Energi Mega Persada's Gebang Block Gas Field Likely New Growth Driver -- Market Talk

Dow Jones
2025/10/21

0056 GMT - Energi Mega Persada's Gebang Block gas field is likely a new gateway to growth, UOB Kay Hian analysts say in a research report. This block's first gas is targeted for 1H 2027 at 7 millions of barrels of oil equivalent per day and a planned ramp-up to 17 MMBOED by 2030, the analysts say. At 7 MMBOED, the block would account for around 15% of the upstream oil and gas company's current gas output, offering a medium-term uplift. The Indonesian company's reduction in cost of funds to 9.9% in 2024 from 15.05% in 2018 enables it to buy producing assets. The brokerage initiates coverage of the stock with a buy rating and a target price of IDR1,600.00. Shares last closed at IDR940.00. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

October 20, 2025 20:56 ET (00:56 GMT)

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