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ACCRUED EXPENSES
6 Months Ended
Jun. 30, 2021
Payables and Accruals [Abstract]  
ACCRUED EXPENSES

NOTE 8 – ACCRUED EXPENSES

 

 

 

    June 30,
2021
    December 31,
2020
 
      (Unaudited)          
Accrued interest   $ 144,440     $ 133,215  
Accrued operating expenses (i)     748,443       296,156  
Total   $ 892,883     $ 429,371  

 

(i) Accrued operating expenses are mainly due to unbilled transactions from vendors related to the operations under the current Kruh Block Joint Operation Partnership with Pertamina, the Indonesian state-owned oil and gas company (“Pertamina”), which runs until May 2030 (the “KSO”).