Space Travel News  
OIL AND GAS
Exxon starts new work in Indonesia
by Daniel J. Graeber
Irving, Texas (UPI) Dec 14, 2015


disclaimer: image is for illustration purposes only

ExxonMobil said it started operations at an onshore processing facility that will help boost oil production in Indonesia, the newest member of OPEC.

Exxon started operations for a processing facility servicing the onshore Banyu Urip field in Indonesia, which should help increase production to more than 130,000 barrels of oil per day. Once in full service, the field will produce 450 million barrels of oil over its lifetime.

"Banyu Urip is helping drive economic growth in Indonesia and has led to the training and employment of thousands of Indonesians," Neil Duffin, president of ExxonMobil Development Co., said in a statement.

Indonesia was welcomed back as a member of the Organization of Petroleum Exporting Countries during an early December meeting of the production group in Vienna. Indonesia left OPEC in 2009 because it was no longer a net exporter.

Jakarta said it needs to work with members of OPEC in order to get a direct source of crude oil and natural gas.

Analysis from the U.S. Energy Information Administration finds Indonesia produces about 790,000 barrels of crude oil and condensates, an ultra-light form of oil. That puts it above Ecuador and Libya, the two lowest producing members of OPEC. The Indonesian government estimated that as of Jan. 1 it held 5.2 billion barrels of oil equivalent, about half of which existed as crude oil.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
OIL AND GAS
Scientists develop diesel that emits far less CO2
Leuven, Belgium (SPX) Dec 14, 2015
Researchers from KU Leuven and Utrecht University have discovered a new approach to the production of fuels. Their new method can be used to produce much cleaner diesel. It can quickly be scaled up for industrial use. In 5 to 10 years, we may see the first cars driven by this new clean diesel. The production of fuel involves the use of catalysts. These substances trigger the chemical react ... read more


OIL AND GAS
45th Space Wing supports NASA's Orbital ATK CRS-4 launch

Orbital cargo ship blasts off toward space station

Virgin Galactic Welcomes 'Cosmic Girl' To Fleet Of Space Access Vehicles

DXL-2: Studying X-ray emissions in space

OIL AND GAS
Mars Mission Team Addressing Vacuum Leak on Key Science Instrument

Letter to Mars? Royal Mail works it out for British boy, 5

European payload selected for ExoMars 2018 surface platform

ExoMars has historical, practical significance for Russia, Europe

OIL AND GAS
XPRIZE verifies moon express launch contract, kicking off new space race

Gaia's sensors scan a lunar transit

SwRI scientists explain why moon rocks contain fewer volatiles than Earth's

All-female Russian crew starts Moon mission test

OIL AND GAS
Pluto's close-up, now in color

New Visualization of Space Environment at Pluto

New Horizons' catches a wandering Kuiper Belt Object not far off

Pluto surface details revealed in best images yet

OIL AND GAS
Student helps discover new planet, calculates frequency of Jupiter-like planets

What kinds of stars form rocky planets

Half of Kepler's giant exoplanet candidates are false positives

Exiled exoplanet likely kicked out of star's neighborhood

OIL AND GAS
NASA Marshall Prepares for SLS Foam Testing

LISA Pathfinder carries advanced NASA thruster tech

Bezos takes big step towards reusable commercial space flight

Progress continues on test version of SLS Connection Hardware

OIL AND GAS
China launches new communication satellite

China's indigenous SatNav performing well after tests

China launches Yaogan-29 remote sensing satellite

China's scientific satellites to enter uncharted territory

OIL AND GAS
Robot arm simulates close approach of ESA's asteroid mission

New clues to Ceres' bright spots and origins

New US space mining law to spark interplanetary gold rush

Dawn spiraling in towards Ceres









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.