In January 2017, the Minister of Energy and Mineral Resources issued Regulation No.08 of 2017 concerning Gross Split Production Sharing Contracts (PSC). Earlier, the government introduced a gross split sliding scale PSC as an option for production sharing contracts for non-conventional oil and gas under MEMR Regulation No. 38 of 2015 regarding Expediting Non-Conventional Oil and Gas Operations. However, this regulation did not provide any mechanism for the implementation of the gross split sliding scale PSC.
What are the features of gross split under the new regulation and what are the differences compared to the earlier scheme? HPRP Associate Lawyer, Winda Tania, has prepared a comprehensive article regarding the new regulation and its impact for the contractors.
Please download the article here: Indonesia’s Transformation to Gross Split Production Sharing Contract
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