Under Indonesian law, cross-border sales of natural gas can only be conducted if (i) the domestic need for natural gas has been fulfilled, (ii) there is insufficient domestic infrastructure, or (iii) domestic purchasing power is insufficient to satisfy the relevant gas field’s economics. Pursuant to Ministry of Energy and Mineral Resources (MEMR) Regulation No. 6 … Indonesia Oil & Gas Regulation – Import/Export of Natural Gas
SSEK Legal Consultants has cooperated with PT Pertamina, an Indonesian state-owned oil and natural gas corporation, and the Indonesian Ministry of State-Owned Enterprises to offer a virtual seminar on risk-based licensing in the downstream oil and gas sector. The event was titled \"The Implementation of the Job Creation Law on Oil and Gas Activities and … SSEK Partners Lead Seminar on Risk-Based Licensing in Downstream Oil and Gas Sector
The Indonesian Currency Law and Bank Indonesia (“BI”) Regulation No. 17/3/PBI/2015 regarding the Mandatory Use of Rupiah restrict most transactions within Indonesian territory from being carried out using foreign currency. Core upstream activities in Indonesia are exempted from this requirement for a certain period of time, such as expenditures in relation to the first three … Indonesia Oil & Gas Regulation – Currency Exchange Restrictions
The Indonesian Government has enacted implementing regulations to Law No. 11 of 2020 on Jobs Creation (the “Omnibus Law“). The implementing regulation particularly relevant to the oil and gas sector is Government Regulation No. 5 of 2021 on the Implementation of Risk-Based Business Licensing (“GR 5/2021“), which was enacted on February 2, 2021. The regulation … Update on Indonesia’s Omnibus Law and Implementing Regulations – Oil and Gas Sector
Indonesia’s oil and gas sector is governed by Law No. 22 of 2001 regarding Oil and Natural Gas (November 22, 2001), as amended by Law No. 11 of 2020 regarding Job Creation (November 2, 2020) (“Job Creation Law”) (collectively, the “Oil and Gas Law”). The State retains mineral rights throughout Indonesian territory and the Government … Indonesian Oil & Gas Regulation – Development of Oil and Natural Gas
SSEK partners Fitriana Mahiddin, Syahdan Z. Aziz and Fransiscus Rodyanto were featured speakers at a recent webinar organized by the Indonesia Canada Chamber of Commerce. The webinar discussed changes in the Indonesian oil and gas, mining and power sectors under the new Omnibus Law and how those changes might affect companies in the country.
Indonesia’s closely watched omnibus jobs creation bill recently became law. The stated aim of Law No. 11 Year 2020 on Jobs Creation (the “Omnibus Law“) is to boost investment and create jobs by streamlining regulations and simplifying the licensing process to improve the ease of doing business in Indonesia. The Omnibus Law amends various provisions … Indonesia Omnibus Law – Changes to the Oil and Gas Law
SSEK Legal Consultants and ET-Asia, a leading provider in Indonesia of professional training programs, are teaming up to provide an Upstream Oil and Gas Short Course. Date: 16 – 17 November 2020 Presenting Speakers: Fransiscus Rodyanto, Partner, SSEK Legal Consultants Arief Budiman, Senior Counsel, SKK Migas This training course is designed to help participants understand … Upstream Oil and Gas Short Course with SSEK and ET-Asia
The Indonesian House of Representatives (DPR) recently passed the Omnibus Bill on Job Creation (the “Omnibus Bill“). The stated aim of the Omnibus Bill is to bolster investment and create jobs by streamlining regulations and simplifying the licensing process to improve the ease of doing business in Indonesia. The Omnibus Bill amends various provisions in … Indonesia Omnibus Bill – Potential Changes to the Oil and Gas Law
SSEK partners Fitriana Mahiddin and Syahdan Z. Aziz have contributed the Indonesia chapter to the International Comparative Legal Guide to: Oil and Gas Regulation 2020. The guide covers common issues in oil and gas laws and regulations, including the development of oil and natural gas, import/export of natural gas, LNG, import/export of oil, transportation, transmission and distribution … SSEK Contributes Chapter on Oil and Gas Regulation in Indonesia
