Mobil Cepu starts drilling 25-29 wells in Banyu Urip
Tuesday, April 30 2013 - 02:07 AM WIB
Mobil Cepu Ltd, a unit of ExxonMobil Indonesia, is scheduled to begin drilling 25-29 development wells in the Banyu Urip field, within the Cepu Block in Central Java, on Tuesday.
Rudi Rubiandini, Chairman of upstream authority SKK Migas, will oversee the drilling of the first well to mark the start of the simultaneous drilling program.
?Tomorrow, the Chairman of SKK Migas, Rudi Rubiandini will oversee drilling for the first development well in Banyu Urip. This is a simultaneous drilling program, where 25-29 wells will be drilled,? Head of Public Relations at SKK Migas, Elan Biantoro told Petromindo.com Monday.
Elan said that drilling will be carried out using rig facility produced by PT Pertamina Drilling Services Indonesia (PDSI), a unit of state-owned oil and gas firm PT Pertamina.
The drilling program is targeted to be completed within 15-16 months, he said.
Exxon is intensifying development of the Banyu Urip field, considered as a strategic project to help increase the country?s oil production. With estimated reserves of around 450 million barrels of oil, Banyu Urip is seen as the largest unexploited oil field in the country.
Editing by Reiner Simanjuntak