BP Migas Expects First Oil from Cepu Next Year
BP Migas believes that the Cepu block onshore Indonesia can start producing oil in 2008, said Kardaya Warnika, chairman of that country's upstream oil and gas regulatory agency.
"We ask that Cepu starts output in 2008, and it's possible," Kardaya noted.
Kardaya is optimistic that the acceleration can be conducted by using pipelines owned by Petrochina in East Java. "We are considering the available facilities. For example using a joint facility. It's possible, although the production won't be big as the other company's facilities are limited," he said.
The Cepu block is expected to help increase domestic oil output. The block, operated, by ExxonMobil and Pertamina, may reach a peak production of 165,000 barrels a day.
Operates 16 Offshore Rigs
- ExxonMobil Jumping in to Mexico Fuel Market With First US Cargo (Dec 06)
- ExxonMobil to Evaluate Offshore Mauritania Blocks (Dec 04)
- ExxonMobil To Merge Refining And Marketing Divisions (Dec 01)
Company: Pertamina more info
- Pertamina Signs JV Deal With Russia's Rosneft For New Tuban Refinery (Nov 28)
- Indonesia's Pertamina To Spend $700MM On Mahakam Oil, Gas Block Next Year (Nov 02)
- Pertamina: Indonesia To Become LNG Importer In 2020 As Population Grows (Oct 25)
Company: BP Migas more info
- Indonesia Greenlights BP's $12.1B LNG Proj. at Tangguh (Nov 02)
- Gas Deliveries from Ruby Field Offshore Indonesia to Start Late September (Sep 07)
- Indonesian Regulator Approves 12 O&G Development Plans (Aug 13)