Policy & Regulation

Indonesia hopes to attract investors with regulation cull

Indonesia has scrapped 186 regulations and permit requirements in an attempt to make its energy sector more attractive to foreign investors.
By Staff reporter 8 March 2018 0 29915

Indonesia has scrapped 186 regulations and permit requirements in an attempt to make its energy sector more attractive to foreign investors, according to Oilprice.com.

The government hopes to attract $50 billion in investment to offset the decline in its mature oil and gas fields.

Indonesia revised the terms of its production-sharing contracts last year in a similar attempt to boost their attractiveness.

Last month, the country said it was seeking bids for 24 conventional oil and gas blocks and that it hopes to lure supermajors such...