Indonesia Energy Corp. Ltd. has started drilling the second of three new back-to-back wells on its 63,000-acre Kruh block onshore Sumatra.
The drilling is part of the company’s plan to drill a total of 18 new wells on the block over the next 3 years.
Drilling of the Kruh-26 well began Aug. 22. Target total depth is 3,400 ft. It is expected to take about 60 days to complete all drilling operations. Drilling and completion is expected to cost $1.5 million.
The first well, Kruh-25, discovered oil, the company noted in July. Kruh 25 well was drilled to a depth of 3,368 ft. The oil-bearing interval in the well was thicker and therefore larger than anticipated, the company said at the time.