ExxonMobil announced the successful start of the onshore central processing facility at the Banyu Urip field in Indonesia, leading to an increase in oil production to more than 130,000 barrels per day (bpd). With the central processing facility now online, production will continue to increase in the coming months. Once full field production is reached, Banyu Urip will contribute approximately 20 per cent of Indonesia’s 2016 oil production target. Banyu Urip is expected to produce 450 million barrels of oil over its lifetime. The project consists of 45 wells producing from three well pads, an onshore central processing facility, a 60 mile onshore and offshore pipeline, and floating storage and offloading vessel and tanker loading facilities in the Java Sea. ExxonMobil, partnering with PT. Pertamina EP Cepu and the Cepu Block Cooperation Body, commenced production from Banyu Urip in late 2008, and output has increased as additional facilities were brought online in 2014 and 2015. ExxonMobil Cepu Limited, the project operator, has a 45 per cent interest in Banyu Urip; PT. Pertamina EP Cepu holds 45 per cent; and four local government entities under the Cepu Block Cooperation Body, namely, PT. Blora Patra Hulu, PT. Petrogas Jatim Utama Cendana, PT. Asri Darma Sejahtera, and PT. Sarana Patra Hulu Cepu, hold the remaining 10 per cent.
