IDEAS home Printed from https://ideas.repec.org/a/taf/bindes/v46y2010i2p237-248.html
   My bibliography  Save this article

A note on policies for the oil and gas sector

Author

Listed:
  • Michael Boyd
  • Anne Devero
  • Jennifer Frias
  • Jeff Meyer
  • Greg Ross

Abstract

Production of oil and gas in Indonesia has fallen steadily during the last decade, owing to a combination of reduced exploration efforts and natural decline in currently producing fields. To counter-balance declining reserves in mature oil fields and a lack of expansion of known natural gas reserves, policy makers are now pursuing exploration initiatives more energetically. However, producers have expressed deep concern about the prospects for fair cost-recovery rules, and about the legal and regulatory environment more generally. Three issues are particularly relevant to the investment climate: resource nationalism; the anti-corruption drive; and decentralisation. Steps that the government could take include stemming the erosion of fiscal terms in contracts and ensuring contract sanctity. And although economic nationalists will find it hard to accept, maximising the benefits to the Indonesian people of exploiting the nation's hydrocarbon resources will require the presence of the world's most efficient operators.

Suggested Citation

  • Michael Boyd & Anne Devero & Jennifer Frias & Jeff Meyer & Greg Ross, 2010. "A note on policies for the oil and gas sector," Bulletin of Indonesian Economic Studies, Taylor & Francis Journals, vol. 46(2), pages 237-248.
    • Handle: RePEc:taf:bindes:v:46:y:2010:i:2:p:237-248
    DOI: 10.1080/00074918.2010.486111
    as

    Download full text from publisher

    File URL: http://www.tandfonline.com/doi/abs/10.1080/00074918.2010.486111
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/00074918.2010.486111?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. International Monetary Fund, 2005. "Indonesia: Selected Issues," IMF Staff Country Reports 2005/327, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Heru Iswahyudi, 2016. "Back to oil: Indonesia economic growth after Asian financial crisis," Economic Journal of Emerging Markets, Universitas Islam Indonesia, vol. 8(1), pages 25-44, April.
    2. Dutu, Richard, 2016. "Challenges and policies in Indonesia's energy sector," Energy Policy, Elsevier, vol. 98(C), pages 513-519.
    3. Kraal, Diane, 2019. "Petroleum industry tax incentives and energy policy implications: A comparison between Australia, Malaysia, Indonesia and Papua New Guinea," Energy Policy, Elsevier, vol. 126(C), pages 212-222.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.

      More about this item

      Statistics

      Access and download statistics

      Corrections

      All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:bindes:v:46:y:2010:i:2:p:237-248. See general information about how to correct material in RePEc.

      If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

      If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

      If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

      For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/CBIE20 .

      Please note that corrections may take a couple of weeks to filter through the various RePEc services.

      IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.