Indonesia Energy starts operations at K-29 well, advancing Kruh Block drilling program.

Indonesia Energy Corporation has begun operations at its K-29 well in the Kruh Block, marking a key milestone in its drilling program. The company plans to start drilling at the WK-5 wellsite next, with preparations progressing smoothly. Under its contract with Pertamina, all crude oil produced will be sold in US dollars at Brent prices minus transportation costs. The company also submitted environmental clearances to drill 30 additional wells by 2035, supporting its long-term growth strategy in Indonesia's energy sector.