Expertise: Energi, Pertambangan & Panas Bumi

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

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 on February 23, MEMR Imposes New Abandonment and Site Restoration Obligations for Indonesian Upstream Oil and Gas Activities

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

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 2017 regarding the Amendment of MEMR Regulation Tax Treatment for Gross Split Production Sharing Contracts in Indonesian Oil and Gas Sector