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.

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

    Citations

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


    Cited by:

    1. Dutu, Richard, 2016. "Challenges and policies in Indonesia's energy sector," Energy Policy, Elsevier, vol. 98(C), pages 513-519.

    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.

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

    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.

    We have no references for this item. You can help adding them by using 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.