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Resolution No. 25/2016 approving the Contract Model Form for the Concession of Petroleum Research and Production.

Country/Territory
Mozambique
Document type
Regulation
Date
2016
Source
FAO, FAOLEX
Original source
Boletim da Republica, I Série, No. 118, Supplement.
Subject
Mineral resources
Keyword
Authorization/permit Concession Environmental standards Inspection Legal proceedings/administrative proceedings Natural gas Oil Management/conservation Mining Research Pollution control Zoning Exploration Standards Protection of environment
Geographical area
Africa, Eastern Africa, Indian Ocean, Least Developed Countries
Entry into force notes
This Resolution enters into force on the day of its publication.
Abstract

This Resolution approves the Contract Model Form for the Concession of Petroleum Research and Production. This Contract, consisting of 21 articles and one Annex, defines contractual rights and duration, work obligations during the research period, conduction of petroleum operations and other applicable rules, including (in Annex) the Description of the Area for the Concession Contract, the Map of the Area, the Accounting and Financial Procedures, the Banking Guarantee Model, the Guarantee of the Main Company and the Joint Operations Agreement.

Full text
Portuguese
Website
www.legis-palop.org