Regulation of the Ministry
of Energy and Mineral Resources on extention of contract in oil gas business
was at the stage of finalization and was expected to be released in not too
distant future. This was set forth by the Director of Oil Gas Industry
Development of the Directorate General of Oil Gas, Ministry of Energy and
Mineral Resources Hendra Fadly on Tuesday [10/12].
According to Hendra the Regulation was not only discussed
at the Ministry but also at other institutions. “The point are being discussed.
We hope that the Regulation would serve as directives for future contracts,”
Hendra said.
The Permen Regulation would serve as some sort of
Standard Operating Procedure [SOP] for oil gas contracts. For example, how many
years form the previous contracts. “So there would be definite stages in
extending the contract. The criteria is there,” Hendra stated while saying that
all were being summarized today. “Therefore our attention today is on the
extention of contract, so let’s include it in the regulation. Hopefully it
would be implemented soonest.”
Furthermore Hendra said there was no particular rules on
oil gas contract extention. The applicable regulation on oil gas today was the
Government Regulation no. 35 year 2004.
In
the same opportunity the Board of Indonesian Petroleum Association [IPA]
Chairman Sammy Hamzah stated that what was transparence. “We expect there would
be transparent process so it would not be treated as plaything and not be
abused by certain people” Sammy said. Meaning, this contract extention should
not be taken advantage of by them.
Business News - December 13, 2013
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