Legislative changeup in Indonesia to benefit Aussie oil explorers

INDONESIA’s Energy Ministry said in a statement over the weekend it had reviewed and changed legislation to allow for “flexibility” which will allow oil and gas explorers to choose between Production Sharing Agreements.

Legislative changeup in Indonesia to benefit Aussie oil explorers Legislative changeup in Indonesia to benefit Aussie oil explorers Legislative changeup in Indonesia to benefit Aussie oil explorers Legislative changeup in Indonesia to benefit Aussie oil explorers Legislative changeup in Indonesia to benefit Aussie oil explorers

Oil and gas explorers will be allowed to choose between two different PSC contracts, including a ‘cost recovery' system and a ‘gross split' system.

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