Indonesia Energy Corp Ltd. is an energy exploration and production company based in Indonesia. The company was founded in 2006 and is focused on the exploration, development, and production of oil and gas reserves in Indonesia. They operate both onshore and offshore blocks, leveraging their expertise in geology and engineering to maximize the extraction of hydrocarbon resources.
The primary objective of Indonesia Energy Corp is to identify and acquire oil and gas properties with significant production potential. They aim to capitalize on the rich hydrocarbon reserves in Indonesia, which is known for its abundant natural resources. The company employs advanced exploration techniques and technologies to evaluate and assess the commercial viability of their assets.
Indonesia Energy Corp's activities involve a comprehensive approach to the entire energy value chain, including exploration, drilling, development, and production. They conduct seismic surveys, drill wells, and employ enhanced recovery methods to optimize the extraction of oil and gas. The company also engages in strategic partnerships and joint ventures with other industry players to share resources, expertise, and risks.
In terms of going public, Indonesia Energy Corp Ltd. completed its initial public offering (IPO) and became a publicly traded company on a stock exchange in 2019. The decision to go public was aimed at raising capital to finance their ongoing exploration and development activities. The IPO provided an opportunity for investors to participate in the growth potential of the company and support its strategic expansion plans.