The Indonesian Ministry of Energy and Mineral Resources (ESDM) has issued the latest regulation regarding oil and gas (Migas) profit sharing contracts. The policy was issued to increase the attractiveness of oil and gas investment in Indonesia. The regulation is stated in the Regulation of the Minister of ESDM Number 13 of 2024 concerning Gross Split Profit Sharing Contracts. This regulation replaces the Regulation of the Minister of ESDM Number 8 of 2017. In addition, to regulate the Implementation Guidelines and Components of Gross Split Profit Sharing Contracts, the Decree of the Minister of ESDM Number 230.K/MG.01.MEM.M/2024 has also been stipulated. One of the points considered important by ESDM in this regulation is the certainty of profit sharing between the government and contractors. In fact, the profit sharing for contractors can reach 75-95 percent. While in the old regulation, the contractor's profit sharing was very varied, it could be very low, up to zero percent in certain conditions. In addition, according to the Director of Upstream Oil and Gas Development, Ariana Soemanto, the new gross split rule also makes the Non-Conventional Oil and Gas Working Area more attractive. The reason is, the profit sharing system reaches 93-95 percent for contractors at the beginning. Arina also said that the parameters that determine the amount of profit sharing for contractors have been simplified from 13 parameters to only 5 parameters: the amount of reserves, field location, infrastructure availability, oil prices, and natural gas prices. Source: https://bisnis.tempo.co/read/1923375/esdm-terbitkan-aturan-terbaru-untuk-tarik-investasi-hulu-migas-ada-soal-bagi-hasil (ICE GIACARTA)

Fonte notizia: Tempo Bisnis, 2 October 2024