PT. Energi Mega Persada Tbk ("EMP") is an active upstream oil and gas producing company operating within the Indonesian region. EMP went public in June 2004 with an IPO price of Rp.160 per share. On December 28, 2007, EMP traded at Rp. 1,480 per share, reflecting a market capitalization of over US$ 2.1 billion.

In August 2004, EMP indirectly acquired 100 working interests in the Kangean PSC at US$0.8 per boe based on the 2P reserves. The acquisition added another 242 mmboe to EMP's 2P reserves.

In January 2006, EMP acquired PT. Tunas Harapan Perkasa (THP) which consisted of 5 operating oil and gas assets (Semberah TAC, Gelam TAC, Korinci PSC, Bentu PSC, Gebang JOB/PSC) at US$3.5 per boe (based on 2P reserves). The acquisition added another 88 mmboe to EMP's 2P reserves.

In May 2007, EMP farmed out 50% of Kangean PSC to JAPEX and Mitsubishi. EMP remains as a single majority owner of Kangean PSC with 50% interest and received US$360 million proceed from the transaction. EMP used the proceed to improve its gearing position and to support its working capital requirements.

In June 2007, EMP formed a strategic alliance to co-operate a gas exploration asset (Suci KSO) in East Java together with PT. Indelberg Indonesia Perkasa and PERTAMINA.

In March 2008, EMP obtained approval from its shareholders during the E-GM to dilute its stake in Lapindo Brantas Inc from previously 100 % to 0.01%.

In April 2008, EMP acquired Tonga PSC for US$11,800,000.-. The block which is located in North Sumatera is estimated to have up to 90 mmboe resources and had made discovery of 850 barrels of oil per day in Tonga-1 well.

Today, EMP operates 8 oil and gas assets in Indonesia with an oil and gas reserves of 362 mmboe (based on 2P gross certified reserves). During year 2007, EMP produced an average of 24,200 boepd of oil and gas.