The government is currently discussing a proposal to create a new production sharing contract (PSC) scheme. Currently, the government is comparing PSCs from other countries, such as Malaysia, Algeria, South America, and Peru, to get the best production sharing contracts.
"The idea of PSC from us is that they only take, using, and modify them. We also want to see what their modifications are like, what positive effects," said Director General of Oil and Gas of the Ministry of Energy and Mineral Resources (EMR/ESDM), IGN Wiratmaja Puja.
Currently, the discussion regarding the PSC has not been completed. The government has a strategy to include a new PSC scheme in the implementation of Government Regulation (PP) Number 79 of 2001 concerning Refundable Operating Costs and Tax Treatment for the Upstream Oil and Gas Industry.
"We are discussing it and later in the implementation of Government Regulation number 79 it has been made flexible there,".
Later, the PSC proposal will also be included in the revision of the Oil and Gas Law. One of the new PSC proposals is a production sharing contract without any cost recovery. The scheme is still being considered by the government.
"Some use it too, KKKS use a gross split, (cost recovery) is paid in advance, it's just that we are discussing all the positive and negative benefits. All aspects are discussed.
Kontan, Page-14, Friday, Oct 21, 2016
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