Medco Energi Internasional named buyer of 10% stakes in four Eni PSCs
Published on 10/13/2026 at 08:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS- Eni said it will sell 10% interests in four Indonesian PSCs to Medco.
- The assets include the producing Jangkrik field and South Hub gas projects.
- Medco stock was at EUR 0.07 at Lang & Schwarz at 8:28 a.m. CEST.
Eni said on October 12, 2026, that it will sell Medco a 10% interest in four Indonesian production-sharing contracts. Medco Energi Internasional stock was at EUR 0.07 at Lang & Schwarz on October 13, 2026, at 8:28 a.m. CEST.
Pre-market indication
The Lang & Schwarz quote showed a bid of EUR 0.06 and an ask of EUR 0.08. The stock is being monitored ahead of the Xetra open.
Market context: Market report IDX Composite.
Eni transaction
According to Eni, the proposed sale covers the West Ganal, East Ganal, Ganal and Muara Bakau PSCs, which are operated by Searah, a 50-50 joint venture between Eni and Petronas. The assets include the producing Jangkrik field, the Maha, Gendalo and Gandang gas projects under the South Hub project, and the Geliga gas discovery.
Completion remains subject to customary governmental and regulatory approvals. Eni said the transaction is part of two agreements covering selected Indonesian upstream assets.
