Arbitration and dispute resolution
In the event of any dispute between Minister and ExxonMobil and Statoil concerning the fair market price of natural gas,...
Name of company executing document
ExxonMobil Exploration and Production Tanzania Limited; Statoil Tanzania AS; ExxonMobil Exploration and Production Tanzania Limited
Other - operational
The provisions of Art. 21 of the PSA related to site cleaning and abandonment of assets and facilities shall also apply to all Natural Gas Operations
Production Share - Cost Oil features (basis of calculation, limits on cost recovery - e.g. as % of revenue or production, capex uplift, etc.)
(a) Contract expenses incurred by ExxonMobil and Statoil and where joint operations have been established by the Tanzania Petroleum Development Corporation...
Production Share - "Profit Oil features (triggers for variations in split - IRR, factor, production, etc .)
For the purpose of sharing profit gas between ExxonMobil and Statoil and TPDC, the balance of natural gas available in...
Royalties
TPDC shall fulfill its obligation to pay royalty in respect of crude oil and natural gas obtained from the development...
Signatories, company
Tanzania Petroleum Development Corporation, Statoil Tanzania AS, and ExxonMobil Exploration and Production Tanzania Limited
Signatories, State
Minister for Energy and Minerals, Government of the United Republic of Tanzania
State agency, national company or ministry executing the document
Ministry of Energy and Minerals
Work and investment commitments
ExxonMobil and Statoil shall, if requested by the Minister 180 days prior to first lifting of natural gas, market abroad...
Country
Tanzania, United Republic of
Signature Year
2012
Resource
Hydrocarbons
Type of Contract
Contract Amendment | Production or Profit Sharing Agreement
Open Contracting Identifier
ocds-591adf-8344502322
Disclosure Mode
Other
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