About Us

Milestones

2015

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

2014

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

2012

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

2012

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

2014

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

2011

Starts the development of plantation in Bengkulu

2008

Build M Learning Centre

2007

Develop CSR programs through Medco Foundation Develop ethanol in Lampung

2006

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

2005

Power plant in Batam and Jepara Medco Energi operate in Libya

2005

Power plant inBatam and Jepara Medco Energi operate in Libya

2001

Develop Liquid Petroleum Gas (LPG)

1997

Methanol industries

1996

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

1995

Stanvac acquisition

1994

Medco Energi go public

1993

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

1992

Acquires Tesoro, East Kalimantan Aquire Bank Himpunan Saudara

1991

Manage Graha Niaga (property)

1984

Hotel business in Bandung, Bali, and West Sumatera

1983

Construction and fabrication business (Multifab)

1980

Oil and gas drilling services