In a significant industry development, Skald, a company operating in the energy services sector, has been awarded a tender by Medco Energi, one of Indonesia’s largest and most established oil and gas companies.
While the specific contract details have not yet been disclosed, the award indicates that Skald will be delivering services or resources to support Medco Energi’s upstream operations, likely related to drilling, exploration, or field development.
Medco Energi: A Powerhouse in Southeast Asia
Medco Energi Internasional Tbk is a well-known name in Indonesia’s energy market. The company has a broad portfolio covering oil and gas exploration and production, as well as power generation across Indonesia and other international locations. As a publicly listed firm, Medco Energi frequently opens its projects to competitive bidding through formal tenders — an essential part of the procurement process in the oil and gas industry.
Skald’s Role: A Growing Name in Energy Services
While not much public information is available yet about Skald, winning a contract through a competitive tender from a player like Medco Energi suggests the company is making solid inroads into the Southeast Asian market. This move could be part of Skald’s strategy to expand its footprint in high-potential oil and gas regions.
What This Means for the Region
This partnership also highlights how energy companies in Southeast Asia are continuing to invest in upstream projects, even as the industry navigates global shifts in demand and energy transition. Tenders like this are signs of sustained momentum and activity, particularly in well-established markets like Indonesia.