PT Medco Energi Internasional Tbk (MedcoEnergi) is a publicly listed Indonesian oil and gas company with current operations in Indonesia as well as in overseas, including Libya, Oman, Papua New Guinea, Tunisia, United States of America and Yemen. MedcoEnergi was founded in 1980 by Arifin Panigoro, one of the Indonesia’s leading oil and gas businessmen, as the first private national oil and gas drilling company. Within over three decades we have significantly grown our business and built a solid fundamental for our human capital and array of portfolios from all over the world, especially in Indonesia and Middle Eastern and North African countries. In operations, we have enabled to largely maintain oil and gas volume production, by arresting the rate of production decline from our oil and gas fields to below 10% year-onyear, against the industry trend of 20-25%. We are also able to pursue our EOR pilot project to learn that we can effectively apply the technology on oil fields that comprised of limestone formation, a procedure that had never done anywhere in the world. In 2013, we made a major change on the way we operate our fields. The operation organization has been moved from the headquarter-centric base to a full field-based station. This change will have bring two major improvements to the Company, namely increased agility and responsiveness of the operations team in responding to issues and challenges at the fields/sites, as well as a more streamlined headquarter structure, enabling better focus on planning and strategic pursuits. Foreword from President Director & CEO To support the Company’s growth agenda, we have kicked off several major development projects in MedcoEnergi. We have seen tangible results of our major project development progress and we are clearly excited about this. The completion of these major projects will indeed support the growth of the Company from the year 2015 onwards, not only in the domestic level but also in the international level. To strengthen and expand our existence in international arena, we have formed a new directorate of International E&P and New Ventures to manage the Company’s overseas assets. With ongoing support from all stakeholders, we are pleased to share some of our success stories in oil and gas production as well as our tireless efforts to look for more oil and gas through exploration programs as well as selective opportunity in oil and gas assets acquisition in Indonesia and overseas. The Company is set to double its current production rate in the near future by delivering successful major projects, growing its reserves organically through high-graded exploration activities and successful acquisition programs, while always complying with the highest safety, health and environmental standards. Our aim is to maximize values for our stakeholders. We welcome your interest, involvement and support as we continue to pursue aggressively the Company’s growth agenda.