Expertise: Oil & Gas

Gross Split Production Sharing Contracts: Commercial Insights from Indonesia’s MEMR Regulation No. 13 of 2024

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In a decisive move to streamline Indonesia’s upstream oil and gas sector, the Minister of Energy and Mineral Resources (“MEMR”) issued Regulation No. 13 of 2024 (“MEMR Reg 13/2024”), introducing a revised framework for Gross Split Production Sharing Contracts (“Gross Split PSC”). MEMR Reg 13/2024 alters the commercial landscape for oil and gas upstream companies operating in … Gross Split Production Sharing Contracts: Commercial Insights from Indonesia’s MEMR Regulation No. 13 of 2024

Private Investment in Indonesia’s Midstream/Downstream Oil & Gas Industry

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Indonesia’s Oil and Gas Law (Law No. 22 of 2021 regarding Oil and Gas, as last amended by Law No. 6 of 2023 regarding the Stipulation of Government Regulation in lieu of Law No. 2 of 2022 regarding Job Creation) liberalized the downstream market and effectively ended Pertamina’s monopoly on the sector. Private entities can … Private Investment in Indonesia’s Midstream/Downstream Oil & Gas Industry

Energy Transition in Indonesia

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The Indonesian government expects geothermal, hydropower and bioenergy to be among the primary energy sources in Indonesia from 2015 until 2050, as outlined in Presidential Regulation No. 22 of 2017 regarding the National Energy General Plan (PR 22/2017). PR 22/2017 also aims to increase the share of renewable energy in the energy supply mix from … Energy Transition in Indonesia

Oil, Gas and the Transition to Renewables – Indonesia

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SSEK Law Firm partner Fitriana Mahiddin and associates Fadhira Mediana and Laila Maghfira Andaretna have contributed the Indonesia chapter to the Oil, Gas and the Transition to Renewables 2024 global guide published by Chambers and Partners. SSEK provides the latest legal information for Indonesia on petroleum ownership; national oil or gas companies; private investment in … Oil, Gas and the Transition to Renewables – Indonesia

Indonesia Legal Update: Income Tax Relief for Foreign Export Proceeds Deriving from Natural Resources

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The Indonesian government has issued a new regulation that will, among other things, provide some tax relief for income from the placement of foreign export proceeds deriving from natural resources into the Indonesian financial system. Government Regulation No. 22 of 2024 (“GR 22/2024”) came into force on May 20, 2024. It amends Government Regulation No. … Indonesia Legal Update: Income Tax Relief for Foreign Export Proceeds Deriving from Natural Resources

Indonesia Natural Resources Sector – New Requirements for Depositing Foreign Exchange Export Proceeds into Indonesian Financial System

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The President of Indonesia, Joko Widodo, recently enacted Government Regulation No. 36 of 2023 regarding Foreign Exchange Export Proceeds from the Business, Management, and/or Processing of Natural Resources (“GR 36”). GR 36 stipulates new requirements for exporters of natural resources to deposit their foreign exchange export proceeds (Devisa Hasil Ekspor dari Barang Ekspor Sumber Daya … Indonesia Natural Resources Sector – New Requirements for Depositing Foreign Exchange Export Proceeds into Indonesian Financial System

Oil and Gas Regulation – Indonesia

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International Comparative Legal Guide – Oil & Gas Regulation 2023, published by Global Legal Group. ICLG – Oil & Gas covers common issues in oil and gas laws and regulations, including development of oil and natural gas, import/export of natural gas, LNG, import/export of oil, transportation, transmission and distribution and foreign investment. Download the Indonesia … Oil and Gas Regulation – Indonesia