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Prediction oil resources at Blok Cepu will be reaching 250 million barrel

Exxon Mobil and Pertamina has prediction that oil resources at Banyu Urip (Cepu) having almost 250 million barrel and of course it will be needed by Government of Indonesia to cover our oil needed in the future. 

As we know that the total investment to explore oil resources at Blok Cepu will be reaching Rp. 35 trillion, but currently it was distribute only Rp. 4 trilion by Government. 

From the total investment Rp. 35 trilion, PT Pertamina Eksplorasi Produksi (EP) Cepu will invest 45%, Exxon Mobil will invest 45%, and local Government of Centre Java, Blora, Bojonegoro invest 10%. 

Government very optimistic that oil resources at Blok Cepu will be reaching the capacity about 165.000-175.000 barrel/ day in the next 2011. Currently, Banyu Urip has reaching the capacity about 20.000 barrel/ day (www.okezone.com). 

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