JAKARTA - PT Medco Energi Internasional Tbk (MedcoEnergi) signed a natural gas commercialization agreement at the 50th Indonesia Petroleum Association Convention and Exhibition (IPA Convex) at the Indonesia Convention Exhibition (ICE), BSD City, on May 20, 2026.
MedcoEnergi Director & Chief Operating Officer, Ronald Gunawan, said this agreement is part of MedcoEnergi's ongoing efforts to ensure the availability of natural gas supplies to meet energy needs in Indonesia.
"For the Sakakemang Block, Medco E&P Sakakemang B.V., representing the Sakakemang Working Area KKKS partners and as the state gas seller, signed the framework of the Gas Purchase and Sale Agreement (PJBG) with PT Perusahaan Gas Negara Tbk and PT Pertamina Patra Niaga," he said in a statement to the media, Thursday, May 21.
Meanwhile, the gas sales volume reached a total of 159 TBTU for the period 2027-2037 with an estimated value of around 1.296 billion US dollars.
Meanwhile, the development of the Sakakemang Field is planned to be connected to the Corridor Work Area (WK) operated by Medco E&P Grissik Ltd to optimize the utilization of existing domestic gas infrastructure.
On the same occasion, MedcoEnergi through its affiliate, Medco E&P Grissik Ltd., on behalf of the partners of the Corridor Work Area Cooperative Work Contractor (KKKS), also signed the Fourth Amendment to the Gas Sales Agreement (PJBG) with PT Perusahaan Gas Negara Tbk.
The amendment includes the extension of the distribution of natural gas from the Corridor Block for the needs of Gas Fuel (BBG) in the South Sumatra, Riau, Lampung, Banten, Jakarta, and West Java regions according to the allocation from the Ministry of Energy and Mineral Resources (ESDM) of 4 BBTUD until 2030.
"This series of agreements reflects MedcoEnergi's commitment to continue supporting the utilization of natural gas for national economic growth through field development, infrastructure optimization, and cooperation with various parties," said Ronald.
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