Kodeco Energy Co., Ltd. is the operator of the West
madura Production Sharing Contract (PSC) in
Indonesia and is engaged in oil and natural gas
exploration and exploitation. Established in May 7,
1981, Kodeco began its first activity in 1984 and
was successful in introducing gas production to East
Java with the completion of the Gas Pipeline Project
in 1993.
Korea Development Co., Ltd., a sister company of
Kodeco Energy, is the operator of the Poleng
Technical Assistance Agreement (TAC) established in
1993. It is located next to the PSC contract area.
The PSC and TAC share production facilities and
current oil production of 14.000 bopd and gas
production of 92 mmscfd are maintained through
offshore facilities located Northwest of Madura
Island and are supported by an onshore base and gas
receiving facilities located in Gresik, East Java.
New developments, including KE-40, KE-30, KE-32,
KE-38, KE-39, KE-54, and Poleng Fields, and
facilities will contribute substantial increases to
the Company’s current oil and gas production
capacities. With the dedication of 250 skilled and
experienced employees and the support of
cutting-edge technology and expertise in drilling
and exploration, Kodeco has grown to be a major gas
producer in East Java.
Kodeco’s commitment to health, safety, and
environment is fundamental to successful execution
of contracts. We will continue to increase the
quality of life for local communities surrounding
our facilities through constructive community
development programs and by maintaining a harmonious
relationship with the government.