BADAN PELAKSANA
KEGIATAN USAHA HULU MINYAK DAN GAS BUMI (Executive Agency for Upstream Oil and Gas Activity) In order to give law base to the renewal and reconstruction of the agency for upstream oil and gas activity, Government has determined Act No.22/2001 in relation to oil and gas on 23 November 2001. Since Act No.22/2001 on 23 November 2001 concerning oil and gas and Government Regulation No.42/2002 on 16 July 2002 concerning BP MIGAS have been determined, the matter of supervising and establishing Cooperation Contract or Productions Sharing Contract activity which previously done by PERTAMINA is now done by BP MIGAS. In those Acts above it is affirmed that oil and gas are strategic irreplaceable
natural resources which contained in Indonesian Mining Law Area are nasional
wealth controlled by the state. The statecontrol is held by the Government
as a Mining Authority holder. Furthermore, Government forms Executive Body
to manage the Upstream Activity in Oil and Gas field. |