2005
- Establishment of PEPC September 14, 2005
- The signing of the Cepu Block Production Sharing Contract (PSC)
2005
2006
2006
- The signing of the Cepu Block Joint Operating Agreement (JOA) with EMCL and Ampolex with three main activities, namely exploration activities, development of the Banyu Urip oil field,
- Banyu Urip Plan of Development Approval
2007
- Initiation of Early Production Facilities (EPF) Banyu Urip
2007
2009
2009
- 1st Production EPF Banyu Urip Field (20 Millions of Barrels Oil Per Day (MBOPD)
2011
- Become the operator of the Jambaran – Tiung Biru (JTB) Unitization Gas Field Project based on the Head Of Agreement (HOA) between MCL, PEPC, and PT Pertamina EP (PEP).
2011
2012
2012
- Signing of Unitization Agreement (UA)/Unitization Operation Agreement (UOA) Jambaran - Tiung Biru (JTB) Unitization Gas Field Project
2013
- Build a Gas Processing Facility (GPF) with a design production capacity of 330 MMSCFD. On March 18, the Ministry of Energy and Mineral Resources and SKK Migas appointed PEPC as the Operator of the Jambaran – Tiung Biru (JTB) Unitization Gas Field Project Implementation.
2013
2014
2014
- Inauguration of the Banyu Urip Field Oil Production Increase Project by the President of the Republic of Indonesia
- Inauguration of the Banyu Urip Field production facility by the Coordinating Minister for Economic Affairs and
- Inauguration of the Urip Field Mooring Tower by SKK Migas and all Cepu Block Partners
- PEPC increases Cepu Block Production through the Early Oil Expansion (EOE) Program.
2015
- PEPC received an Environmental Permit for the Jambaran – Tiung Biru (JTB) Unitization Gas Field Project to run production operations with full venting CO2 and carry out the first liftingfrom the Gagak Rimang FSO (Floating Storage and Offloading) Ship in Surabaya.
- Signing of Head of Agreement(HoA) Sale and Purchase of Gas for the Jambaran – Tiung Biru (JTB) Unitization Gas Field Project between PEPC, EMCL, Ampolex, 4 (four) BUMDs. In this agreement, PEPC acts as the sellerand PT Pertamina (Persero) as the buyer.
- Increased Production of Well Pad B Early Oil Expansion (WPBEO) so that Banyu Urip Production becomes 79 MBOPD
- Approval of the POD Revision of the JTB Project.
2015
2016
2016
- Approval of the Plan of Development (PoD) of the Kedung Keris Project
- Signing of ECW Contract for Jambaran – Tiung Biru (JTB) Unitization Gas Field Project
2017
- Ground breaking of the Jambaran – Tiung Biru (JTB) Unitization Gas Field Project
- Transfer of EMCL Management to PEPC for the JTB Project and signing of the EPC GPF contract between PEPC and the PT Rekayasa Industri Consortium – JGC Indonesia – JGC Corporation.
- Signing of Amendment to Joint Operator Agreement (JOA), Unitization Agreement (UA), Unitization Operating Agreement (UOA), termination of Cepu Gas Marketing Agreement (CGMA) and Settlement Agreement of Jambaran – Tiung Biru Unitization Gas Field Project (JTB).
2017
2018
2018
- Transfer of Management of the Cepu Block Cooperation Agency (BKS) to PEPC for the Jambaran – Tiung Biru (JTB) Unitization Gas Field Project so that the Project is 100% managed by Pertamina (through PEPC and PEP).
2019
- Jambaran – Tiung Biru (JTB) Unitization Gas Field Project
- Initial EPC GPF Piling of Jambaran – Tiung Biru (JTB) Unitization Gas Field Project
- The signing of project financing with a consortium of national and international banks to finance the development project of the Jambaran Tiung Biru Unitization Gas Field worth USD 1.8 billion.
2019
2020
2020
- Well testing at the Jambaran East wellpad & Well pad Jambaran Central – Drilling for the Jambaran – Tiung Biru (JTB) Unitization Gas Field Project
- Installation of one of the heavy equipment, namely the Selexol Generator at the EPC GPF of the Jambaran – Tiung Biru (JTB) Unitization Gas Field Project
- Installation of one of the heavy equipment, namely Absorber Erection at the EPC GPF of the Jambaran – Tiung Biru (JTB) Unitization Gas Field Project
- Achieving 15 million safe working hours in the EPC GPF Project for the Jambaran – Tiung Biru (JTB) Unitization Gas Field Project
- Organizational transformation of PT Pertamina (Persero) into Holding – Sub Holding.
2021
- The JTB Drilling Project was successfully completed 56 days ahead of schedule, 11% operational cost efficiency and 1.6 million man hours safely in early 2021.
- Go Live Upstream Sub Holding Organization Transformation. PEPC is designated as Regional 4 which oversees 4 zones, namely zone 11, zone 12, zone 13 and zone 14.
2021