- Exxon Mobil (NYSE:XOM) says it started operations at the onshore processing facility at the Banyu Urip field in Indonesia that will help boost oil production to more than 130K bbl/day of oil.
- The project consists of 45 wells producing from three well pads, an onshore central processing facility, a 60-mile onshore and offshore pipeline, and a floating storage and offloading vessel and tanker loading facilities in the Java Sea.
- Once in full service, the field will represent ~20% of Indonesia’s 2016 oil production target.