May 2025
The 14th edition of the guide provides updates on recent tax, regulatory, and commercial changes, focusing on Indonesia's energy transition. It explores the evolving global energy landscape, policy frameworks, and the integration of renewable energy sources like solar and wind into existing oil and gas infrastructure. The guide emphasises the importance of energy efficiency in reducing carbon emissions and highlights the development of Carbon Capture and Storage (CCS) technologies as a promising solution for mitigating emissions from fossil fuel industries, contributing to global climate change efforts.
May 2024
In recent years, we have witnessed a rapid transformation in the macroeconomic landscape, with sustainability taking centre-stage. However, this shift in focus presents a challenge, as many countries still heavily rely on fossil fuels for their energy needs and daily necessities, including petrochemical products. Recognising the need to balance sustainability with energy and petrochemical product demand, the investment climate for oil and gas has become even more crucial. In response, the Indonesian government has implemented alternative solutions, such as the establishment of a carbon credit market to promote emission offsetting. Additionally, there is a growing emphasis on carbon capture & storage (CCS) as a prominent solution, given Indonesia’s immense potential in this area. These initiatives align with the government’s broader focus on energy transition, aiming to strike a balance between energy demand and economic growth, and the country’s commitment to achieving net-zero emissions by 2060.
This edition of the guide focuses on updating readers on the latest tax, regulatory and commercial changes since our previous edition, with a deep dive into the energy transition in Indonesia.
May 2025
PwC Indonesia recently released its updated Indonesian Oil and Gas Concessions and Infrastructure Map.
The map provides information on 267 oil and gas blocks by operator (including Government blocks); the operator name, location, block name and contract type. Additional information on major oil and gas infrastructure across Indonesia is also presented on the map.
Please fill out the form here to obtain a hard copy of the map.
July 2023
Over the past three years, the COVID-19 pandemic and geopolitical instability from the Russia-Ukraine conflict, energy supply disruption and price volatility resulted in an unpredictable macroeconomic situation. The uncertainty has highlighted the "energy trilemma", with the competing interests of energy supply, affordability and environmental sustainability causing energy companies and governments across the world to re-think their net zero strategies. This edition of the guide focuses on updating readers on the latest tax, regulatory and commercial changes since our previous edition, with a brief update on the energy transition in Indonesia.
February 2021
As we write, the world still finds itself in the midst of the COVID-19 pandemic, and so we have decided not to do a full update of our Guide, but rather to focus only on the latest tax and regulatory changes that have occurred from when we issued our last Guide in the last quarter of 2019 up to the end of the third quarter of 2020. The updates have been provided in the form of a summary of changes presented at the beginning of each section. The impact of the COVID-19 pandemic and uncertainty in the macroeconomic situation are the biggest concerns for stakeholders in the oil and gas industry in Indonesia similar to their counterparts around the world. We have attempted to summarise the changes in key regulations the Government of Indonesia has issued as a response in these uncertain times.
2020
Even before the outbreak of the COVID-19 pandemic, the energy industry had been undergoing profound technological disruption. The “fracking revolution”, the rise of renewable energy, improvements in battery storage, a strong push for a hydrogen economy and the electrification of transport represent opportunities for transformation as well as a fundamental competitive threat. These new technologies – combined with digitization – can bring new skill sets and cost efficiencies to the energy, utilities and resources (EU&R) sector, even before they open the door to new competitors. Seen in this context, COVID-19 represents one more challenge in the complex set of issues the EU&R sector has already been grappling with.
2020
The oil and gas sector is making significant strides in digitization. After a few years of carrying out small-scale pilots, a number of oil companies are now leading the way. They have recruited chief digital officers, have designed digital strategies and established business units to promote them, have partnered with technology firms, and are striving to create a culture that nurtures new ways of working. We are witnessing a proliferation of technologies being deployed in the field, whether it’s the use of so-called digital twins to optimize production or drones carrying out offshore inspections.
September 2019
This 10th edition of the PwC Indonesia "Oil and Gas in Indonesia - Investment and Taxation Guide" released in September 2019 outlines the latest tax and regulatory changes that have occurred in the oil and gas industry over recent years, including our views on recent regulatory developments surrounding the new “Gross Split” PSCs.
May 2018
This 9th edition of the PwC Indonesia "Oil and Gas in Indonesia - Investment and Taxation Guide" released in May 2018 captures the latest tax and regulatory updates that have occurred in the oil and gas industry over the past year, including our early views on the new "Gross Split" PSCs.
The development of the oil and gas industry in Indonesia has been successful in many areas, including the pioneering of the Production Sharing Contract (PSC) model and the commercialisation of Liquefied Natural Gas (LNG). However, oil production has waned over recent years, with Indonesia's production and opportunity profile moving steadily away from oil and towards gas - a trend which is likely to continue.
May 2017
Investment and Taxation Guide ─ 8th edition
The eighth edition of PwC Indonesia Oil and Gas in Indonesia ─ Investment and Taxation Guide 2017 captures the latest tax and regulatory changes that have occurred in the oil and gas industry during the past two years. Oil and gas production has a long and relatively successful history in Indonesia, with the sector historically characterized by its relatively stable and well-understood regulatory framework. In many years, including the development of the Production Sharing Contract (PSC) model and the commercialization of Liquefied Natural Gas (LNG), Indonesia has been an international pioneer.
May 2016
Investment and Taxation Guide – 7th edition
The 7th edition captures the latest tax and regulatory changes that have occurred in the oil and gas industry during the past two years.
The industry is arguably now in a transitional phase, with a growing domestic need for gas (both for consumers and industrial use), the commencement of LNG imports and the construction of further LNG regasification units - all amid chronically low crude oil prices. Indonesia’s production and opportunity profile has also moved steadily away from oil and towards gas - a trend which may ultimately represent a permanent shift. In short, the age of relative stability in this sector has probably passed. The pace of change is likely only to accelerate. It is hoped that this guide will provide readers with the information necessary to better understand these dynamics.
May 2016
An investor survey of the Indonesian oil and gas industry - 8th edition
This is the eighth edition of our survey of the Indonesian oil and gas industry. The purpose of the survey is to help inform the public and private sectors about Indonesia’s petroleum industry and to highlight some of the challenges in attracting optimal investment and achieving its full potential. Where possible, we have compared current results with the results from prior surveys to highlight trends and to assess whether conditions are deteriorating or improving.
February 2016
Global demand for affordable, reliable energy will continue to grow for the foreseeable future, but there is a new longer-term backdrop as the world transitions to a low carbon system. Companies in the oil and gas sector need to reconsider their portfolio and related capabilities to not only survive, but thrive, in this new future.
May 2015
An investor survey of the Indonesian oil and gas industry – May 2015
This is the seventh edition of our survey of the Indonesian oil and gas industry, and where applicable we have analyzed the collective trends in survey participants’ responses using the current and prior reports. The survey responses come from 95 respondents from 75 different companies currently operating in the Indonesian oil and gas sector and therefore can be used to draw credible conclusions about the issues preventing the industry from reaching its full potential.
An investor survey of the Indonesian oil and gas industry – May 2014
May 2014
Investment and Taxation Guide – 6th edition
The 6th edition captures the latest tax and regulatory changes that have occurred in the oil and gas industry during the past two years. In particular, this edition covers the most recent developments related to GR 79, land and building tax and the new negative investment list. This publication has been written as a general investment and taxation tool for all stakeholders and those interested in the oil and gas sector in Indonesia. We have therefore endeavoured to create a publication which can be of use to existing investors, potential investors, and others who might have a more casual interest in the status of this important sector in Indonesia.
As outlined on the contents page, this publication is broken into chapters which cover the following broad topics: