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Jakarta Post

Oil and gas companies granted amnesty on data reports

  • Norman Harsono

    The Jakarta Post

Jakarta   /   Thu, August 15, 2019   /   04:05 pm
Oil and gas companies granted amnesty on data reports An oil rig is in operation in the Mahakam Block. The government has granted oil and gas companies more leniency with regard to obligations to submit oil and gas-related data. (Tempo/SG Wibisono)

Norman Harsono

The Jakarta Post/Jakarta

The Energy and Mineral Resources Ministry has raised awareness among oil and gas companies of recently issued Ministerial Regulation (Permen) No. 7/2019 on oil and gas data management that, most urgently, includes a data amnesty article.

Under Article 46 of the regulation, oil and gas companies are allowed to submit unreported oil and gas-related information – as required by law – to the Energy Ministry without facing otherwise applicable sanctions.

Deputy Energy and Mineral Resources Minister Arcandra Tahar said in Jakarta on Thursday that such companies had until October this year to inform the ministry about any unreported data and another year to submit the data, which includes softcopy files and bulky hardcopies.

“There might be data out there that hasn’t entered our records. We don’t know how much,” said the deputy minister.

The 2001 Oil and Gas Law empowers the government to revoke oil and gas companies’ operating licenses if they do not comply with prevailing regulations and would thus, be susceptible to illegal operation fines of up to Rp 50 billion (US$3.5 million). (hen)