Exxon's Cepu Production May Exceed Capacity

Thursday, August 8, 2019

Crude output from Exxon Mobil Corp's Cepu block may exceed its capacity of 220,000 barrels per day (bpd) this year, to reach 235,000 bpd, upstream oil and gas regulator SKK Migas told reporters on Thursday.

Potential reserves at the block are bigger than initially estimated after a reevaluation and Exxon is currently conducting a test until November, said Fatar Yani Abdurrahman, deputy of operations at SKK Migas.

"As requested by SKK Migas, we are conducting high rate test to see the ability of our facility and wells to increase production, while focusing on safety and reliability of the operation," Azi Alam, vice president of public and government affairs at ExxonMobil Indonesia, told Reuters.

There had been no additional "environmental and socio-economic impact" from the test so far, Alam said.

Exxon targets to produce 216,000 bpd of crude from the Cepu block in the current fiscal year, SKK Migas data showed.


(Reporting by Wilda Asmarini; writing by Gayatri Suroyo; editing by Christian Schmollinger)

Categories: Asia Prosuction

Related Stories

Philippines Makes First Offshore Gas Discovery in Over a Decade

Vantris Energy Lands Petronas Job on Malaysia’s Offshore Fields

Jereh Group Delivers Oil Separation Systems for Petrobras’ FPSO Units

Saipem Lands $425M Turkish Gas Contract in Sakarya Expansion

South Korean Firm Buys Into Indonesian Offshore Oil Block

Yinson Production Cuts First Steel for Vietnam-Bound FSO

DOF Bags Two Deals in Asia-Pacific Region

Fugro Nets Mubadala Energy’s Deepwater Gas Job in Asia

EnQuest Set to Top 2025 Production Forecast on Southeast Asia Gains

Petronas Enlists MISC for FPU Job at Gas Field Offshore Brunei

Current News

Samos Energy Buys Suksan Salamander FSO from Altera Infrastructure

Philippines Makes First Offshore Gas Discovery in Over a Decade

Woodside to Supply LNG to JERA During Japan's Winter Peak

Fugro, PTSC G&S Extend Partnership for Vietnam's Offshore Wind Push

Thailand's Gulf Energy Eyes Long-Term LNG Supply

OceanMight Gets Petronas’ Offshore Construction Job in Malaysia

Vantris Energy Lands Petronas Job on Malaysia’s Offshore Fields

Murphy Oil Appraisal Well Boosts Resource Outlook at Field off Vietnam

Viridien Kicks Off Multi-Client Reimaging Program off Malaysia

Petrovietnam Agrees First-Ever LNG Term Deal with Shell

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com