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Press Release

Official published company information

21
Aug

Energi Mega Persada strengthens its business operations in Mozambique, Africa

PT Energi Mega Persada Tbk (“EMP” or “the Company”), an Indonesian upstream oil dan gas Company today reported that its subsidiary, Buzi Hydrocarbons Pte. Ltd (“BHPL”), has agreed on a business deal with its partner, Empressa Nacional de Hidrocarbonetos ((“ENH”), a state owned Company in Mozambique, to develop the Buzi EPCC gas block in Mozambique,...
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31
Jul

Energi Mega Persada reported positive 1H 2019 financial results

PT Energi Mega Persada Tbk (“EMP” or “the Company”) today reported positive 1H 2019 financial results. EMP recorded US$116 million Net Sales, US$42 million Operating Profit, and US$26 million Net Profit in the first semester 2019. Mr. Edoardus Ardianto, EMP’s CFO, said,”We have reduced out debt outstanding. This resulted in lower interest costs and higher...
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20
May

Energi Mega Persada announced increased gas output from its Bentu PSC Block in Riau, Sumatera

PT Energi Mega Persada Tbk (“EMP” or “the Company”) today reported that on the 7th of May 2019, its 100% owned and operated Bentu PSC Block has commenced the first gas output from its Segat Gas Plant II facility (“SGP II”) in Riau, Sumatera. The SGP II has production capacity of 60 million cubic feet...
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14
Mar

Energi Mega Persada reports first production from its new gas fields in the Kangean block

PT Energi Mega Persada Tbk. (“EMP” or “The Company”) today reported that its Sirasun and Batur gas fields has commenced gas production on March 10, 2019. Both fields are part of the TSB offshore gas field (“Terang, Sirasun, and Batur”) within the Kangean block, East Java. The TSB offshore gas field is located some 90...
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17
Dec

Energi Mega Persada completed the construction of 130 temporary housing and delivered them to the victims of the earthquake in North Lombok, Nusa Tenggara Barat

PT Energi Mega Persada Tbk. (“EMP” or “The Company”) today reported that on the 14th of December 2018, the Company completed the construction of 130 temporary housing and delivered them to the victims of the earthquake in the Dusun Boyotan Project, in the Gumantar Village, North Lombok, Nusa Tenggara Barat. Mr Achmad Badrun, V.P. Corporate...
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31
Oct

EMP Recorded Lower Sales YoY but Explains Plan for Growth in 2019

Jakarta, 31 October 2018 PT Energi Mega Persada Tbk. (“EMP” or “the Company”) today announced its 1H 2018 financial results. The Company recorded lower sales due to the lower gas utilization by the end users. However, such gas usage is expected to rise toward end of the year as the Gas Sales & Purchase Agreement are on...
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31
Jul

Energi Mega Persada Report Its 1Q 2018 Financial Results

PT Energi Mega Persada Tbk. (“EMP” or “the Company”) today reported that it has submitted its 1Q 2018 financial results to the Indonesia Stock Exchange and the Financial Services Authority (Otoritas Jasa Keuangan). EMP reported $66 million Sales, $14 million Operating Profit, and $1 million of Net Profit in the first quarter 2018. The Company...
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29
Jun

EMP Reports Profitable Operation During Full Year 2017 Financial Results

PT Energi Mega Persada Tbk. (“EMP” or “the Company”) reports its audited full year 2017 financial results. Despite the 40% Sales decrease, the Company manages to book $120 million Operating Profit and $24.4 million Net Profit. Mr. Syailendra Bakrie, the Company’s Deputy CEO, explained,”The sales drop was due to the fact that we no longer...
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14
Feb

EMP’s subsidiary signed Gas Sales & Purchase Agreement to increase gas output by 50 million cubic feet per day from its Bentu PSC Block in Riau, Sumatera

PT Energi Mega Persada Tbk. (**the Company” or “EMP”) today PT Energi Mega Persada Tbk. (“Perusahaan” atau “EMP”) announced that its subsidiary, EMP Bentu Limited, has signed a Gas Sales Agreement to sell gas output to PT Pertamina (Persero) (“Pertamina”). The agreement was signed on the 19th of January 2018 at the Pertamina’s office in...
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