LICENSE CONTRACT MODEL FOR HYDROCARBON EXPLORATION AND EXPLOITATIONLicense Contract for Hydrocarbon Exploration and Exploitation • May 11th, 2010
Contract Type FiledMay 11th, 2010PRELIMINARY CLAUSE GENERAL POINTS CLAUSE ONE DEFINITIONS CLAUSE TWO PURPOSE OF THE CONTRACT CLAUSE THREE TERM, CONDITIONS & GUARANTY CLAUSE FOUR EXPLORATION CLAUSE FIVE EXPLOITATION CLAUSE SIX. SUBMISSION OF INFORMATION & STUDIES CLAUSE SEVEN SUPERVISION COMMITTEE CLAUSE EIGHT ROYALTY & VALUATION CLAUSE NINE TAXES CLAUSE TEN CUSTOMS DUTIES CLAUSE ELEVEN FINANCIAL RIGHTS CLAUSE TWELVE EMPLOYEES CLAUSE THIRTEEN ENVIRONMENTAL PROTECTION AND COMMUNITY RELATIONS CLAUSE FOURTEEN CONSERVATION OF HYDROCARBONS & LOSS PREVENTION CLAUSE FIFTEEN TRAINING & TECHNOLOGY TRANSFER CLAUSE SIXTEEN ASSIGNMENT AND ASSOCIATION CLAUSE SEVENTEEN ACT OF GOD OR FORCE MAJEURE CLAUSE EIGHTEEN ACCOUNTING CLAUSE NINETEEN MISCELLANEOUS CLAUSE TWENTY NOTICES & COMMUNICATIONS CLAUSE TWENTY-ONE SUBMISSION TO PERUVIAN LAW AND DISPUTES RESOLUTION CLAUSE TWENTY-TWO TERMINATION APPENDIX "A" DESCRIPTION OF CONTRACT AREA APPENDIX “B” MAP OF CONTRACT AREA APPENDIX "C-1" a "C-X" LETTERS OF GUARANTEE FOR THE MINIMUM WORK PROGRA