en.Wedoany.com Reported - Indonesia Energy Corporation (IEC) plans to spud the K-29 well in the Kruh Block later this month, having completed key milestones such as rig installation and safety inspections. The company stated that rig mobilization, lifting operations, and safety checks have all been completed, the rig is assembled and undergoing final internal testing, and the project remains on schedule for spudding at the end of June.

According to the company, functional testing is expected to be completed by mid-June, followed by a government inspection by Pertamina EP, the upstream subsidiary of Indonesia's state-owned oil and gas company, later that month. IEC President Frank Ingriselli expressed satisfaction with the operations team's ability to address previously reported unexpected logistical and industry-wide challenges, enabling the team to proceed according to the timeline reported two weeks ago.

The K-29 well is the first of two planned wells in IEC's 2026 drilling program for the Kruh Block. After completing the K-29 well, the company plans to drill the WK-5 well. Recruitment for this drilling campaign is nearly complete, with 98 of the required 102 personnel already in place.

IEC has continued to advance preparations for this campaign throughout the first half of 2026, including rig mobilization, site construction, and equipment installation. The upcoming drilling program is expected to play a key role in evaluating and developing the company's assets in the Kruh Block in South Sumatra. Indonesia Energy Corporation is an independent exploration and production company focused on oil and gas assets in Indonesia.

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