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SUBSEQUENT EVENTS (Tables) | 12 Months Ended
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Dec. 31, 2020
Subsequent Events [Abstract] |
SUMMARY OF DETAILS OF THE SUBSIDIARIES OF THE COMPANY | Details of the subsidiaries of the Company are set out below: SUMMARY OF DETAILS OF THE SUBSIDIARIES OF THE COMPANY
|  |  |  |  |  |  | Percentage of |  |  |
|  | Date of |  |  | Place of |  | effective |  |  | Principal
Name |  | Incorporation |  |  | Incorporation |  | ownership |  |  | Activities
WJ Energy Group Limited (“WJ Energy”) |  |  | June 3, 2014 |  |  | Hong Kong |  |  | 100 | % |  | Holding company
PT Green World Nusantara (“GWN”) |  |  | February 27, 2015 |  |  | Indonesia |  |  | 100 | % |  | Kruh Block operation
PT Harvel Nusantara Energi (“HNE”) |  |  | March 20, 2017 |  |  | Indonesia |  |  | 100 | % |  | Holding company
PT Cogen Nusantara Energi (“CNE”) |  |  | December 7, 2017 |  |  | Indonesia |  |  | 100 | % |  | Citarum Block operation
PT Hutama Wiranusa Energi (“HWE”) |  |  | May 14, 2018 |  |  | Indonesia |  |  | 100 | % |  | Citarum Block operation
SCHEDULE OF PROPERTY AND EQUIPMENT ESTIMATED USEFUL LIVES | Depreciation of property and equipment is provided using the declining balance method over their estimated useful lives: SCHEDULE OF PROPERTY AND EQUIPMENT ESTIMATED USEFUL LIVES
|  |  | Useful life |
Housing and welfare |  |  | 10 years |
Furniture and office equipment |  |  | 5 years |
Computer and software |  |  | 5 years |
Production facilities |  |  | 5 years |
Drilling and production tools |  |  | 5 years |
Equipment |  |  | 5 years |
SUMMARY OF QUANTITATIVE INFORMATION ABOUT LEVEL 3 FAIR VALUE MEASUREMENTS OF POST-EMPLOYMENT BENEFITS | The following table summarizes the quantitative information about the Company’s level 3 fair value measurements in the determination of the balance of the post-employment benefits, which utilize significant unobservable inputs: SUMMARY OF QUANTITATIVE INFORMATION ABOUT LEVEL 3 FAIR VALUE MEASUREMENTS OF POST-EMPLOYMENT BENEFITS
Actuarial Assumption |  | December 31, 2020 |  |  | December 31, 2019 |
Discount Rate |  |  | 5.98 | % |  |  | 4.93 | %
Expected Return on Plan Assets |  |  | N/A |  |  |  | 4.93 | %
Wage Increase Rate |  |  | 7.00 | % |  |  | 9.00 | %
Mortality Rate |  |  | Table Mortality Index (“TMI”) of Indonesia, TMI IV 2019 |  |  |  | Table Mortality Index (“TMI”) of Indonesia, 2011 |
Disability Rate |  |  | 5% of TMI IV 2019 |  |  |  | 5% of TMI 2011 |
Normal retirement age |  |  | 58 Years (All employees are assumed to retire at pension age). With work contract until May 22, 2030 |  |  |  | 58 Years (All employees are assumed to retire at pension age). With work contract until May 31, 2020 |
Withdrawal Rate |  | Age |  |  | Rate |  |  | Age |  |  | Rate |
|  | 20 – 29 |  |  |  | 5 | % |  |  | 20 - 29 |  |  |  | 5 | %
|  | 30 – 39 |  |  |  | 4 | % |  |  | 30 - 39 |  |  |  | 4 | %
|  | 49 – 44 |  |  |  | 3 | % |  |  | 49 - 44 |  |  |  | 3 | %
|  | 45 – 49 |  |  |  | 2 | % |  |  | 45 - 49 |  |  |  | 2 | %
|  | 50 – 57 |  |  |  | 1 | % |  |  | 50 - 57 |  |  |  | 1 | %
|  | >57 |  |  |  | 0 | % |  |  | >57 |  |  |  | 0 | %
SCHEDULE OF LIABILITIES MEASURED AT FAIR VALUE ON A RECURRING BASIS BY LEVEL WITHIN FAIR VALUE HIERARCHY | Liabilities measured at fair value on a recurring basis by level within the fair value hierarchy as of December 31, 2020 and 2019 are as follows: SCHEDULE OF LIABILITIES MEASURED AT FAIR VALUE ON A RECURRING BASIS BY LEVEL WITHIN FAIR VALUE HIERARCHY
|  |  |  |  | Fair value measurement at reporting date using |
|  | As of December 31, 2020 |  |  | Quoted Prices in Active Markets for Identical Assets/Liabilities (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
Provision for post-employment benefit |  | $ | 68,701 |  |  | $ | - |  |  | $ | - |  |  | $ | 68,701 |
|  |  |  |  | Fair value measurement at reporting date using |
|  | As of December 31, 2019 |  |  | Quoted Prices in Active Markets for Identical Assets/Liabilities (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
Provision for post-employment benefit |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |

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- Definition Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of assumption used to determine benefit obligation and net periodic benefit cost of defined benefit plan. Includes, but is not limited to, discount rate, rate of compensation increase, expected long-term rate of return on plan assets and interest crediting rate. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (k) -URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 + Details
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