Medco Energi has agreed to acquire a 45% operating interest in the Sakakemang PSC and an 80% operating interest in the South Sakakemang PSC, located in South Sumatra, Indonesia, subject to Government of Indonesia approval. The Sakakemang PSC has an approved Plan of Development from the Indonesian Government and is adjacent to the Medco-operated Corridor PSC. The acquisition follows the recent expansion of the Corridor PSC, and the award of the South Sumatra Amanah exploration PSC to Medco. Additionally, in a series of separate transactions, MedcoEnergi has acquired a further interest in PT Transportasi Gas Indonesia ('TGI') raising its effective ownership to 40%. Roberto Lorato, Chief Executive Officer of MedcoEnergi, stated, 'These acquisitions, ~US$90 million in total, strengthen the Company’s strategic position in South Sumatra and Java’s integrated gas value chain.