Banyu Urip oil production reaches 185,000 bopd

By Febry Silaban

Oil production at the Banyu Urip field in the Cepu block, which is operated by ExxonMobil Cepu Ltd (EMCL), has recently peaked at 185,000 bopd, according to an official at upstream authority SKK Migas.

?The current production of Banyu Urip field reaches maximum capacity of 185,000 bopd. The production is higher than the targeted 165,000 barrels per day set in the work plan and budget ,? Unit Head for Acceleration of Banyu Urip Project at SKK Migas, Julius Wiratno told Petromindo.com.

EMCL owns a 45 percent interest in the Cepu block. PT Pertamina E&P Cepu (PEPC), a subsidiary of state-owned oil and gas PT Pertamina, holds another 45 percent interest in the block, while the remaining 10 percent are held by minority local investors.

Editing by Reiner Simanjuntak