South East Asian energy and natural resources company MedcoEnergi has agreed to acquire operating interests in two production sharing contracts (PSCs) in South Sumatra, Indonesia, from Repsol, for up to $90m (Rp1.49trn). Under the terms of the deal, Medco will acquire a 45% stake in the Sakakemang PSC and an 80% interest in the South Sakakemang PSC upon receiving approval from the Government of Indonesia. The Sakakemang PSC, adjacent to Medco’s existing operations at the Corridor PSC, has received develo ...