Inform
| |
3 Pages

Indonesia revises upstream regulation to revive E&P investment


Indonesia revises upstream regulation to revive E&P investment

Report summary

On 23 Sept, the government of Indonesia finalized a revision of Government Regulation No.79/2010 (GR79), to remove indirect and regional taxes on exploration investment. GR79 is a key element of upstream legislation that provides rules on production sharing contract terms, including project ring-fencing, cost recovery and indirect taxes.

The revision of key parts of GR79 is an attempt to reinvigorate an industry that has suffered from lower oil prices and their impact on capital budgets. By 2020, total production from Indonesia is set to fall by 25% and new development projects are scarce.

Despite the positive step on this revision, Indonesia will need more dramatic reforms to compete for new investment in the current oil price environment, especially on tackling burdensome regulation, ineffective bureaucracies and irregularly enforced legislation. 

What's included?

This report includes 1 file(s)

  • Indonesia revises upstream regulation to revive E&P investment PDF - 989.51 KB 3 Pages, 0 Tables, 1 Figures

Description

This Upstream Oil and Gas Inform report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research.

Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in upstream commercial data and analysis.

Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

Questions about this report?

Frequently Asked Questions

Mailenquiries@woodmac.com
  • Europe: +44 131 243 4699
  • Americas: +1 713 470 1900
  • Asia Pacific: +61 2 8224 8898
contact us

Why Wood Mackenzie?

As the trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, we empower clients to make better strategic decisions with objective analysis and advice. Find out more...