Indonesia Energy Corp to begin drilling at Kruh block by year end

Jakarta-based Indonesia Energy Corporation (IEC) will begin drilling new production wells at the onshore Kruh block in Indonesia by the end of 2024, having completed the recording of 29 km² of new 3D seismic data at the block, the company announced on July 16.

IEC will now begin processing and detailed interpretation of the seismic data to optimise the selection of drilling locations in its Kruh, North Kruh, and West Kruh fields. The company anticipates that the results of this seismic work may allow it to drill new production wells by the end of the year.

Additionally, IEC announced that it expects to commence operations before the end of the year at its 650,000-acre Citarum block, where reserves could potentially exceed 1bn barrels of oil equivalent.

As the operator of the Kruh block, IEC’s 3D seismic programme is focused on existing proved reservoirs in the Talangakar and Lemat formations, as well as the shallow oil and gas zones in the K-28 well discovered by IEC in 2022.

In September 2023, IEC announced that its joint operation contract with Pertamina, the Indonesian state-owned oil and gas company, covering the Kruh block was extended by five years, from May 2030 to September 2035. The Kruh Block covers approximately 63,000 acres and is located onshore on the island of South Sumatra in Indonesia.

At the Citarum block, IEC’s recent receipt of government environmental permits paves the way to expeditiously commence seismic operations, with plans to commence drilling next year. IEC estimates that the Citarum block has prospective oil-equivalent resources of over 1bn barrels of oil.