About Us
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

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.

1994

1. MedcoEnergi go public.
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.

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

2006

1. Bank Saudara go public.
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)

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

2017

Launching of Swiss-Belinn Luwuk Hotel

2018

Soft-opening of the Swiss-Bellresort Dago Heritage Hotel

2019

MedcoEnergi expanded its oil & gas business portfolio with the acquisition of Ophir Energy plc.

2020

Establishes Meta Inti Duta to accommodate business incubator projects

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