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Milestones
1980
Oil and gas drilling services
1983
Construction and fabrication business.
1987
Runs hotel business in Bandung, Bali, and West Sumatra.
1991
1. Acquires Bank Tabungan Himpoenan Saoedara 1906.
2. Initiate cement industry in Gombong, Central Java
2. Initiate cement industry in Gombong, Central Java
1992
Acquires Tesoro, East Kalimantan.
1993
1. Oil palm industries in Central Kalimantan.
2. Operates venture capital company to support small enterprises.
3. Bank HS 1906 changes from savings bank to general bank.
2. Operates venture capital company to support small enterprises.
3. Bank HS 1906 changes from savings bank to general bank.
1994
1. MedcoEnergi go public.
2. Initiate the development of The Energy Building project.
3. Enters instant noodle business.
2. Initiate the development of The Energy Building project.
3. Enters instant noodle business.
1995
STANVAC acquisition
1996
1. Discovers new oil reserves in Rimau Block South Sumatra (the biggest oil discovery in South East Asia in 1996).
2. Runs Information Technology business.
2. Runs Information Technology business.
1997
Methanol industry
2001
Develop Liquid Petroleum Gas (LPG)
2003
Develops Corporate Social Responsibility (CSR) program through Medco Foundation.
2005
1. Power plant in Batam and Jepara.
2. MedcoEnergi operates in Libya.
3. Develops ethanol industry in Lampung
2. MedcoEnergi operates in Libya.
3. Develops ethanol industry in Lampung
2006
1. Bank Saudara go public.
2. Set up mining business exploration and production in Oman, Yemen, The United States and Cambodia.
2. Set up mining business exploration and production in Oman, Yemen, The United States and Cambodia.
2007
Pioneers integrated food and energy business in Merauke.
2008
Establishes Medco Learning Center (MLC)
2013
Focus in education sector through Yayasan Pendidikan Avicenna Prestasi (YPAP)
2014
Merger between Bank Woori Indonesia and Bank Saudara
2015
1. MedcoEnergi received an additional 25 years of operation in Karim Small Fields, Oman.
2. The official name of Bank Saudara was changed into Bank Woori Saudara.
3. Eco-friendly rice farming business (Bali SRI Organik)
2. The official name of Bank Saudara was changed into Bank Woori Saudara.
3. Eco-friendly rice farming business (Bali SRI Organik)
2016
1. Acquired indirect ownership in copper and gold mining company, Amman Mineral Nusa Tenggara.
2. Acquired 40% operator ownership of the South Natuna Sea Block B
2. Acquired 40% operator ownership of the South Natuna Sea Block B
2017
Launching of Swiss-Belinn Luwuk Hotel
2019
MedcoEnergi expanded its oil & gas business portfolio with the acquisition of Ophir Energy plc.
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Jl. Ampera Raya 18-20, Cilandak Timur, Jakarta Selatan, Indonesia, 12560
+62 21 782 1671
+62 21 782 1771
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