The government has issued Regulation No. 55 of 2009 as the second amendment of Government Regulation No. 35 of 2004. The regulation has been issued as a means of ensuring that the regulatory framework is in compliance with the decision issued by the Constitutional Court in Case No. 002/PUU-I/2003. This decision addressed matters relating to Article 12(3) and Article 22(1) of Law No. 22 of 2001 on Oil and Gas.
The amendments are to Articles 1, 6, 46, and 48.
Article 1(6) is amended to define what a contractor is. A contractor is essentially any company or permanent business entity that has been confirmed to undertake exploration and exploitation in a specified work area under a Joint Work Contract. Article 6(1) has been amended to reflect the definition noted in Article 1(6).
Articles 46(1) and (3) have been amended and (2) and (4) have been repealed. Articles 46(1) and (3) set out that a contractor has an obligation to fulfill domestic oil and gas needs. This obligation is set at 25% of production.
Articles 48(2) and (3) have been amended and Articles 48(4) and (5) have been added. These paragraphs describe how new reserves and domestic needs are to be determined and how the government is to inform the contractor of domestic needs for gas. The additional paragraphs set out how the contractor is to negotiate with consumers and when the contractor can sell gas on the international market.
The regulation has been in force since 1 September 2009.
The government has issued Regulation No. 55 of 2009 as the second amendment of Government Regulation No. 35 of 2004. The regulation has been issued as a means of ensuring that the regulatory framework is in compliance with the decision issued by the Constitutional Court in Case No. 002/PUU-I/2003. This decision addressed matters relating to Article 12(3) and Article 22(1) of Law No. 22 of 2001 on Oil and Gas.
The amendments are to Articles 1, 6, 46, and 48.
Article 1(6) is amended to define what a contractor is. A contractor is essentially any company or permanent business entity that has been confirmed to undertake exploration and exploitation in a specified work area under a Joint Work Contract. Article 6(1) has been amended to reflect the definition noted in Article 1(6).
Articles 46(1) and (3) have been amended and (2) and (4) have been repealed. Articles 46(1) and (3) set out that a contractor has an obligation to fulfill domestic oil and gas needs. This obligation is set at 25% of production.
Articles 48(2) and (3) have been amended and Articles 48(4) and (5) have been added. These paragraphs describe how new reserves and domestic needs are to be determined and how the government is to inform the contractor of domestic needs for gas. The additional paragraphs set out how the contractor is to negotiate with consumers and when the contractor can sell gas on the international market.
The regulation has been in force since 1 September 2009.
Ada Pertanyaan? Hubungi Kami 
Professional Solutions
University Solutions
Pro
My Workspace
Pro AI
Terfavorit
Allex QnA
Pro Compliance
