Indonesia Energy completes rig mobilization for K-29 well at Kruh Block, starting drilling late June 2026.

Indonesia Energy Corporation has completed rig mobilization for the K-29 well, the first of two planned wells at its Kruh Block in Sumatra for 2026. Despite challenges like flooding and diesel shortages in Indonesia's oil sector, the company has set a drilling start date for late June 2026. After K-29, drilling will proceed at the WK-5 well. This campaign aligns with rising global oil prices amid Middle East tensions, positioning Indonesia Energy to enhance shareholder value.