Pelaksanaan Pengawasan Survey Dan Sertifikasi, Kemenhub Lakukan Oversight ke BKI

Kementerian Perhubungan cq. Direktorat Jenderal Perhubungan Laut melalui Direktorat Perkapalan dan Kepelautan telah melaksanakan pengawasan melalui Oversight Program, “Pelaksanaan Pengawasan Survey Dan Sertifikasi, Kemenhub Lakukan Oversight ke BKI” … selengkapnya

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Oil & Gas Industry: Understanding Indonesia’s Cost Recovery Scheme

| LAUTINDO | Oil & Gas | Jakarta | Oil and gas exploration is a risky affair (and long-term in nature). It is estimated that between 2002 and 2016 nearly USD $4 billion was spent – in vain – by oil and gas companies in the exploration stage in Indonesia without finding reserves suitable for commercial exploitation. It is important to note that the government will only reimburse exploration costs under the oil recovery scheme in case the contractor indeed finds enough reserves that can be exploited. Without economically viable reserves the government will not reimburse anything (as such, all the risks are borne by the contractors). “Oil & Gas Industry: Understanding Indonesia’s Cost Recovery Scheme”.

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