April 13, 2018
In early 2017, Indonesia established a new form of production sharing contract (‘PSC’), the Gross-Split PSC, which abolished the cost recovery system first pioneered by Indonesia in 1966. Our article explores the history of the production sharing contract and some of the tensions associated with the traditional cost recovery system which contributed to the development of the Gross-Split PSC. We analyse the provisions of the new Gross-Split PSC and the issues that need to be considered by investors as a result of its introduction.
To access a copy of our article, please click here:
Our article was published in the Journal of World Energy Law and Business (JWELB) by Oxford University Press on behalf of the Association of International Petroleum Negotiators (AIPN) (Journal of World Energy Law and Business, 2018, 11, 116-135), which can be accessed at the following link: https://academic.oup.com/jwelb/article/11/2/116/4958804?guestAccessKey=a1fc1de5-422e-4abc-98bc-9e2f22303c2a
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