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ExxonMobil raises production at new oilfield in Indonesia

by ChemOrbis Editorial Team -
  • 12/05/2015 (15:12)
According to media reports, ExxonMobil has begun to ramp up production at its Banyu Urip oilfield in Indonesia in order to increase production to more than 200,000 barrels per day (bpd) by the end of this year. The oilfield reportedly produced 75,000 bpd in March.

Increased production at the Banyu Urip oilfield will help Indonesia to reach their oil production target of 830,000 bpd this year. Indonesia, formerly self-sufficient in oil and gas, has been struggling to find ways to arrest declining output for the past several years and its production target of around 830,000 bpd is less than half of the country’s peak production levels.

Once the Banyu Urip oilfield reaches its peak production rate, it will become Indonesia’s biggest oil project.
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