Exxon and Pertamina end Cepu stand-off

THE long-running stand-off between ExxonMobil and Indonesian state-owned oil company Pertamina concerning the $US2.6 billion Cepu oil block is now over, with the US giant reportedly securing operating status over the block.

Exxon and Pertamina end Cepu stand-off Exxon and Pertamina end Cepu stand-off Exxon and Pertamina end Cepu stand-off Exxon and Pertamina end Cepu stand-off Exxon and Pertamina end Cepu stand-off

Yesterday, ExxonMobil spokesperson Maman Budiman released a statement confirming ongoing negotiations between the two parties had been completed and a new entity, Mobil Cepu, had now been created to

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