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The Banyu Urip oil field is the first development under the Cepu Block contract area, involving the development of the Banyu Urip oil field where a discovery of an estimated 450 million barrels of oil was announced in April 2001. Today, we continue to see excellent reservoir performance and based on our technical assessment, have increased more.
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The Banyu Urip Complex conventional oil field recovered 57.37% of its total recoverable reserves, with peak production in 2020. Based on economic assumptions, production will continue until the field reaches its economic limit in 2045. The field currently accounts for approximately 9% of the country's daily output.
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Cepu, which holds the Banyu Urip project, one of Southeast Asia's biggest oil developments, is Indonesia's largest oil producing block. Last week, Irtiza Sayyed, president of ExxonMobil in.
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The Banyu Urip oilfield located within the Cepu Block in Bojonegoro, East Java, Indonesia, is estimated to hold more than 450 million barrels of oil within the Oligo-Miocene carbonate and Middle-Miocene clastic reservoirs. The field was discovered in April 2001 and was appraised by drilling six wells. The project development plan was approved.
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that brought the Banyu Urip project to life, from discovery in 2001 to full Plan of Development production rates in 2016. It proved to be the largest oil development in Indonesia in six decades. The scale of the project—its complexity, its impact, its challenges and, of course, its opportunities—provided a catalyst
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The Banyu Urip carbonate reservoir is a steep-flanked carbonate buildup with approximately 3300 ft of relief relative to the surrounding equivalent basin strata. The carbonate reservoir is approximately 2500 acres in area. Of the seven wells drilled, six penetrated the carbonate and confirmed oil, the
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The Banyu Urip field in the Cepu block has hit its initial peak output of 165,000 b/d, according to data from the producer. Article Continues below. Indonesia, Southeast Asia's biggest oil consumer, produced a total of 835,000 b/d of crude in the first quarter of 2016. The country had produced 786,000 b/d of crude in 2015.
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Banyu Urip oilfield is made up of 3 wellpads with 29 production wells and 16 injection wells, as well as 1 production well in Kedung Keris oilfield which is connected to the wellpad. Banyu Urip oilfield is the first development in Cepu block working area. The field is estimated to contain 450 million barrels of crude oil, as announced in April.
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Banyu Urip crude will be supplied from the FSO Gagak Rimang with a 2 million barrel capacity. The FSO is situated approximately 23 kilometers north of Tuban in the East Java Sea at Latitude 06042'40.7'' S., Longitude 112013'1.7'' E. Typical characteristics. Banyu Urip is a light-medium and waxy-grade crude with very low sulfur.
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Early oil production on the Banyu Urip development commenced in 2009 from facilities with demonstrated capacity of greater than 20,000 barrels per day. Duffin said, "The excellent performance of the early production wells and facilities adds economic value to the overall project and is supportive of the Government of Indonesia's priorities to.
McDermott completes Banyu Urip installation offshore Indonesia Offshore
Pada produksi puncaknya, Banyu Urip memproduksi sebanyak 165 mbopd dan terus berkembang hingga mencapai 235 mbopd dengan tetap mempertahankan operasi yang aman dan andal sehingga menempatkannya menjadi produsen minyak terbesar di Indonesia. Biaya pengembangan Blok Cepu terbilang murah, yaitu USD4,5/barrel, jika dibandingkan rata-rata industri.
McDermott completes Banyu Urip installation offshore Indonesia Offshore
Banyu Urip is expected to produce 450 million barrels of oil over its lifetime. 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.