ExxonMobil Contract to End

PERTAMINA has decided to opt for a winwin solution to resolve the Cepu oil and gas field problem. The state-owned company is not now going to extend the technical assistance contract (TAC) with ExxonMobil Indonesia, due to expire in 2010. Previously, ExxonMobil had requested the contract be extended until 2030. According to Pertamina deputy director of downstream operations, Eteng A. Salam, the TAC had not been comme