XML 43 R12.htm IDEA: XBRL DOCUMENT v3.22.0.1
PROPERTY AND EQUIPMENT, NET
6 Months Ended 12 Months Ended
Jun. 30, 2021
Dec. 31, 2020
Property, Plant and Equipment [Abstract]    
PROPERTY AND EQUIPMENT, NET

NOTE 6 – PROPERTY AND EQUIPMENT, NET

 

SCHEDULE OF PROPERTY AND EQUIPMENT, NET

 

    June 30,
2021
    December 31,
2020
 
      (Unaudited)          
Housing and welfare   $ 4,312     $ 4,312  
Furniture and office equipment     4,013       4,013  
Computer and software     5,605       5,605  
Production facilities     93,049       93,049  
Drilling and production tools     1,499,535       1,499,535  
Equipment     1,650       1,650  
Total     1,608,164       1,608,164  
Less: accumulated depreciation     (1,493,313 )     (1,476,835 )
Property and equipment, net   $ 114,851     $ 131,329  

 

Depreciation charged to expense amounted to $16,478 and $22,135 for the six months ended June 30, 2021 and 2020, respectively.

 

NOTE 7 – PROPERTY AND EQUIPMENT, NET

 

   As of December 31, 
   2020   2019 
Housing and welfare  $4,312   $4,312 
Furniture and office equipment   4,013    4,013 
Computer and software   5,605    5,605 
Production facilities   93,049    93,049 
Drilling and production tools   1,499,535    1,499,535 
Equipment   1,650    1,650 
Total   1,608,164    1,608,164 
Less: accumulated depreciation   (1,476,835)   (1,432,727)
Property and equipment, net  $131,329   $234,580 

 

Depreciation charged to expense amounted to $44,108, $59,143 and$77,710 for the years ended December 31, 2020, 2019 and 2018, respectively.