PT Medco Energi Internasional Tbk 2024 AR2
The report highlights MedcoEnergi's strong operational and financial performance in 2024, achieving above-guidance oil and gas production of 152 mboepd and power sales of 4,108 GWh, with renewables contributing 20%. The company achieved significant milestones, including first gas from the West Belut platform in Natuna and the mechanical completion of the Ijen Geothermal Phase 1 project. Financially, MedcoEnergi increased its EBITDA to US$1,272 million and net income to US$367 million, while securing credit rating upgrades to BB- from S&P and Fitch. Additionally, the company improved its ESG credentials, earning an upgraded MSCI ESG rating of AA.
Company: PT Medco Energi Internasional Tbk
Sector: Energy
Country: Indonesia
Year: 2024
Type: AR2
Pages: 508
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PT Medco Energi Internasional Tbk
Annual Report
The report highlights MedcoEnergi's strong operational and financial performance in 2024, achieving above-guidance oil and gas production of 152 mboepd and power sales of 4,108 GWh, with renewables contributing 20%. The company achieved significant milestones, including first gas from the West Belut platform in Natuna and the mechanical completion of the Ijen Geothermal Phase 1 project. Financially, MedcoEnergi increased its EBITDA to US$1,272 million and net income to US$367 million, while securing credit rating upgrades to BB- from S&P and Fitch. Additionally, the company improved its ESG credentials, earning an upgraded MSCI ESG rating of AA.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Renewable Energy
Women in Management
Workplace Fatalities
Net Zero Target
Employees