MedcoEnergi Announces Completion of Ophir Vietnam Block 12W B.V. Divestment

Jakarta, 19 April 2024 - PT Medco Energi Internasional Tbk. ("MedcoEnergi" or the "Company") announces the successful completion of the divestment of its entire share capital of Ophir Vietnam Block 12W B.V. ("OVBV") to Bitexco Energy Company Limited (the "Transaction").

OVBV holds a 31.875% participating interest in Chim Sao and Dua ("Block 12W"), the producing oil and gas field located in Vietnam.

Roberto Lorato, CEO, Said, "This divestment aligns with MedcoEnergi's strategy of active portfolio management through targeted acquisitions and divestments. We appreciate Bitexco's cooperation during the transaction and expect the fields to continue to add value for the new owners."