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.
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.
