Indonesia Energy begins Kruh Block drilling program with first well

(WO) — Indonesia Energy Corporation (IEC) has begun operations on the K-29 well, marking the start of its planned two-well drilling campaign at the Kruh Block in Indonesia. 

Company President Frank Ingriselli, Chief Operating Officer Mirza Said and Chief Technology Officer Charlie Wu recently visited the K-29 wellsite to mark the operational milestone as preparations for drilling move toward completion.

According to IEC, fuel has been delivered, water and mud pits have been completed, drilling equipment has been installed and computer systems commissioned. The company said drilling will begin following final government safety clearances.

After K-29 is completed, IEC plans to begin drilling at the WK-5 location as part of its ongoing Kruh Block development program. Preparatory work at the second wellsite is progressing as planned.

Under its production-sharing contract with Indonesia's state-owned energy company Pertamina, all crude oil produced from the Kruh Block will be sold to Pertamina at a price linked to Brent crude, less transportation costs.

IEC also announced it has submitted environmental applications to support drilling up to 30 additional wells at the Kruh Block before 2035.

"It was exciting to see the significant progress that has been made at the K-29 wellsite," said Frank Ingriselli, president of Indonesia Energy. "We look forward to updating the marketplace as we achieve key operational milestones."

The company said the additional drilling plans form part of its long-term strategy to expand production from the Kruh Block.