Indonesia’s PT Medco Energi Internasional Tbk (MedcoEnergi) has obtained approval to increase manufacturing on the Bualuang Oil Area (Block B8/38) within the Gulf of Thailand to October 23, 2025.
MedcoEnergi stated in a media launch the Thai authorities had granted the allow to its items Medco Energi Thailand (Bualuang) Ltd. and Medco Energi Thailand (E&P) Ltd.
MedcoEnergi stated its long-term growth plan seeks to enhance Bualuang’s manufacturing and maximize asset worth by investing in facility debottlenecking, workovers, growth drilling, and near-field exploration.
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“We’re proud to obtain this extension, which underscores our dedication to operational excellence and sustainable growth in Thailand, whereas rewarding our funding proposition”, Roberto Lorato, Director and Chief Govt Officer of MedcoEnergi, stated.
The corporate stated the Bualuang manufacturing interval extension aligns with its strategic priorities to make sure sustainable progress and strengthen its place as a number one vitality firm in Southeast Asia.
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