Indonesia Energy Mobilizes Rig BMA #9 for Kruh Block Wells, Drilling to Start in 60 Days
Indonesia Energy Corporation has completed construction of drilling pads and delivered long lead items for its K-29 and WK-5 wells at the 63,000-acre Kruh Block, with rig BMA #9 en route. Drilling is slated to begin within 60 days after securing main road permits following flood damage.
1. Pre-Drilling Preparations Complete
Indonesia Energy has built drilling pads for its next two wells, K-29 and WK-5, and delivered all long lead items, including drilling pipes, drill bits and wellheads. The company selected rig BMA #9 and completed its inspection before dispatch to the first pad.
2. Drilling Timeline and Operations
The company expects to commence drilling on a back-to-back basis within approximately 60 days, with operations beginning at the K-29 location. Rig BMA #9 is currently en route following permit approvals.
3. Infrastructure Challenges and Permits
Severe flooding in Sumatra destroyed the planned access road, delaying the start of operations by several weeks. Indonesia Energy secured permits to use the main road, minimizing further schedule impact.
4. Strategic Outlook
With oil prices elevated due to geopolitical tensions, management believes these wells on the 63,000-acre Kruh Block will drive returns and support its strategic growth plan, enhancing shareholder value.