Arbitration and dispute resolution
If a dispute arises between the Timor Sea Designated Authority and Minza Oil & Gas Limited relating to the interpretation...
Audit mechanisms - financial obligations
The Timor Sea Designated Authority may require, at Minza Oil & Gas Limited's cost, an independent audit
(starting, except in the...
Confidentiality
Except with the consent of the designated authority, or as required by law or the rules of a recognized stock...
Environmental impact assessment and management plan
Within 3 months of the effective date, Minza Oil & Gas Limited shall submit to the Timor Sea Designated Authority,...
Environmental protections
Minza Oil & Gas Limited shall carry out petroleum operations to:
- protect the environment, ensure that Petroleum Operations result in...
Governing law
This agreement shall be governed by and construed in accordance with the laws of England without regard to principles of...
Infrastructure - third party use
Minza Oil & Gas Limited shall provide for third party access to the structures, facilities, installations, equipment and other property...
Local employment
Minza Oil & Gas Limited shall take reasonable steps to comply with the proposals which accompanied its application under sub-Section...
Local procurement
Minza Oil & Gas Limited shall take reasonable steps to comply with the proposals which accompanied its application under sub-Section...
Production Share - Cost Oil features (basis of calculation, limits on cost recovery - e.g. as % of revenue or production, capex uplift, etc.)
In each calendar year, Minza Oil & Gas Limited shall take and receive the following shares of every grade and...
Production Share - "Profit Oil features (triggers for variations in split - IRR, factor, production, etc .)
Any petroleum not taken for royalty or as recoverable cost oil shall be shared as 40% by the Timor Sea...
Royalties
In each calendar year, Timor Sea Designated Authority shall take and receive 5% of every grade and quality of petroleum...
State agency, national company or ministry executing the document
Timor Sea Designated Authority
Training
Minza Oil & Gas Limited shall take reasonable steps to comply with the proposals which accompanied its application under sub-Section...
Work and investment commitments
In each Contract Year mentioned below, the Minza Oil & Gas Limited shall carry out an exploration work program and...
Country
Australia
Signature Year
2006
Resource
Hydrocarbons
Type of Contract
Production or Profit Sharing Agreement
Open Contracting Identifier
ocds-591adf-1717538716
Disclosure Mode
Government
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