Journal of Social Research
Vol. 3 No. 12 (2024): Journal of Social Research

Reconstruction of Abandonment and Site Restoration (ASR) Regulations to Create a Conducive Investment Climate in the Oil and Gas Sector

sumartono, Sumartono (Unknown)
riswadi, Riswadi (Unknown)



Article Info

Publish Date
30 Nov 2024

Abstract

The reorientation of policies related to Abandonment and Site Restoration (ASR) in the oil and gas industry is an important step to ensure environmental sustainability post-operation. This research aims to evaluate the implementation of ASR policies in Indonesia, regulated under Law No. 22 of 2001 on Oil and Gas and Government Regulation No. 27 of 2012 concerning Environmental Permits. The methodology used includes qualitative analysis of existing regulations, in-depth interviews with stakeholders in the oil and gas sector, and case studies of several companies that have implemented ASR practices. By focusing on the aspect of corporate responsibility in site recovery after operational activities, this research identifies the challenges faced by businesses in implementing sustainable ASR practices. The findings indicate the need for a review of existing regulations to align with sustainability principles and environmental protection. Recommendations for policy improvement include strengthening oversight, developing clear technical guidelines, and increasing local community engagement in the restoration process. It is expected that this policy reorientation can enhance corporate accountability and protect the environment, providing positive impacts for communities and ecosystems surrounding operational sites.

Copyrights © 2024






Journal Info

Abbrev

ijsr

Publisher

Subject

Humanities Computer Science & IT Economics, Econometrics & Finance Education Social Sciences

Description

The Journal of Social Research is a double blind peer-reviewed academic journal and open access to social and scientific fields. The journal is published monthly by International Journal Labs. The Journal of Social Research provides a means for sustained discussion of relevant issues that fall ...