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PT Medco Energi Internasional Tbk                             Tel +62-21 2995 3000
The Energy 53rd Fl., SCBD Area Lot 11 A                       Fax +62-21 2995 3001
Jl. Jend. Sudirman, Jakarta 12190                             www.medcoenergi.com
Indonesia




                 MedcoEnergi Commences First Production from the Terubuk WHP-M Project
Jakarta, 29 July 2025 – PT Medco Energi Internasional Tbk (MedcoEnergi), through its subsidiary Medco
E&P Natuna Ltd., has announced the successful first production from the Terubuk Well Head Platform
(WHP) M Project in the South Natuna Sea Block B, which began on July 25. This project increases
Terubuk's production capacity to 6,600 bopd of oil and 60 mmscfd of gas, contributing to MedcoEnergi’s
ongoing support for national energy security and production targets.

This project also recorded the completion of topside fabrication within six months, well below the average
offshore project duration of 10 - 12 months. All phases of the project were executed entirely by Indonesian
talent, underscoring the nation's ability to deliver world-class solutions in the energy industry.

The Terubuk Project, which includes WHP-L and WHP-M, also recorded over 750,000 safe working hours
without incident, affirming MedcoEnergi's commitment to the highest safety standards. WHP-M also
integrates innovation and sustainability principles with the use of solar PV as a supporting energy source,
as well as the implementation of Digital Microwave Radio and Integrated Control & Safety Systems for
remote monitoring and control, to enhance operational efficiency and reliability.

Director & Chief Operating Officer MedcoEnergi, Ronald Gunawan, stated, "We appreciate the full support
from the Government, SKK Migas, the Ministry of Energy and Mineral Resources, and all involved parties,
which enabled WHP-M to reach the sail away and onstream stages in a relatively short time. The
innovation in this project management sets a new standard for rapid, efficient, and sustainable marginal
field development, and reflects the capabilities of our nation's talent in delivering energy projects.” (***)

PT Medco Energi Internasional Tbk (“MedcoEnergi”) is a leading Southeast Asian energy and natural resources company listed on the Indonesia Stock Exchange
(MEDC-IDX). MedcoEnergi has three key business segments, Oil & Gas, Power and Copper & Gold Mining. MedcoEnergi explores for and produces oil and gas
primarily in Indonesia. The Group operates gas, PV, geothermal and hydro power plants in Indonesia through Medco Power and has a non-consolidated interest
in Amman Mineral Internasional Tbk which operates a large copper and gold mine in Indonesia.

This document may contain projections, plans, strategies, policies and objectives of MedcoEnergi which should be treated as forward looking statements within
the meaning of applicable law. Forward looking statements, by their nature, involve risks and uncertainties that could cause actual results to differ materially
from those expressed or implied in these statements. The Company does not guarantee that any action taken in reliance on this document will bring specific
results.


                                                             For further information please call:
                                  Corporate Secretary | Investor Relations | Tel: (62-21) 2995 3000, Fax: (62-21) 2995 3001
                                   Email: corporate.secretary@medcoenergi.com | investor.relations@medcoenergi.com
                                                              Website: www.medcoenergi.com

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Names mentioned 6 people and organisations named in the text · linked when the evidence is strong

linked org Medco Energi Internasional Tbk p.1 ×8
linked person Ronald Gunawan p.1
unresolved org P Natuna Ltd. p.1
unresolved org Ministry of Energy and Mineral Resources p.1
unresolved org Indonesia Stock Exchange p.1

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