Exxon May Delay Cepu Oil Drilling on Rig Scarcity

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 feasible for at least 10 months to a year.

Dont know how they will drill the 34 wells this year!