According to the leading energy industry association, Indonesia has inserted some news in the oil and gas production-sharing contracts, that seem very positive for investors.

Indonesia overhauled its oil and gas production-sharing contract scheme in order to reduce the burden of energy exploration on government finances, but analysts said the changes are positive but not enough to make Indonesia attractive for energy investors. The executive director of the Indonesian Petroleum Association (IPA) says that the changes are positive and could help improve “the economics of field, particularly during the initial stages of production”.

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