Indonesia Energy Corporation, a company specialized in oil and gas exploration and production, has announced the signing of a memorandum of understanding(MOU) with Aguila Energia e Participações(AEP), a subsidiary of Brazilian investment firm Aguila Capital.
The energy alliance with Aguila Energia
The collaboration seeks to integrate IEC’s expertise in high-growth energy assets with AEP’s local knowledge in oilfield transactions, regulation and development. Both companies share the vision of building a diversified portfolio in upstream and downstream segments through disciplined, cross-border cooperation.
On the other hand, IEC believes that Brazil offers exceptional conditions for agile independent companies, through factors such as the Permanent Bid tender system, which allows the acquisition of exploration blocks throughout the year. In addition, the divestment of junior operators in mature fields, as well as a concession regime with competitive royalties between 5% and 10%, which favors higher cash flows and greater operational flexibility.
This announcement comes weeks after IEC unveiled plans to drill two new wells in its Kruh block in Sumatra during the fourth quarter of 2025. These activities will be supported by seismic surveys conducted between 2024 and 2025, which have increased proved reserves by 60%.
AEP specializes in unlocking the value of mature oil fields mature onshore oil fields onshore in northeastern Brazil. The company manages a portfolio of seven fields under development in the states of Bahia and Rio Grande do Norte, and has led onshore asset acquisitions, including a $1.5 billion consortium bid for Petrobras assets.
Source and photo: Energy INDO
