Exxon 2014 Annual Report Download - page 16

CREATING VALUE THROUGH THE CYCLE
Upstream: Demonstrating Project Execution Capabilities
ExxonMobil is building upon its 115-year history in Indonesia by progressing completion of the world-class
Banyu Urip project, the country’s largest new oil development. At a cost of more than $3 billion, the project will
deliver substantial liquids production while providing multiple benefits to Indonesia and its people.
World-Class Project
The Banyu Urip project is the first development in the
Cepu Block, located onshore in East Java, Indonesia.
The Banyu Urip field was discovered in 2001, and
a production sharing contract (PSC) was signed in 2005.
ExxonMobil holds a 45-percent working interest in the
Cepu Block, with PT Pertamina owning 45 percent and
local government companies holding the remaining
10 percent. At peak production, Banyu Urip is expected
to produce up to 165 thousand barrels of oil per day.
Recoverable resources are estimated at 450 million
barrels of oil.
ExxonMobil is building on its project execution capabilities
to deliver multiple components of the project, which
are being executed by five Indonesian-led engineering,
procurement, and construction (EPC) consortiums.
The final EPC contract was signed in 2011, initiating the
execution phase of the project.
To limit its environmental footprint, the project’s 48 wells are drilled from only three well pads. Produced oil, water, and gas
are processed at a central processing facility. Crude oil then flows through 60 miles of onshore and offshore pipelines to an
offshore mooring tower that connects to a floating storage and offloading (FSO) vessel, which can store up to 2.2 million
barrels of oil.
The mooring tower, anchored into the seabed in about 100 feet of water, has a large swiveling assembly to enable the
vessel to rotate freely with shifting winds, waves, and currents without disrupting the flow of oil coming from the pipeline.
Construction of the pipelines, mooring tower, and vessel is complete, and over 90 percent of the project facilities have been
installed. The drilling program is progressing ahead of schedule and facilities commissioning is under way.
Safety of our workforce has been a primary focus during project execution. The team has achieved outstanding safety
performance and has been recognized with multiple industry awards.
Eric Whetstone • Whetstone Design
EDITOR
Nick Berthiaux • Investor Relations
Exxon Mobil Corporation, Irving, TX
Carol Zuber-Mallison • ZM Graphics, Inc.
studio/cell: 214-906-4162 • fax: [phone]
ATTENTION: OWNER VERSION
APPROVED BY
Jan. 10, 2015
FILE INFO
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Lengo Jati
Cepu PSC
Cendana Banyu
Urip
Kedung
Keris
Jambaran
Alas Tua
West
ExxonMobil Lease
Oil Field
Gas Field
Oil and Gas Field
FSO Vessel
Pipeline
Surabaya
Tuban
JAVA
BRUNEI
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Indian Sea
PAPUA
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GUINEA
MALAYSIA
PHILIPPINES
Surabaya
Jakarta
SUMATRA
AUSTRALIA
Banyu Urip: By the Numbers
• 165 thousand barrels per day of peak oil production
targeted in 2015
• 450 million barrels of recoverable oil reserves
• Over $3 billion total project and drilling investment
• 460 Indonesian companies contracted for
project activities
• Over 10,000 Indonesian workers at peak construction
• More than 70,000 community members
benefited from education, health, and economic
development programs
• 3,000 teachers trained, serving 33,000 students
EXXONMOBIL 2014 SUMMARY ANNUAL REPORT
14