Companies contacts in Peru
Companies
that requested to be included in the contact
section for possible beginning of conversations with
third parties.
New Contact Model
Perupetro's
Directory have approved a new contract
model that simplifies the negotiation and makes the
period of contract agreement very short.
The Peruvian Government approved Supreme Decree adding Methodologies
to determine Royalties in License Contracts for the Exploration
and Exploitation of Hydrocarbons
On
May 29, 2003 was approved the Supreme
Decree 017-2003-EM adding methodologies to determine
Royalties in License Contracts for the Exploration and Exploitation
of Hydrocarbons to the article 5° of Bylaws approved
by Supreme Decree 049-93-EM.
Companies
now have two options:
a) 5% royalty for 5,000 barrels per day until 20% royalty
for 100,000 barrels per day or more.
b) 5% until contractor recovers investment then an additional
variable royalty based on economic results from each previous
year.
The contractor chooses one of these options at the moment
of declaring a commercial discovey.
Flexible Work Programs
Flexibilization of Exploration
Work Minimum Program, the same which can be established
in Exploration Work Units (UTE), through which the Contractor
has freedom to establish the works allowing the number of
UTEs previously agreed for each period.
Technical Information Free Of Cost
PERUPETRO S. A.
has established an information transference policy free
of cost, in other words the usage license for technical
information is performed without any cost for the Investor
or Contractor, paying only the costs corresponding to the
transference media (discs, paper, etc) as well as those
corresponding to the transport and/or dispatch.
Vat Devolution During The Exploration
Phase
Law N° 27624 –
Law establishing the devolution of the Value Added Tax and
Municipal Promotion Tax for Hydrocarbon Exploration.
Enterprises signing Contracts or Agreements related to Articles
6° and 10° of Law 26221, Organic Law of Hydrocarbons,
will have the right to the definitive devolution of the
Valued Added Tax and Municipal Promotion Tax paid for the
execution of activities directly related to exploration
during the exploration phase of the Contracts and Technical
Evaluation Agreements.
This right will be part of the tax regime subject to tax
stability guarantee in the Contracts or Agreements signed
by the enterprises upon the effect of the Law.
