Utilizing Production Sharing Contracts (PSCs) as a Means for the Protection of Indonesia’s Natural Resources
Indonesia has the potential to manage natural resources in such a way that social justice, public welfare, and the prosperity of the people is also realized. Contract law is the primary legal umbrella used in efforts to protect natural resources from exploitation. This study uses normative juridical...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Faculty of Law, University of Jember
2019-12-01
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| Series: | Lentera Hukum |
| Online Access: | https://jurnal.unej.ac.id/index.php/ejlh/article/view/13380 |
| _version_ | 1811288053727100928 |
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| author | Hari Sutra Disemadi Sahuri Lasmadi |
| author_facet | Hari Sutra Disemadi Sahuri Lasmadi |
| author_sort | Hari Sutra Disemadi |
| collection | DOAJ |
| description | Indonesia has the potential to manage natural resources in such a way that social justice, public welfare, and the prosperity of the people is also realized. Contract law is the primary legal umbrella used in efforts to protect natural resources from exploitation. This study uses normative juridical methods that prioritize secondary data as the primary sources. This study shows the form of the legal protection of state assets related to oil and gas management including the government has the right of immunity, the existence of provisions regarding state revenue, state levies, and bonuses and the existence of provisions for contractors to distribute a portion of the production share. Thus, the government uses Production Sharing Contracts (PSC) to enter into oil and gas management agreements with contractors, specifically regarding upstream business activities. The Oil and Gas Law does not elaborate on the meaning of the PSC. Rather, it only states that the PSC is one form of the contracts.
Keywords: Production Sharing Contract, State Control, Protection of Natural Resources. |
| first_indexed | 2024-04-13T03:29:16Z |
| format | Article |
| id | doaj.art-33d9cf388e6d4ea58de46a75d6e02ec5 |
| institution | Directory Open Access Journal |
| issn | 2355-4673 2621-3710 |
| language | English |
| last_indexed | 2024-04-13T03:29:16Z |
| publishDate | 2019-12-01 |
| publisher | Faculty of Law, University of Jember |
| record_format | Article |
| series | Lentera Hukum |
| spelling | doaj.art-33d9cf388e6d4ea58de46a75d6e02ec52022-12-22T03:04:32ZengFaculty of Law, University of JemberLentera Hukum2355-46732621-37102019-12-016339340810.19184/ejlh.v6i3.1338013380Utilizing Production Sharing Contracts (PSCs) as a Means for the Protection of Indonesia’s Natural ResourcesHari Sutra Disemadi0Sahuri Lasmadi1Diponegoro University, IndonesiaJambi University, IndonesiaIndonesia has the potential to manage natural resources in such a way that social justice, public welfare, and the prosperity of the people is also realized. Contract law is the primary legal umbrella used in efforts to protect natural resources from exploitation. This study uses normative juridical methods that prioritize secondary data as the primary sources. This study shows the form of the legal protection of state assets related to oil and gas management including the government has the right of immunity, the existence of provisions regarding state revenue, state levies, and bonuses and the existence of provisions for contractors to distribute a portion of the production share. Thus, the government uses Production Sharing Contracts (PSC) to enter into oil and gas management agreements with contractors, specifically regarding upstream business activities. The Oil and Gas Law does not elaborate on the meaning of the PSC. Rather, it only states that the PSC is one form of the contracts. Keywords: Production Sharing Contract, State Control, Protection of Natural Resources.https://jurnal.unej.ac.id/index.php/ejlh/article/view/13380 |
| spellingShingle | Hari Sutra Disemadi Sahuri Lasmadi Utilizing Production Sharing Contracts (PSCs) as a Means for the Protection of Indonesia’s Natural Resources Lentera Hukum |
| title | Utilizing Production Sharing Contracts (PSCs) as a Means for the Protection of Indonesia’s Natural Resources |
| title_full | Utilizing Production Sharing Contracts (PSCs) as a Means for the Protection of Indonesia’s Natural Resources |
| title_fullStr | Utilizing Production Sharing Contracts (PSCs) as a Means for the Protection of Indonesia’s Natural Resources |
| title_full_unstemmed | Utilizing Production Sharing Contracts (PSCs) as a Means for the Protection of Indonesia’s Natural Resources |
| title_short | Utilizing Production Sharing Contracts (PSCs) as a Means for the Protection of Indonesia’s Natural Resources |
| title_sort | utilizing production sharing contracts pscs as a means for the protection of indonesia s natural resources |
| url | https://jurnal.unej.ac.id/index.php/ejlh/article/view/13380 |
| work_keys_str_mv | AT harisutradisemadi utilizingproductionsharingcontractspscsasameansfortheprotectionofindonesiasnaturalresources AT sahurilasmadi utilizingproductionsharingcontractspscsasameansfortheprotectionofindonesiasnaturalresources |