Zarat Field

Development PSA

DPSA after Tax : Royalty and Corporate Income Tax included in the State share of Profit Oil:

  • No Production Bonus
  • Uplift 70% of Development Capex at an annual flat rate of 5%
  • Abandonment cost are recoverable, Provision for abandon to be agreed when R Factor equals 1
  • Net Petroleum (or Profit Oil ) = Total Revenue – Cost Oil
  • (A) Factor corresponding to Operator share of Profit Oil
  • (R) Ratio Mechanism : Cumulative Revenue / Cumulative Capex & Opex

Biddable terms

  • All details are available in the dataroom

Unitization and Unit Operating Agreements

  • Available Unitization and Unit Operating Agreements initialled by JOINT OIL and ETAP

JOINT OIL Block

Exploration PSA

EPSA after Tax : Royalty and Corporate Income Tax included in the State share of Profit Oil:

  • No Signature Bonus
  • Uplift 70% of Development Capex at an annual flat rate of 5%
  • Abandonment cost are recoverable, Provision for abandon to be agreed when R Factor equals 1
  • Net Petroleum (or Profit Oil ) = Total Revenue – Cost Oil
  • (A) Factor corresponding to Operator share of Profit Oil
  • (R) Ratio Mechanism : Cumulative Revenue / Cumulative Capex & Opex

Biddable terms:

  • All details are available in the dataroom