The signing of the Cepu Block Production Sharing Contract (PSC)
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
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).
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.
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.
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).
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.
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.
2022
The gas flow or Gas-In from the well to the Gas Processing Facility (GPF) was successfully carried out on August 14, 2022.
The Jambaran-Tiung Biru (JTB) Gas Project successfully conducted the initial gas flow or Gas On Stream on September 20, 2022.
2023
The inauguration of the Jambaran-Tiung Biru (JTB) Gas Field National Strategic Project by the Vice President of Indonesia took place on February 8, 2023.
The Placed Into Service (PIS) submission for the JTB Gas Field was accepted by SKK Migas on December 14, 2023.
2024
The Jambaran-Tiung Biru (JTB) Gas Field reached full production capacity of 192 million standard cubic feet per day (MMSCFD) in May 2024.
