JAKARTA - Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia asked ExxonMobil Cepu Ltd to increase its production capacity to 150,000 barrels of oil per day (BOPD) by 2026.
"Currently, the national oil production rate is around 577,000 BOPD. Of these, the Cepu Block still contributes around 144,000 BOPD, making it one of the largest nationally," Bahlil said during his visit to the Cepu Block, Monday, September 30.
Bahlil asked the President Director of ExxonMobil Cepu Limited (EMCL) Carole Gall, who was present at the meeting, to raise the production target from 125,000 BOPD by 2026 to 150,000 BOPD.
"Exxon is targeting 125,000 barrels for 2026. But I have faith, with the management system, work ethic, and creativity of the Exxon team on the pitch, ExxonMobil must be able to reach above 150 thousand barrels per day by 2026 to reduce our lifting deficit," Bahlil asked.
Bahlil also emphasized that the current government, as well as under President-elect Prabowo Subianto, fully supports this increase in oil production because it has a major impact on state revenues and foreign exchange reserves.
"Our country needs the support of experienced companies to increase production. The elected president, Pak Prabowo, ordered me to solve the problem of lifting oil, because the increase in lifting will definitely increase state revenue and reduce imports," he said.
Responding to the request, the President Director of EMCL Carole Gall stated that his party is committed to working hard to increase the production of the Cepu Block. One of the steps that have been taken is the first oil production from Banyu Urip infill plastic drilling in 2024, which produces 13,300 BOPD.
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"This is an important step in our efforts to continue to increase production from the Cepu Block. We are really making history with Banyu Urip infill plastic drilling," Carole said.
The success of EMCL in producing the first oil from drilling infill plastic wells is a strategic program for ExxonMobil, partners, and Indonesia.
"This program is very important for ExxonMobil, partners, and Indonesia. This program will contribute to achieving national production targets and strengthening Indonesia's energy resilience," Carole concluded.
JAKARTA - Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia asked ExxonMobil Cepu Ltd to increase its production capacity to 150,000 barrels of oil per day (BOPD) by 2026.
"Currently, the national oil production rate is around 577,000 BOPD. Of these, the Cepu Block still contributes around 144,000 BOPD, making it one of the largest nationally," Bahlil said during his visit to the Cepu Block, Monday, September 30.
Bahlil asked the President Director of ExxonMobil Cepu Limited (EMCL) Carole Gall, who was present at the meeting, to raise the production target from 125,000 BOPD by 2026 to 150,000 BOPD.
"Exxon is targeting 125,000 barrels for 2026. But I have faith, with the management system, work ethic, and creativity of the Exxon team on the pitch, ExxonMobil must be able to reach above 150 thousand barrels per day by 2026 to reduce our lifting deficit," Bahlil asked.
Bahlil also emphasized that the current government, as well as under President-elect Prabowo Subianto, fully supports this increase in oil production because it has a major impact on state revenues and foreign exchange reserves.
"Our country needs the support of experienced companies to increase production. The elected president, Pak Prabowo, ordered me to solve the problem of lifting oil, because the increase in lifting will definitely increase state revenue and reduce imports," he said.
Responding to the request, the President Director of EMCL Carole Gall stated that his party is committed to working hard to increase the production of the Cepu Block. One of the steps that have been taken is the first oil production from Banyu Urip infill plastic drilling in 2024, which produces 13,300 BOPD.
SEE ALSO:
"This is an important step in our efforts to continue to increase production from the Cepu Block. We are really making history with Banyu Urip infill plastic drilling," Carole said.
The success of EMCL in producing the first oil from drilling infill plastic wells is a strategic program for ExxonMobil, partners, and Indonesia.
"This program is very important for ExxonMobil, partners, and Indonesia. This program will contribute to achieving national production targets and strengthening Indonesia's energy resilience," Carole concluded.
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