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President Frank Ingriselli of Indonesia Energy Corporation (IEC) visited the K-29 wellsite to mark the start of operations. IEC plans to begin drilling at the WK-5 wellsite next, as part of its Kruh Block program. The company has submitted environmental clearances for 30 additional wells by 2035, aligning with its long-term strategy. IEC expects Pertamina to purchase all crude oil produced from the Kruh Block. President Ingriselli highlighted the...
07-06 12:00
Indonesia Energy Corporation (IEC) announced that its drilling operations at the Kruh Block in Indonesia are progressing as planned. The rig mobilization and setup have been completed, and internal testing is underway. IEC expects to begin drilling the first well, K-29, by late June 2026, with government inspections scheduled for completion prior to the start of drilling. The company is also preparing to commence drilling at the WK-5 well followi...
06-10 12:00
Shares of oil and gas-related companies are trading lower amid a decline in oil...
05-27 02:11
Indonesia Energy Corporation (NYSE:INDO) ("IEC"), an oil and gas exploration and production company focused on Indonesia, today announced that rig mobilization is complete on the K-29 well, the first of two planned wells
05-26 20:07
Indonesia Energy Corporation (IEC) has completed rig mobilization for the K-29 well in its Kruh Block, with drilling set to begin late June 2026. Despite challenges like flooding, diesel shortages, and personnel shortages, IEC remains on track to commence operations. The company plans to drill the K-29 well followed by the WK-5 well, benefiting from rising global oil prices amid geopolitical tensions. IEC expressed confidence in advancing its str...
05-26 12:00
Shares of oil and gas companies are trading lower after President Trump posted ...
04-08 20:05
Gainers Losers Trio Petroleum (AMEX:TPET) stock decreased by 25.9% to $0.53 du...
04-08 20:05
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