About Us

Medco Energy receive an additional 25 years of operation in Karim Small Fields, Oman The official name of Bank Saudara was changed to Bank Woori Saudara Biogas power plant in Mojokerto, East Java

Merger between Bank Woori Indonesia and Bank Saudara Acquire eight oil and gas working areas in Tunisia

Develop rubber plantation in Merangin, Jambi Acquires Malik Block 9, Yemen

Develop rubber plantation in Merangin, Jambi Pilot project for Oil Enhanced Recovery (EOR) with polymer and surfactants injections in Rimau block

Merger between Bank Woori Indonesia and Bank Saudara Acquire eight oil and gas working areas in Tunisia

Starts the development of plantation in Bengkulu

Build M Learning Centre

Develop CSR programs through Medco Foundation Develop ethanol in Lampung

Bank Saudara go public Set up mining business Exploration and production in Oman, Yemen, The United States, and Cambodia

Power plant in Batam and Jepara Medco Energi operate in Libya

Power plant inBatam and Jepara Medco Energi operate in Libya

Develop Liquid Petroleum Gas (LPG)

Methanol industries

Discovers new oil reserves in Rimau Block South Sumatera (the biggest oil discovery in Southeast Asia in 1996)

Stanvac acquisition

Medco Energi go public

Oil palm industries in Central Kalimantan Operates venture capital company to support small and medium-size enterprises

Acquires Tesoro, East Kalimantan Aquire Bank Himpunan Saudara

Manage Graha Niaga (property)

Hotel business in Bandung, Bali, and West Sumatera

Construction and fabrication business (Multifab)

Oil and gas drilling services