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Wrong Hilmi Panigoro?

Hilmi Panigoro

President Director

PT Medco Energi Internasional Tbk

HQ Phone:  +62 21 29953000

Email: h***@***.com


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I agree to the Terms of Service and Privacy Policy. I understand that I will receive a subscription to ZoomInfo Community Edition at no charge in exchange for downloading and installing the ZoomInfo Contact Contributor utility which, among other features, involves sharing my business contacts as well as headers and signature blocks from emails that I receive.

PT Medco Energi Internasional Tbk

The Energy 53nd Fl SCBD Lot 11A Jl Jend Sudirman

Jakarta, Jakarta,12190


Company Description

PT Medco Energi Internasional Tbk is an Indonesia-based integrated energy company. The Company is engaged in oil and gas exploration and production, drilling services, methanol production and the power generation industry. The Company holds working interests i... more

Find other employees at this company (34)

Background Information

Employment History


Medco Group

Chief Executive Officer

MedcoEnergi International Tbk




Credit Suisse First Boston LLC

Financial Advisor


Bandung Institute of Technology


Thunderbird School of Global Management

master's degree

Colorado School of Mines

Web References(137 Total References)

MNCs in the News-2017-03-24 | Wong MNC Center [cached]

Hilmi Panigoro, President Director of PT Medco Energi Internasional, suggested that the Indonesian government "should be more flexible and take into account Indonesia's investment competitiveness if the government wants to attract more foreign investors.
Hilmi also mentioned that foreign investors generally prefer locations with a high return on investment, geological convenience, infrastructure soundness, fiscal requirement, and political stability ("Oil and Gas Investors Urge Gov't to Formulate Flexible Policies," Tempo.Co, March 25, 2017,

Hilmi Panigoro, chairman of Indonesian energy firm PT Medco Energi International Tbk, gestures during an interview in Jakarta August 2, 2010.

Hilmi Panigoro, President Commissioner,PT Medco Energi Internasional

Hilmi Panigoro, the President Commissioner of PT Medco Energi International Tbk, the country's largest private energy company, said that demand of energy in the last 10 years has been resulting in massive deforestation and damaging environment.
"Managing challenge of fulfilling demand of energy and maintaining environment preservation is our biggest challenge as an oil and gas company for a better future," said Hilmi. He said that a major deforestation has been happening in Sumatra Island as the consequence of massive coal mining for energy. He added that Indonesia's demand of coal would increase three times in 2025 compared to this year. "Unless we could make a breakthrough, demand of environmental unfriendly energy will keep rising," he said, adding that the consequence would be rising energy price. Hilmi made his statement on an event called "Indonesian Most Admired Knowledge Enterprise (MAKE) Study", a study on knowledge- base companies that gain admiration in the country.

late November, Hilmi Panigoro, chief executive officer of PT62. The Panigoros assets top $1 billion, according to Hilmi.InIn November, Hilmineeded stronger muscles, Hilmi says of the capital theThe find, which Hilmi says may hold reservesoffering later this year, according to Hilmi.In addition, Medcois considering bids for its majority stake in PT ApexindoHilmi nearly embarked on a music career.At age 19, he wonsecond prize in a national classical guitar competition and aHilmi took that advice and graduated from the BandungInstitute of Technology in 1981.He then earned a mastersdegree from the Colorado School of Mines in Golden, Colorado,Hilmi predicted last year that the companysHilmi had spent 15 years as a geologist and seniorexecutive at the Indonesian unit of Houston-based Vico ServicesLtd. (formerly Huffco).He joined Medco in 1997, the year theregional financial crisis struck.Eventually, the upheaval wouldtear Medco from the Panigoros grasp. rescheduling of debt — appealing and begging, Hilmi recalls. Hilmi took charge as CEO in 2001.Today, he says he was"very happy when Arifin left politics, removing potentialconflicts of interest."When he was in politics, he had to puta certain distance from the company because he was the majorityshareholder, Hilmi says."It was a liability. As the regional economy clawed its way back, Hilmi focusedon Medcos growth.Three weeks later, Hilmi announced that the Panigoros wouldfight Temasek.More was at stake than a cold business deal."The Panigoro family wants to retain national pride by buyingback Medco, Hilmi announced at the time. Hilmi needed almost half a billion dollars, and their deadlinewas six weeks away.Merrill and UOB recommended a leveragedbuyout followed by a secondary equity offering."Arifin andHilmi made very fast decisions, Suyama recalls. Today, Hilmi says his goal for Medco is to more than doubleits market valuation to $5 billion and reach net income of $500million by the end of 2012, from $38 million at the end of 06. "If I can deliver all the projects already in the pipelinetoday on budget and on time, it will be a $5 billion company,he says. Once thats accomplished, Hilmi says, hell step down asHilmi says hes grooming several managers, none of whom comefrom the family — including siblings.control the company with no debt at the family level, Hilmisays. "That feels so good. Hilmi says hes never regretted giving up a career as aclassical guitarist.He has a collection of seven of the worldsfinest guitars, including a Japanese Kohno, whose Professional-Jmodel lists in the U.S. for $6,999, and a flamenco guitarpassion, Hilmi says. Hilmis business passion is now focused on shoring upMedcos corps of petroleum engineers and geologists amid keencompetition for experienced employees, he says.Beyond top

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