Eni signs deals to sell stakes in select Indonesian assets to Medco, Pertamina

The transactions involve a 10 percent interest in four oil and gas blocks and participation rights in East Kalimantan gas projects, as well as a 10 percent interest in Production Sharing Contracts covering the Kutei Basin. The buyers are domestic firms Medco Energi and state‑owned Pertamina. Coverage of the deals appears across a range of outlets. Reuters leads with a concise report that Eni is selling stakes to Medco and Pertamina.

Yahoo Finance and Investing.com echo the 10 percent acquisition by Medco Energi of four Eni blocks. Indonesia Business Post and The Jakarta Post focus on the joint acquisition by Pertamina and Medco of East Kalimantan gas assets. marketscreener.com details the transfer of the Kutei Basin contracts, while Agenzia Nova notes the signing of two separate agreements. The transactions occur against a backdrop of growing domestic participation in Indonesia’s hydrocarbon sector. East Kalimantan and the Kutei Basin are key gas‑rich regions that have attracted multinational investment for years.

Eni’s decision to divest minority interests aligns with a broader trend of foreign operators partnering with national companies such as Pertamina and private players like Medco Energi to share risk and secure local backing. Future reporting will likely track the regulatory approvals required for the stake transfers, any operational changes at the affected blocks, and whether Eni pursues additional asset sales in the region. Observers will also watch how Pertamina and Medco integrate the new participation rights into their production plans and whether the partnerships influence future upstream contracts in Indonesia.