Old Well Management from Investment Law Perspective

Upstream oil and gas business activities are exploration exploitation carried out by cooperation contract contractors ( KKKS) in a work area with contract, which this case uses the type of PSC. In working space, part field is not cultivated KKKS, commonly called an Old Well. Factually Well management regulations still need amendments updates to developments, especially upstream contracts, have now been switched gross split This study adopted normative method, data sources drawn from primary secondary legal materials. Ultimately, it appropriate reasonable amend Wells, considering that continue develop undergo changes. Therefore, understanding old well scheme, line regulatory changes activities, essential. Furthermore, until now, what used operating (KSO) for management, but basically, model be direction Wells can meet needs all parties involved profit-sharing while meeting minimum clause requirements must following operational procedure guidelines (PTK) Wells. regard, government should consider using production-sharing (PSC) scheme manage wells