Global Energy, Utilities & Mining Group/ May 2014 / No.

51

2014 Negative Investment List p1/ National Energy Policy p3/ Annual Tax Returns for
PSCs p3/ Current status of Land and Buildings Tax (PBB Tax) p4 / Reclamation and
mine closure guarantees p7/ Update on mining area mapping p8/ Mining licences p9 /
Opportunities, Risks and Rewards a balancing act: An investor survey of the Indonesian
oil and gas industry p10 /Newsbytes p13

PwC Indonesia
Energy, Utilities & Mining NewsFlash

2014 Negative Investment List the end of an era

for the oilfield service sector
Anthony Anderson and Yudhanto Aribowo
On 23 April 2014, the Government of Indonesia issued Presidential Regulation No 39/2014
concerning the list of business fields that are closed to investment and business fields that are
conditionally open for investment (PR 39/2014), otherwise known as the 2014 Negative Investment
List.
PR 39/2014 effectively replaced Presidential Regulation Number 36/2010 (PR 36/2010). However all
implementing regulations issued to give effect to PR 36/2010 will remain valid to the extent that they
do not contradict PR 39/2014.
The 2014 Negative Investment List details 16 sectors that are conditionally open for investment,
including in energy and mineral resources. Within the energy sector, foreign participation in some
oil and gas services including onshore drilling, onshore production installation, well operation and
maintenance, and design and engineering services are now closed to foreign investment. Foreign
participation is also limited, variously to between 49% and 95%, in offshore pipeline installation,
surveying services, platform construction, and offshore drilling. Investment in the power sector,
including geothermal power also faces new restrictions.

www.pwc.com/id

List of energy businesses that are fully closed to foreign investment:

oil and gas construction services, namely onshore production installation, pipeline installation,
storage and marketing installation, and horizontal/vertical tanks;
onshore oil and gas drilling;
oil and gas support services, namely well operation and maintenance services, design and
engineering services, and technical inspection services; and
power generation of less than 1 MW capacity, electrical installation and testing, and analysis of
electrical installation.
List of energy businesses that are open to foreign investment under specific conditions:
maximum foreign ownership of 49%: spherical tanks, offshore pipeline installation, oil and
gas/G&G surveying services, and power generation of 1 10 MW capacity;
maximum foreign ownership of 75%: platform construction services, and offshore oil and gas
drilling;
maximum foreign ownership of 90%: geothermal operating and maintenance services; and
maximum foreign ownership of 95%: geothermal surveying services and drilling, power
generation/transmission/distribution of greater than10 MW capacity (except for public-private
partnerships where 100% foreign ownership is now allowed), power installation consultancy,
electrical utility construction, and operation and maintenance of electrical installation.
The 2014 Negative Investment List does not apply to investments approved prior to its issue unless
the terms are more favourable to the relevant investor. The List also does not apply to indirect
investments, or portfolio investments transacting through domestic capital markets.
The changes in regard to the oilfield services would seem to make it harder for longer term projects
(where fly-in fly-out support is inadequate) to have a new foreign service provider establish a local
presence. Given the apparent need for external expertise in deepwater areas, floating LNG, stranded
gas, coal bed methane and perhaps shale gas, one would have thought it would be appropriate to
retain some flexibility (not closure) of the following sectors:
Oil and gas construction services;
Onshore oil and gas drilling; and
Oil and gas support services, namely well operation and maintenance services, design and
engineering services, and technical inspection services.
Vendors of services in these (now) closed sectors may need to return to the greater use of principal/
agent structures, subject to of course whether their Indonesian clients are satisfied with such a
minimal presence.
The changes for the sub-10MW power generation sector are also difficult to understand, particularly
in regard to renewable energy in the solar and mini hydro space. The recent bid round of PLN for
Solar investments attracted a healthy degree of interest from foreign bidders, who were collaborating
with local Indonesian partners. This power sector (all projects were less than 10MW) is now closed
and one wonders if there will be continued sufficient investment dollars and technical experience
from domestic investors for the balance of the projects to be built. Furthermore, anecdotal evidence
suggests that some sub-10MW domestic investors in mini-hydro are finding it hard to access domestic
finance for renewable energy investments and thus have been looking for foreign equity partners
to assist, where local banks would not. The involvement of foreign investors from a direct equity
perspective is now prevented.

2 | Indonesia Energy, Utilities and Mining NewsFlash

National Energy Policy

A new five year National Energy Policy has been published in draft form but, as we understand it, the
policy has not yet been signed by the President.
The National Energy Policy aims to achieve an optimal energy resources mix by 2025 and 2050 as
follows:
Energy Source
New and renewable energy

2025

2050

minimum 23%

minimum 31%

Crude oil

less than 25%

less than 20%

Coal

minimum 30%

minimum 25%

Natural gas

minimum 22%

minimum 24%

2025 and 2050 Targeted Energy Mix

2050
20%
31%
23%

Crude oil
Coal
Natural gas
New and
renewable
energy

25%

2025
22%

30%
25%

24%

Source: MoEMR

This new target mix compares with a superseded target for 2030 of 2% for oil, 26% for coal, 30% for
gas and 42% for renewables. The new policy specifies coal as the mainstay of national energy supply.
It also states an electrification target of 85% by 2015 and close to 100% by 2020. Previously the 2020
target was 90%. Currently the ratio is around 78%.

Annual Tax Returns for PSCs

On 18 February 2014 the DGT issued Regulation No.5/2014 on the format and content of the annual
income tax return for PSC taxpayers (DGT Regulation No.28 was revoked).
In addition to distinguishing liftings and non-liftings income, Contractors are now required to
complete and attach (as appropriate) six detailed special attachments concerning:
a. Corporate Income Tax for PSC Contractors;
b. Branch Profits Tax/dividend tax for PSC Contractors;
c. Details of Costs in Exploration/Exploitation Stage for PSC Contractors;
d. Depreciation Schedule for PSC Contractors;
e. Details of the Contractors portion of FTP share;
f. Details of Changes in Participating Interests.

Indonesia Energy, Utilities and Mining NewsFlash | 3

Current status of Land & Buildings Tax (PBB Tax)

Alexander Lukito
The Directorate General of Taxation (DGT) provided further regulation during the course of 2013
regarding Land and Buildings Tax (PBB Tax). To help companies understand their obligations under the
current regime we have put together an overview of the tax rules and a summary of the current object
values (NJOP).
The following tax rules apply to the PBB tax in the upstream oil and gas sector:a. PBB Law No.12/1994 (the PBB Law);
b. Government Regulation No.79/2010 of 20 December 2010 (GR-79);
c. Minister of Finance (MoF) Regulation No.15/PMK.03/2012 (PMK-15);
d. MoF Regulation No.76/PMK.03/2013 (PMK-76);
e. DGT Regulation No.11/PJ/2012 (PER-11);
f. DGT Decree No.163/PJ/2012 (KEP-163);
g. DGT Decree No.132/PJ/2013 (KEP-132);
h. DGT Regulation No.45/PJ/2013 (PER-45); and
i. DGT Circular No.SE-46/PJ/2013 (SE-46).
General PBB framework
Pursuant to Article 5 of the PBB Law PBB is due at 0.5% of a deemed tax base. The tax base ranges
from 20% to 100% of the relevant object value (or NJOP) of interests in land and/or buildings held
as at 1 January each year.
Information on PBB objects is collected via a Notification of PBB Objects (or SPOP) which the object
holder is required to complete and file with the Directorate General of Tax (DGT) within 30 days of
receipt each year. The resulting PBB liability is then notified to the object holder by an Official Tax
Payable Notification (SPPT). The SPPT is then due for payment within 6 months of the receipt.
A SPPT is not an assessment. However, a SPPT is still a legal notice for payment from the DGT which can
be disputed pursuant to an objection/appeal system similar to that for other taxes.
PBB Framework for PSCs
PBB objects held by PSC interest holders have historically been subject to PBB under the same process as
outlined above (and with a tax base at 40% of the NJOP).
In addition, PSC interest holders have (historically) had the financial cost of the PBB dealt with via an
overbooking made by the Directorate General of Budget (DGB) to the DGT (i.e. the PBB was not
historically paid by the PSC interest holder).
This protected PBB position was generally consistent with the provisions of historical PSCs (at least for
PSCs signed before GR-79 see below).
Until the April 2013 regulatory changes (see below) the relevant PBB regulations could be summarised
as follows:a. on 1 February 2012, the MoF issued PMK-15 which essentially provided:i) that PBB should (continue to) be settled through an overbooking (i.e. at this stage PBB was
still not paid by the PSC interest holder); and
ii) for the purpose of determining the NJOP the MoF would issue detailed regulations on an annual
basis.

4 | Indonesia Energy, Utilities and Mining NewsFlash

b. on 20 April 2012, the DGT issued PER-11 outlining compliance and calculation procedures for PSCs. As with
the previous regulations, PER-11 demarcated NJOP according to whether the relevant land was:i) surface-onshore;
ii) surface-offshore (essentially the water surface); and
iii) subsurface (essentially the seabed).
PER-11 prescribed that the NJOP was to be determined on a m2 basis with the value to be regulated separately
by the DGT. Whilst the onshore, offshore and subsurface values (during exploration) were to be set at
different rates the land area was prescribed as being the full PSC area;
c. on 25 April 2012 and 25 March 2013, the DGT issued KEP-163 and KEP-132 for 1 January 2012 and
2013 PBB objects respectively. These provided the actual m2 values for the onshore, offshore and
subsurface areas for exploration PSCs (noting that a different calculation applies for exploitation PSCs for
the subsurface component).
April 2013 Changes
Various changes were made in April 2013. These changes can be summarised as follows:a. on 20 December 2010, the Government issued GR-79. Article 11(4)(f) of GR-79 indicated (for the first
time) that indirect taxes should be cost recoverable rather than (say) contractually protected. The
relevant elucidation to GR-79 made it clear that indirect taxes included PBB.
b. on 12 April 2013, the MoF issued PMK-76 to replace PMK-15. PMK-76 specifically differentiated the PBB
treatment as follows:i) for pre GR-79 PSCs:- the overbooking process continues to apply; and
ii) for post GR-79 PSCs:- the overbooking does not apply and the PSCs interest holder are required to selfremit the PBB and claim as cost recovery.
c. in June 2013, the DGT issued the holders of post GR-79 PSCs with PBB related SPPTs for PBB Objects held as
at 1 January 2012 and 2013. There was also a series of meetings with SKK Migas and the MoF in an attempt
to clarify a number of unclear calculation issues in particular the meaning of land utilisation.
d. on 30 September 2013, the DGT issued SE-46 to provide further clarification on completing SPOPs for the
offshore component of objects. Perhaps the most significant aspect of SE-46 was to clarify that the NJOP
should only extend to area utilised etc. by the PSC interest holder. Whilst utilisation was not defined the
intent appeared to be to reduce PBB exposure for these PSCs on a go forward basis.
e. on 20 December 2013, the DGT issued PER-45 to replace PER-11 (and effectively therefore SE-46 which was
subordinate to PER-11-see above). Key points outlined in PER-45 (which came into force in 1 January 2014)
were as follows:
i)
definition of Offshore Area:-whilst PER-45 followed the same approach as PER-11 the PER-45
definition did not refer to utilisation thereby raising a question over whether PER-45 revoked the
utilisation interpretation of Offshore Area outlined in SE-46. This issue remains unclear although
during the socialisation of PER-45 the DGT apparently indicated that the interpretation set out under
SE-46 should continue; and
ii) the introduction of a zone concept:- that the zone utilized for oil and gas activities can include areas
outside of the PSC contract area. This effectively expanded the area potentially subject to PBB with the
zone concept most directly impacting the surface component (i.e. with the PBB base for the surface
area becoming the total area not the PSC area).

Indonesia Energy, Utilities and Mining NewsFlash | 5

Current Status NJOP value of PBB Objects

With the above in mind the NJOP value for PBB calculations, on a post-2013 basis, can be summarised as
follows.
NJOP Value1 Per Type of PSC Area (Post PER-45)
a) Surface

Onshore
NJOP = Total Area3 x Land NJOP/m22
The resulting PBB applies as follows:i) for productive land subject to PBB
ii) for not yet productive land - subject

to PBB

Offshore
NJOP =Total Area3 x Land NJOP/m22
The resulting PBB applies as follows:i) for offshore area subject to PBB
ii) for other area not subject to PBB

iii) for unproductive land subject to

PBB

iv) for emplacement land subject to

PBB

v) for other land- not subject to PBB

b) Subsurface

c) Building

Exploration
NJOP = PSC Area x Land NJOP/m22

Exploration
NJOP = PSC Area x Land NJOP/m22

Exploitation
Capitalisation Number x production sold
x oil crude price/ICP (or natural gas
price) 4

Exploitation
Capitalisation Number x production
sold x oil crude price/ICP (or natural
gas price) 4

General
Total Building Area x Building NJOP/m2
Specific
Total Building Area x Building NJOP/m2

General
Total Building Area x Building NJOP/
m2
Specific
Total Building Area x Building NJOP/
m2

prior to 60% base range calculation

per KEP-132 value - for 1 January 2014 not yet issued
3
per PER-45-subject to utilised area clarification
4
if producing
1
2

6 | Indonesia Energy, Utilities and Mining NewsFlash

Reclamation and mine closure guarantees

Raemon Utama and Mayda Santi
On 29 February 2014, the Minister for Energy
and Mineral Resources issued Regulation
No.7/2014 (PerMen 7) as the implementing
regulation of Government Regulation
No.78/2010 (GR 78) that deals with reclamation
and post-mining activities for both IUPExploration and IUP-OP holders. PerMen 7
details the requirements and guidelines for the
preparation of reclamation and post-mining
plans.

Photo courtesy: PT Berau Coal

An Exploration IUP holder, among other

requirements, must include a reclamation plan
in its exploration work plan and budget and
provide a reclamation guarantee in the form of
a time deposit placed at a state-owned bank.
The reclamation plan for the exploration phase
is required to be prepared before undertaking
any exploration activities. Upon submitting
application for an IUPOP, the reclamation plan
for the production phase and the post mining
plan shall also be prepared by the Exploration
IUP/IUPK holder and this plan should cover a
five-year period (or the remaining mine life, if
shorter).

An IUP-OP holder, among other requirements,

must provide:
1. a five-year reclamation plan;
2. a post-mining plan;
3. a reclamation guarantee which may be in the
form of a joint account or time deposit placed
at a state-owned bank, a bank guarantee,
or (if meeting certain eligibility criteria) an
accounting provision; and
4. a post-mining guarantee in the form of a time
deposit at a state-owned bank
The requirement to provide reclamation and
post-mining guarantees does not release the
IUP holder from the requirement to perform the
reclamation and postmining activities. PerMen 7
also provides the procedures for the preparation
of the reclamation and post-mining activities
report. The transitional provisions in GR 78 and
PerMen 7 make it clear that CoW/CCoW holders
are also required to comply with this regulation.
The reclamation and mine closure guarantees
may only be withdrawn upon approval from the
Minister, the Governor, the Regent or the Mayor,
as applicable.

Indonesia Energy, Utilities and Mining NewsFlash | 7

Update on mining area mapping

Photo source : PT Newmont Nusa Tenggara

Raemon Utama and Rosh Govindaraj

On 24 December 2013, the MoEMR issued Regulation

No.37/2013 (PerMen 37) providing technical criteria
to determine the areas that are open for mining
(Wilayah Pertambangan or WPs) as follows:
- having the spread of rock formation of the relevant
mining product;
- the mining product indicative data is available;
- the mining product potential data is available; and
- there is mineral or coal reserve data.
WPs are categorised as:
1. Commercial mining business areas (Wilayah Usaha
Pertambangan WUP), representing mining areas
for larger scale mining;
2. State reserve areas (Wilayah Pencadangan Negara
WPN), representing areas reserved for the national
strategic interest; and
3. Peoples mining areas (Wilayah Pertambangan
Rakyat WPR), representing mining areas for
small-scale local mining.

8 | Indonesia Energy, Utilities and Mining NewsFlash

In determining the WPs, every five years the Central

Government (with the assistance of provincial and
regional Governments) can carry out a detailed
mapping exercise. The areas identified as mining areas
will not necessarily be available exclusively for mining,
and therefore may include other uses, such as forestry.
This mapping process in still in progress, and since the
final map of designated areas must be approved by
Parliament, this process may take some time. It should
be noted however, that one key positive step taken by
the Government is the establishment of a clean and
clear list of mining licence areas which have been
verified by the DGoMC and declared to be valid and
free of competing claims. This list can be accessed at
the DGoMC website. Currently, approximately 55% of
the nearly 11,000 existing mining licences had been
given clean and clear status.

Mining licences
Raemon Utama and Rosh Govindaraj

The Minister of Energy and Mineral Resources

issued Regulation No.32 on 19 November 2013
(PerMen 32) on mining business licenses. Within
the designated mining areas (or WPs), mining
licences may be issued to one or more parties as
follows:
Mining Business Licence (IUP) is a general
licence for conducting mining business
activities in a WUP area.
Special Mining Business Licence (IUPK) is
a licence for conducting mining activities
in a specific mining area, in which mining
business activities can be carried-out.
Peoples Mining Licence (IPR) is a licence for
conducting mining business in a mining area
of limited size and investment. An IPR is not
available to foreign investors.
Specific licences
Entities intending to engage solely in trading,
processing and refining activities are still
required to obtain a special IUP-OP. However,
these licences are distinguished by the specific
activities which they intend to perform:
Transport and Sales IUP-OP (for
companies engaging in the coal/ minerals
transportation and trading business)
Processing and/or Refining IUP-OP
Prior to the issuance of the Ministers PerMen
32, the transport/sale and processing/refining
activities (for companies who did not themselves
own a mine) were largely unregulated. PerMen
32 formalises the extensive requirements for
those wishing to apply for these Transport and
Sales and Processing and/or Refining IUP-OPs,
and also imposes a number of new restrictions on
these activities.

Temporary Licences
To deal with situations where coal/minerals are
mined ancillary to some other main activity, the
following temporary licences are recognised:
a. Temporary Transporting and Trading
Licence: granted to a mining company to
allow the sale of coal/minerals extracted
during exploration phase.
b. Temporary IUP for Trading: granted to a
company which is not in the mining business
(e.g. road construction), but excavates
coal/minerals as part of its activities. This
licence is required regardless of whether
the company intends to sell or use the coal/
minerals.
Both temporary licences have associated
restrictions:
The licence can be issued only once, cannot
be extended, and is granted for a specific
quantity of coal/minerals;
The licence holder must pay production
royalties on the coal/minerals sold; and
The coal/minerals must be sold domestically.
The licences are granted by the relevant
authority in accordance with the location from
which the coal/minerals are excavated (see
table below). A number of Transport and Sales
IUP-OPs and Processing and/or Refining IUPOPs were issued prior to PerMen 32. Those
licences must be adjusted in accordance with this
regulation by 18 November 2015.

Furthermore, PerMen 32 recognises two types of

temporary licences, see below for details.

Indonesia Energy, Utilities and Mining NewsFlash | 9

Opportunities, Risks and Rewards a balancing act

An investor survey of the Indonesian oil and gas industry
Anthony Anderson

Will your company increase its

exploration activity?
World
No
27%

No
37%

Indonesia
Yes
63%
Yes
73%

10 | Indonesia Energy, Utilities and Mining NewsFlash

This month PwC Indonesia will publish the sixth edition of our
survey of the Indonesian oil and gas industry. The survey responses
come from 106 participants from 90 different companies currently
operating in the Indonesian oil and gas sector and therefore can
be used to draw credible conclusions about the issues preventing
the industry from reaching its full potential. The survey shows that
there have been improvements in some areas, but also suggests
that new regulations, contract sanctity, uncertainty over cost
recovery and the impact from other government agencies continue
to stifle investment.
Employment
In line with the continued increase in global demand for oil and
gas, the demand for employees working in the oil and gas industry
in Indonesia is likely to increase over the coming years. Expatriate
numbers are not expected to increase, despite an apparent need
for deepwater and unconventional expertise, largely due to the
new expatriate utilisation regulations adding conditions on the
employment of foreign workers for the upstream and services
sectors. As in the 2012 survey results, a large portion of the
survey participants expect difficulties in attracting sufficient
(skilled) human resources. One of the reasons behind this is the
fact that a significant proportion of skilled local employees seek
employment abroad (mostly in the Middle East) in search of higher
compensation.

Capital Expenditure
Focus of exploration activities
Unconventional
gas (e.g. CBM,
CSG, shale) 17%

Oil
10%

Gas
18%

The participants general view seems to be that capital

spending will stay the same or even increase over the coming
five years. This is more or less consistent with the 2012
survey results and consistent with the increased liftings costs
for mature fields and the development of deepwater assets.
Disappointingly, 48% of respondents suggested their appetite
for further investment in Indonesia was declining.
Challenges facing the industry
Our survey indicated that the five most critical challenges
facing the industry are as follows:

Combination of
oil and gas 55%

Do you expect the industry to

encounter difficulties in hiring and
retaining employees in 2014?
Dont know
11%

No
29%
Yes
60%

Does the Indonesian oil and gas

industry have a sufficient number
of skilled staff to perform these
activities?
Dont know
9%

Yes
39%

No
52%

1. Interference from other government agencies, such as the

tax authorities
2. Contract sanctity
3. Confusion as the roles of the central, provincial & regional
government
4. New regulations
5. Uncertainty over cost recovery and SKK Migas/ BPKP audit
findings
The challenges highlighted in bold above were also included in
the top five challenges in our 2010 and 2012 surveys.
We noted that survey participants were slightly more optimistic
on the anticipated developments on a number of challenges
over the longer term as they expect some improvements within
the coming five years. In written comments to the survey a
number of respondents flagged their concerns over the need
to resolve the status of the pending revision of the Oil and
Gas Law. Some also expressed or implied frustration with the
perceived lack of consistency or coordination between the
various GoI Ministries.
Competitiveness
From this survey, the five most competitive features of the
Indonesian oil and gas industry are as follows:
1.
2.
3.
4.
5.

Political stability
Trained workforce
Ease of foreign ownership
Environmental regulation
Geological opportunities

Critically we note that foreign ownership (read as access to

acreage and being open for business) remains a competitive
and positive feature of the Indonesian upstream sector. We
note also that geological prospectivity, although still regarded
as good, is no longer regarded as the most competitive feature
of the Indonesian upstream sector.

Indonesia Energy, Utilities and Mining NewsFlash | 11

Do you anticipate significant

changes in the industry after
the elections?
Dont know 1%

No impact
14%

Yes
48%
No
37%

Other challenges
Survey respondents were divided as to whether the 2014
elections would have significant ramifications for the sector, but
were in agreement that the upstream procurement regulations
were and would continue to have a negative impact on their
business. There was overwhelming support from respondents
for the GoI to provide incentives to support the development of
unconventional gas (90% of recipients), but serious concern as
to whether Indonesia had the knowledge and expertise to extract
and produce unconventional gas. On a concluding note, despite
most respondents indicating that they were not satisfied with the
returns of their investment, the majority (consistent with our past
three surveys) had never considered leaving Indonesia.
For your copy of the 2014 survey of the Oil and Gas Industry,
please contact your regular PwC Indonesia advisor.

Should the government

provide more incentives for
unconventional gas?
No
3%

Dont know
7%

Yes
90%

12 | Indonesia Energy, Utilities and Mining NewsFlash

Newsbytes
Mining in Indonesia 2014
In May 2014 PwC Indonesia launched the 6th edition of our
popular Mining Investment and Taxation Guide. The guide
provides a comprehensive introduction to the key regulatory and
taxation issues applicable to Indonesian mining investments,
including the Mining Law of 2009 and the recent implementing
regulations. An essential read for new investors to Indonesias
mining sector, or a handy reference for established investors.
The 6th edition captures the latest developments in Indonesias
mining sector, including the ban on export of unprocessed
minerals, which came into force on 12 January 2014, and the
new divestment rules, which require earlier divestment of foreign
interests whenever there is a change in the shareholders of a
company holding an IUP. The 6th edition also includes the 2014
update of the PwC Indonesia Mining Map.
This publication can be downloaded from our website at http://
www.pwc.com/id/en/publications under the Energy, Utilities &
Mining tab. If you would like a hard copy, please contact Nicolas
Saputra on his email [email protected] or Arfianti
Syamsuddin on her email [email protected]

Opportunities, Risks and Rewards

a balancing act

An investor survey of the Indonesian oil and gas

industry

www.pwc.com/id

In May 2014 PwC Indonesia released its 2014 Oil and Gas Survey
(see outline above). The purpose of the survey is to help inform
the public and private sectors in Indonesia and abroad about
Indonesias upstream petroleum industry and to highlight some of
the challenges in attracting optimal investment and achieving its
full potential. Where possible, we have compared current results
with the results from prior surveys to highlight trends and to
assess whether conditions are deteriorating or improving.
The survey questionnaire was sent to individuals working for
more than 150 different companies. We received 106 responses
(representing 90 different companies currently active in the
Indonesian oil and gas sector).
This publication can be downloaded from our website at http://
www.pwc.com/id/en/publications under the Energy, Utilities &
Mining tab. If you would like a hard copy, please contact Nicolas
Saputra on his email [email protected] or Arfianti
Syamsuddin on her email [email protected]
Indonesia Energy, Utilities and Mining NewsFlash | 13

Newsbytes
Oil and Gas in Indonesia
Investment and Taxation Guide 2014
In May 2014 PwC Indonesia released the 6th edition of the Oil
and Gas in Indonesia Investment and Taxation Guide. The guide
provides an extensive overview of the key regulatory and taxation
issues associated with upstream and downstream oil and gas
sectors, as well as the unconventional gas and service sectors. The
guide is an essential read for all stakeholders and those interested
in the oil and gas sector in Indonesia.

www.pwc.com/id

The 6th edition captures the latest legal and regulatory changes
that have occurred in the oil and gas industry during the past
two years. In particular, this edition covers the most recent
developments related to GR 79, land and building tax and the new
negative investment list. The 6th edition also includes the 2014
update of the PwC Indonesia Oil & Gas Map.
This publication can be downloaded from our website at http://
www.pwc.com/id/en/publications under the Energy, Utilities &
Mining tab. If you would like a hard copy, please contact Nicolas
Saputra on his email [email protected] or Arfianti
Syamsuddin on her email [email protected]

PwC Indonesia to participate in the

38th Annual IPA Convention
IPA
21 23
May 2014

PwC Indonesia will be hosting a booth at the IPA Convention and

Exhibition at the Jakarta Convention Center. The event, with
theme Strengthening Partnerships to Enhance Indonesias Energy
Resilience and Global Competitiveness, will provide in-depth
discussion in countrys issues and how to address the challenge
and provide energy needs for the country. Come stop by our
booth to meet our people for our latest industry publications. Our
Technical Advisors, Anthony Anderson and Paul Van der Aa, will
be presenting the Oil & Gas Survey results.
Mark the date and be there!
14 | Indonesia Energy, Utilities and Mining NewsFlash

PwC Indonesia in the

20th Coaltrans Asia 2014
Coaltrans
14
June 2014

PwC Indonesia will be sponsoring the lounge at the 20th Coaltrans

Asia at the Bali International Convention Centre, Indonesia.
Join us for the one of the worlds largest coal industry events
to reconnect your thinking with professional at the forefront
of this industry. We will have senior members of our mining
team available to discuss industry issues and PwC Indonesia Tax
Technical Advisor Tim Watson will be chairing the Finance and
Investment session on Day Two.

Indonesia International Geothermal

Convention & Exhibition 2014
IIGCE
46
June 2014

PwC Indonesia will be hosting a booth at the upcoming Indonesia

International Geothermal Convention & Exhibition 2014. The
IIGCE is run by INAGA, Indonesias peak industry body in the
geothermal energy space, and will bring together senior industry
and government executives as well as some international experts
to discuss ways to accelerate the development of Indonesias
geothermal resources.

Indonesia Energy, Utilities and Mining NewsFlash | 15

Contacts
Assurance
Sacha Winzenried
[email protected]
T: +62 21 528 90968

Dwi Daryoto
[email protected]
T: +62 21 528 91050

Yusron Fauzan
[email protected]
T: +62 21 528 91072

Gopinath Menon
[email protected]
T: +62 21 528 75772

Yanto Kamarudin
[email protected]
T: +62 21 528 91053

Anthony Hodge
[email protected]
T: +62 21 528 90687

Gabriel Chan
[email protected]
T: +62 21 528 90857

Fandy Adhitya
[email protected]
T: +62 21 528 90749

Daniel Kohar
[email protected]
T: +62 21 528 90962

Christina Widjaja
[email protected]
T: +62 21 528 75433

Firman Sababalat
[email protected]
T: +62 21 528 90785

Yudhanto Aribowo
[email protected]
T: +62 21 528 91059

Tim Watson
[email protected]
T: +62 21 528 90370

Anthony J Anderson
[email protected]
T: +62 21 528 90642

Suyanti Halim
[email protected]
T: +62 21 528 76004

Antonius Sanyojaya
[email protected]
T: +62 21 528 90972

Gadis Nurhidayah
[email protected]
T: +62 21 528 90765

Tjen She Siung

[email protected]
T: +62 21 528 90520

Toto Harsono
[email protected]
T: +62 21 528 91205

Tax

Michelle Mianova
[email protected]
T: +62 21 528 75919

Advisory
Mirza Diran
[email protected]
T: +62 21 521 2901

Joshua Wahyudi
[email protected]
T: +62 21 528 90833

Hafidsyah Mochtar
[email protected]
T: +62 21 528 90774

Agung Wiryawan
[email protected]
T: +62 21 528 90666

Michael Goenawan
[email protected]
T: +62 21 528 90340

Consulting
Charles Vincent
[email protected]
T: +62 21 528 75872

Paul van der Aa

[email protected]
T: +62 21 528 91091

This document has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in the document without
obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this document, and, to the extent
permitted by law, PwC Indonesia, its members, employees and agents accept no liability, and disclaim all responsibility, for the consequences of you or anyone else acting, or refraining to act, in reliance on
the information contained in this document or for any decision based on it.
PwC Indonesia is comprised of KAP Tanudiredja, Wibisana & Rekan, PT PricewaterhouseCoopers Indonesia Advisory and PT Prima Wahana Caraka, each of which is a separate legal entity and all of which
together constitute the Indonesian member firm of the PwC global network, which is collectively referred to as PwC Indonesia.
2014 PwC. All rights reserved. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see http://www.pwc.com/structure for further

16 details.
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