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Monday, July 17, 2017       09:52 WIB
PremierInsight: MEDC targets initial gas production from Block A Aceh will start in 1Q18

Medco Internasional (MEDC IJ; Rp2,380; Not Rated) targets initial gas production from Block A Aceh will start in 1Q18 as the project development is on schedule and has reached 49% completion. MEDC owns 85% ownership on the block after the acquisition of 16.67% stake from Japex, and 26.67% stake from KrisEnergy in 2016. Gas production from this block is expected to reach 58 MMBtuD. In 1Q17, MEDC’s gas production increased 41.7% yoy to 91.4 MBOEPD. (Bisnis Indonesia)

 

 

Sumber : IPS RESEARCH


 





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