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The customer is the state owned company Pertamina, with an agreed gas price of US$ 9.45 per MMBTU.

This contract demonstrates the Company’s support to the development of the Indonesian domestic gas market, at the same time creating value for the company and establishing a vital economic presence in the province of Aceh.

The acquisition of Ophir will increase Medco Energi’s 2019 pro forma production by approximately 29% to 110 Mboepd, and combined 2P reserves by 86% to 1,439 MMboe.

As the world's largest single-contract geothermal power project upon completion, the plant is envisioned to provide clean and sustainable electricity in Indonesia and expected to reduce carbon dioxide emission up to 1.3 million tonnes a year.

In January 2015, Medco Energi inked a Gas Sales Agreement of over US$ 2 billion in value, monetizing 200 BCF reserves from the Block A Production Sharing Contract in Aceh Province, Indonesia.

Moving forward, we will continue to invest in the future.

An offshore PSC located in the South Natuna Sea with a large hydrocarbon base and best in class Health, Safety, and Environmental records.

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