Minister of Energy and Mineral Resources Ignatius Jonan: The Industry Must be Competitive and Efficient

Amid a sluggish upstream oil and gas investment climate, the gross split regulation is among the energy and mineral resources ministry's regulations that have reaped criticism. The regulation on production sharing contracts for upstream oil and gas investments under the gross production sharing scheme no longer applies the operating cost recovery mechanism. Unlike the cost recovery regime, Minister of Energy and Mineral Resources' Regulation No. 08

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