Oil Discovery Reported in Kruh Block in South Sumatra, Indonesia
Drilling Activity Details
Locations
Indonesia
Operators
Post Date
Shore Type
Well Name
#25 Kruh
Geo Coordinate
Drilling Activity Summary
Description
Indonesia Energy Corp. reported an oil discovery at #26 Kruh. The Kruh block venture in South Sumatra hit approximately 111 ft of oil sands at 3,100-3,228 ft. The Jakarta-based company had a previous completion at #25 Kruh. According to the company, full production is anticipated at the end of October and will increase the company’s overall daily revenues and oil production by more than 100%. Both wells were drilled to approximately 3,376 ft and stimulation and additional testing is planned. The company has a three-year plan to drill 18 wells and five are planned for 2022.
Description
Indonesia Energy Corp. reported an oil discovery at #26 Kruh. The Kruh block venture in South Sumatra hit approximately 111 ft of oil sands at 3,100-3,228 ft. The Jakarta-based company had a previous completion at #25 Kruh. According to the company, full production is anticipated at the end of October and will increase the company’s overall daily revenues and oil production by more than 100%. Both wells were drilled to approximately 3,376 ft and stimulation and additional testing is planned. The company has a three-year plan to drill 18 wells and five are planned for 2022.