a 158 MW coal-
producing from Phase 7 of its fired power plant, port with ferry
Batu Hijau operation and is now terminal, air services and town
developing Phase 8 to extend the site.
mine life beyond 2030.
World-Class Human Capital

5,700 13,500
Employees Contractors

800 659*
Petro-Technical Training Courses
Professionals

* Excluding Corridor

1,963,100 659 5,055 5,826 60,302

Training Training Participants Total Total Training
Investment (USD) Course Mancourse Hours

The development of our people employees by investing

plays an important role in USD 2 million in various training
securing our long-term success. courses suited to individual
In MedcoEnergi we prioritize needs.
developing the capacity of our

COMMITMENT
TO THE HIGHEST
STANDARD

Protecting our employees and

contractors is an integral part of
how we conduct our business.
MedcoEnergi requires all of its
business units to adopt a system that
is fully compliant with the prevailing
laws and regulations as well as
being in line with international best
practices.
 Environmental, Social &
Governance
Three ESG Pillars Leadership of and by Our Employees
underpin our Environment and Social Development
Sustainability focus Local Community Empowerment

0.39 0.00 0.29

TRIR - E&P TRIR - Power TRIR - Total

US$1.98 million CSR Spending

15%
Reduced Oil & Gas Scope 1 & Scope 2
GHG Emissions in 2021 from 2019

8%
Reduced Oil & Gas Energy
Consumption in 2021 from 2019

Total Planted Area 2019 - 2021 Total Planted Area 2019 - 2021

Beyond regulatory Leasehold of Forest Area

requirements License (IPPKH)

66 hectares 187 hectares

Waste Reduction from

Zero Oil & Gas (tonnes)

Fatality
607 (↓35%)
Non-hazardous Waste
ISO 37001:2016
Certified for ISO
Zero Tier-1 37001:2016 Anti Bribery

1,467
Process Management System
Safety Event (↓35%) (ABMS)
Hazardous Waste
Total MedcoEnergi
PROMOTING A
BETTER FUTURE
We invest in the long term improvement of community livelihoods
and the environment to ensure that we are actively supporting the
creation of self-reliant communities aligned with the UN Sustainable
Development Goals.

MedcoEnergi endeavors to be a leading company in social practices

and acts responsibly wherever we operate. We believe that sustainable
business growth can only be achieved by integrating community
development into our activities.
PT Medco Energi Internasional Tbk

The Energy 53rd Fl.

SCBD Lot 11A
Jl. Jend. Sudirman, Kav. 52-53
Jakarta 12190, Indonesia
Tel: (62-21) 2995 3000
Fax: (62-21) 2995 3001
[email protected]
[email protected]
www.medcoenergi.com
www.medcoenergi.com