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Indonesia Energy Discovers Oil at K-29 Well

$INDOPress releaseSep 2, 2026, 4:15 PM ETRead the release

Indonesia Energy discovered good quality oil during testing at its newly drilled K-29 well in the Kruh Block on Sumatra. The well was spud on July 25, 2026 and reached a total depth of 3,378 feet. Production operations are expected to commence within the next couple of weeks. The perforation targets approved by state-owned Pertamina were naturally bleeding oil — which has not occurred in previous Kruh Block wells — so K-29 may begin natural production without a fracturing procedure.

Key figures

Spud date
July 25, 2026
Well name
K-29
Block name
Kruh Block
Total depth ft
3378
Kruh block acres
63000
Production start
expected within the next couple of weeks
Lost time injuries
0
Citarum block acres
195000
May avoid fracturing
Yes

AI analysis

Red flags3 · Pro

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AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.

    INDO: Indonesia Energy Discovers Oil at K-29 Well — AI Analysis | Signal8