Jakarta, ID
Sunday, May 27 2012, 20:20 PM

Business

Exxon asks for permission from Kalla on Cepu Block

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The Indonesian branch of US oil company ExxonMobile has asked for a permission from Vice President Jusuf Kalla to construct new infrastructure to increase the storage capacity of the oil-rich
Cepu Block of Central Java.

Chairman of the Indonesian Employee Association (Apindo) Sofjan Wanandi told kompas.com on Saturday that ExxonMobil representatives made the request during a meeting with the Vice President in Washington D.C. On Thursday.

"With the planned storage capacity, Exxon expects that it can boost its production to between 20,000 and 30,000 barrel a day, higher than the current 10,000 barrel daily," he said.

He said that Exxon would build the storage capacity in Banyu Urip village of the province.

"Upon such request, the vice president said the he would help Exxon boost its production capacity to 1 million barrels per day," he said. (ewd)