Exxon Mobil Corporation XOM, the U.S. oil and gas giant, has ramped up production at the Cepu Block in Indonesia, delivering an additional 30,000 barrels of oil per day.

JAKARTA, Aug 5 (Reuters) - Exxon Mobil Corp and its partners must invest $1.3 billion at the giant Cepu block if it aims to achieve full output capacity, Indonesia's oil and gas watchdog said, as ...

The Cepu block production sharing contract (PSC) was signed in 2005 by ExxonMobil Cepu Ltd. (EMCL), PT Pertamina EP Cepu, and four local government companies.

ExxonMobil signed the Production Sharing Contract (PSC) for the Cepu Block in 2005 via ExxonMobil Cepu Limited ... EXXON Mobil-0.35. Open 57.81 Trading Vol. 6.96M Previous Vol. 241.7B. BUY 57.15.

Indonesia's state-owned oil and gas company Pertamina insists on a 35% stake in ExxonMobil's Cepu technical assistance contract onshore Java. Cepu contains the Banyu Urip oilfield development with ...

Crude oil production at Exxon Mobil's Cepu oil block in Indonesia had peaked at 185,000 barrels per day this week, spokesman Erwin Maryoto told reporters on Tuesday. Skip to main content.

Indonesia’s state oil company Pertamina has reached a preliminary agreement with ExxonMobil over the future of the Cepu block in Indonesia, said Pertamina upstream director Bambang Nugroho.

ExxonMobil subsidiary Mobil Cepu Ltd. and state-owned PT Pertamina each hold a 45% stake in the block, with the remaining 10% controlled by local government administrations.

ExxonMobil's profits topped analyst estimates despite lower revenue than expected for the fourth quarter as the oil and gas giant said its production in 2024 hit its highest level in over a decade.

ExxonMobil announced plans on Wednesday to raise its oil and natural gas production by 18% by 2030, investing between $28 billion - $33 billion annually. Newsletters Games Share a News Tip.