Indonesia Energy and Aguila Energia Forge MOU to Explore Opportunities in Brazil
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 19 2025
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Memorandum of Understanding: Indonesia Energy (IEC) signed a non-binding MOU with Aguila Energia e Participacoes (AEP) on August 18 to explore opportunities in Brazil's energy sector.
Cooperative Framework: The agreement aims to combine IEC's expertise in oil and gas with AEP's local knowledge and regulatory experience to identify and pursue energy-related projects.
Diversified Energy Portfolio: Both companies share a vision to build a diversified portfolio across upstream and downstream segments through disciplined, cross-border cooperation.
Future Agreements: IEC and AEP plan to negotiate definitive agreements for specific projects as opportunities arise.
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Analyst Views on INDO
About INDO
Indonesia Energy Corporation Limited is an independent energy company engaged in the oil and gas business. The Company holds two oil and gas assets through its subsidiaries in Indonesia: The Kruh Block and the Citarum Block. It has also identified a potential third exploration block known as the Rangkas area. The Kruh Block is a producing block covering approximately 258 square kilometers and is located 16 miles northwest of Pendopo, Pali, South Sumatra. Of the eight identified oil-bearing structures, three structures (North Kruh, Kruh, and West Kruh fields) have combined proved developed and undeveloped gross crude oil reserves of approximately 2.06 million barrels (with net crude oil proved reserves of over 1.18 million barrels) and probable undeveloped gross crude oil reserves of over 2.44 million barrels. The block has drilled over four oil discoveries and one gas discovery. The Citarum Block, an exploration block, spans an area of approximately 3,924.67 square kilometers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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