Java Runtime Environment 7u10 (a.k.a. JRE 1.7.0_10 build 18) and later updates on the JRE 7 codeline are now certified with Oracle E-Business Suite Release 11i and 12 Windows-based desktop clients.

What do you need to do and where are the official patch requirements?

EBS customers should ensure that they are running JRE 7u10, at minimum, on Windows desktop clients.  There are also official patch requirements to avoid compatibility issues of E-Business Suite with JRE 7.  Please refer to Steven Chan's Oracle E-Business Suite Technology blog for all the detailed information regarding this certification.