Medco Energi plans

Indonesia’s Medco Energi wants to move ahead with its Ghadames Basin development and restart exploration in the near future. Chief exploration and new ventures officer Faiz Shahab told Global Pacific’s Maghreb, East Mediterranean and Middle East Upstream conference in Paris on 5 June that it planned to develop six of the 18 discoveries in its Ghadames Basin Area 47, which is by far the most successful licence awarded in the past nine years.