Indonesia Energy Corp. (IEC) performed testing and stimulation work at Kruh 28 and Kruh 27, respectively, in Kruh block, Sumatra Island, Indonesia.
These discovery wells were drilled by IEC during 2022 (OGJ Online July 13, 2022, Apr. 8, 2022). Fracture stimulation of Kruh 27 well has been completed, with 80,000 pounds of proppants injected into the reservoir with the goal of increasing production productivity.
For Kruh 28, IEC plans to conduct a drill stem test in the new oil and gas bearing sand at 1,000 ft depth in January 2023. During drilling of Kruh 28, more than 28% hydrocarbon gas was recorded with composition up to C5 (an indication of the presence of liquid hydrocarbons), suggesting a potential new oil and gas bearing formation. Production from the Kruh 28 well is expected in first-quarter 2023.
IEC is planning new seismic operations across the entire Kruh block to determine locations for a continuous drilling campaign that will develop the currently targeted formation and at least three additional oil formations. Completion and full interpretation of seismic operations will take about 12 months, after which IEC plans to re-start its continuous drilling campaign on the block.
A total of 18 new wells are planned by end 2025. Four have been completed.
IEC is in negotiations with Pertamina for a 5-year contract extension for Kruh block to May 2035 from May 2030.
IEC holds 100% participating interest in the block.
