Indonesia Energy Corp Ltd
indo-energy.comWhat Do They Do?
Produces and sells crude oil to Pertamina and explores for oil and gas in Indonesia under government block contracts.
20-F for FY2025, filed Apr 29, 2026Indonesia Energy Corporation Limited is an oil and gas exploration and production company focused on Indonesia. Alongside operational…View ↗
We currently have rights through contracts with the Government to one oil and gas producing block (Kruh Block) and one oil and gas…View ↗
We produce oil through PT Green World Nusantara (“GWN”), our indirect wholly-owned subsidiary which operates the Kruh Block under an…View ↗
How Do They Make Money?
The company earns money from crude oil delivered to Pertamina and a contractual share of sale proceeds, calculated monthly from confirmed oil volumes and the government-published crude price.
20-F for FY2025, filed Apr 29, 2026
$2M
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20-F for FY2025, filed Apr 29, 2026
$2M ↗
Who Are Their Customers?
Pertamina accepts the crude oil the company delivers and is responsible for selling it to end users.
20-F for FY2025, filed Apr 29, 2026The Company recognizes revenue from the entitlement of Oil and gas property - Kruh Block ECS and profit sharing from the sale of the crude…View ↗
Do Revenues Turn Into Profits?
No. It lost $5.1M in FY2025.
20-F for FY2025, filed Apr 29, 2026
−$4.6MView ↗
20-F for FY2025, filed Apr 29, 2026
−$5.1MView ↗
20-F for FY2025, filed Apr 29, 2026
−$5.5MView ↗
How Are They Changing?
Shrinking. Revenue fell 18% in 4 years, from $2.5M in FY2021 to $2M in FY2025, about 5% a year.
Extended Kruh operating term
The latest report describes an amendment extending the Kruh operating agreement, giving the company more time to develop the block’s existing oil fields and undeveloped structures.
20-F for FY2022, filed May 1, 2023 20-F for FY2025, filed Apr 29, 2026We acquired rights to the Kruh Block in 2014 and started its operations in November 2014 through our Indonesian subsidiary PT Green World…View ↗
We produce oil through PT Green World Nusantara (“GWN”), our indirect wholly-owned subsidiary which operates the Kruh Block under an…View ↗
Who Do They Compete With?
Competes with Pertamina
20-F for FY2025, filed Apr 29, 2026We face competition from other oil and gas companies in the acquisition of new oil blocks through the Government’s tender process. Our…View ↗
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