12 Years, Pertamina EP Cepu Continues to Maximize Performance

JAKARTA – The 12th anniversary of PT Pertamina EP Cepu (PT Pertamina EP Cepu) which fell on September 14 was commemorated by holding a celebration in the Yudhistira room, Patra Jasa building, Jakarta, Thursday (14/9/2017).

The event was opened by the PT Pertamina EP Cepu Board of Commissioners, represented by Doddy Priambodo. “Currently PT Pertamina EP Cepu is one of the subsidiaries (AP) with the highest production upstream, reaching 205,000 BOPD. Therefore, we really appreciate this achievement and hope that it can be maintained and further improved, especially in working on the Jambaran-Tiung Biru (JTB) project in the future,” he said.

Apart from that, Doddy expressed his pride towards PT Pertamina EP Cepu workers who are able to align themselves by adopting good things from ExxonMobile partners. “Hopefully PT Pertamina EP Cepu people can be better than them, by staying focused on work safety and maintaining the commitment to the golden rules of HSSE which includes three things, namely obedience, care, and intervention,” added Doddy.

Meanwhile, PT Pertamina EP Cepu President Director Adriansyah expressed his gratitude for the contribution of all employees, the Board of Directors and former Directors of PT Pertamina EP Cepu, as well as stakeholders who have been working and developing with PT Pertamina EP Cepu since 2005.

“We have gone through many challenges and obstacles, there are some things that made us step back for a moment, but we are still enthusiastic to keep moving forward,” he said.

In addition to managing a 45% participating interest in the Cepu block, one of PT Pertamina EP Cepu’s visions is to become a role model for developing human resources (HR) for technology transfer and to become a role model for a world class company.

“So, PT Pertamina EP Cepu’s mission is not only to produce hydrocarbons, but we are Pertamina’s agent of change, especially for asset management upstream,” said Adriansyah.

In the event, he also explained the history of the establishment of PT Pertamina EP Cepu which was originally intended for the development of the Cepu block together with ExxonMobil, with the working areas of Bojonegoro, Tuban, and Blora. PT Pertamina EP Cepu is growing very rapidly, especially after Banyu Urip (BU) onstream in early 2016, BU production increased significantly from 72,000 BOPD in 2015 to 165,000 BOPD in 2016, and currently the target is 185,000 BOPD, but has already reached 208,000 BOPD.

Since 2013, PT Pertamina EP Cepu has been appointed as the operator for the development of the Jambaran and Tiung Biru fields. He invites all PT Pertamina EP Cepu management from top management to operator level and stakeholders to unite determination, contribute, commit with maximum enthusiasm to make JTB onstream projects in 2020.

In 2016, PT Pertamina EP Cepu managed to record a net profit of US$ 220,673,000, and PT Pertamina EP Cepu was recorded as the second largest profit contributor in Pertamina’s Upstream Directorate with a fairly good level of efficiency. Even in July 2017, PT Pertamina EP Cepu’s profit was close to US$ 200 million, so the prediction for profit at the end of 2017 will be much higher than the target set.

“For that, I would like to thank you for your cooperation while maintaining the level of production and appreciation for the efficiency efforts that have been made in all lines,” he said.

The event continued with the symbolic cutting of the cone which was handed over by the PT Pertamina EP Cepu board of directors and commissioners to the two youngest workers who came from the SCM function. In addition, the celebration was also filled with dance performances by breast cancer survivors and donations in the context of PT Pertamina EP Cepu sharing love.

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