The Cepu Cooperation Contract (KKS) was signed on 17 September 2005 and covers the Cepu contract area in Central Java and East Java. Mobil Cepu Ltd. (MCL), Ampolex Cepu PTE LTD., PT Pertamina EP Cepu and four local government companies, PT Sarana Patra Hulu Cepu (Central Java), PT Asri Dharma Sejahtera (Bojonegoro), PT Blora Patragas Hulu (Blora) and PT Petrogas Jatim Utama Cendana (East Java) together constitute the Contractor under the Cepu KKS.
ExxonMobil holds 45 percent of the total participating interest in the Cepu Block. The Cepu KKS will continue until 2035. A Joint Operating Agreement (JOA) was entered into by the contractor parties. ExxonMobil serves as the operator of the Cepu KKS on behalf of the contractor.
Cepu project development and production is expected to have a positive impact on other industries and local communities in Java through increased economic output, jobs, and community development projects.
The Banyu Urip project is the first development under the Cepu Contract Area and involves the development of the Banyu Urip oil field.
Full field development consists of central processing facilities, onshore and offshore pipelines and a floating storage and offloading facility.
Explorations in Cepu Block
In 2008 a successful appraisal well was drilled at the Jambaran field. The following year, we conducted an additional 2D-seismic survey in Blora Regency. We are currently progressing with exploration drilling activities at the Alas Tuwa West field in Bojonegoro Regency, and will continue with drilling programs in Kedung Keris and Alas Tuwa East fields.