Regulations in the oil and gas supporting business are no longer relevant to the current conditions. The Government of the Republic of Indonesia (“GOI”) through the Minister of Energy and Mineral Resources (“MEMR”) has been urged to cut back on bureaucracy for the sake of efficiency and to stimulate the investment climate in this sector.
After 10 years of MEMR Regulation No. 27 of 2008 concerning Oil and Gas Supporting Business (“MEMR Regulation 27/2008”), the GOI has finally revoked this regulation by the issuance of MEMR Regulation No. 14 of 2018, which came into effect on 21 February 2018 (“MEMR Regulation 14/2018”).
What’s in the new regulation? HPRP’s lawyers, Andre Rahadian (Partner), Winda Tania (Senior Associate), and Monica Elizabeth Dina (Associate) have prepared a comprehensive article regarding the new regulation and its impact on the industry. Please download the article here.
With its extensive expertise in oil and gas, HPRP has been successfully assisting corporations in the industry. Please contact the Partner-in-charge on +6221-5701837 or email firstname.lastname@example.org for further details.