ExxonMobil opens 250-million-bbl field in Indonesia

ExxonMobil Corp. said Thursday that Mobil Cepu Ltd., an affiliated company, has a major oil discovery in Indonesia at the Banyu Urip No. 3 (BU-3) well. It said with estimated reserves of more than 250 million bbl, BU-3 well is one of the most significant oil discoveries in Indonesia in the past decade.

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