Banyu Urip Complex is a producing conventional oil field located onshore Indonesia and is operated by PT Pertamina EP Cepu. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Cepu. Buy the profile here.
Field participation details
The field is owned by Exxon Mobil, PT Asri Dharma Sejahtera, PT Blora Patragas Hulu, PT Pertamina (Persero), PT Petro Gas Jatim Utama Cendana and PT Sarana Patra Hulu Cepu.
Production from Banyu Urip Complex
The Banyu Urip Complex conventional oil field recovered 52.58% of its total recoverable reserves, with peak production in 2020. The peak production was approximately 218.19 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2050. The field currently accounts for approximately 11% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 528.00 Mmboe, comprised of 528.00 Mmbbl of crude oil & condensate. Banyu Urip Complex conventional oil field reserves accounts 0.12% of total remaining reserves of producing conventional oil fields globally.
For more details on the Banyu Urip Complex Conventional Oil Field, buy the profile here.