Arbitration and dispute resolution
Disputes, if any, arising between Pertamina and Saba Jatiluhur Limited relating to this contract or the interpretation and performance of...
Audit mechanisms - financial obligations
Saba Jatiluhur Limited shall comply with the requirements of the tax law in particular with respect to filing of returns,...
Bonuses
Saba Jatiluhur Limited shall pay to Pertamina:
- US$ 1,000,000 within 30 days after cumulative petroleum production from the contract area...
Confidentiality
Saba Jatiluhur Limited shall not disclose geological, geophysical, petrophysical, engineering, well logs and completion, status reports and any other data...
Environmental impact assessment and management plan
Saba Jatiluhur Limited and Pertamina, through the joint operating body (JOB), shall conduct an environmental baseline assessment at the beginning...
Environmental protections
Saba Jatiluhur Limited and Pertamina, through the joint operating body (JOB), shall take the necessary precautions for protection of ecological...
Governing law
The laws of the Republic of Indonesia shall apply to this contract. No term or provision of this contract, including...
Income tax: other
Pertamina shall not be obliged to pay Saba Jatiluhur Limited's income tax and the final tax on profits after tax...
Income tax: rate
Saba Jatiluhur Limited shall pay to the government the income tax and the final tax on profit after tax deduction...
Local employment
Saba Jatiluhur Limited and Pertamina, through the joint operating body (JOB), shall employ qualified Indonesian personnel in its operations
Local procurement
Saba Jatiluhur Limited and Pertamina, through the joint operating body (JOB), shall give preference to such goods and services which...
Other - financial/fiscal
Saba Jatiluhur Limited may recover an investment credit amounting to 15.7800% of the capital investment cost directly required for developing...
Other - operational
Saba Jatiluhur Limited shall after commercial production commences, fulfill its obligations towards the supply of the domestic market in Indonesia.
Any...
Production Share - Cost Oil features (basis of calculation, limits on cost recovery - e.g. as % of revenue or production, capex uplift, etc.)
Saba Jatiluhur Limited will recover its participating interest share of all operating costs out of the sale proceeds or other...
Production Share - "Profit Oil features (triggers for variations in split - IRR, factor, production, etc .)
Each year, Saba Jatiluhur Limited and Pertamina shall be entitled to take the following out of Saba Jatiluhur Limited’s participating...
Royalties
Saba Jatiluhur Limited and Pertamina shall be entitled to first take and receive each year a quantity of petroleum of...
State agency, national company or ministry executing the document
Perusahaan Pertambangan Minyak Dan Gas Bumi Negera (Pertamina)
State participation
Pertamina shall have the right to demand from Saba Jatiluhur Limited that a 7.5% undivided interest in the total rights...
Training
Saba Jatiluhur Limited and Pertamina, through the joint operating body (JOB), shall prepare and carry out plans and programs for...
Work and investment commitments
The amount to be spent and the program to be carried out in conducting petroleum operations during the first 6...
Country
Indonesia
Signature Year
1997
Resource
Hydrocarbons
Type of Contract
Production or Profit Sharing Agreement
Open Contracting Identifier
ocds-591adf-0987434231
Disclosure Mode
Security exchange
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