NewzPT Medco Energi Internasional Tbk (MedcoEnergi) has officially acquired a 10 percent participating interest in the Kutai Basin Production Sharing Contract (PSC). The company confirmed the acquisition through a formal announcement regarding the signing of the agreement.
This move represents a strategic expansion of MedcoEnergi's upstream portfolio within the Kutai Basin. The acquisition aligns with the company's ongoing efforts to strengthen its operational footprint in Indonesian oil and gas assets.
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