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Trailer: Energy Nusantara Dinner Talk Series on Power Generation & Electricity
New Regulation (Permen ESDM No. 10, 11 & 12/2017)
Draft RUPTL 2017 - 2026, Tendering Process
Government of Indonesia recently issued new regulation on electricity, namely Ministerial Decree (Permen ESDM No 10, 11 and 12/ 2017), covering updates on gas, LNG, renewable energy and key points in power purchase agreement (PPA).
To help stakeholders understanding these 3 new regulations as well as insight on draft of Electricity Supply Business Plant (RUPTL 2017-2026) and projects tender, Energy Nusantara is conducting the upcoming 28th Dinner Talk series.
Mr. Jarman, Director General Electricity Ministry of Energy & Mineral Resources (ESDM)
Mr. Supangkat Iwan Santoso, Director of Procurement PT. PLN (Persero)
Trailer : 29th Dinner Talk Series on Gross Split with SKK Migas and PT Pertamina Hulu Energi (PHE).
Minister of Energy and Mineral Resources, Ignasius Jonan has issued new Ministerial Regulation No 8/ 2017 on oil and gas production sharing contract (PSC) based on gross split scheme to replace the previous cost recovery scheme. By applying the gross split scheme, the government will no longer cover the operating expenses of oil and gas contractors, thus releasing financial pressure on the state budget. Last year, for instance, the cost recovery limit was initially set at USD 8.4 Billion, but then it ended up to USD 11.4 Billion.
Minister Ignasius Jonan said that by applying the gross split scheme, upstream oil and gas projects are expected to be more efficient as contractors will be free to determine the technology and the most efficient operation. Bureaucratic procedure will also be much more simplified. All of these are expected to attract more investment into the upstream sector. According to the new regulation, the base split from oil for the government is set at 57 %, and 43 % for the contractor, while government’s base split from gas is 52 % and 48 % for the contractor.
The 1st PSC block being applied of the Gross Split scheme is the Offshore North West Java (ONWJ) with the signing by the government on 18 January 2017, assigning the entire contract to the block’s previous operator PT Pertamina Hulu Energi ONWJ (PHE ONWJ), subsidiary of state-owned oil and gas firm PT Pertamina (Persero).
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