The Proposed BUK Migas Framework: Preliminary Observations
Introduction The proposed establishment of Badan Usaha Khusus Minyak dan Gas Bumi (BUK Migas) is one of the notable features of the Draft Oil and Gas Law currently under discussion. Whilst BUK Migas has attracted considerable attention from industry participants, its ultimate structure, functions and powers remain subject to the ongoing legislative process. At the…