This is a List of the Largest Oil Companies in Indonesia in 2021

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Adi Ahdiat 20/12/2022 12:20 WIB

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In 2021, the oil company with the largest production capacity in Indonesia was ExxonMobil Cepu Ltd., a multinational corporation headquartered in the U.S.

Top 10 Oil Companies with the Largest Production Capacity in Indonesia (2021)*

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Top 10 Oil Companies with the Largest Production Capacity in Indonesia (2021)*

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According to data from the Ministry of Energy and Mineral Resources (ESDM), Indonesia's average production of crude oil and condensate in 2021 reached 658,540 barrels of oil per day (BOPD).

In 2021, ExxonMobil Cepu Ltd. had the largest production capacity among oil companies in Indonesia.

The US-based company produced an average of 202,894 BOPD of crude oil and condensate, nearly one-third of the national production capacity last year.

According to its official website, ExxonMobil's predecessor and affiliates have been exploring oil and gas fields in Indonesia since 1912.

ExxonMobil first became a Production Sharing Contract (PSC) contractor in 1968 for the exploitation of the Arun gas field in Aceh Province.

Exploration continued until ExxonMobil discovered a 450-million-barrel oil reserve at the Banyu Urip oil field in the Cepu Block, East Java, in 2001. They signed a cooperation contract (KKS) to develop the area in 2005.

"In the Cepu Block, East Java, we collaborate with PT Pertamina EP Cepu and the Cepu Block PI Joint Working Body to develop the Banyu Urip oil field," ExxonMobil stated on its website.

"The Banyu Urip field was built by five consortium contractors led by an Indonesian company, 460 Indonesian subcontractors and suppliers, and more than 17,000 Indonesian workers who contributed to the development phase," it continued.

"ExxonMobil holds 45 percent of the total participating interest in the Cepu Block. This Cepu PSC will continue until 2035," it added.

Besides ExxonMobil, here is a list of oil companies with the largest production in Indonesia in 2021:

* PT Pertamina Hulu Rokan: 160,103 BOPD
* PT Pertamina EP: 71,386 BOPD
* PT Pertamina Hulu Energi Offshore North West Java (PHE ONWJ): 27,136 BOPD
* PT Pertamina Hulu Mahakam: 24,922 BOPD
* PT Pertamina Hulu Energi Offshore Southeast Sumatra (PHE OSES): 24,338 BOPD
* Petrochina International Jabung Ltd: 15,438 BOPD
* Medco E&P Natuna: 13,715 BOPD
* PT Pertamina Hulu Sanga Sanga: 12,241 BOPD
* PT Pertamina Hulu Kalimantan Timur: 9,303 BOPD

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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This is a List of the Largest Oil Companies in Indonesia in 2021

This is a List of the Largest Oil Companies in Indonesia in 2021

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