Indonesia Energy plans to commence drilling two wells at Kruh Block
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 23 2025
0mins
Should l Buy INDO?
Drilling Plans: Indonesia Energy plans to drill two wells, Kruh-29 and West Kruh-5, in the Kruh Block starting in Q4 2025, utilizing a 750 horsepower rig to minimize costs.
Regulatory Approval and Logistics: The drilling locations have received approval from Indonesian authorities, with preparations for land acquisition and vendor tenders underway, aiming for production by year-end 2025.
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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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