MEMR Regulation Amendment on 10% Participating Interest offer
Perubahan Permen ESDM tentang Penawaran Participating Interest 10%
Background
The Indonesian Ministry of Energy and Mineral Resources introduced Regulation No. 37 of 2016 to facilitate the offering of a 10% Participating Interest (PI) in upstream oil-and-gas projects. This regulation was designed to empower regionally owned enterprises (BUMD) by giving them an opportunity to manage PI, thereby fostering regional economic development and local participation in the energy sector.
The Ministry issued Regulation No. 1 of 2025 as an amendment, which became effective on January 6, 2025. This amendment retains the core principles of Regulation 37/2016 but introduces critical
adjustments.
Key Changes in the Regulations
Revised Eligibility Criteria for BUMD
| Criteria | Regulation 37/2016 | Amendment 1/2025 |
|---|---|---|
| Fully owned by the regional government | Required | Required |
| Limited liability companies (99% government-owned) | Required | Required |
| Private sector ownership | Prohibited | Prohibited |
| Exclusive PI management activities only | Required | Required |
| Established through regional regulations | Mandatory | Mandatory |
Updated PI Offering Procedures
| Procedure | Regulation 37/2016 | Amendment 1/2025 |
|---|---|---|
| Appointment of managing BUMD | Based on contractor’s offer | By governor’s appointment |
| Submission of PI offering documents | To Director-General of Oil & Gas | Directly to the Minister |
| Certification for reservoir spreading (new) | Not required | Required |
| Requirement to establish BUMD subsidiaries | Not explicitly stated | Mandatory |
Adjusted PI Transfer Mechanisms
| Aspect | Regulation 37/2016 | Amendment 1/2025 |
|---|---|---|
| Approval time by the Minister | 30 calendar days | 60 calendar days |
| Share transfers | Prohibited | Allowed under conditions |
| Basis for reservoir spreading | Not defined | Certified data required |
Key Takeaways
- Enhance Clarity: Clearer roles for BUMD subsidiaries and updated criteria ensure better governance.
- Improve Efficiency: Simplified procedures, such as direct communication with the Minister, reduce administrative delays.
- Encourage Investment: Flexibility in share transfers allows for broader regional involvement and investment potential.
Latar Belakang
Kementerian Energi dan Sumber Daya Mineral Indonesia memperkenalkan Peraturan No. 37 Tahun 2016 untuk memfasilitasi penawaran 10% Participating Interest (PI) dalam proyek hulu migas. Regulasi ini dirancang untuk memberdayakan badan usaha milik daerah (BUMD) dengan memberikan kesempatan untuk mengelola PI, sehingga mendorong perkembangan ekonomi daerah dan partisipasi lokal dalam sektor energi.
Kementerian ESDM mengeluarkan Peraturan No. 1 Tahun 2025 sebagai amandemen, yang mulai berlaku pada 6 Januari 2025. Amandemen ini mempertahankan prinsip-prinsip inti dari Peraturan 37/2016 .
Perubahan Utama dalam Regulasi
Kriteria Kelayakan yang Direvisi untuk BUMD
| Kriteria | Peraturan 37/2016 | Amandemen 1/2025 |
|---|---|---|
| Dimiliki sepenuhnya oleh pemerintah daerah | Dibutuhkan | Dibutuhkan |
| Perseroan terbatas (99% dimiliki pemerintah daerah) | Dibutuhkan | Dibutuhkan |
| Kepemilikan sektor swasta | Dilarang | Dilarang |
| Kegiatan eksklusif hanya untuk pengelolaan PI | Dibutuhkan | Dibutuhkan |
| Dibentuk melalui peraturan daerah | Wajib | Wajib |
Prosedur Penawaran PI yang Diperbarui
| Prosedur | Peraturan 37/2016 | Amandemen 1/2025 |
|---|---|---|
| Penunjukan pengelola BUMD | Berdasarkan tawaran kontraktor | Melalui penunjukan gubernur |
| Pengajuan dokumen penawaran PI | Kepada Dirjen Migas | Langsung kepada Menteri |
| Sertifikasi untuk penyebaran reservoir (baru) | Tidak diperlukan | Diperlukan |
| Kewajiban membentuk anak perusahaan BUMD | Tidak disebutkan secara eksplisit | Wajib |
Mekanisme Transfer PI yang Disesuaikan
| Aspek | Peraturan 37/2016 | Amandemen 1/2025 |
|---|---|---|
| Waktu persetujuan oleh Menteri | 30 hari kalender | 60 hari kalender |
| Transfer saham | Dilarang | Diizinkan dengan syarat |
| Dasar penyebaran reservoir | Tidak didefinisikan | Data bersertifikat diperlukan |
Poin Penting
- Meningkatkan Kejelasan: Peran yang lebih jelas untuk anak perusahaan BUMD dan kriteria yang diperbarui memastikan tata kelola yang lebih baik.
- Memperbaiki Efisiensi: Prosedur yang disederhanakan, seperti komunikasi langsung dengan Menteri, mengurangi keterlambatan administratif.
- Mendorong Investasi: Fleksibilitas dalam transfer saham memungkinkan keterlibatan daerah yang lebih luas dan potensi investasi.
Bilingual Regulation for the Subject
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Bilingual Regulation
Peraturan OJK No. 44 tahun 2024 – Bilingual – Indonesia-English Version – Rahasia Bank
Original price was: Rp400,000.00.Rp100,000.00Current price is: Rp100,000.00.
Link to ESDM Regulation below in blue (click)
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