ExxonMobil increases production from Banyu Urip field, Indonesia

ExxonMobil has increased production from Banyu Urip field in Indonesia with the early completion of the Banyu Urip Infill Clastic (BUIC) drilling project in East Java, ExxonMobil Indonesia said in a post to its LinkedIn account June 30.

Initial production from the Cepu block project, completed 10 months ahead of schedule and virtually inaugurated by Indonesian President Prabowo Subianto, adds up to 30,000 b/d to national production.

The wells will come online throughout July, said Wade Floyd, president of ExxonMobil Indonesia, in a separate LinkedIn post.

Block partner Pertamina, in a release June 26, said the company has drilled 7 new wells in the field. 

"The average annual production of the Cepu Block in 2025 is estimated to exceed 150,000 barrels per day and with the addition of the BUIC well, peak production is estimated to reach 170,000 - 180,000 barrels per day," said Pertamina's vice-president of corporate communication, Fadjar Djoko Santoso, as part of the release. 

Cepu block

The Cepu block production sharing contract (PSC) was signed in 2005 by ExxonMobil Cepu Ltd. (EMCL), PT Pertamina EP Cepu, and four local government companies. EMCL serves as an operator for the Cepu block in East Java. The block contributes around 25% of the national crude oil production.

The Banyu Urip project is the first development under the Cepu block contract area involving the development of Banyu Urip oil field. Discovered in 2001, the reservoir is now estimated by ExxonMobil to hold 1 billion bbl.

First oil from Banyu Urip field was achieved in December 2008 through the early production facility (EPF). In August 2009, EPF produced 20,000 b/d of oil. During full field start-up in 2015, production was increased to over 80,000 b/d.