Indonesia Energy Enters MOU with Brazilian Energy Firm to Explore Energy Ventures in Brazil
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 19 2025
0mins
Source: Newsfilter
Collaboration Announcement: Indonesia Energy Corporation (IEC) has signed a Memorandum of Understanding (MOU) with Aguila Energia e Participações Ltda. to explore oil and gas opportunities in Brazil, marking IEC's first steps towards expansion beyond Indonesia.
Strategic Goals: The partnership aims to leverage IEC's experience in oil and gas and capital markets alongside AEP's local expertise in Brazilian transactions to build a diversified energy portfolio.
Market Potential: IEC's President highlighted Brazil's favorable market conditions, including year-round acquisition opportunities and attractive valuations for producing fields, as key reasons for pursuing growth in this region.
Ongoing Projects: Alongside the exploration in Brazil, IEC plans to drill two wells at its Kruh Block in Indonesia, supported by recent seismic work that has increased its proved reserves significantly.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy INDO?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
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.
Indonesia Energy Corporation Plans to Commence Drilling New Wells in Q1 2026
- Drilling Progress: Indonesia Energy Corporation has completed the construction of drilling pads for its two new wells (K-29 and WK-5) at the Kruh Block, with plans to commence drilling in Q1 2026, which is expected to enhance the company's oil and gas output and strengthen its competitive position in the Indonesian market.
- Equipment Readiness: Drilling pipes, bits, and wellheads have been delivered, and the drilling rig is currently under inspection to ensure optimal operational readiness before drilling begins, thereby improving operational efficiency and reducing potential risks.
- Strategic Assets: IEC's Kruh Block encompasses 64,000 acres of high-quality assets in Indonesia, which are anticipated to significantly support the company's long-term growth and shareholder value, highlighting its strategic focus on developing high-growth energy projects.
- Market Communication: President Frank Ingriselli will present at the DealFlow Discovery Conference on January 28, 2026, to share updates on drilling progress, enhancing investor confidence and increasing market attention on the company's future developments.
Continue Reading
Indocia Launches Beta Version of Wallet, Supporting ERC-20 Tokens
- Wallet Officially Launched: Indocia announced today that its wallet's official beta version is now live on Indocia.com, marking a significant milestone in the project's roadmap towards building a secure, non-custodial Web3 ecosystem, which is expected to attract a large user base.
- User-Friendly Design: The wallet focuses on user ownership and security, allowing users to seamlessly connect existing wallets via MetaMask and WalletConnect, simplifying the user experience and addressing the growing demand for self-custody solutions in the global digital asset market.
- Fully Non-Custodial Architecture: The Indocia Wallet is designed to be fully non-custodial, with all private keys and sensitive data stored locally on the user's device, ensuring complete control over assets, aligning with current industry trends towards decentralization and user sovereignty.
- Future Development Plans: The wallet's launch aligns with Indocia's January 2026 timeline, with plans to expand network support and introduce deeper ecosystem integrations, ensuring that user feedback plays a critical role in future updates.
Continue Reading