Cepu Awaits the Signal
Tuesday, May 31, 2005
THE Banyu Urip well is now just vacant land surrounded by a wire fence and a locked gate. Mobil Cepu Limiteda subsidiary of the ExxonMobil Corporationceased operations at Banyu Urip, which is a part of the Cepu Block, in 2003. At that point, negotiations with Pertamina regarding the extension of their contract until 2010 had come to a standstill.
Perhaps not many people know that potential oil and gas reserves had orig
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