Expertise: Oil & Gas

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