Saturday, October 29, 2011


Being experienced as Business Lawyer  in the Oil Ventures in Indonesia is really quite an exiting experience. The difference being experienced as lawyer for Indonesian Local Oil Companies who is surviving and struggling to survive and being  lawyer serving legal services for Big Oil Foreign Companies is relating to the funding capability  in their Oil Business Venture.
  •   Even though we are in Indonesia, Indonesian Oil Companies who are operating in Indonesia starting from Exploration can be counted. Usually Indonesian Oil Companies who started venturing in the Oil Business in Indonesia started by acquiring ex-Oil Blogs, which had been sold by the Foreign Oil Companies which are already in the Exploitation and Producing stage.  By doing this the Indonesian Oil Companies can manage to show to the bankers that they have cash-in from the selling of the Crude oil for a certain period of time . 
There is also an Indonesian Oil Company who started in the Oil Ventures in Indonesia, after they had   experience running a Drilling Company, where they have already owned certain numbers of Rigs as well as cash in revenues which can be used as collateral for the repayment of their  loans to their Banks. This Oil Company was also formerly at the early stage Managed and Chaired by an Indonesian Expert Oil Top Leader namely John S Karamoy  who had experienced in running big Foreign Oil Company such as Stanvac  and Vico Indonesia,  who is now the founder of JME which my SACO Law Firm is presently in association with.
  • I am lucky enough to be experienced as an Indonesian Oil Lawyer who had assisted and were also being involved in reviewing the Sales Purchase Contracts of this ex Foreign Oil Blog acquired by said Indonesia Oil Company, when I founded and set up my Suleiman Agung & CO ( SACO Law Firm).  
Several contracts and transaction were prepared, which includes reviewing the Sale Purchase Stocks, Farm in and Farm Out, Joint Operating Agreement ( JOA), Legal Due Diligence, providing Legal Opinion. There are also Indonesian Oil Companies who are selling out certain percentage part their of their Participant Interests to other Oil Investors in order to remedy and balance their cash flows.      
  • In the oil business practices, if the Oil are still in below the ground however located already in the proven and exploitation stage, 1 (one) barrel  is usually valued to be USD1 dollar. If such oil is still located in the exploration stage however is located near by the structure of the exploitation stage shall be valued 30 cents United States Dollars
For the purpose of calculating the expected oil reserved,  a study is usually conducted by several expertise consultant to predict the volume of Crude Oil Reserves or Deposits  in a certain Oil Contract Area. This is usually detected by the Oil Reservoir Engineers and Geologist team. Accordingly, the Investors in the Oil Business have to be supported by these expertise engineers and chaired and Lead by the Expert Leader Management of such Oil Company. 
  • Such team have to be solid and having real experience in their fields combined with the operation team members as well as the Finance and Legal Expertise to team up such Solid Working Team. One of the significant element is that somebody has to be recognized by the Bankers or Financial Institutions who financed such Oil Ventures which is usually performed through the Holding Companies, but the Oil Company has to be headed by a Certain Expert Management Leader who is already recognized by said Bankers through his track records of his capability and ability to manage and make the Oil Business Operations succeed  in generating Cash-In,  through sustainable production and selling such Crude Oil to the Buyers in a commercial and bankable cash in for a certain period of time. 
In practice, members of the Participant  Interest Holder,  is usually more than one Company, which one of the member of the Investors must also have some self funding sources to back up the financing of the Oil Ventures in addition to the Funding from the Bankers, because in the early stage of the exploitation and producing, several new exploration wells within the Oil Block under the Contract Area of such PSC Contracts with BPMIGAS,  must also still be  founded  and drilled to be further developed for producing to maintain the sustain producing,  lifting and selling of the Crude Oil for the cash in.....      

Jakarta 29 October 2011 - Agung S.Suleiman Partner of  SACO LAW FIRM  
                                                                          in association with   JME


Wednesday, October 19, 2011

Snapshots Agss Law - SACO

If you are seeking for a Business Law Firm in Indonesia, with Partner who masters in the legal aspects of  Oil in Indonesia as well as Coal Mining, you better contact Agung S.Suleiman who is the Partner of  AgsS LAW - Saco  who had practiced and experience more than 30 Years in Indonesia, and had recently completed his mission and task in providing the legal services to protect and paves the way of an Oil Company in exploring, exploitation, production and had shipped its Crude Oil Product to the Buyers in Indonesia.  
  • This Law Firm not only provide Legal services, but  we frequently work with several professional Engineers and Management Team Group who are under the JME Group Division; who are ready and willing to assist you with a qualified team to make your business success. 

We are there to give you the professional services you need. Of course there are obstacles and bumpy roads that you have to face in the process of getting the Crude Oil out from its Deposits deep in the Ground, which is part of the name of the game in the Oil industries in Indonesia. At least, our team, have paved the way, for new investors to enter into the Oil Business, in collaboration with our Clients,  since Oil Business needs significant amount of funds for Capital Expenditure (Capex)  and Operating Expenditure (Opex), which  are needed to flow the Crude Oil from the Exploration Stages into the Exploitation and Productions Stage and ready to be shipped for Cash-In.  

So if you are interested to be success in conducting Oil and Coal Mining Venture in Indonesia, by receiving professional Legal Services, as well as Consultancy and Management Services in the Oil Sectors and Coal Mining Operations you may contact us anytime through our email :
 Jakarta, 19 October 2011
Agung S.Suleiman
AgsS LAW - Saco
in association with JME Group Division;

Drilling Rig

Drilling Rig
oil gas