First lifting of Banyu Urip to occur early April
Friday, March 27 2015 - 02:24 PM WIB
By Febry silaban
Ministry of Energy and Mineral Resources said that the first oil lifting of the Banyu Urip project in the Cepu block will occur early April.
?The first lifting of Banyu Urip field will occur in the first week of April. We're still waiting for the fixed scheduled for the oil tanker to arrive at the FSO to take the oil,? Minister of Energy and Mineral Resources Sudirman Said said in Jakarta.
He added that the buyer is state owned oil and gas firm PT Pertamina (Persero) and the amount of the oil is at 600,000 barrel.
The Cepu block is located on the border areas of Central Java and East Java. The block is operated by ExxonMobil Cepu Ltd.
Editing by Johannes Simbolon