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ARTICLE · 26 NOVEMBER 2012

BPMIGAS Fixed? - reconstitution in near-identical form

Norton Rose Fulbright Australia
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The only apparent changes are its name - SKSPMIGAS, and its authority - the Ministry of Energy and Mineral Resources.

IndonesiaEnergy and Natural Resources
Shamim Razavi
Shamim Razavi
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Introduction

Last week's dissolution of Indonesia's upstream oil and gas agency, BPMIGAS, by the Constitutional Court has been followed by its reconstitution in near-identical form. The only apparent changes are that it has a new name (SKSPMIGAS), and is now under the authority of the Ministry of Energy and Mineral Resources (MEMR). This display of continuity is both marked and deliberate, but what does it mean for the upstream oil and gas business in Indonesia going forward?

SKSPMIGAS

With surprising swiftness, the Government of Indonesia responded to the Constitutional Court ruling by issuing a Presidential Directive and Ministerial Regulations establishing SKSPMIGAS as the successor upstream oil and gas regulator.

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