He Kuku!Could not have said that better! Cepu is Indonesia's production -life preserver! Exxon, though it pains me to say this, got it right! The eventual production and processing of the field will allow Indonesia to be stand alone and once again a net exporter!

foreign oil companies here are totally infused with the indonesian bureaucratic and rentier mind-set, which is why what should take, say, a month to achieve, takes a year. that's why exxon fought so hard to exclude pertamina from management of the Cepu block; they are parasites who don't give a...

The funny thing is that there are rigs, pipe casing, bits, etc. all over this country, but there is so much B.S. to get anything done, that it's crazy. Your right though,there is no way they will drill 34 wells this year or probably next year either.

Its not only the Rig shortage which is the problem, the logistics behind the drilling operation, Casing, Tubing and other associated equipment is on a 6-8 month delivery. So far Exon Mobil have not tendered for any of these components and with the bid process taking 2 months, drilling would not be...

Exxon May Delay Cepu Oil Drilling on Rig ScarcityApril 7 (Bloomberg) -- Exxon Mobil Corp. and Indonesia's state oil company PT Pertamina may not drill at the $2.6 billion Cepu project until early next year because of a scarcity of rigs, further delaying production after a four-year ownership...