MedcoEnergi, short for PT Medco Energi Internasional Tbk, is an Indonesian energy

Energy

In physics, energy is an indirectly observed quantity. It is often understood as the ability a physical system has to do work on other physical systems...

 company that was founded on June 9, 1980. Started as drilling contractors, MedcoEnergi has transformed into an integrated energy company with business involvement in oil

Oil

An oil is any substance that is liquid at ambient temperatures and does not mix with water but may mix with other oils and organic solvents. This general definition includes vegetable oils, volatile essential oils, petrochemical oils, and synthetic oils....

 and gas

Gas

Gas is one of the three classical states of matter . Near absolute zero, a substance exists as a solid. As heat is added to this substance it melts into a liquid at its melting point , boils into a gas at its boiling point, and if heated high enough would enter a plasma state in which the electrons...

 exploration and production, downstream and power generation.

MedcoEnergi has the right to explore for and produce oil and gas under 15 different production sharing arrangements with BP Migas, Indonesia's national upstream oil and gas regulator, and in some cases, with Pertamina

Pertamina

Pertamina is an Indonesian government-owned corporation which extracts and refines the country's oil and gas reserves. It was created in August 1968 by the merger of Pertamin and Permina...

, Indonesia's state-owned national oil and gas company. As of December 31, 2008, MedcoEnergi produced crude oil and natural gas from nine contract areas located in Sumatra

Sumatra

Sumatra is an island in western Indonesia, westernmost of the Sunda Islands. It is the largest island entirely in Indonesia , and the sixth largest island in the world at 473,481 km2 with a population of 50,365,538...

, Java

Java

Java is an island of Indonesia. With a population of 135 million , it is the world's most populous island, and one of the most densely populated regions in the world. It is home to 60% of Indonesia's population. The Indonesian capital city, Jakarta, is in west Java...

, Sulawesi

Sulawesi

Sulawesi is one of the four larger Sunda Islands of Indonesia and is situated between Borneo and the Maluku Islands. In Indonesia, only Sumatra, Borneo, and Papua are larger in territory, and only Java and Sumatra have larger Indonesian populations.- Etymology :The Portuguese were the first to...

, Kalimantan

Kalimantan

In English, the term Kalimantan refers to the Indonesian portion of the island of Borneo, while in Indonesian, the term "Kalimantan" refers to the whole island of Borneo....

 and Natuna in Indonesia, and had six exploration contracts and one economic interest in other areas in Indonesia. MedcoEnergi also has stakes in fifteen U.S. blocks as well as one exploration block in Libya

Libya

Libya is an African country in the Maghreb region of North Africa bordered by the Mediterranean Sea to the north, Egypt to the east, Sudan to the southeast, Chad and Niger to the south, and Algeria and Tunisia to the west....

, two exploration block in Yemen

Yemen

The Republic of Yemen , commonly known as Yemen , is a country located in the Middle East, occupying the southwestern to southern end of the Arabian Peninsula. It is bordered by Saudi Arabia to the north, the Red Sea to the west, and Oman to the east....

, one exploration block in Tunisia

Tunisia

Tunisia , officially the Tunisian RepublicThe long name of Tunisia in other languages used in the country is: , is the northernmost country in Africa. It is a Maghreb country and is bordered by Algeria to the west, Libya to the southeast, and the Mediterranean Sea to the north and east. Its area...

 and two exploration blocks in Cambodia

Cambodia

Cambodia , officially known as the Kingdom of Cambodia, is a country located in the southern portion of the Indochina Peninsula in Southeast Asia...

. MedcoEnergi also holds one exploration and development service contract for producing block in Oman

Oman

Oman , officially called the Sultanate of Oman , is an Arab state in southwest Asia on the southeast coast of the Arabian Peninsula. It is bordered by the United Arab Emirates to the northwest, Saudi Arabia to the west, and Yemen to the southwest. The coast is formed by the Arabian Sea on the...

.

Medco Energi Mining International

Medco Energi Mining International (MEMI), a subsidiary of Medco Energi International, announced that at the end of 2011 will initial produce 500,000 tons of 7,000 high kilo calories coal which will be exported to China

China

Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...

 from 2 mining companies have been acquired by MEMI in 2009, located in Nunukan

Nunukan

Nunukan is a regency of East Kalimantan in Indonesia.Nunukan is also the name of an island within this regency. It has an area of 226 km2. Nunukan borders with the Malaysian state of Sabah to the north, and Bulungan Regency and Malinau Regency to the south....

, East Kalimantan

East Kalimantan

East Kalimantan is the second largest Indonesian province, located on the Kalimantan region on the east of Borneo island. The resource-rich province has two major cities, Samarinda and Balikpapan...

.