JAKARTA - ConocoPhillips, the largest U.S. oil refiner, said it will begin pumping crude oil from the Belanak field in Indonesia by November. The field would produce as much as 20,000 barrels a day, William Bullock, head of ConocoPhillips' Indonesian unit, told reporters in Jakarta. The oil company built a floating production facility for $709 million to produce the oil and spent $176 million developing the field.
Output from the field will rise to 35,000 barrels a day by early next year, Bullock said.
ConocoPhillips will begin shipping oil from the field in December, with a first shipment of about 300,000 barrels, he said.
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JAKARTA - ConocoPhillips, the largest U.S. oil refiner, said it will begin pumping crude oil from the Belanak field in Indonesia by November. The field would produce as much as 20,000 barrels a day, William Bullock, head of ConocoPhillips' Indonesian unit, told reporters in Jakarta. The oil company built a floating production facility for $709 million to produce the oil and spent $176 million developing the field. 
