PT Pertamina EP Cepu (PEPC), which was established on 14 September 2005, is a subsidiary of PT Pertamina (Persero) assigned to perform upstream activities in Mining Working Area (WKP) of oil and gas in Cepu Block covering the Regencies of Bojonegoro and Tuban in the East Java Province and in the Blora Regency in the Central Java Province.
PEPC exists by virtue of the Law No. 22 year 2001 on Oil and Gas and also pursuant to the Government Regulation (PP) No. 31 year 2003 on the Change in the Legal Entity Status of Pertamina into a Persero, in which Pertamina would no longer hold the Mining Authority and thus the legal entity name was changed to PT Pertamina (Persero).
Further, based on Government Regulation No. 35/2004 on Upstream Activities of Oil and Gas, Pertamina's Technical Assistance Contracts (TAC) and Enhanced Oil Recovery (EOR) Contracts are transferred to PT Pertamina (Persero) and the ex-contract areas shall remain part of the working areas of PT Pertamina (Persero). Therefore, the TAC of Cepu Block should have remained to be the working area of PT Pertamina (Persero). However, to accelerate the production of oil and gas, the government issued Government Regulation No. 34/2005 on the Amendment to Government Regulation No. 35/2004 concerning the Upstream Oil and Gas Activities. Accordingly, based on such government regulation, the Cepu Block TAC contract could be altered into a Cooperation Contract (KKS) and was not to be automatically returned as the Mining Working Area (WKP) of Pertamina.
PEPC in Partnership with ExxonMobil and Badan Usaha Milik Daerah (BUMD) Manage the Cepu Block
On 17 September 2005, an agreement was entered for a Cooperation Contract (KKS) of Cepu Block between BPMIGAS on behalf of the Government and the Contractor which was Mobil Cepu Ltd. (MCL) and Ampolex (Cepu) Pte. Ltd. (both are subsidiaries of Exxon Mobil) and PT Pertamina EP Cepu (PEPC) with a contract period of 30 years. The composition of Participating Interest (PI) of each party is 50% MCL and Ampolex and 50% PEPC. The composition of PI was subsequently changed after the signing of a supplementary agreement of KKS on 30 October 2008 and on 26 February 2009 to include four regional government-owned companies (BUMDs) represented by a Cooperation Body as one of the PIs with 10% participating interest. Therefore, the composition of PI became 45% Pertamina EP Cepu, 45% MCL and Ampolex, and 10% BUMD.
To manage the oil gas activities in the Cepu Block KKS, a Joint Operating Agreement (JOA) of the Cepu Block, following a lengthy process, was signed on 15 March 2006 by MCL, Ampolex and PEPC effective retroactively as of 17 September 2005. The JOA also stipulates that MCL is appointed as the Cepu Block Operator.
Born in 1974, as Commissioner of PT Pertamina EP Cepu on March 17, 2015 until now. He earned a Bachelor degree in Industrial Engineering from Bandung Institute of Technology (1996) and obtained his Master of Business Administration (Honors) from the Wharton School, University of Pennsylvania (2002). His career began in 1997 at Booz Allen & Hamilton, Asia, Merryl Lynch (Summer Associate, Investment Banking) (2001), Booz Allen & Hamilton, USA (Associate) (2003-2004) and PT McKinsey Indonesia (last position, President Director) (2004 - 2014). Arief Budiman is currently also the Finance Director PT. Pertamina (Persero). ...
Born in 1961, as Commissioner of PT Pertamina EP Cepu on October 29, 2015. He earned a Bachelor degree in Geological Engineering at UGM Oil (1988) and obtained a Master Degree in Oil Geology Engineering from Bandung Institute of Technology (2003). His career started since 2007 Vice President of Asia - America PT PHE. Has served as Vice President Exploration of PT Pertamina EP (2009), Exploration & New Discovery Project Director (2011 - January 2015), 2015 as Senior Vice President Exploration Dit. Upstream PT Pertamina (Persero) PT Pertamina EP ...
Born in 1964, as Commissioner of PT Pertamina EP Cepu on October 29, 2015 2015. He earned a Bachelor Degree in Geodetic Engineering from Bandung Institute of Technology (1988). His career began in 1990 as DAK-UEP. IV / AST.GEOF - Balikpapan (1990 - 1994, Geophysical Exploration Processing Expert - Dit EP - Jakarta (1994 - 1996), PPM / PJ Key Expert Data Base - Jakarta (1996 - 2000), Assistance Staff - OPEC - Austria (2000 - 2005), Main Analyst of Business Development Evaluation Renata - Jakarta (2006), Expert Staff Vice President Director - Corporate (2007 - 2008), Expert Staff Vice President Director - KP Pertamina (2009), Upstream Business Intelligence Manager - Dit Hulu - KP Pertamina (2009 - 2010), Special Staff of the Minister of Energy and Mineral Resources - KP Pertamina (2010-2011), Expert Staff President Director - KP Pertamina (2011-2012), VP Upstream Business Growth - KP Pertamina (2012 - 2013), President Director Currently Denie S. Tampubolon also serves as SPV Upstream Business Development of PT Pertamina (Persero). ...
Born in Plaju, March 19, 1962 (53 years), as Commissioner of PT Pertamina EP Cepu on July 2, 2015 until now. He earned an Accounting Academy (DIII) degree from the State College of Accountancy (1984), Accountant (DIV) from the State College of Accountancy (1990), Master in Science Management (S2) Arthur D. Little School of Management, Cambridge, Massachusetts (1993) and earned a Doctoral degree in Accounting (S3) of Padjadjaran University (2005). His career began in 1984 as Junior Accountant, Customs and Excise Inspectorate, Ministry of Finance (1984 - 1987), Accountant at the Directorate General of Financial Institutions, Ministry of Finance (1990-1991), Senior Auditor, Planning Directorate, BPKP (1993 - 1995), Widyaiswara, State College of Accountancy (1997 -1198), Head of Supervision of Financial Institutions of State-Owned Enterprises (BUMD), Finance and Development Supervisory Agency (1995 - 2000), Head of Reception Supervision, BPKP (August - November 2000), Secretary Audit Committee Implementation Monitoring Committee of Oversight Committee (BPPN) (Dec. 2000 - Feb 2004), Member of Downstream Oil and Gas Regulatory Committee Committee (May 2003 - May 2007), Secretariat Member of the People's Business Credit Policy Committee Capital Market and Financial Institutions Field Coordinating Ministry of Economic Affairs (Nov 2007 - May 2012), Inspector of the Coordinating Ministry for Economic Affairs (Sep 2011 - May 2013), Head of General Bureau of the Coordinating Ministry for Economic Affairs (May 2013 - July 2015). Currently Iwan Faidi also serves as Assistant Deputy for Entrepreneurship Development of the Coordinating Ministry for Economic Affairs....
Born in 1962 Received a bachelor's degree in Mechanical Engineering University of North Sumatra / Medan in 1982. Started his career in Pertamina since 1990 as a Production Facilities Maintenance Supervisor, in 2006, he was appointed Deputy Field Facilities Project Manager of PT Pertamina EP Cepu. Furthermore, he has become Deputy Sr.Project Manager of PT Pertamina EP (2008), Sr.Manager Teknik & PF PT Pertamina EP (2010), VP Surface Facilities of PT Pertamina EP (2013).
Business Support Director
Initially, he started his career in Pertamina in the Financial function of Pertamina Balikpapan from 1990. A number of previous positions: Finance Manajer at UP IV Cilacap, Treasury Manager for Downstream Affairs, Downstream Affairs Business Risk Management Manager, Strategic Planning & Risk Management Manager. In November 2013 he assumed the position of Financial Director for Pertamedika and as Financial Director for PT Pertamina Drilling Services Indonesia on 01 September 2015. ...
The infrastructure and industrial development activities have led to an energy consumption growth reaching an average of 7% in the past 10 years. Such increase already exceeded the average of the global energy demand.
PT Pertamina EP Cepu (PEPC) is an affiliate (subsidiary) of PT Pertamina (Persero) engaged in the business of upstream oil and gas activities covering exploration, exploitation and production in the Contract Area of the Cepu Block.
Currently the field projects being developed are the Banyu Urip full-field project estimated to produce oil up to 165 KBD, and the Cepu Gas Development Project covering the Unitization of the Jambaran - Tiung Biru fields and the Cendana field.
Up to this point in time, production from the Cepu Blok Contract Area is extracted through an Early Production Facilities (EPF) scenario that had been started in 2009.
Environment means the community of workers, the work premises, the surrounding society and nature . PERTAMINA EP CEPU has the commitment to always conduct its operations in a manner that is in harmony with the environment and the interest of the Company in all PEPC's operating areas
A good quality of the workers' communal environment is ensured through supervisory control on the "Fitness to Work".
PEPC's Occupational Health from HSSE department arranges Fitness medical check-ups and monitoring of the workers health periodically. This serves as an effort for early detection of diseases, fatigue and work-related illnesses and ailments due to exposure to certain hazards so that the worker's health condition can be managed and or made to adapt to the conditions of his work environment. The methods of work that carried out and the equipments that used must meet the latest requirement in science and ergonomic application and fitness programs are given by the Company in support of heightening creativity and spirit of the workers in a harmonious working environment.
The Company consistently monitors the quality of the work environment. The standard Industrial Hygiene Program is conducted periodically and continuously so that the requirements of a healthy work environment are met through monitoring, corrections and recommendations on factors of noise, light intensity, room temperature, smells, pests, air quality, housekeeping, etc. Joint cross-function inspections reflect the joint responsibility and care in keeping a comfortable work environment.
One of the points of PEPC's HSSE Policy states that the Company always conducts its business activities under the principle of "Green Operation" and in line with such statement, PEPC President-Director issued an Environmental Policy as commitment for management actions of the Company's business which is also meant to prevent, minimize and mitigate the negative effects on the natural resources and on nature itself and ensure that man-made products on the environment are not hazardous to humans. AMDAL and the Environmental Permits serve as a foundation for the compliance of sustainable management and monitoring (UKL-UPL) in the good coordination between stakeholders that care for the environment through one of their mandatory programs namely the Environmental Audit. The Company also urges the workers to be pro-active in creating, maintaining and developing appropriate technology that is eco-friendly which is daring and accountable and has due accreditation and appreciation in the environmental management.
PEPC is fully aware that in running its businesses it will undeniably come into contact with nature and communities living in the vicinity of the operating areas. Giving due attention, anticipating and controlling the security aspect will ensure integrity of protection of workers, assets, information and reputation of the Company against any potential threats. PEPC holds the principle that human dignity is become the most important. PEPC's Security Policy is implemented in accordance with the Universal Declaration of Human Rights , international and national laws based on the voluntary principle of security and human rights aspects. Social relationship around the operating areas are continuously nurtured, made closer and its harmony maintained. PEPC facilitation in the laws and regulations defined as National Vital Objects (OBVITNAS) applies the best security standard and establishes direct links with the state law enforcers. Security responsibility is created jointly, disseminated and tested in the interest of managing the company's business, the operating area environment and the Unitary State of the Republic of Indonesia.