Content

I-Exploration & Production Licenses

1)  Prospection Authorization

2)  Prospection Permit

3)  Exploration Permit

II-Contractual Framework For E & P Activities

III– Joint Venture Regime

1) Exploration Permit

2) Exploration Costs

3) Concession

4) Joint Venture Regime (ETAP/ Partner (s))

IV– Production Sharing Regime

V– Fiscal Terms

1) Income Tax & Royalty

2) Other Fiscal Terms