New SMKM Assessment Framework Introduced: Oil-and-Gas Companies Now Rated Across Six Tiers and Required to Submit Action Plans

In 2024, the Minister of Energy and Mineral Resources issued Decree No. 176.K/MG.01/MEM.M/2024 (“Decree 176/2024”) on Guidelines for Assessments of the Implementation of Oil-and-Gas Safety Management Systems (Sistem Manajemen Keselamatan Minyak dan Gas Bumi – “SMKM”). As this title suggests, Decree 176/2024 is currently serving as a reference for SMKM application compliance assessment (“SMKM Assessment”) procedures, including the various implementation phases and aspects that are required to be assessed.[1]