The sharing is made on production, not on profit. The contract application is under the laws, decrees, regulations, decisions, etc. of the Republic of Indonesia. The participating interest of the Contractors is subject to the same terms and split as used in the current PSCs. JOC approves Work Program and Budget and holds the policies.
Primary production is determined for each production zone and is agreed prior to contract signing.
The initial two-year contract is allowed for the pilot phase, after which, the full EOR project will commence. Shareable crude is crude other than the primary crude. Cost of equipment and services for the primary crude will be defined part of operating cost.