Indonesia - 06

Indonesia: SKK Migas’ Revised Subcontract Requirements: Costs and Benefits for IOCs

Over the past several months, many IOCs operating in Indonesia have complained privately and to SKK Migas about a new provision enacted by SKK Migas Chairman Amien Sunaryadi that makes them financially liable for cost overruns by the subcontractors. Shortly after being appointed as the head of SKK Migas late last year, Sunaryadi realized that the limitations placed on IOCs’ ability to award small subcontracts directly were inefficient.

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