ResourceContracts.org - Oilex (JPDA 06-103) Ltd., Global Energy Inc., Bharat PetroResources JPDA Limited, GSPC (JPDA), JPDA 06-103 Contract Area, PSA, 2006

Oilex (JPDA 06-103) Ltd., Global Energy Inc., Bharat PetroResources JPDA Limited, GSPC (JPDA), JPDA 06-103 Contract Area, PSA, 2006

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Arbitration and dispute resolution

If a dispute arises between the Timor Sea Designated Authority and Oilex (JPDA 06-103) Ltd., Global Energy Inc., Bharat PetroResources... more

Page 35 ( Art. 12 )

Audit mechanisms - financial obligations

The Timor Sea Designated Authority may require, at Oilex (JPDA 06-103) Ltd., Global Energy Inc., Bharat PetroResources JPDA Ltd., and... 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

15/11/2006

Page 7 ( Preamble )

Environmental impact assessment and management plan

Within 3 months of the effective date, Oilex (JPDA 06-103) Ltd., Global Energy Inc., Bharat PetroResources JPDA Ltd., and GSPC... more

Page 27 ( Art. 5.3 )

Environmental protections

Oilex (JPDA 06-103) Ltd., Global Energy Inc., Bharat PetroResources JPDA Ltd., and GSPC (JPDA) Ltd. (Oilex and companies) shall carry... more

Page 26 ( Art. 5.1 ), Page 27 ( Art. 5.3(b) ), Page 28 ( Art. 5.5 )

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

Oilex (JPDA 06-103) Ltd., Global Energy Inc., Bharat PetroResources JPDA Ltd., and GSPC (JPDA) Ltd. (Oilex and companies) shall provide... 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 54 ( Annex B )

Name of company executing document

Oilex (JPDA 06-103) Ltd., Global Energy Inc., Bharat PetroResources JPDA Ltd., and GSPC (JPDA) Ltd.

Page 7 ( Preamble )

Name of field, block, deposit or site

JPDA 06-103

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, Oilex (JPDA 06-103) Ltd., Global Energy Inc., Bharat PetroResources JPDA Ltd., and GSPC (JPDA) Ltd. shall... 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 Oilex and companies under sub-paragraph 7.1(b)(i) shall be shared as 40% by the Timor Sea Designated Authority and 60% by Oilex and companies.

Page 29 ( Art. 7.1 )

Project title

JPDA 06-103

Page 1 ( Front page )

Resource(s)

Petroleum

Page 7 ( Preamble )

Royalties

In each calendar year, Timor Sea Designated Authority shall take 5% of every grade and quality of petroleum as and when it is delivered at the field export point.

Page 29 ( Art. 7.1(a)(i) )

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 each contract year mentioned below, Oilex (JPDA 06-103) Ltd., Global Energy Inc., Bharat PetroResources JPDA Ltd., and GSPC (JPDA)... 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-9499174502

Disclosure Mode

Government

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