The new Oil and Gas law shall be designed to be able adapting with millenial era's demands. Global data exchange within this industrial technology revolution 4.0 or the further steps, for example. It has its own protocols and rulings. Having stiff regulation and nationalism protection within the industry will only decrease our competitive and innovative powers amidst the world that keeps moving forward exponentially. This is the time when the wisdom, statemanship, and vision of our legislators and stakeholders are called on and put into test.Â
The incoming Oil and Gas Law should contain much more substantial contents. There must be a clear demarcation between the domains of government and business. That applies in the same manner to the context of licensing, technical and environmental standardization, as well as the institutional management.Â
It shall be clear, measurable, and provides certainty. Overlapping of authority must be avoided. Authority and responsibility description of the regulator, mining authority, and the contractor hs to be distinct. By taking into account the characteristics and typicality of different industries, presumably the Law of Financial Services Authority might be able to be used as reference model.Â
Jakarta, February 2019Â
Author -- Practitioner of the Energy Society
Indonesian version published in Media Indonesia 8 Pebruary 2019 under the title " Penyelarasan Undang undang Migas dengan Undang Undang Energi"
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