Arbitration and dispute resolution
The parties commit themselves to make all efforts to resolve among themselves, amicably, all and any dispute or controversy arising...
Audit mechanisms - financial obligations
The government may hold financial and accounting audit of this contract and the calculation statements of the government holdings, in...
Confidentiality
Any and all data and information acquired, processed, produced or developed in any way, obtained as a result of the...
Environmental impact assessment and management plan
The company must have a safety and environment management system that meets the best practices of the oil industry and the applicable legislation.
Environmental monitoring
Best practices of the oil industry includes: preservation of the environment and respect to the people, which determines the adoption...
Environmental protections
The company must have a safety and environment management system that meets the best practices of the oil industry and...
Governing law
This contract will be executed, governed and interpreted according to Brazilian laws.
Income tax: other
The company will be subject to the tax system in the federal, state and municipal extent, being forced to fulfil...
Infrastructure
The company must provide directly, buy, rent, lease or in any other way obtain, at its own expenses and risk,...
Local employment
The recruitment and hiring may be carried out in Brazil or abroad and according to selection criterion of the company,...
Local procurement
The recruitment and hiring of the services may be carried out in Brazil or abroad, provided the applicable law...
Other - financial/fiscal
If the special share is due to a field in any quarter of the calendar year, the company will be...
Royalties
The company will pay the following governmental and third parties holdings: royalties at the corresponding amount of 10% of the...
Social/human rights monitoring
It is the duty of the operator company to continuously monitor all the activities that involve operational, environmental or human...
State agency, national company or ministry executing the document
Brazilian National Agency of Petroleum, Natural Gas and Biofuels
Term
The duration of this contract, for each parcel of the concession area that will become a field under the terms...
Work and investment commitments
The company must perform the obligations relating to the minimum exploratory program on the terms and conditions described in annex...
Country
Brazil
Signature Year
2013
Resource
Hydrocarbons
Type of Contract
Concession Agreement
Open Contracting Identifier
ocds-591adf-2290683076
Disclosure Mode
Government
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