Medco Energi agrees Eni deal. Medco Energi Internasional stock has IDR 31.9 trillion value
Published on 10/16/2026 at 10:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSPortfolio growth and earnings
- Medco Energi agreed on October 12, 2026, to acquire a 10 percent interest in four gas blocks.
- First-half 2026 revenue reached USD 1,415 million and net income reached USD 275 million.
- Medco Energi Internasional stock trades at EUR 0.06 at 9:58 a.m. CEST at Lang & Schwarz on October 16, 2026.
- BRI Danareksa raised its target from IDR 2,200 to IDR 2,300 on October 7, 2026.
Medco Energi Internasional (ISIN ID1000053705) was trading at EUR 0.06 at Lang & Schwarz on October 16, 2026, while its primary-market value stood at IDR 31.9 trillion. The company agreed on October 12, 2026, to acquire a 10 percent participating interest in four Eni gas blocks in Indonesia, according to The Edge Malaysia.
Four blocks broaden gas exposure
The agreement covers the Muara Bakau, Ganal, West Ganal and East Ganal production-sharing contracts in the Kutai Basin. The portfolio combines producing assets, development projects and exploration opportunities, including the Geliga gas discovery, which is estimated at 5 trillion cubic feet of gas and 300 million barrels of condensate, The Edge Malaysia reported on October 12, 2026.
What do the results show?
MedcoEnergi entered the deal after a sharp improvement in its first-half results. Its September 21, 2026, release reported revenue of USD 1,415 million, EBITDA of USD 805 million and net income attributable to owners of USD 275 million, while oil and gas production reached 170 thousand barrels of oil equivalent per day, MedcoEnergi said.
Three dates show the buildout
On September 21, 2026, MedcoEnergi reported first-half production of 170 thousand barrels of oil equivalent per day. On October 7, 2026, BRI Danareksa raised its target from IDR 2,200 to IDR 2,300, according to Kontan. On October 12, 2026, the company agreed to acquire 10 percent in the four Kutai Basin blocks.
What comes next for production?
MedcoEnergi expects first gas from Sakakemang in the third quarter of 2027, while Gendalo-Gandang is targeted to begin operating in 2028, according to Kontan. Both dates underline that the Eni transaction combines immediate production exposure with projects that require further development and approvals.
Stock stays tied to Indonesia
MedcoEnergi is an energy company with oil and gas, power and copper and gold mining activities. Its Indonesia Stock Exchange quote was IDR 1,290 on October 16, 2026, while the company remained focused on production growth and capital-intensive gas development. The stock was trading at EUR 0.06 at Lang & Schwarz on October 16, 2026, at 9:58 a.m. CEST.
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: Indonesia Stock Exchange
- Price Lang & Schwarz (as of October 16, 2026, 9:58 a.m. CEST): EUR 0.06
- Market capitalization: IDR 31.9 trillion (as of October 16, 2026)
- Sector / Industry: Energy / Oil and Gas Exploration and Production
Market context: Market report IDX Composite.
