Overview

With the end of 2017 just around the corner, a number of regulations issued by the government this year are causing a buzz among the country’s various business players. Entering 2017, the dispute between the government and PT Freeport took center stage in terms of the media spotlight, where it remained for quite some time. Ultimately, both parties managed to achieve what appears to be a merely temporary consensus. On a more positive note however, within the energy sector, the government finally introduced a new cooperation scheme between the government and oil-and-gas contractors: the so-called Gross-Split Production Sharing Contract.