Support timelines for Oracle products can be tricky to understand. The time that an overall product release gets updates is governed by the dates in the Oracle Lifetime Support Policies.
EBS users have 12 months to upgrade to the latest Fusion Middleware component patchsets, and 24 months to upgrade to the latest database components. These are called grace periods.
For dates of grace periods for specific Database or Fusion Middleware patchsets, see:
What are the support dates for different Java releases?
Extended Support for Java SE 6 ends on December 31, 2018. E-Business Suite customers must upgrade their servers to Java SE 7 before that date.
Premier Support for Java SE 7 runs to July 31, 2019. Extended Support for Java SE 7 runs to July 31, 2022.
Do Java updates have grace periods?
No. Support for Java updates works differently than other Oracle products. New bug fixes and security updates are always delivered on top of the latest Java update available at the time.
This policy applies to Java running on EBS servers, as well as JRE and Java Web Start running on end-user client desktops.
As of the date that this article was published, the latest Java SE 7 available is Update 1.7.0_161.
If you report an issue today with an earlier Java SE 7 update such as Java 7 Update 1.7.0_10, you will be asked to apply 1.7.0_161 and attempt to reproduce the issue.
If the issue does not reproduce, then the solution will be to apply 1.7.0_161 to all of your end-user desktops.
If the issue does reproduce, then Oracle Java Support will log a bug and fix the issue on a Java release later than 1.7.0_161.