Petroleum Agreement Sample Contracts
0n ……………/………………..2021 THIS PETROLEUM AGREEMENT is made and entered between THE GOVERNMENT OF THE REPUBLIC OF NAMIBIA MINISTRY OF MINES AND ENERGY (Herein represent by The Honorable Tom Alweendo in his capacity as the Minister of the Ministry of Mines...Petroleum Agreement • October 13th, 2022 • Elephant Oil Corp. • Crude petroleum & natural gas
WHEREAS all rights in relation to the exploration for, the production and disposal of, and the control over, Petroleum in or upon any Land in Namibia vest in the State;
EX-10.3 4 a2201620zex-10_3.htm EX-10.3 PETROLEUM AGREEMENT AMONG GOVERNMENT OF THE REPUBLIC OF GHANA GHANA NATIONAL PETROLEUM CORPORATION AND TULLOW GHANA LIMITED SABRE OIL AND GAS LIMITED KOSMOS ENERGY GHANA HC IN RESPECT OF THE DEEPWATER TANO...Petroleum Agreement • May 5th, 2020
THIS PETROLEUM AGREEMENT, made this day of 2006 by and among the Government of the Republic of Ghana (hereinafter referred to as “The State”), represented by the Minister for Energy (hereinafter referred to as the “Minister”), the Ghana National Petroleum Corporation, a public corporation established by Provisional National Defence Council Law 64 of 1983 (hereinafter referred to as “GNPC”), and Tullow Ghana Limited, a Jersey company (hereinafter referred to as “Tullow”), Sabre Oil and Gas Limited, a United Kingdom company (hereinafter referred to as “Sabre”) and Kosmos Energy Ghana HC, a Cayman Islands company (hereinafter referred to as “Kosmos”), (the three companies hereinafter collectively referred to as “Contractor”)
PETROLEUM AGREEMENT BY AND AMONGPetroleum Agreement • August 18th, 2020
PETROLEUM AGREEMENTPetroleum Agreement • April 21st, 2017
The OFFICE NATIONAL DES HYDROCARBURES ET DES MINESa public Moroccan establishment instituted by law n° 33-01 promulgated by dahir n 1-03-203 on the date of 16 Ramadan 1424 (November 11th, 2003) and implemented by decree n°2-04-372 on the date of 16 Kaada 1425 (December 29th, 2004), whose headquarter is at 5, Moulay Hassan Avenue B.P 99 - RABAT - MOROCCO, fiscal identification n° 330 4 540, Business Activity Tax n° 25112444, Trade Register n° 61 577, (hereinafter called “ONHYM”), acting on behalf of the Kingdom of Morocco (hereinafter called “the STATE”), herein represented by its General Director, Mme. Amina BENKHADRA;
CAMAC Energy Signs Petroleum Agreement for the Expanded Shallow Water Tano Block in GhanaPetroleum Agreement • May 11th, 2021
May 7, 2014 (Source: Marketwired) — CAMAC Energy Inc. (“CAMAC Energy”) (NYSE MKT: CAK) has signed a Petroleum Agreement with the Government of Ghana covering the Expanded Shallow Water Tano (ESWT) block located in the Tano Basin offshore Ghana, about 15-35 km off the coast of Ghana.
PETROLEUM AGREEMENT REGARDINGPetroleum Agreement • July 2nd, 2022
The OFFICE NATIONAL DES HYDROCARURES ET DES MINES, a public Moroccan public entity instituted by law n°33-01, promulgated by dahir n° 1-03-203 on the date of 16 Ramadan 1424 (11 November 2003) and implemented by decree n°2-04-372 on the date of the 16 Kaada 1425 (29 December 2004), whose headquarters are at 5, Avenue Moulay Hassan — BP 99, Rabat, Morocco, hereinafter referred to as “ONHYM”, acting on behalf of the Kingdom of Morocco, hereinafter called “the STATE”, herein represented by its General Director, Amina BENKHADRA;
PETROLEUM AGREEMENT REGARDINGPetroleum Agreement • November 22nd, 2022
The OFFICE NATIONAL DES HYDROCARBURES ET DES MINES, a public Moroccan establishment instituted by law n° 33-01 promulgated by dahir n°1-03-203 on the date of 16 Ramadan 1424 (November 11th, 2003) and implemented by decree n°2-04-372 on the date of 16 Kaada 1425 (December 29, 2004), whose headquarter is at 5, Moulay Hassan Avenue B.P 99 - RABAT - MOROCCO, fiscal identification n° 330 4 540, Patent n° 25112444, RC n° 61 577, (hereinafter called “ONHYM”), acting on behalf of the Kingdom of Morocco (hereinafter called “the STATE”), herein represented by its General Director, Mme. Amina BENKHADRA;
LOCAL UNION 170 PETROLEUM AGREEMENTPetroleum Agreement • April 19th, 2018
Petroleum AgreementPetroleum Agreement • June 26th, 2015 • England
Albpetrol Sh.A., a state company organised and existing under the laws of the Republic of Albania (hereinafter referred to as "Albpetrol")
Kosmos Energy: On Hydrocarbon Exploration Offshore Western SaharaPetroleum Agreement • December 5th, 2011
ADDENDUM II TO PETROLEUM AGREEMENTPetroleum Agreement • February 20th, 2020
Whereas the Government, Signet Petroleum Limited (“Signet”), Cricket Investments (Proprietary) Limited (“Cricket”) and Namcor had, on 17th June 2011, entered into a petroleum agreement (the “Agreement”) in respect of petroleum exploration licence PEL 0039, pertaining to Offshore Blocks 2913A and 29148 – Orange Basin;
CAMAC Energy Petroleum Agreement Ratified By Ghana ParliamentPetroleum Agreement • April 20th, 2024
HOUSTON, Texas – March 26, 2014 – CAMAC Energy Inc. (“CAMAC Energy”) (NYSE MKT: CAK) is pleased to announce the Parliament of the Republic of Ghana has ratified the Petroleum Agreement between the Government of the Republic of Ghana, Camac Energy Ghana Limited, the Ghana National Petroleum Corporation (GNPC), Base Energy Ghana Limited, and GNPC Exploration and Production Company Limited (GNPC Explorco) covering the Expanded Shallow Water Tano Block offshore Ghana in the Gulf of Guinea’s Tano Basin.
LOCAL UNION 170 PETROLEUM AGREEMENTPetroleum Agreement • October 26th, 2009
PETROLEUM (EXPLORATION AND PRODUCTION) LAW, 1984 (PNDCL 84)Petroleum Agreement • June 6th, 2022
DEEPWATER TANO/CAPE THREE POINTSPetroleum Agreement • December 8th, 2017
Contractor has completed appraisal and declared commerciality for Pecan, Almond and Beech oil discoveries. A conceptual development plan has been agreed on for reserves. The Contractor is currently undertaking FEED for subsea and FPSO development. The Contractor is yet to submit a formal PoD. The Contractor has raised certain issues in respect of the appraisal of the gas and gas condensate discoveries which are Hickory North and Paradise.
OFFSHORE CAPE THREE POINTS SOUTHPetroleum Agreement • December 8th, 2017
If deemed necessary by the Contractor as a result of reprocessing of seismic data within the Contract Area, the Contractor may acquire and reprocess new seismic data
CAMAC Energy Signs Petroleum Agreement for the Expanded Shallow Water Tano Block in GhanaPetroleum Agreement • May 8th, 2014
HOUSTON, Texas – May 7, 2014 - CAMAC Energy Inc. (“CAMAC Energy”) (NYSE MKT: CAK) has signed a Petroleum Agreement with the Government of Ghana covering the Expanded Shallow Water Tano (ESWT) block located in the Tano Basin offshore Ghana, about 15-35 km off the coast of Ghana.
PETROLEUM AGREEMENT REGARDING THE EXPLORATION FOR AND EXPLOITATION OF HYDROCARBONS AMONG OFFICE NATIONAL DES HYDROCARBURES ET DES MINES ACTING ON BEHALF OF THE KINGDOM OF MOROCCO AND KOSMOS ENERGY DEEPWATER MOROCCO AND PATHFINDER HYDROCARBON VENTURES...Petroleum Agreement • November 5th, 2013 • Kosmos Energy Ltd. • Crude petroleum & natural gas
The OFFICE NATIONAL DES HYDROCARBURES ET DES MINES, a public Moroccan establishment instituted by law n° 33-01 promulgated by dahir n°1-03-203 on the date of 16 Ramadan 1424 (November 11th, 2003) and implemented by decree n°2-04-372 on the date of 16 Kaada 1425 (December 29th, 2004), whose headquarter is at 5, Moulay Hassan Avenue B.P 99 - RABAT - MOROCCO, (hereinafter called “ONHYM”), acting on behalf of the Kingdom of Morocco (hereinafter called “the STATE”), herein represented by its General Director, Mme. Amina BENKHADRA;
ContractPetroleum Agreement • February 28th, 2023
PETROLEUM AGREEMENT BETWEENPetroleum Agreement • May 14th, 2013
NOW, THEREFORE, in consideration of the premises and covenants and conditions herein contained, IT IS HEREBY AGREED between the Parties as follows:
South Deepwater Tano Petroleum Agreement ratified, drilling to commence imminentlyPetroleum Agreement • September 9th, 2021
There has been a lot of public interest in the recent weeks relating to the oil and gas industry in Ghana and in particular AGM, the operator in the SDWT block. Questions have also been raised about benefits to the people of Ghana.
PETROLEUM AGREEMENT REGARDING THE EXPLORATION FOR AND EXPLOITATION OF HYDROCARBONS AMONG OFFICE NATIONAL DES HYDROCARBURES ET DES MINES ACTING ON BEHALF OF THE KINGDOM OF MOROCCO AND KOSMOS ENERGY DEEPWATER MOROCCO AND CANAMENS ENERGY MOROCCO SARL IN...Petroleum Agreement • November 5th, 2013 • Kosmos Energy Ltd. • Crude petroleum & natural gas
OFFICE NATIONAL DES HYDROCARBURES ET DES MINES, a public Moroccan establishment instituted by law n° 33-01 promulgated by dahir n°1-03-203 on the date of 16 Ramadan 1424 (November 11th, 2003) and implemented by decree n°2-04-372 on the date of 16 Kaada 1425 (December 29th, 2004), whose headquarter is at 5, Moulay Hassan Avenue B.P 99 - RABAT - MOROCCO, (hereinafter called “ONHYM”), acting on behalf of the Kingdom of Morocco (hereinafter called “the STATE”), herein represented by its General Director, Mme. Amina BENKHADRA;
ADDENDUM TO PETROLEUM AGREEMENT entered into betweenPetroleum Agreement • March 1st, 2019 • Kosmos Energy Ltd. • Crude petroleum & natural gas
Whereas the Government, Signet Petroleum Limited (“Signet”), Cricket Investments (Proprietary) Limited (“Cricket”) and Namcor had, on 17th June 2011, entered into a petroleum agreement (the “Agreement”) in respect of petroleum exploration licence PEL 0039, pertaining to Offshore Blocks 2913A and 29148 – Orange Basin;
PETROLEUM AGREEMENT REGARDING THE EXPLORATION FOR AND EXPLOITATION OF HYDROCARBONS BETWEEN OFFICE NATIONAL DES HYDROCARBURES ET DES MINES ACTING ON BEHALF OF THE STATE AND KOSMOS ENERGY OFFSHORE MOROCCO HC IN THE AREA OF INTEREST NAMEDPetroleum Agreement • November 5th, 2013 • Kosmos Energy Ltd. • Crude petroleum & natural gas
The OFFICE NATIONAL DES HYDROCARURES ET DES MINES, hereinafter referred to as “ONHYM”, a public Moroccan entity instituted by law n°33-01, promulgated by dahir n° 1-03-203 on the date of 16 Ramadan 1424 (11 November 2003) and implemented by decree n°2-04-372 on the date of the 16 Kaada 1425 (29th December 2004), whose headquarters are at 5, Avenue Moulay Hassan — BP 99, Rabat, Morocco, hereinafter referred to as “ONHYM”, acting on behalf of the Kingdom of Morocco, hereinafter called “the STATE”, herein represented by its General Director, Mme. Amina BENKHADRA;
PETROLEUM AGREEMENT BETWEEN THE GOVERNMENT OF THE REPUBLIC OF NAMIBIA AND NIIKELA EXPLORATION (PTY) LTD AND ELEPHANT OIL LTD AND NAMCOR E&P EXPLORATION AND PRODUCTION (PTY) LTD BLOCK 1919 THIS PETROLEUM AGREEMENT is made and entered between THE...Petroleum Agreement • August 12th, 2022 • Elephant Oil Corp. • Crude petroleum & natural gas
WHEREAS all rights in relation to the exploration for, the production and disposal of, and the control over, Petroleum in or upon any Land in Namibia vest in the State;
PETROLEUM AGREEMENT In THE KINGDOM OF CAMBODIAPetroleum Agreement • February 4th, 2009
ANNEXURE I – COORDINATES OF THE CONTRACT AREA ANNEXURE II – MAP OF THE CONTRACT AREA (BLOCK XXX) ANNEXURE III – ADDITION DEFINITIONS
PETROLEUM AGREEMENTPetroleum Agreement • March 10th, 2019
The Revolutionary Government of Zanzibar (hereinafter referred to as the “Government”) represented for the purpose of this agreement by the Minister responsible for Petroleum (hereinafter referred to as the “Minister”);
PETROLEUM AGREEMENTPetroleum Agreement • November 7th, 2016 • Kosmos Energy Ltd. • Crude petroleum & natural gas
The OFFICE NATIONAL DES HYDROCARURES ET DES MINES, hereinafter referred to as “ONHYM”, a public Moroccan entity instituted by law n°33-01, promulgated by dahir n° 1-03-203 on the date of 16 Ramadan 1424 (11 November 2003) and implemented by decree n°2-04-372 on the date of the 16 Kaada 1425 (29 December 2004), whose registered office is at 5, Avenue Moulay Hassan – BP 99, Rabat, Morocco, acting on behalf of the Kingdom of Morocco, hereinafter called “the STATE”, herein represented by its General Director, Mme. Amina BENKHADRA;
Answer-to-Question-_1_Part APetroleum Agreement • June 9th, 2022
Petroleum agreements take various forms depending on the jurisdiction in which the IOC intends to invest in. These are agreements are mostly structured in a manner that ensures the host government maximises the wealth it can yield from its minerals resources based on sustainable development goals for that state. In the same manner IOCs try to ensure that the agreements are structured in a manner that maximises shareholder wealth through maximum profits but with the least cost possible. The three types are discussed below.
The Petroleum Agreement signed between PETRONAS and the State Government of Sabah.Petroleum Agreement • August 20th, 2012 • Sabah
DEEPWATER CAPE THREE POINTS WESTPetroleum Agreement • December 8th, 2017
Undertaken geological studies (identified Leads and prospects in Cenomanian, Turonian and Campanian based on preliminary seismic interpretation)
SHALLOW WATER CAPE THREE POINTSPetroleum Agreement • December 8th, 2017
Sahara signed a seismic agreement with the state on December 3, 2008 to acquire, process and interpret a minimum of 1,000 sq. km of 3D. Approximately 1254 sq. km of 3D seismic was acquired over the block in 2009, and subsequently processed and interpreted. On this basis, Sahara had the right of first refusal to apply for E&P rights over the block.
Petroleum Agreement among Government of the Republic of Ghana, Ghana National Petroleum Corporation, GNPC Exploration and Production Company Limited and AGM Petroleum Ghana LTD in respect of the South Deepwater Tano Contract AreaPetroleum Agreement • June 13th, 2014
This simplified analysis of the Petroleum Agreement between the Government of Ghana and AGM Petroleum Ghana approved by Parliament in late 2013; is intended at providing Ghanaian citizens with relevant information on the petroleum contracts entered into by the Government. The analysis it is hoped will increase public understanding of contracts and contractual relationship between the Government and Oil companies. Petroleum Contracts are very complex to understand and are often formulated in legal and financial language which is not easily appreciated by citizens. As primary owners of Ghana’s petroleum resources, this simplified analysis will deepen public accountability by increasing public participation in the debate on petroleum contracts as well as in monitoring the commitment of Government and the Oil Companies. The provisions on fiscal terms in particular will help the public predict the potential fiscal contributions from petroleum contracts and demand proper use of the resources
GHANA’S NEW PETROLEUM AGREEMENTS SHOW MAJOR IMPROVEMENTS AS RISKS LEVELS REDUCE – THE CASES OF GHANA-AGM AND GHANA- COLA/MEDEA PETROLEUM AGREEMENTS1Petroleum Agreement • June 13th, 2014