"Our board of commissioners has given ExxonMobil until March to settle the Cepu issue although we hope that we can settle faster than that," said Pertamina's upstream director Bambang Nugroho.
US supermajor ExxonMobil and Indonesia's limited liability oil and gas company Pertamina are trying to seal a mutually acceptable deal for the future operatorship of the Cepu block onshore Java. Both sides are hoping to get an agreement finalised before the end of the first quarter ahead of April general elections.
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