Bloomberg News

Exxon’s Cepu Oil Output Unaffected by Protests in Indonesia

March 12, 2012

Exxon Mobil (XOM) Corp. said its Cepu oil and gas block in Indonesia’s Central province hasn’t been disrupted by a demonstration of contract oil workers.

“We can confirm that to date, there has been no impact to our production from Banyu Urip Field in Cepu Block,” Jeffrey Haribowo, a Jakarta-based communication adviser at Exxon Mobil Indonesia, said in an e-mailed statement yesterday. Banyu Urip field with a target to eventually produce 165,000 barrels a day, the company said in its website.

Protesting workers blocked road access to Exxon Mobil’s production facility in Cepu since March 9, Gde Pradnyana, a Jakarta-based spokesman at the Indonesia’s oil and gas regulator BPMigas said yesterday. The block now produces 22,000 barrels of oil a day, he said.

Mobil Cepu and Ampolex Cepu Pte Ltd. own 45 percent of the Cepu oil and gas block, Pertamina EP Cepu holds 45 percent, and the Cepu Block Cooperation Body holds the rest, the company said on its website.

To contact the reporter on this story: Fitri Wulandari in Jakarta at fwulandari@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net


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