Banyu Urip boosts Indonesia's short-term oil production

On 14 December 2015, ExxonMobil announced the start-up of Banyu Urip's onshore central processing facility, allowing the ramp-up of full-field production. The 425 mmbbl oil field is part of the Cepu PSC, onshore East Java, and will reach a peak annual production of 160,000 b/d in 2016. Discovered onshore Java in 2001, Banyu Urip is the largest oil find in South-Eastern Asia in the last 25 years. Full field production was initially scheduled for 2009 following project approval in 2006, but misalignment between the project partners, including local and national governments, led to several delays.