Project UpdateJun 18, 2026, 04:07 PM
Indonesia Energy on schedule for Kruh Block drilling
AI Summary
Indonesia Energy Corporation announced significant progress on its drilling operations at Kruh Block, confirming the rig was successfully lifted and safety checks completed. The company remains on schedule for drilling the first of two planned wells, with rig setup complete and internal testing underway. The K-29 well's installation and setup are finished, and function testing is expected to conclude by mid-June 2026, keeping the late June 2026 spud date on track.
Key Highlights
- Rig successfully lifted and safety check completed for Kruh Block drilling.
- Rig setup completed and undergoing internal testing.
- Company remains on schedule for drilling the first of two planned wells at Kruh Block.
- K-29 well installation and rig setup completed, with internal function testing underway.
- Function testing for K-29 well expected to be completed by the week of June 15, 2026.
- K-29 well spud date still projected for late June 2026.
- Plans to commence drilling activities at WK-5 following completion of the K-29 well.
Price Impact
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