Lashing Cargo For Medco Senoro Field

PT. Medco E&P Indonesia was appointment our good company for lashing survey done by Carsurin Batam, each vessel bring all cargo material should be check by our company ensure his condition and satisfactory voyage until reach the destination.

Batam as a free trade zone area become home based warehousing for all material and equipment from principal and shipper as oil company or transit area, transportation out from Batam done survey by our company.Medco To Sell Libya's Oil Block Shares For Donggi-Senoro's Development, as per cargo mv. kota bagan was load cargo for medco senoro,

Libya's K47 oil block

PT. Medco E&P Indonesia will release some of its ownership at Libya's K47 oil block to obtain fresh capital for the Donggi-Senoro gas project development, Medco's President Director Budi Basuki announced on Tuesday, 5 May 2009. The company has been in cooperation with the China National Petroleum Company to operate the Libyan oil block.

Mr. Basuki was quoted as saying that his company would not fully pullout of Libya, as it would only release 50% stakes at the K47 block. He did not however elaborate on how big the acquirement or the targeted total amount of purchase would be. The company could also opt to put the offered stake as loan collateral, he added.

Medco would be in a 50-50 partnership with Pertamina for the Senoro upstream projects. It would acquire 20% shares in the Donggi-Senoro consortium, along with Pertamina with 29% and Mitsubishi Corporation as the majority holder with 51% ownership.