Arbitration and dispute resolution
Where a dispute arises Pirity and President, the disputing party must notify the other party of the dispute and proceed...
Audit mechanisms - financial obligations
A Non-Operator has a right to audit the Joint Accounts and records of the Operator (President) upon providing at least...
Confidentiality
Both Pirity and President agree that all information relating to Joint Operations and Exclusive Operations are confidential and will be...
Date of issue of title/permit
Designated Contract Area effective as of the date of the Agreement: 29/10/2012
Environmental protections
The Operator-President (and its Affiliates, and their respective directors, officers and employees) will not be held liable for Environmental Loss...
Governing law
Any disputes arising under this Agreement will be dealt with under the laws of Paraguay (with the exception of conflicts...
Location
E-1 to E12 Latitude:[22o 30' 53.04" S to 23o 19' 22.68" S] and Longitude: [62o 14' 30.58" W to 61o 33' 55.08" W]
Name of company executing document
Pirity Hidrocarburos S.R.L and President Energy Paraguay S.A. President will have an 11.8% interest and Pirity will have an 88.2%...
Other - miscellaneous
If a Discovery (of hydrocarbons) is made, the Operator (President) must deliver notice of Discovery and, as soon as possible,...
Resource(s)
Hydrocarbons (i.e. crude oil, natural gas)
Royalties
The rights, obligations and liabilities of President and Pirity are individual and are not joint or collective. President and Pirity...
Social/human rights monitoring
The Operator (President) will establish and implement a Health, Safety and Environment (HSE) plan to address the goal of achieving...
State agency, national company or ministry executing the document
President Energy Paraguay S.A. (President)
Term
The agreement will remain in force until one of the following occurs: (1) the Concession Contract (executed in May 2008...
Work and investment commitments
Within 30 days of the parties signing the agreement, the Operator (President) must deliver a proposed Work Program and Budget...
Country
Paraguay
Signature Year
2012
Resource
Hydrocarbons
Type of Contract
-
Open Contracting Identifier
ocds-591adf-3316958152
Disclosure Mode
Government
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