Cepu oil production rises to 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 a senior official of the firm.

?The production is higher than the targeted 168,000 barrels per day set in the work plan and budget ,? EMCL Vice President for Public and Government Affairs Erwin Maryoto said in Jakarta Monday.

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