Indonesia M&A - MedcoEnergi acquire Repsol's interest in the Sakakemang / South Sakakemang PSCs

(Originally published on September 17, 2025)

Yesterday, MedcoEnergi announced a deal to acquire Repsol's remaining upstream interests in Indonesia, namely a 45% operated stake in the Sakakemang PSC and an 80% operated stake in the South Sakakemang PSC. A deal value of about US $90 million has been mentioned, although this figure may also include separate deals that saw MedcoEnergi increase their stake in pipeline infrastructure in Sumatra.