Faster and Safer
Tuesday, August 25, 2009
Oil production from the Cepu Block has been delayed. Again. The government needs to increase its oversight of the process.
arsip tempo : 173496918457.
WHEN Exxon was chosen as Pertamina’s business partner in the exploitation of Cepu Block, the government’s reasoning was simple. It hoped the oil giant would begin production as fast as possible. In 2006 the government’s coffers were depleted by fuel subsidies when the price of world oil soared, while domestic production was predicted to continue falling. So Mobil Cepu, the Exxon and Pertamina joint venture, began in 2007.
It was hoped that
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