Proceedings of The International Conference on Environmental and Technology of Law, Business and Education on Post Covid 19, ICETLAWBE 2020, 26 September 2020, Bandar Lampung, Indonesia

Research Article

The Implementing of Participating Interest through Local Owned Enterprises in Sampang – Indonesia

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  • @INPROCEEDINGS{10.4108/eai.26-9-2020.2302711,
        author={Indra  Yulianingsih and Encik Muhammad Fauzan and Yudi  Harimurti and Azizah  Azizah},
        title={The  Implementing of Participating Interest through Local Owned Enterprises in Sampang -- Indonesia   },
        proceedings={Proceedings of The International Conference on Environmental and Technology of Law, Business and Education on Post Covid 19, ICETLAWBE 2020, 26 September 2020, Bandar Lampung, Indonesia},
        publisher={EAI},
        proceedings_a={ICETLAWBE},
        year={2020},
        month={12},
        keywords={participating interest local owned enterprise gsm ltd},
        doi={10.4108/eai.26-9-2020.2302711}
    }
    
  • Indra Yulianingsih
    Encik Muhammad Fauzan
    Yudi Harimurti
    Azizah Azizah
    Year: 2020
    The Implementing of Participating Interest through Local Owned Enterprises in Sampang – Indonesia
    ICETLAWBE
    EAI
    DOI: 10.4108/eai.26-9-2020.2302711
Indra Yulianingsih1,*, Encik Muhammad Fauzan1, Yudi Harimurti1, Azizah Azizah1
  • 1: Universitas Trunojoyo Madura, Indonesia
*Contact email: indra.yulianingsih@trunojoyo.ac.id

Abstract

Indonesian Government grants participating interest (PI) toward local government in capitalizing oil and gas exploitation, where areas have oil and gas exploitation blocks. The PI is set by the central government at 10%. This research examines what is the form and regulation of the local government in participating interest in participating?. This research is a doctrinal legal research which has the aim of knowing the implementation of participating interest in Sampang Regency. Sampang Regency was used as the research location because it has oil and gas blocks in the waters of Sampang Regency. The results of this study indicate that participating interest in Sampang Regency is carried out by local owned enterprises, namely limited liability company of Geliat Sampang Mandiri (GSM Ltd). This company was formed through the Sampang Regency Local Laws Number 9 Year 2019. This laws for taking part in its participating interest.