Thursday, September 07, 2017

Issue Number: 3197

Govt. Introduces Greater Flexibility for Oil-and-Gas Contractors Operating under Gross-Split Production Sharing Contracts

In response to the reluctance of oil-and-gas contractors (“Contractors”) to engage in upstream oil-and-gas business activities under the newly introduced Gross-Split Production Sharing Contract, the Ministry of Energy and Mineral Resources (“Ministry”) has finally issued Regulation No. 52 of 2017 (“Amendment”), which amends Ministry Regulation No. 8 of 2017 on Gross-Split Production Sharing Contracts (“Regulation 8/2017”)....
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