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SKK MIGAS has issued the latest draft of the gross split production sharing contract (PSC) for the Indonesian 2018 oil and gas bid round.

We have prepared a summary of the differences between the gross split PSC and the conventional cost recovery PSC. Not surprisingly, the two documents are very similar – SKK MIGAS has essentially taken the conventional cost recovery PSC and replaced the cost recovery provisions with the various base split adjustments / sliding scale adjustments to be incorporated into the gross split regime.

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