Post-Operation Activities in Upstream Oil-and-Gas Business Activities

The Ministry of Energy and Mineral Resources (“ Ministry ”) recently issued Regulation No. 15 of 2018 on Post-Operation Activities in Upstream Oil-and-Gas Business Activities (“ Regulation 15/2018” ), which is an implementation of Article 17 (4) of Government Regulation No. 79 of 2010 on Recoverable Operational Costs and Income-Tax Treatment within the Upstream Oil-and-Gas Business Sector, as amended by Government Regulation No. 27 of 2017 [1] .Regulation 15/2018 essentially serves as a set of guidelines for oil-and-gas contractors (“ Contractors ”) as regards the implementation of mandatory post-operation activities within the upstream oil-and-gas business sector (“ Post-Op Activities ”). Regulation 15/2018 specifically addresses the following matters: