[Legal Alert] The new Amendment to the Gross Split Sharing Contract Regulation / Perubahan Terhadap Peraturan Kontrak Bagi Hasil Gross Split

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The new Amendment to the Gross Split Sharing Contract Regulation 

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Perubahan Terhadap Peraturan Kontrak Bagi Hasil Gross Split 

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On 10 October 2019 (promulgated on 18 October 2019), the Ministry of Energy and Mineral Resources (“MEMR“) have issued MEMR Reg No. 20 of 2019  (“MEMR 20/19“) on the Second Amendment to the MEMR Regulation No. 08 of 2017 on Gross Split Production Sharing Contract  (“MEMR 08/17“) in which have once amended with MEMR Regulation no. 52 of 2017 .

Background

As have been noted that at the previous amendment of the MEMR 08/17 it contains provisions of additional split in which being beneficial for the investor as the original MEMR Reg No. 8 of 2017 have capped the additional split of maximum 5% to the Contractor.

Overview

Statutory Provisions for GS PSC 

The MEMR 20/19 inserting new article in which in principle stipulates that to the Gross Split PSC which signed before the MEMR 08/2017 shall comply to the said regulation, it means that this MEMR 08/2017 including its amendment is retroactively in effect for the Gross Split PSC which signed prior the enactment of the MEMR 08/2017.

Local Content Split Calculation

The previous attachment to the GS Reg which governed the additional split specific for the local content requirement only specified goods local content.

under this new amendment, it adds service and combination of goods and service as a basis of local content requirement.

Note that the basis variable for the additional split is not changed.

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Pada tanggal 10 Oktober 2019 , Kementerian Energi dan Sumber Daya Mineral (“ESDM“) telah mengeluarkan Peraturan Menteri ESDM No. 20 tahun 2019 (diundangkan pada tanggal 18 Oktober 2019) (“ESDM 20/19“) tentang Perubahan Kedua atas Peraturan Menteri ESDM No. 08 tahun 2017 tentang Kontrak Bagi Hasil Gross Split (“ESDM 08/17“) yang telah diubah dengan Peraturan Menteri ESDM no. 52 tahun 2017 .

Latar Belakang

Seperti yang telah diketahui bahwa pada perubahan sebelumnya dari ESDM 08/2017  yang memuat ketentuan tentang ketentuan tambahan split yang menguntungkan bagi investor sebagaimana sebelumnya diatur mengenai maksimum split tambahan yang hanya 5% kepada Kontraktor di Peraturan Menteri ESDM No. 8 Tahun 2017.

Gambaran

Ketentuan Hukum untuk GS PSC

ESDM 20/19 memasukkan pasal baru di mana pada prinsipnya menetapkan bahwa untuk PSC Gross Split yang ditandatangani sebelum ESDM 08/2017 harus mematuhi peraturan tersebut, hal ini berarti ESDM 08/2017 termasuk amandemennya berlaku surut untuk PSC Gross Split yang ditandatangani sebelum berlakunya ESDM 08/2017.

Perhitungan Split Tingkat Komponen Dalam Negeri

Lampiran sebelumnya dari GS Reg mengatur split tambahan untuk tingkat komponen dalam negeri yang didasarkan hanya dari perhitungan TKDN barang.

berdasarkan amandemen baru ini, pemerintah menambahkan jasa dan kombinasi barang dan jasa sebagai dasar dari perhitungan Tingkat Kompinen Dalam Negeri .

Perlu dicatat bahwa variabel dasar untuk penambahan split tidak berubah.

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