Wildy logo
(020) 7242 5778
enquiries@wildy.com

Wildy’s Book News

Book News cover photo

Vol 21 No 8 Aug/Sept 2016

Book of the Month

Cover of Colinvaux's Law of Insurance

Colinvaux's Law of Insurance

Price: £370.00

Pupillage Special Offers

Special Discounts for Pupils & Newly Called

Read More ...


Secondhand & Out of Print

Browse Secondhand Online

Read More...


The Indonesian Production Sharing Contract

Image not available lge

ISBN13: 9789041113870
ISBN: 9041113878
Published: July 2000
Publisher: Kluwer Law International
Country of Publication: Netherlands
Format: Hardback
Price: £96.00



This is a Print On Demand Title.
The publisher will print a copy to fulfill your order. Books can take between 1 to 3 weeks. Looseleaf titles between 1 to 2 weeks.

The model contract for oil and gas development known as the Production Sharing Contract (PSC) originated in Indonesia in 1966 and enjoyed over a decade of successful implementation, with minor adjustments, in several oil-producing countries. In more recent years, however, numerous problems have arisen as changes in economic realities have driven the level of private investment down.

This study uses legal analysis as well as historical data to pinpoint the reasons for the initial success of the PSC and for its subsequent and persistent frustrations for investors. The author first examines the original Indonesian contract, along with the variants adopted in Malaysia and the People's Republic of China, and then proceeds to an in-depth analysis of the main clauses and their amendments and execution in all three countries.

Taking into account various commissioned surveys and emerging policies and strategies espoused by both governments and industry representatives. He concludes with a detailed proposal for an overhauled contract that allows for meaningful adjustments, or even renegotiation, when the balance of interests between parties changes substantially.

Image not available lge
Subjects:
Energy and Natural Resources Law
Contents:
Acknowledgements.
I. Introduction.
II. The State and the petroleum industry.
III. The Indonesian Production Sharing Contract.
IV. The Malaysian Production Sharing Contract and the Chinese hybrid Contract.
V. Comparative analysis of main terms in Indonesia, Malaysia and the P.R.C.
VI. Problem areas in the execution of the Indonesian Production Sharing Contract.
VII. Conclusions.
Samenvatting.
Bibliography.