Arbitration and dispute resolution
Disputes, if any, arising between Timor Sea Designated Authority and ConocoPhillips JPDA Pty Ltd., Phillips Petroleum Timor Sea Pty Ltd.,...
Audit mechanisms - financial obligations
Timor Sea Designated Authority may require independent auditing of ConocoPhillips JPDA Pty Ltd., Phillips Petroleum Timor Sea Pty Ltd., and...
Environmental impact assessment and management plan
ConocoPhillips JPDA Pty Ltd., Phillips Petroleum Timor Sea Pty Ltd., and Agip Australia 91-13 Ltd. shall develop an environmental management...
Environmental protections
ConocoPhillips JPDA Pty Ltd., Phillips Petroleum Timor Sea Pty Ltd., and Agip Australia 91-13 Ltd. (ConocoPhillips JPDA and companies) shall...
Governing law
Subject to the provisions of the Treaty, including the Petroleum Mining Code, the law of England shall apply to this contract
Income tax: rate
ConocoPhillips JPDA Pty Ltd., Phillips Petroleum Timor Sea Pty Ltd., and Agip Australia 91-13 Ltd. shall comply with all of...
Local employment
ConocoPhillips JPDA Pty Ltd., Phillips Petroleum Timor Sea Pty Ltd., and Agip Australia 91-13 Ltd. (ConocoPhillips JPDA and companies) shall...
Local procurement
ConocoPhillips JPDA Pty Ltd., Phillips Petroleum Timor Sea Pty Ltd., and Agip Australia 91-13 Ltd. (ConocoPhillips JPDA and companies) shall...
Location
The contract area is described in Appendix A and in the map in Appendix B
Name of company executing document
ConocoPhillips JPDA Pty Ltd., Phillips Petroleum Timor Sea Pty Ltd., Agip Australia 91-13 Ltd.
Other - financial/fiscal
In the initial 5 calendar years of production from the contract area (such period to be determined without regard to...
Production Share - Cost Oil features (basis of calculation, limits on cost recovery - e.g. as % of revenue or production, capex uplift, etc.)
ConocoPhillips JPDA Pty Ltd., Phillips Petroleum Timor Sea Pty Ltd., and Agip Australia 91-13 Ltd. shall be entitled to a...
Production Share - "Profit Oil features (triggers for variations in split - IRR, factor, production, etc .)
In each calendar year in which petroleum is produced from the contract area, if the investment credit and operating costs...
State agency, national company or ministry executing the document
Timor Sea Designated Authority
Work and investment commitments
The Timor Sea Designated Authority and ConocoPhillips JPDA Pty Ltd., Phillips Petroleum Timor Sea Pty Ltd., Agip Australia 91-13 Ltd.shall...
Country
Australia
Signature Year
2003
Resource
Hydrocarbons
Type of Contract
Production or Profit Sharing Agreement
Open Contracting Identifier
ocds-591adf-5685445366
Disclosure Mode
Government
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