Banyu Urip oil field
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 than double from 450 MBO gross at FID to 940 MBO today. Currently, the Banyu Urip oil field is able to produce up to 230,000 barrels of oil per day or contributing around 30 percent to the country’s national oil production. This makes EMCL as the biggest oil producer in Indonesia.