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Latest Columns Oil Tender

  • Oil & Gas Industry: Indonesia to offer Open Bid Split Tender Schemes

    Oil & Gas Industry: Indonesia to offer Open Bid Split Tender Schemes

    There is few interest from the private sector to participate in Indonesia's oil & gas block tenders. Besides Indonesia's unconducive investment climate (that includes weak government management, bureaucracy, an unclear regulatory framework and legal uncertainty), low global petroleum prices have also managed to curb investors' enthusiasm. In a bid to entice private investors the Indonesian government has decided to change the concept for oil & gas tenders in 2016 from a fixed revenue split to an open bid split scheme.

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  • Corruption Scandal: Head of SKK Migas Arrested on Alleged Bribery Charges

    Corruption Scandal: Head of SKK Migas Arrested on Alleged Bribery Charges

    Late on Tuesday evening (13/08), the Corruption Eradication Commission (KPK) arrested Rudi Rubiandini, head of the Upstream Oil and Gas regulatory special task force (SKK Migas) for allegedly accepting bribes amounting to USD $400,000 from Kernel Oil Pte Ltd, which is headquartered in Singapore. Four other people were also arrested in connection with this case. Rubiandini is currently being questioned by the KPK. The institution has one day to determine Rubiandini's legal status.

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