Common Contracts

AGREEMENT FOR

Agreement • January 22nd, 2001 • Bissau

• Contract Type
  Agreement
• Filed
  January 22nd, 2001
• Jurisdiction
  Bissau

INDEX Article Title Page AGREEMENT 3 PREAMBLE 4 1. OBJECT OF THE AGREEMENT 5 2. DEFINITIONS 6 3. EXPLORATION TERM AND RELINQUISHMENTS 9 4. JOINT VENTURE PARTICIPATION 10 5. MANAGEMENT COMMITTEE 11 6. OPERATOR 13 7. PROGRAMME AND BUDGETS 16 8. SOLE RISK 19 9. APPRAISAL PROGRAMME AND COMMERCIAL DISCOVERY 27 10. DEVELOPMENT PLAN AND EXPLOITATION 28 11. DISPOSAL OF PRODUCTION 29 12. UNITISATION 31 13. GAS HYDROCARBONS 32 14. TRANSPORT OF PETROLEUM 33 15. BONUS AND ROYALTY 34 16. INCOME TAX 35 17. FINANCIAL PROVISIONS 36 18. ASSIGNMENT OF INTEREST 38 19. TAX ON CONTRACTORS AND THEIR EMPLOYEES 39 20. OWNERSHIP OF MATERIAL AND EQUIPMENT 41 21. EMPLOYMENT OF NATIONALS AND TRAINING 42 22. PURCHASE OF LOCAL GOODS AND SERVICES 43 23. WITHDRAWAL 44 24. DEFAULT 45 25. BOOKS, ACCOUNTS AND AUDIT 46 26. LIABILITY AND INSURANCE 47 27. CONFIDENTIALITY 48 28. RIGHT OF REQUISITION OF THE GOVERNMENT 50 29. FORCE MAJEURE 51 30. GOVERNING LAW AND SETTLEMENT OF DISPUTES 52 31. GENERAL PROVISIONS 53