Indonesia Energy Signs Memorandum of Understanding with Brazilian Energy Company To Explore Energy Opportunities in Brazil
1. INDO signed a MOU with AEP for Brazilian energy projects. 2. The collaboration aims to expand energy portfolio beyond Indonesia. 3. Brazil offers attractive acquisition opportunities for nimble oil companies. 4. INDO plans two new drilling wells at the Kruh Block in Indonesia. 5. Recent seismic work boosted INDO's proved reserves by 60%.