INDO

The company's operational focus is on developing its hydrocarbon assets located onshore in Indonesia. It generates revenue primarily through the production and sale of crude oil from its operational fields. Its main producing asset is the Kruh Block, a 258 square kilometer area in South Sumatra. This block forms the core of its current cash flow. The company also holds a much larger exploration asset, the Citarum Block, which covers approximately 3,925 square kilometers onshore in West Java. This block represents a significant potential avenue for future resource growth, though it remains in the earlier stages of assessment and development.

Indonesia Energy Corporation engages in the full upstream cycle, including seismic studies, drilling, and well management to extract resources. The crude oil it produces is sold to refinery customers. As a relatively young company incorporated in 2018, its strategy involves both maintaining production from its existing Kruh Block wells and pursuing the exploration and appraisal of its extensive Citarum Block holdings to identify new commercial reserves. The company's operations are entirely situated within Indonesia, tying its fortunes closely to the regional energy sector and the country's regulatory environment for oil and gas producers.