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All Journal Law Research Review Quarterly Journal of Law and Legal Reform
Setyawati, Anak Agung Ayu Diah
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Law, Crime, Criminology & Criminal Justice Social Sciences

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Journal : Journal of Law and Legal Reform

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The Green Investment Effect on the Regulation of Idle Well Management Cooperation Contract Schemes Rahayu, Sang Ayu Putu; Anitasari, Rahayu Fery; Puteri, Dina Silvia; Pratomo, Nathanael Bayu Ajie; Setyawati, Anak Agung Ayu Diah
Journal of Law and Legal Reform Vol. 5 No. 4 (2024): Contemporary Issues on Law Reform in Indonesia and Global Context
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jllr.v5i4.4481

Abstract

This research delves into legal issues surrounding the impact of green investment on cooperation contracts managing idle wells in Indonesia, Malaysia, and Equatorial Guinea. In alignment with green investment principles, the Indonesian Government has implemented various schemes to enhance the effectiveness of exploration and exploitation activities in the oil and gas sector. Presently, efforts to boost oil and gas production involve reactivating idle wells, yet there is a regulatory gap concerning the transfer of this work to cooperation contract contractors. To address this, the study compares how Malaysia and countries in the Guinea Region, adopting green investment practices, manage idle wells. Employing a socio-legal methodology, the research draws on field research, legal sources, articles, journals, and related news. The findings highlight the crucial role of acknowledging the ongoing significance of oil and gas while recognizing the imperative to transition sustainably, exemplified by Indonesia's commitment and the potential application of the Production Sharing Contract (PSC) scheme in shaping the future of non-fossil energy sources in the realm of upstream oil and gas investment.
Co-Authors Amandha, Asyaffa Rizdqi Anitasari, Rahayu Fery Dina Silvia Puteri Pratomo, Nathanael Bayu Ajie Rahayu, Sang Ayu Putu