INDO Profile
Indonesia Energy Corporation Limited is a prominent player in the oil and gas sector, focusing on exploration and production activities within Indonesia. The company holds significant interests in key oil and gas assets, including the Kruh Block and the Citarum Block. The Kruh Block is an established production area spanning approximately 258 square kilometers, located northwest of Pendopo in Pali, South Sumatra. This block has proven net crude oil reserves of 1.52 million barrels, contributing to the company's operational and financial performance.
In addition to the Kruh Block, Indonesia Energy Corporation is actively involved in the Citarum Block, a large exploration area covering 3,924.67 square kilometers situated onshore in West Java. The Citarum Block represents a substantial opportunity for future development and resource discovery, with the potential to significantly enhance the company’s exploration portfolio and production capacity. The exploration activities in this block are crucial for the company’s long-term growth strategy and resource base expansion.
Incorporated in 2018 and headquartered in Jakarta, Indonesia, Indonesia Energy Corporation Limited is a subsidiary of Maderic Holding Limited. The company’s strategic positioning and operational focus reflect its commitment to leveraging Indonesia's rich hydrocarbon resources. With a growing portfolio of exploration and production assets, Indonesia Energy is well-positioned to capitalize on the opportunities within the Indonesian oil and gas industry.
The company’s growth strategy involves advancing its exploration activities, enhancing production efficiency, and expanding its asset base. Indonesia Energy Corporation is dedicated to implementing best practices in environmental management and operational safety. By investing in technological innovation and fostering strong industry partnerships, the company aims to strengthen its market position and drive sustainable growth in the competitive global energy sector.
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