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ENR Alert July 2017: Finally Issued The Amendment to Government Regulation No. 79

ENR Alert July 2017

This publication sets out to provide an overview of new matters introduced by Government Regulation No. 27 Year 2017 (“ PP 27”) and its significant changes to Government Regulation No. 79 Year 2010 (“PP 79”).


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The President signed Government Regulation No. 27 Year 2017 (“PP 27”), an Amendment to Government Regulation No. 79 Year 2010 (“PP 79”) regarding Cost Recovery and Provision on Income Tax in Upstream Oil and Gas Activities, on 15 June 2017; it became effective on 19 June 2017, the date it was published.

PP 27 was issued to respond to concerns raised by various stakeholders regarding PP 79. Its aim is basically to improve the investment climate within the industry and increase discovery of oil and gas reserves. It is also expected to improve legal certainty in upstream oil and gas investment activities.

An overview of new matters introduced by PP 27 and  its significant changes to PP 79 is included in this ENR Alert.

For your reference see also our earlier publication on PP 79 (ENR Alert February 2011), and its implementing regulations (ENR Alert February 2012). 


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