Indonesia Energy Plans to Commence Drilling Two Wells at Kruh Block During the Remainder of 2025
Indonesia Energy Corporation (NYSE American: INDO) has announced plans to drill two new wells at its 63,000-acre Kruh Block in Q4 2025. The drilling program includes the Kruh-29 well with a planned depth of 3,400 ft and West Kruh-5 well with a planned depth of 5,200 ft, marking IEC's first drilling activity in West Kruh Field.
The drilling operations will utilize a 750 horsepower rig and follow extensive seismic work conducted during 2024-2025. The company expects to begin production from Kruh-29 by year-end 2025. Notably, IEC reported a 60% increase in proved gross reserves in May 2025, following investments in Kruh Block and 3D seismic work.
These wells are part of IEC's larger strategy to drill 18 total wells at Kruh Block in the coming years.
Indonesia Energy Corporation (NYSE American: INDO) ha annunciato l'intenzione di perforare due nuovi pozzi nel suo blocco Kruh di 63.000 acri nel quarto trimestre del 2025. Il programma di perforazione comprende il pozzo Kruh-29 con una profondità prevista di 3.400 piedi e il pozzo West Kruh-5 con una profondità prevista di 5.200 piedi, segnando la prima attività di perforazione di IEC nel giacimento West Kruh.
Le operazioni di perforazione utilizzeranno una trivella da 750 cavalli e seguiranno un ampio lavoro sismico svolto tra il 2024 e il 2025. L'azienda prevede di iniziare la produzione dal pozzo Kruh-29 entro la fine del 2025. È importante sottolineare che IEC ha riportato un aumento del 60% delle riserve lorde provate a maggio 2025, a seguito degli investimenti nel blocco Kruh e del lavoro sismico 3D.
Questi pozzi fanno parte della strategia più ampia di IEC di perforare in totale 18 pozzi nel blocco Kruh nei prossimi anni.
Indonesia Energy Corporation (NYSE American: INDO) ha anunciado planes para perforar dos nuevos pozos en su bloque Kruh de 63,000 acres en el cuarto trimestre de 2025. El programa de perforación incluye el pozo Kruh-29 con una profundidad prevista de 3,400 pies y el pozo West Kruh-5 con una profundidad prevista de 5,200 pies, marcando la primera actividad de perforación de IEC en el campo West Kruh.
Las operaciones de perforación utilizarán una plataforma de 750 caballos de fuerza y seguirán un extenso trabajo sísmico realizado durante 2024-2025. La compañía espera comenzar la producción del pozo Kruh-29 para finales de 2025. Cabe destacar que IEC reportó un aumento del 60% en reservas brutas probadas en mayo de 2025, tras inversiones en el bloque Kruh y trabajos sísmicos 3D.
Estos pozos forman parte de la estrategia más amplia de IEC para perforar un total de 18 pozos en el bloque Kruh en los próximos años.
인도네시아 에너지 코퍼레이션 (NYSE American: INDO)은 2025년 4분기에 63,000에이커 규모의 크루 블록에서 두 개의 신규 유정 시추 계획을 발표했습니다. 시추 프로그램에는 깊이 3,400피트의 Kruh-29 유정과 깊이 5,200피트의 West Kruh-5 유정이 포함되며, 이는 IEC가 West Kruh 유전에서 처음으로 시추 작업을 진행하는 것입니다.
시추 작업은 750마력 장비를 사용하며, 2024년부터 2025년까지 수행된 광범위한 지진 탐사 작업을 기반으로 합니다. 회사는 2025년 말까지 Kruh-29 유정에서 생산을 시작할 것으로 예상합니다. 특히, IEC는 2025년 5월에 크루 블록 투자와 3D 지진 탐사 작업 이후 증명된 총 매장량이 60% 증가했다고 보고했습니다.
이 유정들은 앞으로 수년간 크루 블록에서 총 18개 유정을 시추하려는 IEC의 큰 전략의 일부입니다.
Indonesia Energy Corporation (NYSE American : INDO) a annoncé son intention de forer deux nouveaux puits dans son bloc Kruh de 63 000 acres au quatrième trimestre 2025. Le programme de forage comprend le puits Kruh-29 avec une profondeur prévue de 3 400 pieds et le puits West Kruh-5 avec une profondeur prévue de 5 200 pieds, marquant la première activité de forage d'IEC dans le champ West Kruh.
Les opérations de forage utiliseront une plateforme de forage de 750 chevaux et feront suite à un important travail sismique réalisé entre 2024 et 2025. La société prévoit de commencer la production du puits Kruh-29 d'ici la fin 2025. Il est à noter qu'en mai 2025, IEC a annoncé une augmentation de 60 % des réserves brutes prouvées, suite aux investissements dans le bloc Kruh et aux travaux sismiques 3D.
Ces puits s'inscrivent dans la stratégie plus large d'IEC visant à forer 18 puits au total dans le bloc Kruh au cours des prochaines années.
Indonesia Energy Corporation (NYSE American: INDO) hat Pläne angekündigt, im vierten Quartal 2025 zwei neue Bohrungen auf seinem 63.000 Acres großen Kruh-Block durchzuführen. Das Bohrprogramm umfasst den Bohrung Kruh-29 mit einer geplanten Tiefe von 3.400 Fuß und den Bohrung West Kruh-5 mit einer geplanten Tiefe von 5.200 Fuß, was IECs erste Bohraktivität im West Kruh Feld markiert.
Die Bohrarbeiten werden mit einer 750-PS-Bohranlage durchgeführt und folgen umfangreichen seismischen Untersuchungen, die in den Jahren 2024-2025 durchgeführt wurden. Das Unternehmen erwartet, die Produktion aus Kruh-29 bis Ende 2025 aufzunehmen. Bemerkenswert ist, dass IEC im Mai 2025 einen 60%igen Anstieg der nachgewiesenen Bruttoreserven meldete, nachdem Investitionen im Kruh-Block und 3D-seismische Arbeiten erfolgt waren.
Diese Bohrungen sind Teil der größeren Strategie von IEC, in den kommenden Jahren insgesamt 18 Bohrungen im Kruh-Block durchzuführen.
- 60% increase in proved gross reserves reported in May 2025
- Strategic back-to-back drilling plan to minimize mobilization costs
- Expansion into new territory with first well in West Kruh Field
- Government permits and approvals already secured from SKK Migas and Pertamina
- Significant capital expenditure required for drilling operations
- Production from new wells not expected until end of 2025
Insights
IEC's drilling of two wells at Kruh Block in Q4 2025 represents operational progress following 60% reserve increase; production expansion imminent.
Indonesia Energy Corporation's announcement to drill two back-to-back wells at the Kruh Block represents a tangible step forward in the company's broader development strategy for its 63,000-acre asset. The timing of this drilling initiative is strategically positioned, coming after completion of exploratory seismic work that upgraded wellsite prospects - essential technical groundwork that increases the probability of drilling success.
The company's approach shows operational efficiency by drilling wells consecutively to minimize mobilization costs. The selection of a 750-horsepower rig is appropriate for the planned depths (3,400ft for Kruh-29 and 5,200ft for West Kruh-5). Most significant is that West Kruh-5 represents IEC's first drilling activity in the West Kruh Field, indicating geographic expansion of their production footprint.
The
For Kruh-29, completion of land acquisition, logistics, and material procurement indicates the project is well-advanced in the pre-drilling phase. The expected spudding by mid-Q4 with production by year-end presents a reasonable timeline for an oil well of this depth. These developments represent incremental but significant progress toward IEC's longer-term goal of drilling 18 wells at Kruh, which should materially impact production volumes and cash flow if successful.
Drilling part of company’s continuing plans to drill a total of 18 wells
at the 63,000 acre Kruh Block
JAKARTA, INDONESIA AND DANVILLE, CA, July 23, 2025 (GLOBE NEWSWIRE) -- Indonesia Energy Corporation (NYSE American: INDO) ("IEC"), an oil and gas exploration and production company focused on Indonesia, today announced that it plans to drill two (2) back-to-back wells on IEC’s 63,000 acre Kruh Block commencing in the fourth quarter of 2025.
The new drilling activities will be supported by the previously announced exploratory seismic work which was undertaken by IEC during 2024 and early 2025 that upgraded IEC’s wellsite prospects and drilling locations with a view towards maximizing production.
IEC’s planned drilling activities are expected to encompass:
- Two wells being drilled back-to-back to help minimize mobilization costs.
- A 750 horsepower drilling rig is planned to be used and is currently undergoing final inspection.
- The wells will be designated “Kruh-29” (Kruh Field, planned total depth: 3,400 ft) and “West Kruh-5” (West Kruh Field, planned total depth: 5,200 ft), representing IEC’s first new well drilling activity in West Kruh Field.
- Surface locations and subsurface geology for both wells have been approved by SKK Migas and Pertamina, the applicable Indonesian government entities.
- For Kruh-29, land acquisition, logistics, and tubular material procurement have been completed.
- For West Kruh-5, tender documents for required third party vendors are being prepared.
- Spudding of Kruh-29 is expected in the middle of the fourth quarter of 2025, with production anticipated to begin by year-end.
Mr. Frank Ingriselli, IEC's President, commented “We are excited that government permits and necessary contractors are lining up to provide us with the ability to commence drilling our next well at the Kruh Block before year end and hopefully the drilling of a second well before year end or soon thereafter. This comes after our heavy investment in critical seismic work in 2024 and early 2025 which will guide our efforts going forward. If results from these next wells are positive, we are hopeful that a significant increase in our reserves will be forthcoming as we continue to work towards drilling a total of 18 new wells at Kruh in the coming years as we seek to maximize the potential for this asset and drive shareholder value.”
In May 2025, IEC reported that investments in Kruh Block and the 3D seismic work completed earlier this year resulted in a
About Indonesia Energy Corporation Limited
Indonesia Energy Corporation Limited (NYSE American: INDO) is a publicly traded energy company engaged in the acquisition and development of strategic, high growth energy projects in Indonesia. IEC’s principal assets are its Kruh Block (63,000 acres) located onshore on the Island of Sumatra in Indonesia and its Citarum Block (195,000 acres) located onshore on the Island of Java in Indonesia. IEC is headquartered in Jakarta, Indonesia and has a representative office in Danville, California. For more information on IEC, please visit www.indo-energy.com.
Cautionary Statement Regarding Forward-Looking Statements
All statements in this press release, and related statements of Indonesia Energy Corporation Limited (“IEC”) and its representatives and partners that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Acts”). In particular, the words “could,” "estimates," “seek,” "believes," "hopes," "expects," "intends," “on-track”, "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Acts and are subject to the safe harbor created by the Acts. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. In this press release, forward-looking statements include, without imitation those related to IEC’s future drilling plans at Kruh Block. While management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of significant risks, uncertainties, and other factors, many of which are outside of the IEC's control, that could cause actual results to materially and adversely differ from such statements. Such risks, uncertainties, and other factors include, but are not necessarily limited to, those set forth in the Risk Factors section of the Company’s annual report on Form 20-F for the fiscal year ended December 31, 2024, filed on April 29, 2025, and other filings with the Securities and Exchange Commission (SEC). Copies are of such documents are available on the SEC's website, www.sec.gov and IEC’s website at https://ir.indo-energy.com/sec-filings/. IEC undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Company Contact:
Frank C. Ingriselli
President, Indonesia Energy Corporation Limited
Frank.Ingriselli@Indo-Energy.com
FAQ
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