Cepu likely to fall behind schedule

Delayed: ExxonMobil's Cepu Block is not expected to reach full production until at least August next year

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News Wires

 28 January 2013 08:47 GMT

ExxonMobil’s Cepu Block will likely not reach full production until August or September 2014, behind the initial schedule for May 2014..

"Initially we were expecting the project would deliver (full) production in May 2014, but I'm not sure if we can deliver it in May or not ... Probably going up to August or September," Gde Pradnyana, operations controller at Indonesia’s oil and gas regulator, told Reuters.

Cepu is currently producing 24,000 barrels per day and its target production of 165,000 bpd is hoped will boost Indonesia's dwindling crude output.

Pradnyana told Reuters that Cepu was a top priority for the government, and that its management and delays in production were one of the…

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