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December 2, 2021

Banyu Urip Complex Conventional Oil Field, Indonesia

By Carmen

Banyu Urip Complex is a producing conventional oil field located onshore Indonesia and is operated by PT Pertamina EP Cepu. The field is located in block Cepu.

Field participation details

The field is owned by PT Asri Dharma Sejahtera, PT Petro Gas Jatim Utama Cendana, PT Blora Patragas Hulu, PT Sarana Patra Hulu Cepu, Exxon Mobil and PT Pertamina (Persero).


Production from Banyu Urip Complex

The Banyu Urip Complex conventional oil field recovered 32.99% of its total recoverable reserves, with peak production expected in 2021. The peak production was approximately 221 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2057. The field currently accounts for approximately 12% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 900.77 Mmboe, comprised of 900.77 Mmbbl of crude oil & condensate. Banyu Urip Complex conventional oil field reserves accounts 0.19% of total remaining reserves of producing conventional oil fields globally.


Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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