The Indonesia Product Sharing Contract - An Investor's Perspective

SKU:10058645-0001

Tengku Nathan Machmud

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Product Line	Kluwer Law International
Product SKU	10058645-0001
ISBN-13	9789041113870
Availability	Ships in 3-5 Business Days
Last Updated	2000-07-01

Overview

The model contract for oil and gas development known as the Production Sharing Contract (PSC) originated in Indonesia in 1966 and enjoyed over a decade of successful implementation, with minor adjustments, in several oil-producing countries. In more recent years, however, numerous problems have arisen as changes in economic realities have driven the level of private investment down.

This penetrating study, the only one of its kind, uses legal analysis as well as historical data to pinpoint the reasons for the initial success of the PSC and for its subsequent and persistent frustrations for investors. The author first examines the original Indonesian contract, along with the variants adopted in Malaysia and the People's Republic of China, and then proceeds to an in-depth analysis of the main clauses and their amendments and execution in all three countries.

Taking into account various commissioned surveys and emerging policies and strategies espoused by both governments and industry representatives, he concludes with a detailed proposal for an overhauled contract that allows for meaningful adjustments, or even renegotiation, when the balance of interests between parties changes substantially.

Focusing as it does on some central issues in global economic development, The Indonesian Production Sharing Contract will be of great value to lawyers, multinational corporate executives, and policymakers far beyond the Asia-Pacific region.

Introduction
The State and the petroleum industry
The Indonesian Production Sharing Contract
The Malaysian Production Sharing Contract and the Chinese `hybrid' Contract
Comparative analysis of main terms in Indonesia, Malaysia and the P.R.C
Problem areas in the execution of the Indonesian Production Sharing Contract
Conclusions

The Indonesia Product Sharing Contract - An Investor's Perspective

Overview

Table Of Contents

US, CANADA, SOUTH AND CENTRAL AMERICA

EUROPE, UK, ASIA, AFRICA, AND REST OF WORLD

HOURS

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