OGJ Newsletter

General Interest - Quick TakesFirms ordered to jointly operate Cepu BlockIndonesian President Susilo Bambang Yudhoyono has ordered state oil company PT Pertamina to jointly operate the Cepu Block with ExxonMobil Corp. on a rotating basis, according to Pertamina Pres. Widya Purnama.Purnama said Pertamina will operate the block, which lies in east-central Java, for the first 5 years, ExxonMobil will operate the block for the next 5 years, and the cycle would repeat for the 30-year contract term.In September, Pertamina and ExxonMobil signed a contract establishing joint ownership of Cepu Block (OGJ Online, Sept. 20, 2005). Last month, the Indonesian government had said it would intervene in ...

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