"Its production will remain 22,000 barrel per day until 2014."Jakarta (ANTARA News) - The Cepu Oil Block which shares borders in East and Central Java, is predicted to maximally produce 22,000 barrels (of oil) per day (bpd) until it comes to full operations in 2014, an official said.
Spokesman of the Upstream oil and Gas Interim Task Force (SKSP Migas) Hadi Prasetyo said here on Sunday that the task force was most unlikely to increase the block`s production capacity from the present level of 22,000 bpd.
"Its production will remain 22,000 barrel per day until 2014," he said.
According to Prasetyo, the high investment cost is not proportional with a production increase which will be reached two years. In fact, technically the initial production of Cepu block could reach 37,000 bpd.
It was initially planned to increase the block`s production by 5,000 bpd to 27,000 bpd, but it was cancelled due high invest cost, he said.
The Cepu block is now operating under a limited production capacity based on its early production facilities (EPF). The limited production capacity would take place until the end of 2014.
The oil field`s full scale production facilities are under construction and are targeted to be completed at the end of 2014 when it is expected to operate under a production capacity of 165,000 barrels of oil per day.
There are five packages of the full scale production facilities. They are onshore production facility, desalination pipe installation, offshore pipe and mooring tower, floating loading dock, and other supporting facilities.
The full scale production facilities were was designed to produce a total of 450 million barrels of oil.
The first oil production was scheduled to begin in May 2014 at a capacity of 90,000 bpd. The capacity would be increased gradually to 150,000 bpd in August and 165,000 bpd at its peak in November 2014.
(Uu.A059/A014)
Editor: Priyambodo RH
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