Debate over the future of Cepu, the largest oil producing block, has once again exposed a familiar tension in Indonesia’s energy policy: the delicate balance between attracting investment and defending national resource interests. The latest controversy centers on reports that ExxonMobil sought a 50:50 production split with the government in negotiations over the extension of the Cepu Block contract. While some officials acknowledged the figure appeared in early discussions, Energy and Mineral Resources Minister Bahlil Lahadalia has firmly rejected the suggestion that such a proposal is on the table. To subscribe please click here
