PT Medco Energi International Tbk (MEDC) has revealed the abundant investment opportunities in the oil and gas sector in Indonesia. According to data from the Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas), there are 128 oil and gas blocks in Indonesia that have not been fully developed.
“What are the opportunities as business partners in Indonesia? It’s very clear, we have 128 blocks that have not been developed,” said Vice President Supply Chain Market MedcoEnergi Kenneth Gunawan, at the Breakfast Meeting of the Indonesian Petroleum Association (IPA) Convex 2025, at ICE BSD, Tangerang, on Tuesday (20/5/2025).
Kenneth explained that investments in upstream oil and gas in Indonesia have been systematically organized. Domestic and foreign investors can access the SKK Migas-managed website, which contains opportunities for investable oil and gas blocks.
Kenneth even considers this service to be the best in Southeast Asia. Investors can see the tender list for the next year.
“I think, if I may compare with other countries in Southeast Asia, Indonesia is the only one that has a tender list for all activities for the next year,” he said.
Based on SKK Migas regulations, Kenneth explained that Engineering, Procurement, Construction, and Installation (EPCI) onshore with a tender value between US$100 million and US$200 million, 30% of the contract. While for contracts valued as subcontractors above US$200 million, 50% of the contract value as consortium members and subcontractors.
Meanwhile, for offshore EPCI or deep-sea and swamp areas, the tender value is US$200 million, 30% of the contract value as subcontractors. Whereas above US$200 million, 50% of the contract value as consortium members and subcontractors.
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