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PT Medco Energi Internasional Tbk (MEYYY)

Other OTC - Other OTC Delayed Price. Currency in USD
4.42000.0000 (0.00%)
As of 01:49PM EST. Market open.
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  • Reuters

    CORRECTED-UPDATE 3-ConocoPhillips offloads Indonesia assets in Asia-Pacific revamp (Dec. 9)

    U.S. oil and gas producer ConocoPhillips will quit Indonesia, selling its assets there for $1.355 billion to domestic energy company Medco Energi Internasional , and beef up in Australia as it continues to reshape. The deals follow ConocoPhillips move to double down on U.S. shale with a $9.5 billion purchase of Royal Dutch Shell's West Texas properties and a $13.3 billion deal for Concho Resources, and its exit from U.S. offshore and British North Sea fields. The largest U.S. independent oil producer said on Wednesday it would sell its subsidiary that indirectly owns a 54% stake in the Indonesia Corridor Block Production Sharing Contract (PSC), which has two oil fields and seven gas fields, and a 35% shareholding interest in Transasia Pipeline Company.

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