SSEK has been recognized in Asian-MENA Counsel’s Deals of the Year 2018 for our work advising on the formation of the Indonesian Oil and Gas Holding SOE, a US$4 billion deal that resulted in the creation of Indonesia’s largest state-owned holding company.
SSEK worked on this two-stage deal since 2012. We represented the Indonesian Ministry of State-Owned Enterprises in the first stage of the deal, and then acted for PT Pertamina, the Indonesian state-owned oil and natural gas corporation, in the second stage.
The Oil and Gas Holding SOE is intended to synergize and enhance the efficiency of the gas business in Indonesia. During the closing of the deal, the Deputy for Mining, Strategic Industries and Media at the Indonesian Ministry of State-Owned Enterprises, Mr. Fajar Harry Sampurno, was quoted as saying, “The Oil and Gas Holding SOE is the largest state capital participation in the history of the GOI, amounting to a total of IDR 58 trillion.”
Asian-MENA Counsel is the publication of In-House Community, a community of more than 21,000 individual in-house lawyers and those with a responsibility for legal and compliance issues within an organization in Asia and the Middle East. Asian-MENA Counsel is published by Pacific Business Press.