All Principle Permits For Banyu Urip Production Facility To Immediately Issue

abarrelfullabarrelfull wrote on 01 Oct 2012 10:49

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14th Aug 2012

The Regional Government of Bojonegoro Regency will immediately issue all principle permits for the construction of 7 production operation facilities in the fifth engineering, procurement and construction contracts (EPC-5) of full development projects in Banyu Urip Field of Cepu Block.

Such certainty is acquired following the discussion between Bojonegoro Regency, Commission-A of Regional Legislative of Bojonegoro with Vice Chairman of BPMIGAS and his line management taken place in Bojonegoro Tuesday (14/8).

By the certainty on the issuance of Permit to Build (IMB), all permits required for full development project of Banyu Urip field have been fulfilled.
Regional Government of Bojonegoro conveyed that the main thing that they desire is the presence of such project may generate benefits to Bodjonegoro society.

Vice Chairman of BPMIGAS, J. Widjonarko, conveyed that the construction of such production facility is part of which is not separated from the operation of Mobil Cepu Ltd as the operator of Banyu Urip Field.

“For the purpose of empowering the community living surrounding the said operational area, supporting operation facilities outside but adjacent the operation area in the form of supporting facility, that can be utilized by local people, such as clinic, sport facility and other facilities to be further discussed more technically. This is one of benefits from the presence of Cepu project for surrounding people,” said Head of Public and Institutional Relations Department of BPMIGAS, A. Rinto Pudyantoro, in Jakarta, Wednesday (15/8).

Banyu Urip field is an oil project expected to increase national oil production. With reserves of approximately 450 million barrels of oil, Banyu Urip is a field having largest oil reserves that have not been exploited. Currently, oil production of Banyu Urip field is within the range of 20.000 barrels per day. This number is expected to reach 165,000 barrels per day when the facilities are fully completely developed.

The construction of full production facility of Banyu Urip Field is a major work having considerable complexity. Such facility covers 49 wells connected to three platforms; a central processing facility; 95 kilometer pipeline for supplying oil to the Floating Storage and Offloading (FSO) facility with 1.7 million barrels of capacity at the minimum, and tanker that will transport oil from such FSO.

This work is divided into five contracts of EPC with total value of approximately US$1.3 billion. Those five contracts are projects for production process facility (EPC1), 20” onshore pipeline of 72 kilometer (EPC2), offshore pipeline and mooring tower (EPC3), floating storage and offloading facility (EPC4), and infrastructure facility and injected water storage dam (EPC5). All contracts have been signed. (ALF)

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