Posts Tagged ‘Oil & Gas’

IEA DSR

SSEK Indonesian Legal Consultants Assists Pertamina on Major Transaction

SSEK has assisted the Indonesian state-owned oil and natural gas corporation, Pertamina, in the transfer of 51% of Pertamina’s shares in its direct subsidiary Pertagas to another Pertamina subsidiary, PT Perusahaan Gas Negara (PGN), in a transaction valued at US$1.2 billion, as has been reported. With the transfer, PGN will become a subholding company under [...]

Solar Panels

Indonesia Introduces New Tariff Regime for Renewable Energies

By Michael S. Carl, Fransiscus Rodyanto and Fadhillah Rizqy The Indonesian government has introduced a new tariff regime for renewable energies. The new regime gives the Indonesian state power company, PT Perusahaan Listrik Negara (“PLN“), greater control over tariffs in the sector through business-to-business negotiations and benchmarking against the applicable Electricity Generation Basic Cost (Biaya [...]

FRD ASV

New Regulation in Indonesia on the Management of Oil and Gas Working Areas with Expiring PSCs

By Fransiscus Rodyanto and Aninda Nurul Savitri The Minister of Energy and Mineral Resources (“MEMR“) has issued MEMR Regulation No. 23 of 2018 regarding the Management of Oil and Gas Working Areas which Production Sharing Contract Will Expire dated April 24, 2018 (“MEMR Reg 23/2018“). MEMR Reg 23/2018 revokes MEMR Regulation No. 15 of 2015 [...]

KONICA MINOLTA DIGITAL CAMERA

MEMR Imposes New Abandonment and Site Restoration Obligations for Indonesian Upstream Oil and Gas Activities

By Wynne Prasetyo Indonesia’s Minister of Energy and Mineral Resources (“MEMR“), after a long wait, has regulated abandonment and site restoration (“ASR“) activities, or post-operation activities, for the upstream oil and gas sector. MEMR Regulation No. 15 of 2018 regarding Post-Operation Activities in Upstream Oil and Gas Business Activities (“MEMR Reg. 15/2018“) came into effect [...]

Oil & Gas Regulation 2018

SSEK Contributes Indonesia Chapter to Oil & Gas Regulation Guide

SSEK partners Fitriana Mahiddin and Syahdan Z. Aziz have contributed the Indonesia chapter to the International Comparative Legal Guide to: Oil & Gas Regulation 2018. Fitriana and Syahdan provide a comprehensive overview of the oil and gas sector in Indonesia. They examine issues related to exploration and production, licenses, royalties, taxation, contracts, local content rules, [...]

KONICA MINOLTA DIGITAL CAMERA

Tax Treatment for Gross Split Production Sharing Contracts in Indonesian Oil and Gas Sector

By Ira A. Eddymurthy and Fransiscus Rodyanto The Government of Indonesia (“GOI“) first regulated Gross Split Production Sharing Contracts (“Gross Split PSC“) in early 2017, with the enactment of Minister of Energy and Mineral Resources (“MEMR“) Regulation Number 8 of 2017 regarding Gross Split Production Sharing Contracts, as amended by MEMR Regulation Number 52 of [...]

Oil & Gas Regulation 2017

Foreign Investment and Dispute Resolution in the Indonesian Oil and Gas Sector

By Fitriana Mahiddin and Syahdan Z. Aziz Indonesia’s new Negative Investment List, as recently issued in Presidential Regulation No. 44 of 2016 regarding List of Business Fields that Are Closed and Business Fields that Are Open with Requirements in the Field of Capital Investment, stipulates the foreign shareholding limitations for various business fields. Among others, [...]

Oil & Gas Regulation 2017

Oil and Gas Transportation and Infrastructure in Indonesia

By Fitriana Mahiddin and Syahdan Z. Aziz Gas transportation by pipeline in Indonesia is regulated under Government Regulation No. 36 of 2004 regarding Upstream Oil and Natural Gas Business Activities as has been amended by Government Regulation No. 30 of 2009 (“GR 36″) and Ministry of Energy and Mineral Resources (“MEMR”) Regulation No. 19 of [...]

Oil & Gas Regulation 2017

Restrictions on Contractors in the Indonesian Oil and Gas Sector

By Fitriana Mahiddin and Syahdan Z. Aziz There are a number of rules for Production Sharing Contract (“PSC”) Contractors in Indonesia’s oil and gas sector, including those on the export of production, currency exchange and the transfer or disposal of development rights. Subject to obtaining requisite export approvals, a Contractor is entitled to export its [...]

Oil & Gas Regulation 2017

Indonesian Oil and Gas Sector: Role of the State

By Fitriana Mahiddin and Syahdan Z. Aziz Extracted oil and gas in Indonesia remains owned by the State until it passes the point of export or other delivery point. Thereafter, the Government is entitled to a certain percentage of the production output as apportioned under the Production Sharing Contract (“PSC”), as is the Contractor. Under [...]