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Jakarta Post

ExxonMobil kicks off oil production at new field in Cepu Block

  • Norman Harsono

    The Jakarta Post

Bojonegoro, East Java   /   Wed, December 18, 2019   /  12:04 pm
The Jakarta Post Image
The logo of the Upstream Oil and Gas Regulatory Special Task Force (SKKMigas) is displayed on a building. ExxonMobil Cepu Limited officially kicked off production at its Kedung Keris oil field, part of the Cepu Block in East Java, on Tuesday.(Antara/File)

ExxonMobil Cepu Limited, part of Texas-based oil giant ExxonMobil, has begun production at its Kedung Keris oil field in the Cepu Block, East Java, eight years after discovering the field. Kedung Keris, which holds an estimated 20 million barrels in oil reserves, has the capacity to produce 5,000 barrels of oil per day (bopd), the company said. “This production rate is expected to help sustain the average production of the Cepu Block, which is currently producing more than 25 percent of national oil production,” said ExxonMobil Cepu president Louise McKenzie during an event to mark the commercial production of the new oil field on Tuesday. According to Upstream Oil and Gas Regulatory Taskforce (SKK Migas) data, ExxonMobil Cepu was Indonesia’s largest oil producer in this year’s first half with output of 216,000 bopd during the period. To maintain p...