Arbitration and dispute resolution
The parties shall submit any dispute arising out of or in connection with this contract which cannot be resolved by...
Audit mechanisms - financial obligations
The government has the right to audit and inspect Eni East Africa S.p.A. and Empresa Nacional de Hidrocarbonetos, E.P.'s accounting records as set out in Annex C.
Bonuses
Eni East Africa S.p.A. (Eni) and Empresa Nacional de Hidrocarbonetos, E.P. (Empresa) shall pay the following production bonuses:
At the commencement...
Confidentiality
This contract, and other records, reports analyses, compilations, data, studies and other materials are confidential and except as authorized...
Environmental impact assessment and management plan
Eni East Africa S.p.A. (Eni) and Empresa Nacional de Hidrocarbonetos, E.P. (Empresa) shall cause a consulting firm, approved by the...
Environmental protections
Eni East Africa S.p.A. (Eni); Empresa Nacional de Hidrocarbonetos, E.P. (Empresa) shall carry out petroleum operations in accordance with environmental...
Income tax: rate
The corporate income tax shall be levied in accordance with the income tax law, as may be amended from time...
Infrastructure
Eni East Africa S.p.A. (Eni) and Empresa Nacional de Hidrocarbonetos, E.P. (Empresa) shall finance the cost of all facilities and...
Infrastructure - third party use
Third parties may have the right to use available spare capacity of facilities and necessary equipment on terms and conditions...
Language
Portuguese and English. The Portuguese text will prevail in case of conflict.
Local development agreement
Eni and Empresa shall pay to the government US$ 250,000 for social support projects for the citizens of the Republic...
Local employment
Eni East Africa S.p.A. (Eni) and Empresa Nacional de Hidrocarbonetos, E.P. (Empresa) shall endeavor to employ citizens of the Republic...
Location
The coordinates of the contract area are detailed in Annex A and a map is provided in Annex B.
Name of company executing document
Eni East Africa S.p.A. (Eni); Empresa Nacional de Hidrocarbonetos, E.P. (Empresa)
Other - financial/fiscal
Eni East Africa S.p.A. (Eni) and Empresa Nacional de Hidrocarbonetos, E.P. (Empresa) shall pay a petroleum production tax of 5%...
Production Share - Cost Oil features (basis of calculation, limits on cost recovery - e.g. as % of revenue or production, capex uplift, etc.)
For each calendar year, cost petroleum shall be no more than 75% of disposable petroleum.
If the recoverable costs in any...
Production Share - "Profit Oil features (triggers for variations in split - IRR, factor, production, etc .)
The share of profit petroleum between the government and Eni East Africa S.p.A. (Eni); Empresa Nacional de Hidrocarbonetos, E.P. (Empresa)...
Restrictions on transactions with affiliated parties
For the sale of petroleum to affiliated companies, a value for separate export grade of crude oil will be agreed...
Royalties
Eni East Africa S.p.A. (Eni) and Empresa Nacional de Hidrocarbonetos, E.P. (Empresa) shall pay a petroleum production tax of 5%...
Stabilization
If there is a change in the laws of the Republic of Mozambique or a new tax is introduced, the...
State agency, national company or ministry executing the document
State participation
Eni East Africa S.p.A will carry the state participating interest (also called carry). In case of assignment of the rights,...
Term
The development and production period shall be 30 years (in addition to the 8 year period for exploration).
Training
Eni East Africa S.p.A. (Eni) and Empresa Nacional de Hidrocarbonetos, E.P. (Empresa) shall, in consultation with the government, propose and...
Water use
Eni East Africa S.p.A. and Empresa Nacional de Hidrocarbonetos, E.P. have the right to drill for and freely use water...
Work and investment commitments
During the initial exploration period, Eni East Africa S.p.A. (Eni); Empresa Nacional de Hidrocarbonetos, E.P. (Empresa) shall conduct the following...
Country
Mozambique
Signature Year
2006
Resource
Hydrocarbons
Type of Contract
Production or Profit Sharing Agreement
Open Contracting Identifier
ocds-591adf-2561344209
Disclosure Mode
Government
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