Indonesian Political, Business & Finance News

Medco may resume production 'soon'

| Source: AP

Medco may resume production 'soon'

JAKARTA: PT Medco Energi Internasional, Indonesia's biggest publicly traded oil company, said it's inspecting its oil and gas area in the Gulf of Mexico and may resume production "in a few weeks."

The company had halted oil and gas operations in offshore Louisiana in the U.S. after Hurricane Katrina struck on Aug. 29, President Hilmi Panigoro said in a statement.

The oil and gas output from the East Cameron-Main Pass Gulf of Mexico fields contributed about 0.5 percent of the company's average total oil and gas production in the first half this year, Panigoro said in an e-mail.

"Repairs and further inspections of the Main Pass block will take a few days and production is expected to resume in a few weeks," Panigoro said. "The Louisiana onshore oil and gas infrastructure are damaged and would take a few weeks to repair." --AP

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