Chevron expands oil project in Sumatra

Indonesia’s largest producer of crude oil, PT Chevron Pacific Indonesia (CPI), has begun a $500 million expansion project at the Duri field on the island of Sumatra.

The project is expected to add 17,000 barrels of oil per day (bpd) to the Duri oil field’s total production at the end of its expansion, Chevron’s managing director, Jeff Shellebarger, told media on October 25.

The multi-million dollar project will incorporate the construction of 539 new wells, including 358 producing wells, 36 temperature observation wells, and 145 steam injection wells, installed to utilise steam to aid the flow of heavy oil.

CPI will contribute an expected 343,212 bpd to Indonesia’s total projected 870,000 bpd this year, or about 39 per cent, with the Duri oil field adding to this production by the end of 2013.

Indonesia has welcomed more exploration and drilling projects in recent years due to declining production as aging oil fields pump less crude.

The archipelago was a member of OPEC until 2008 when its oil production fell to 970,000 bpd, making the nation a net oil importer no longer eligible for the OPEC. Indonesia’s national regulator expects oil production to reach 900,000 bpd by 2013.



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Indonesia’s largest producer of crude oil, PT Chevron Pacific Indonesia (CPI), has begun a $500 million expansion project at the Duri field on the island of Sumatra. The project is expected to add 17,000 barrels of oil per day (bpd) to the Duri oil field’s total production at the end of its expansion, Chevron’s managing director, Jeff Shellebarger, told media on October 25. The multi-million dollar project will incorporate the construction of 539 new wells, including 358 producing wells, 36 temperature observation wells, and 145 steam injection wells, installed to utilise steam to aid the flow of heavy oil. CPI...

Indonesia’s largest producer of crude oil, PT Chevron Pacific Indonesia (CPI), has begun a $500 million expansion project at the Duri field on the island of Sumatra.

The project is expected to add 17,000 barrels of oil per day (bpd) to the Duri oil field’s total production at the end of its expansion, Chevron’s managing director, Jeff Shellebarger, told media on October 25.

The multi-million dollar project will incorporate the construction of 539 new wells, including 358 producing wells, 36 temperature observation wells, and 145 steam injection wells, installed to utilise steam to aid the flow of heavy oil.

CPI will contribute an expected 343,212 bpd to Indonesia’s total projected 870,000 bpd this year, or about 39 per cent, with the Duri oil field adding to this production by the end of 2013.

Indonesia has welcomed more exploration and drilling projects in recent years due to declining production as aging oil fields pump less crude.

The archipelago was a member of OPEC until 2008 when its oil production fell to 970,000 bpd, making the nation a net oil importer no longer eligible for the OPEC. Indonesia’s national regulator expects oil production to reach 900,000 bpd by 2013.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

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Donation Total: $10.00

 

 

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