The output levels were confirmed by company spokesperson Erwiun Maryoto on Tuesday. The startup in December 2015 of a central processing facility for the Banyu Urip project in the Cepu block has since resulted in an almost five-fold increase in production. ExxonMobil’s output was instrumental in Indonesia’s Q1 2016 average production of 835,000 bopd.
The PSC for the block, which is jointly operated by ExxonMobil and Indonesia’s Pertamina, was signed in 2005. Production began three years later.
For more features and news about the oil and gas industry in Indonesia, click here.
Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More
ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More
SLB OneSubsea and Subsea7 have signed a long-term strategic collaboration agreement with Equinor and begun work on two of its… Read More
Presight has acquired a 51% shareholding in AIQ, an energy-focused AI player founded by ADNOC and G42, the companies announced… Read More
UK engineering contractor Wood has been awarded a decarbonisation project by TotalEnergies to support flare gas recovery in the North… Read More
This website uses cookies.