ResourceContracts.org - PC. (Timor Sea 06-102 ) Ltd., KG (Timor Sea 06-102) Ltd., Samsung Oil & Gas (Timor Sea 06-102) Ltd., LG (Timor Sea 06-102), JPDA 06-102, PSA, 2006

PC. (Timor Sea 06-102 ) Ltd., KG (Timor Sea 06-102) Ltd., Samsung Oil & Gas (Timor Sea 06-102) Ltd., LG (Timor Sea 06-102), JPDA 06-102, PSA, 2006

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Arbitration and dispute resolution

If a dispute arises between the Timor Sea Designated Authority and PC. (Timor Sea 06-102) Ltd., KG (Timor Sea 06-102)... more

Page 35 ( Art. 12 )

Audit mechanisms - financial obligations

The Timor Sea Designated Authority may require, at PC. (Timor Sea 06-102) Ltd., KG (Timor Sea 06-102) Ltd., Samsung Oil... more

Page 40 ( Art. 16 )

Confidentiality

Except with the consent of the designated authority, or as required by law or the rules of a recognized stock... more

Page 37 ( Art. 13.2(e) ), Page 38 ( Arts. 13.6-13.7 )

Date - contract signature

30/10/2006

Page 7 ( Preamble )

Environmental impact assessment and management plan

Within 3 months of the effective date, PC. (Timor Sea 06-102) Ltd., KG (Timor Sea 06-102) Ltd., Samsung Oil &... more

Page 27 ( Art. 5.2(a) )

Environmental protections

PC. (Timor Sea 06-102) Ltd., KG (Timor Sea 06-102) Ltd., Samsung Oil & Gas (Timor Sea 06-102) Ltd., and LG... more

Page 26 ( Art. 5.1 ), Page 28 ( Art. 5.5, Art. 5.3(b) )

Governing law

This agreement shall be governed by and construed in accordance with the laws of England without regard to principles of... more

Page 44 ( Art. 20.2 )

Infrastructure - third party use

PC. (Timor Sea 06-102) Ltd., KG (Timor Sea 06-102) Ltd., Samsung Oil & Gas (Timor Sea 06-102) Ltd., and LG... more

Page 39 ( Art. 15.1 )

Location

The contract area is described in the coordinates in Annex A and the map in Annex B

Page 47 ( Annex A ), Page 52 ( Annex B )

Name of company executing document

PC. (Timor Sea 06-102) Ltd., KG (Timor Sea 06-102) Ltd., Samsung Oil & Gas (Timor Sea 06-102) Ltd., and LG (Timor Sea 06-102)

Page 7 ( Preamble )

Name of field, block, deposit or site

JPDA 06-102

Page 1 ( Front page )

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, PC. (Timor Sea 06-102) Ltd., KG (Timor Sea 06-102) Ltd., Samsung Oil & Gas (Timor Sea... more

Page 29 ( Art. 7.1(b) )

Production Share - "Profit Oil features (triggers for variations in split - IRR, factor, production, etc .)

Any petroleum not taken by as royalty or recoverable cost petroleum shall be shared as 40% by the Timor Sea Designated Authority and 60% by Timor Sea 06-102 companies.

Page 30 ( Art. 7.1(c) )

Project title

JPDA 06-102

Page 1 ( Front page )

Resource(s)

Petroleum

Page 7 ( Preamble )

Royalties

In each calendar year, Timor Sea Designated Authority shall take and receive 5% of every grade and quality of petroleum... more

Page 29 ( Art. 7.1 )

State agency, national company or ministry executing the document

Timor Sea Designated Authority

Page 7 ( Preamble )

Type of contract

Production sharing contract

Page 1 ( Front page )

Work and investment commitments

In contract years 1, 2 and 3 mentioned below, PC. (Timor Sea 06-102) Ltd., KG (Timor Sea 06-102) Ltd., Samsung... more

Page 18 ( Arts. 4.1-4.3 )

Metadata

Country

Australia

Signature Year

2006

Resource

Hydrocarbons

Type of Contract

Production or Profit Sharing Agreement

Open Contracting Identifier

ocds-591adf-7120819444

Disclosure Mode

Government

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