SHARE
Image courtesy of the Security and Exchange Commission.

ExxonMobil said Tuesday it’s ramping up production at the onshore Banyu Urip field in Indonesia.

The company expects output at the field, located in the Cepu block, to pass 200,000 barrels per day later this year, Reuters said.

Banyu Urip was producing 75,000 bpd at the end of April and is one of the largest oil discoveries made in Asia in the last decade.

The field was discovered in 2001 and saw first oil in December 2008.

According to Reuters traders are expecting the first exports from the field in the third quarter.

Banyu Urip produces light to medium waxy crude with low sulfur content that can be used to make diesel, gasoline and kerosene.

ExxonMobil estimates that the field holds 375 million barrels of oil and expects the field to play a large role in Indonesia’s plan to add 30,000 bpd in production this year.

“We continue to see strong capacity results on the Banyu Urip wells and will continue to ramp up production until we reach peak field production of more than 200,000 barrels per day, later in 2015,” ExxonMobil Indonesia vice president of public and government affairs Erwin Maryoto told Reuters.