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VERIFIED AGAINST EXECUTED COPY Agreement Date: 20 September 1994 Verification Date: February 2003 Omitted from this Version in MS Word: 1. Russian Text; 2. Map form, Appendix II. AGREEMENT ON THE

How to fill out azeri-chirag-deepwatrer gunashli production sharing

How to fill out Azeri-Chirag-Deepwater Gunashli production sharing:

1. Familiarize yourself with the requirements and guidelines provided by the governing authorities involved in the production sharing agreement.
2. Gather all necessary documentation, including relevant contracts, permits, licenses, and financial statements.
3. Clearly identify the participating parties involved in the production sharing agreement, including the operator and other stakeholders.
4. Provide accurate and detailed information regarding the project, such as the location, purpose, and estimated duration of the production sharing activities.
5. Outline the production sharing terms and conditions, including the distribution of costs, revenues, and responsibilities among the participating parties.
6. Specify the rights and obligations of each party involved, ensuring clarity and fairness in the agreement.
7. Ensure compliance with local laws, regulations, and industry standards throughout the production sharing process.
8. Seek legal advice if needed to ensure the agreement is properly drafted and legally binding.
9. Review and thoroughly understand the contractual provisions before signing the production sharing agreement.

Who needs Azeri-Chirag-Deepwater Gunashli production sharing:

1. Oil and gas companies seeking to explore and develop hydrocarbon reserves in the Azeri-Chirag-Deepwater Gunashli field.
2. The Azerbaijani government, as the entity responsible for regulating and managing the production sharing contract.
3. Investors and stakeholders interested in participating in the production sharing agreement to benefit from potential oil and gas reserves in the field.
4. Local communities and economies, as the production sharing agreement may contribute to job creation, infrastructure development, and overall economic growth in the region.
5. International energy companies and service providers that offer technical expertise and resources for offshore drilling and production activities.
6. Environmental organizations and regulatory bodies, as they play a crucial role in monitoring and ensuring the implementation of sustainable practices throughout the production sharing process.

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What is azeri-chirag-deepwatrer gunashli production sharing?

Azeri-Chirag-Deepwater Gunashli (ACG) Production Sharing is a contractual agreement between the government of Azerbaijan and a consortium of oil companies for the exploration and production of oil in the ACG field.

Who is required to file azeri-chirag-deepwatrer gunashli production sharing?

The consortium of oil companies involved in the ACG field is required to file the production sharing reports.

How to fill out azeri-chirag-deepwatrer gunashli production sharing?

To fill out ACG production sharing reports, companies need to provide detailed information about their production activities, revenues, and expenses in the ACG field.

What is the purpose of azeri-chirag-deepwatrer gunashli production sharing?

The purpose of ACG production sharing is to ensure transparency and accountability in the oil sector, as well as to provide a framework for revenue sharing between the government and the oil companies.

What information must be reported on azeri-chirag-deepwatrer gunashli production sharing?

The production sharing reports must include details on oil production volumes, revenues, expenses, and any other relevant information related to the operations in the ACG field.

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