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December 2, 2021updated 27 Apr 2022 12:29pm

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 39.20% of its total recoverable reserves, with peak production in 2021. The peak production was approximately 218.61 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 13% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 811.19 Mmboe, comprised of 811.19 Mmbbl of crude oil & condensate. Banyu Urip Complex conventional oil field reserves accounts 0.18% 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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