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PRODUCTION SHARING CONTRACT BETWEEN THE DEMOCRATIC REPUBLIC OF São Tomé and Príncipe REPRESENTED BY THE AGENCY NATIONAL DO PETROL EO DE São Tomé E PRINCIPE AND ERIC ENERGY EEA, LDA FOR BLOCK
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How to fill out production sharing contract between

01
Identify the parties involved in the contract, including the government and the oil company.
02
Determine the terms and conditions of the agreement, such as how costs and profits will be shared.
03
Include provisions for exploration, production, and development of oil and gas resources.
04
Specify the duration of the contract and any renewal options.
05
Address any environmental or social responsibility commitments.
06
Seek legal advice to ensure the contract is legally binding and enforceable.

Who needs production sharing contract between?

01
Government agencies looking to collaborate with oil companies for oil and gas exploration and production.
02
Oil companies seeking access to oil and gas resources in a particular region.
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A production sharing contract is between a government and a company for sharing of profits from the production of natural resources.
Both the government and the company involved in the contract are required to file the production sharing contract.
The production sharing contract can be filled out by outlining the terms and conditions agreed upon by both parties regarding the sharing of production and profits.
The purpose of a production sharing contract is to establish a legal agreement for the sharing of production and profits from natural resource exploitation.
Information such as production volumes, revenue sharing percentages, cost recovery mechanisms, and environmental protection measures must be reported on the production sharing contract.
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