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OIL AND GAS PROPERTY, NET (Tables)
 6 Months Ended 12 Months Ended
Jun. 30, 2021
Dec. 31, 2020
Extractive Industries [Abstract]    
SCHEDULE OF OIL AND GAS ACTIVITIES

The following tables summarize the Company’s oil and gas activities by classification.

 

 

    June 30,
2021		     December 31,
2020		  
      (Unaudited)          
Oil and gas property – subject to amortization   $ 22,053,581     $ 20,912,041  
Accumulated depletion and impairment     (19,839,524 )     (19,573,054 )
Oil and gas property – subject to amortization, net   $ 2,214,057     $ 1,338,987  
                 
Oil and gas property – not subject to amortization   $ 1,129,500     $ 1,113,494  
Accumulated impairment     -       -  
Oil and gas property – not subject to amortization, net   $ 1,129,500     $ 1,113,494  

The following tables summarize the Company’s oil and gas activities by classification.

 

   2020   2019 
   As of December 31, 
   2020   2019 
Oil and gas property – subject to amortization  $20,912,041   $20,345,797 
Accumulated depletion and impairment   (19,573,054)   (18,918,311)
Oil and gas property – subject to amortization, net  $1,338,987   $1,427,486 
           
Oil and gas property – not subject to amortization  $1,113,494   $958,133 
Accumulated impairment   -    - 
Oil and gas property – not subject to amortization, net  $1,113,494   $958,133 
SCHEDULE OF MOVEMENT OF THE OIL AND GAS PROPERTY

The following shows the movement of the oil and gas property – subject to amortization balance.

 

 

 

    Oil & Gas
Property – Kruh		  
December 31, 2020   $ 1,338,987  
Additional capitalization     1,141,540  
Depletion     (266,470 )
June 30, 2021 (Unaudited)   $ 2,214,057  

The following shows the movement of the oil and gas property – subject to amortization balance.

 

   Oil & Gas Property – Kruh 
January 1, 2018  $2,911,730 
Additional capitalization   166,871 
Depletion   (1,078,784)
January 1, 2019  $1,999,817 
Additional capitalization   245,202 
Depletion   (817,533)
December 31, 2019  $1,427,486 
Additional capitalization   566,244 
Depletion   (654,743)
December 31, 2020  $1,338,987