The Green Investment Effect on the Regulation of Idle Well Management Cooperation Contract Schemes
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 effect...
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| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Universitas Negeri Semarang
2024-12-01
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| Series: | Journal of Law and Legal Reform |
| Subjects: | |
| Online Access: | https://journal.unnes.ac.id/journals/jllr/article/view/4481 |
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| _version_ | 1823856647001341952 |
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| author | Sang Ayu Putu Rahayu Rahayu Fery Anitasari Dina Silvia Puteri Nathanael Bayu Ajie Pratomo Anak Agung Ayu Diah Setyawati |
| author_facet | Sang Ayu Putu Rahayu Rahayu Fery Anitasari Dina Silvia Puteri Nathanael Bayu Ajie Pratomo Anak Agung Ayu Diah Setyawati |
| author_sort | Sang Ayu Putu Rahayu |
| collection | DOAJ |
| description | 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. |
| format | Article |
| id | doaj-art-26a6253d9618466a92f1155da8add34d |
| institution | Kabale University |
| issn | 2715-0941 2715-0968 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | Universitas Negeri Semarang |
| record_format | Article |
| series | Journal of Law and Legal Reform |
| spelling | doaj-art-26a6253d9618466a92f1155da8add34d2025-02-12T05:42:30ZengUniversitas Negeri SemarangJournal of Law and Legal Reform2715-09412715-09682024-12-01541763179210.15294/jllr.v5i4.44814486The Green Investment Effect on the Regulation of Idle Well Management Cooperation Contract SchemesSang Ayu Putu Rahayu0https://orcid.org/0000-0001-6409-063XRahayu Fery Anitasari1https://orcid.org/0000-0001-9650-9685Dina Silvia Puteri2https://orcid.org/0009-0007-6984-5975Nathanael Bayu Ajie Pratomo3https://orcid.org/0009-0004-3679-0136Anak Agung Ayu Diah Setyawati4https://orcid.org/0000-0002-8507-5399Faculty of Law, Universitas Negeri SemarangFaculty of Law, Universitas Negeri SemarangFaculty of Law, Universitas Negeri SemarangDepartment of Public Governance, Tilburg UniversityFaculty of Law, Universitas Negeri SemarangThis 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.https://journal.unnes.ac.id/journals/jllr/article/view/4481green investmentidle wellupstream oil and gas |
| spellingShingle | Sang Ayu Putu Rahayu Rahayu Fery Anitasari Dina Silvia Puteri Nathanael Bayu Ajie Pratomo Anak Agung Ayu Diah Setyawati The Green Investment Effect on the Regulation of Idle Well Management Cooperation Contract Schemes Journal of Law and Legal Reform green investment idle well upstream oil and gas |
| title | The Green Investment Effect on the Regulation of Idle Well Management Cooperation Contract Schemes |
| title_full | The Green Investment Effect on the Regulation of Idle Well Management Cooperation Contract Schemes |
| title_fullStr | The Green Investment Effect on the Regulation of Idle Well Management Cooperation Contract Schemes |
| title_full_unstemmed | The Green Investment Effect on the Regulation of Idle Well Management Cooperation Contract Schemes |
| title_short | The Green Investment Effect on the Regulation of Idle Well Management Cooperation Contract Schemes |
| title_sort | green investment effect on the regulation of idle well management cooperation contract schemes |
| topic | green investment idle well upstream oil and gas |
| url | https://journal.unnes.ac.id/journals/jllr/article/view/4481 |
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