GOVERNMENTAL AGREEMENT 1034-83

National Palace: Guatemala on December 15, 1983

THE CHIEF OF STATE,
CONSIDERING:
That the Decree Law number 109-83 regulate the utili!ation o" the
wealth that i obtaine# o" the #e$oit o" h%#rocarbon, $ro$itiating a $etroleum
$olitic orientate# to obtain better reult in the e&$loration an# e&$loitation o"
the abo'e mentione# reource(
CONSIDERING:
That "or the e""ecti'e a$$lication o" the Law o" )%#rocarbon, it rule
mut be #e'elo$e# in regulation "orm, to e""ect o" allowing it a#*utment to the
#%namical change o" the $etroleum worl# in#utr%, "or which $ur$oe i
$rocee#ing to #ictate the re$ecti'e legal #i$oition,
THEREFORE,
+n the e&ercie o" the $ower that awar# the article ,
th
o" the
-un#amental .tatute o" Go'ernment, mo#i"ie# b% the Decree Law number
3/-80 an# 81-83 an# with "oun#ation in what the article 11 o" the Decree Law
number 109-83 2Law o" )%#rocarbon3 etablihe,
IT AGREES:
To emit the "ollowing:
GENERAL REGULATION OF THE LAW OF HYDROCARBONS
TITLE I
GENERAL DISPOSITIONS
CHAPTER I
APPLICATION, ABBREVIATIONS AND DEFINITIONS
Ar!"#$ 1%-APPLICATION% 4ei#e the #e"inition an# abbre'iation
containe# in the Law o" )%#rocarbon, the one containe# in thi regulation, will
be a$$lie# in the b% law, agreement, reolution, contract an# other
Traduccin Libre
#ocument #eri'e# or relate# to the Law o" )%#rocarbon, Decree law number
109-835
Ar!"#$ &%-ABBREVIATIONS5 -or the e""ect o" article 1 o" thi regulation
the "ollowing abbre'iation will be ue#:
L67: Law o" )%#rocarbon 2Decree Law number 109-8335
T)8 9+N+.T8:: The 9initer o" 8nerg% an# 9ine5
;+<8-9+N+.T8:: ;ice-miniter o" 8nerg% an# 9ine5
T)8 D+:8<T=:: General 9anager o" )%#rocarbon5
.>4 D+:8<T=:: General 6itant Director o" )%#rocarbon5
D8P6:T98NT De$artment o" 6u#it an# Ta&ation5
=- 6>D+T:
=T)8: =ther not h%#ro-coal-li?e ubtance aociate# with
.>4.T6N<8.: the $ro#uction o" h%#rocarbon5
<=>NT64L8 6 "ull %ear or the time o" a %ear #e$en#ing o" the
P8:+=D: contract $erio# allowance5
P8:9+..+=N: Permiion o" .u$er"icial :ecognition5
.@.T89 =- .tationar% .%tem o" Tran$ortation o" T:6N.P=:T:
)%#rocarbon5
Ar!"#$ 3%-DEFINITIONS% -or the e""ect o" article 1 o" thi regulation, the
"ollowing #e"inition will be ue#:
COUNTABLE ANNE': +t i the #ocument that "orm $art o" a contract o"
$etroleum o$eration, in which there are etablihe# rule, $rinci$le an#
$roce#ure to be ober'e# #uring it o$eration, "or the $reentation an# content
o" bu#get, acAuiition o" goo# an# er'ice, au#it an# re'iew o" the cot,
e&$ene an# in'etment, an# the $roce#ure o" 9initerial a$$ro'al5
CALENDAR YEAR: The $erio# o" twel'e 2103 conecuti'e month,
tarting on the "irt #a% o" Banuar% to December thirt% "irt 2313, inclu#ing, o"
e'er% %ear in con"ormit% with the Gregorian calen#ar5
CONTRACT YEAR: Perio# o" twel'e 2103 conecuti'e month, counte#
"rom the e""ecti'e #ate o" a contract o" $etroleum o$eration an# that en# in
the e'e o" the #ate o" the "ollowing %ear in which it ha begun to be counte#5
Traduccin Libre
BARREL: >nit o" meaurement eAui'alent to hun#re# "i"t% eight liter
an# eight hun#re# eight% e'en thouan#th o" liter 21585981 liter3 eAui'alent to
"ort% two 2,0 6merican gallon5
BARREL OF RAW OIL: 6 barrel o" oil, correcte# to the tem$erature o"
"i"teen #egree an# "i"t% i& hun#re#th o" centigra#e #egree 21555/C<3,
eAui'alent to i&t% #egree -ahrenheit 2/0C-3, to the normal atmo$heric
$reure at ea le'el5
BARREL OF CONDENSATE: 6 barrel o" con#enate, correcte# to the
tem$erature o" "i"teen #egree with "i"t% i& hun#re#th o" centigra#e #egree
21555/C<3, eAui'alent to i&t% #egree -ahrenheit 2/0C-3, to the normal
atmo$heric $reure to le'el o" the ea5
GEOLOGICAL BASEMENT: Geological un#erl%ing "ormation to a
e#imentar% bain com$oe# o" metamor$hic an#Dor igneou roc?5
ASSETS: The% are the one regulate# in the boo? ++, Title + o" the <i'il
<o#e5
BLOC(: +t i one or more ur"ace that in it entiret% #o not a## an%
more than "i"t% thouan# 250,0003 hectare in the terretrial !one or eight%
thouan# 280,0003 hectare in the maritime !one5
COMMERCIAL FIELD: Petroleum "iel# in where a commercial #ico'er%
e&it5
AFFILIATED COMPANY: +t mean a com$an% or entit% that #irect or
in#irectl% control the contractor, or a com$an% or entit% that i #irect or
in#irectl% controlle# b% the ame com$an% or entit% that control the contractor(
or a com$an% or entit% that #irect or in#irectl% i controlle# b% the contractor5
The criterion to "ollow, in an% cae, i that the $oeion o" more than "i"t% $er
cent 250 E3 o" the control o" the action with right to 'ote "or the election o" the
ma&imum organ o" a com$an% im$lie the in#icate# control5
POLLUTION: +t i the #irect or in#irect intro#uction o" ubtance or
energ% in the en'ironment, "rom which the% turn out to be harm"ul or #i""erent
e""ect that alter the ecological balance, an#Dor that i a #anger "or the
agriculture, the "auna an# "lora5 +n a##ition to thi, that hin#er the marine
acti'itie, uch a the "ihing or other legitimate ue o" the atmo$here, the
oil, un#ergroun# or u$er"icial ource o" water5 .uch term inclu#e ri'er or
la?e, an# the ea inclu#ing the tourim a "or it water reort or other tourit
center5
CONTRACT OF E'PLORATION AND E'PLOITATION: the one that
the Go'ernment o""iciate with one or more contractor to wor? on o$eration o"
e&$loration an# e&$loitation5
Traduccin Libre
CONTRACT OF TRANSPORT: the one that the Go'ernment o""iciate
with one or more contractor to lea# to en# o$eration o" tran$ort o"
h%#rocarbon an# $etroleum $ro#uct5
DEVELOPMENT OR DEVELOPMENT OPERATIONS: 6ll the o$eration
e&ecute# b% the contractor ini#e the area o" e&$loitation5 Thi, in or#er to ma?e
$oible the i#eal reco'er% o" the #ico'ere# h%#rocarbon( a well a to ta?e
into e""ect the acti'itie #irectl% relate# to the ame one, in not limitati'e
enumeration5 6 well a the $er"oration an#Dor com$letion o" #e'elo$ing well,
tet ten#ing to #etermine the characteritic o" the #e$oit, tu#ie o"
"eaibilit%, contruction o" "acilitie "or e&$loitation, e$aration, $uri"ication,
$roce, liAue"action, im$ro'ement, in*ection, an# tran$ort o" the h%#rocarbon
$ro#uce# ini#e the area o" e&$loitation5 8'er%thing $re'ioul% mentione# ha
the ob*ect o" etablihing a %tem o" e&$loitation o" h%#rocarbon an#
e'er%thing relate# to the etablihment o" a common %tem5
DISCOVERY OF HYDROCARBONS OR DISCOVERED RESERVOIR:
Dico'er% o" h%#rocarbon ini#e the area o" contract5
DISCOVERY OF COMMERCIALLY E'PLOITABLE HYDROCARBONS
OR COMMERCIAL DISCOVERY OR COMMERCIAL RESERVOIR: 6
#ico'er% o" h%#rocarbon in commercial Auantitie that ha'ing being 'eri"ie# at
leat in a well an# on the bae o" geological, technical an# economic generall%
acce$te# in the $etroleum international in#utr%, that ma?e the commercial
$ro#uction o" h%#rocarbon $oible5
DUCT: +t i a $art o" a %tem o" tran$ort that conit o" a $i$eline,
generall% metallic, an# it $rinci$al com$onent, inclu#ing the 'al'e o"
iolation5
E)UIVALENCE IN NATIONAL CURRENCY: To etablih the
eAui'alence in national currenc% o" the obligation "oreeen in the Law an# in
thi regulation, there will be ue# the t%$e o" e&change o" re"erence that at call
o" the 9initr%, the 4an? o" Guatemala re$ort "or uch e""ect5
PUMPING STATION: +t i a $art o" a %tem o" tran$ort, contructe# to
$um$ cru#e oil, con#enate an#Dor $etroleum liAui# $ro#uct "or it tran$ort
acro the $i$eline5 Thi inclu#e bomb, machiner%, control, $i$e, the area
in which it i intalle#, the acceorie an# other wor? contructe# with uch
intention5
STATION OF COMPRESSION: +t i a $art o" a %tem o" tran$ort,
contructe# "or the com$reion o" natural ga an#Dor $etroleum gaeou
$ro#uct "or it tran$ort acro the ga $i$eline5 Thi inclu#e com$reor,
machiner%, control, $i$e, the area in which it i intalle#, the acceorie an#
other wor? contructe# with uch intention5
E'PLORATION OR E'PLORATION OPERATIONS: =$eration
e&ecute# b% the contractor ini#e the area o" contract with the onl% ob*ect o"
#ico'ering h%#rocarbon, a well a the o$eration #irectl% aociate# with
Traduccin Libre
thoe5 +n the a"oreai# o$eration remain inclu#e#, in not limitati'e
enumeration, u$er"icial recognition, $re$aration o" $er"oration ite, $er"oration
an# com$letion or com$letion o" e&$lorator% well, com$ilation an# tu#% o" all
the #ata that i obtaine# o" the abo'e-mentione# well5 +t alo inclu#e the
e'aluation well an# the necear% tet in or#er to #etermine the
commercialit% o" the "iel#, the contruction o" highwa%, air$ort, heli$ort,
buil#ing, #uct, water well, an# electrical $lant, $ro'i#ing that the ame one
are aociate# to ob*ect o" the contract5
E'PLOITATION OR E'PLOITATION OPERATIONS: The o$eration o"
#e'elo$ment an# commercial $ro#uction o" h%#rocarbon ini#e the area o"
e&$loitation or, when it i the cae, in the common %tem an#Dor the
etablihment o" line o" "lu& among the e&$loitation area5
PHASE: +t i an% la$e o" the e&$loration or e&$loitation $erio#,
accor#ing to what ha been #e"ine# in it contract5
STARTING DATE OF THE COMMERCIAL PRODUCTION: -or e'er%
area o" e&$loitation, it i the #a% in which the "acilitie nee#e# "or the $ro#uction
o" cru#e oil an#Dor natural ga, coming "rom at leat one $ro#ucing well, are $ut
in commercial regular o$eration5 Thi #ate might be the e""ecti'e #ate o"
election or an% another later #ate5
EFFECTIVE DATE: The #ate in which a contract o" $etroleum o$eration
i $ublihe# in the =""icial Diar%5
EFFECTIVE DATE OF RETURN: +t i the #ate in which the Direction that
a$$ro'e the area returne# o" con"ormit% with thi regulation gi'e it reolution5

EFFECTIVE DATE OF SELECTION OR EFFECTIVE DATE OF
ESTABLISHMENT OF A COMMERCIAL FIELD: +t i the #ate in which the
Direction that a$$ro'e the election o" an area o" e&$loitation o" con"ormit%
with thi regulation gi'e it reolution5
FORMATION BORDERS: +t i the geological "ormation, which will be
able to be i#enti"ie# in the contract5 =n the bae o" the ?nowle#ge generall%
acce$te# in the $etroleum international in#utr%, the e#imentar% roc? in thi
geological "ormation might not contain reer'oir o" a reaonable i!e an#
Aualit% that *uti"% economicall% the continuation o" the $er"oration o" a well in
thee roc?5
GUARANTEE: The bac?ing or ban? u$$ort that the contractor, in
"ul"illment o" hi obligation, contitute in "a'or o" the .tate, it intitution or
thir# $eron, in con"ormit% with the Law, which are thi regulation an# the
re$ecti'e contract5
MOUTH OF WELL GAS: +t i the natural reco'ere# ga or the one that
can be reco'erable "rom a reer'oir though a well, to which the liAui# $etroleum
ga an# other ubtance ha'e not been e&tracte#5
Traduccin Libre
GAS PIPELINE: +t i the #uct "or the tran$ort o" natural ga an#Dor
$etroleum gaeou $ro#uct, "rom the $oint o" loa# u$ to a terminal or another
ga $i$eline5 Thi inclu#e the "acilitie an# eAui$ment necear% "or thee
tran$ort5
OPERATION E'PENSES: The% are all the reaonable, a$$ro$riate
e&$ene, an# cot carrie# out a a reult o" the o$eration o" $ro#uction5
The% tart "rom the #ate o" the commercial $ro#uction, in con"ormit% with thi
regulation an# the re$ecti'e contract, attributable to an area o" e&$loitation an#
other cot i#enti"ie# in the Law a e&$ene o" o$eration5
DEVELOPMENT INVESTMENTS: The% are all the reaonable,
a$$ro$riate in'etment an# cot carrie# out on a a reult o" the o$eration o"
#e'elo$ment attributable to e'er% area o" e&$loitation, in con"ormit% with thi
regulation an# the re$ecti'e contract5
E'PLORATION INVESTMENTS: The% are all the reaonable,
a$$ro$riate in'etment, an# cot carrie# out a a reult o" o$eration o"
e&$loration attributable to a contract area in con"ormit% with thi regulation an#
the re$ecti'e contract5
LINE OF FLOW: +t i a #uct "or the tran$ort o" not re"ine# h%#rocarbon
or $artiall% re"ine# one( that come o" one or e'eral well o" a $etroleum "iel#
to a e$aration $lant, $uri"ication or re"inement o" h%#rocarbon, an# another
t%$e o" collecting "acilitie5
MONTH OR CALENDAR MONTH: +t mean the #a% that corre$on# in
con"ormit% with the Gregorian <alen#ar5
CONTRACT MONTH: 29o#i"ie# b% article 1 o" Go'ernmental 6greement
Number 153-9035 Perio# calculate# in con"ormit% with the Law o" the Bu#icial
=rganim, which begin the #a% o" the e""ecti'e #ate o" the contract, recounte#
to it corre$on#ing month5
GAS CUBIC METER: +t i the necear% Auantit% o" natural ga to "ill a
cubic meter o" $ace to the tem$erature o" "i"teen #egree with "i"t% i&
hun#re#th o" centigra#e #egree 21555/C<3 or it eAui'alent, i&t% #egree
-ahrenheit 2/0C-3, an# the normal atmo$heric $reure at ea le'el5
PIPELINE: +t i the #uct "or the tran$ort o" cru#e oil, con#enate an#Dor
$etroleum liAui# $ro#uct, "rom the $oint o" loa# u$ to a terminal or another
$i$eline5 Thi inclu#e the "acilitie an# eAui$ment necear% that tran$ort5
PART: The 9initr% or the contractor5
PARTS: The 9initr% an# the contractor5
E'PLORATION PERIOD: la$e in which the contractor e&ecute
o$eration o" e&$loration5 Thi la$e begin "rom the e""ecti'e #ate an#
Traduccin Libre
continue until the contractor "inihe uch o$eration accor#ing to the Law,
which are thi regulation an# the re$ecti'e contract5
E'PLOITATION PERIOD: la$e in which the contractor e&ecute
e&$loitation o$eration that begin, with regar# to e'er% e&$loitation area, in the
e""ecti'e #ate o" election, an# continue until the ame one i returne# to the
.tate or u$ to the com$letion o" the contract b% an% reaon5 Thi inclu#e
o$eration o" e&$loration in the area o" e&$loitation5
DELIMITING WELL: +t i a #rille# well that ha the $ur$oe o"
#etermining the lateral e&tenion o" one or more reer'oir5
DEVELOPMENT WELL: +t i a well #rille# in a commercial "iel# with the
e&$ectation o" increaing the $ro#uction o" that "iel#5 Thi well i locate# in
agreement to the reAuirement o" #e'elo$ment o" the $etroleum "iel# an# it
coul# be a $ro#uction, #elimiting, in*ection t%$e o" well or one "or ober'ation or
meaurement5
TESTING WELL: +t i a well #rille# to #etermine the commercialit% o" one
or more reer'oir5 +t i #one a"ter $er"orating the e&$loration well that
#ico'ere# the reer'oir or reer'oir5 -or $ur$oe o" an% contract o"
e&$loration an#Dor e&$loitation a teting well hall not be coni#ere# neither an
e&$lorator% well nor a #e'elo$ment well5
IN*ECTION WELL: +t i the one $er"orate# with the $ur$oe o" in*ecting
water, ga, or other "lui# to the reer'oir5 Thi in or#er to maintain or to
increae the $reure o" the ame one or that ha been #etermine# "or uch
intention( or, to carr% out the econ#ar% or tertiar% reco'er% o" one or more
#e$oit( or "or reaon o" $re'enting $ollution5

MEASUREMENT OR OBSERVATION WELL: +t i a well ue# onl% "or
the ober'ation o" $reure an#Dor tem$erature o" one or more reer'oir, the
mo'ement o" the contact between "lui#, or to ober'e other $h%ical an#
chemical characteritic o" the reer'oir or reer'oir5
PRODUCTION WELL: +t i the well through which h%#rocarbon are
$ro#uce# "rom one or more #ico'ere# reer'oir5
E'PLORATORY WELL: +t i the well #e"ine# in the Law, an# the one
that later will be able to er'e "or another $ur$oe5
BUDGET: +t i the "inancial annual $lan o" cot, e&$ene, an#
in'etment inten#e# to the "ul"illment o" a $rogram o" wor? in con"ormit% with
thi regulation5
PRODUCTION OR HYDROCARBONS PRODUCTION: 6n% e&traction
o" h%#rocarbon "rom one or more reer'oir through one or more well5
COMMERCIAL PRODUCTION: =$eration "ul"ille# in or#er to maintain
a regulate $ro#uction that i $ro"itable un#er the commercial $ractice o" the
Traduccin Libre
$etroleum international in#utr%5 =ne ha to ta?e into account cot, e&$ene
an# in'etment $oterior to the #ate in which the "uture commercialit% o" the
$etroleum "iel# i coni#ere#, a well a all the $a%ment that the contractor
mut $a% to the Go'ernment accor#ing to the Law5
IDEAL PRODUCTION: 29o#i"ie# b% article 1 o" Go'ernmental
6greement Number 153-9035 +t i the $ro#uction that allow the ma&imum, "inal,
economic reco'er% o" a #ico'ere# reer'oir with a rate in which the $ro#uction
can be carrie# out without an e&cei'e #ecline in the reer'oirF energ%5
EVALUATION TRIALS: The% are thoe that allow one to #etermine the
$reence o" h%#rocarbon, an# to obtain the necear% $arameter to con"irm i"
the #ico'er% i a commercial one5
POINT OF LOAD: +t i one o" the en# i#e o" the $i$eline or ga
$i$eline "rom which the tran$ort o" h%#rocarbon begin5
POINT OF DELIVERY: +t i one o" the en# i#e o" the $i$eline or ga
$i$eline to where the tran$orte# h%#rocarbon come5
INTERMEDIATE POINT OF MEASUREMENT: +t i the $oint $lace#
ini#e the e&$loration area, etablihe# "or the meaurement o" h%#rocarbon in
or#er to aign a clear $ro#uction an# reco'erable cot o" it5 Gi'en that a
common %tem an# the corre$on#ing $oint o" meaurement are authori!e#,
in con"ormit% with article 001 o" thi :egulation5
COMMON SYSTEM: +t i a %tem o" h%#rocarbon e&$loitation, with
e&ce$tion o" an% t%$e o" well, ue# in *oint "orm "or two or more e&$loitation
area, in or outi#e the ame one5 +t inclu#e an% wor? o" in"ratructure locate#
out o" the e&$loitation area, #irectl% relate# to the o$eration o" e&$loitation o"
the abo'e mentione# area5
HYDROCARBON E'PLOITATION SYSTEM: +t conit o" all the
"acilitie ini#e an e&$loitation area "or the e&$loitation o" h%#rocarbon5 +t run
"rom the reer'oir u$ to the $oint o" meaurement, an# inclu#e it
#e'elo$ment well( the e$aration $lant, $uri"ication an# $roceing,
liAue"action or im$ro'ement o" h%#rocarbon( line o" "low, an# an% another wa%
o" tran$ort( ul"ur an#Dor other ubtance $lant5 +n a##ition to thi, wit
inclu#e torage, bomb, com$reor, o""hore, #rilling $lat"orm( hort
co'erage ma me#ia uch a tele$hone, telegra$h an# ra#io( roa#,
highwa%, runwa%, air$ort, o""ice an# an% another "urniture or buil#ing that
are in ue o" the %tem( an# all other wor? relate# to it5
THIRD PARTIES: The% are the natural or *uri#ical, national or "oreign
$eron, #i""erent "rom the $art5
TERMINAL: +t i the et o" "acilitie contructe# to tore h%#rocarbon5
Thee "acilitie inclu#e bomb, com$reor, machiner%, control, torage
tan?, an# meaurement "acilitie5 +t alo inclu#e area in which the "acilitie
are intalle#, an# all the wor? contructe# "or the ame ob*ect, which will be
Traduccin Libre
able to er'e, in#itinctl%, "or the loa# an#Dor e&haut o" truc? tan?, boat tan?,
an# rail roa# tan?5 The% will alo er'e "or the "illing or em$t%ing o" $i$eline
an# ga $i$eline5
MARITIME TRANSPORT: +t inclu#e the 'alue o" the a$$licable tari"",
bae# on internationall% acce$te# tari"" o" tran$ort, the cot o" aurance
an# the cot normall% inclu#e# "or maritime tran$ort in the $etroleum
international in#utr%5
TRIMESTER: +t mean a $erio# o" three 233 conecuti'e month bae#
on the Gregorian <alen#ar5 +t begin the "irt #a% o" Banuar%, the "irt #a% o"
6$ril, the "irt #a% o" Bul%, or the "irt #a% o" =ctober5 +t en# on the twent% "ourth
hour 20,3 o" the lat #a% o" 9arch, Bune, .e$tember an# December o" e'er%
%ear, re$ecti'el%5
MARITIME +ONE: The% are the territorial water, the continental
$lat"orm, an# the economic e&clui'e !one o" the Nation5
TERRESTRIAL +ONE: +t i the national territor% minu the maritime
!one5
CHAPTER II
GENERAL DISPOSITIONS
Ar!"#$ 4%- UNITS OF MEASUREMENT% 29o#i"ie# b% article 0 o"
Go'ernmental 6greement Number 153-9035 The liAui# h%#rocarbon, an%thing
it nature an# t%$e i, will ta?e the barrel a it unit o" meaurement5 +n cae o"
the gaeou h%#rocarbon, the unit o" meaurement will be the cubic meter5
+n cae o" the #etermination o" $eci"ic gra'it% o" the liAui# h%#rocarbon,
thi will be e&$ree# in con"ormit% with the cale o" #egree 6P+ "rom the
6merican +ntitute o" the =il, with a$$ro&imation o" a tenth o" #egree 6P+5
Ar!"#$ ,%- IDENTIFICATION OF CONTRACTS% 6n% contract o"
$etroleum o$eration will be numbere# "rom one in "orwar# o" e'er% %ear
calen#ar an# to the correlati'e number that corre$on# the contract5 To thi
number, it will be a##e# e$arate# b% a cri$t, the lat two number
corre$on#ing to the %ear in which it woul# ubcribe5

Ar!"#$ -%- BEGINING OF THE EFFECTS OF A CONTRACT% 6n%
contract o" $etroleum o$eration tart out in the e""ecti'e #ate5 The $ublication
o" the contract o" $etroleum o$eration will be #one in "i"teen 2153 wor?ing #a%
"ollowing the #ate o" the Go'ernmental 6greement o" a$$ro'al5 +n cae the
contractor #oe not "ul"ill with the abo'e in#ication, an# #oe not e&it the
groun# that *uti"ie uch a breach, the bail o" utainment will be $ut into
e""ect, an# the contract will ta% without an% legal e""ect5
The contractor will $reent be"ore the Petroleum :ecor#, "or "iling
reaon, a co$% o" the =""icial Diar% in where the ubcribe# contract i
Traduccin Libre
$ublihe#5 The contractor will alo $reent an authentic co$% o" the contract to
$rocee# to #o the incri$tion that corre$on# in the re$ecti'e recor#5
Ar!"#$ .%- SUSPENSION OR RENEWAL% The u$enion or renewal
that in the e&ecution o" a contract i grante# to the contractor b% 'irtue o" the
Law, thi regulation an# the re$ecti'e contract, in no cae houl# be im$lie# or
inter$rete# a an e&tenion to the term o" twent%-"i'e 2053 %ear that etablihe
the article 10 o" thi Law5
Ar!"#$ 8%- USE OF CONTRACTORS AND SUBCONTRACTORS OF
PETROLEUM SERVICES% The contractor will be able to e&ecute the $etroleum
o$eration ob*ect o" the contract, #irectl% or through contractor o" $etroleum
er'ice, an# thee through ubcontractor o" the ame er'ice5 +n cae the
contractor will celebrate contract o" $etroleum er'ice, it remain un#ertoo#
that whoe'er gi'e uch er'ice will not be able to e&ecute at the e&$ene o"
the "irt one the obligation that, with regar# to the .tate, the contractor mut
e&ecute5 The ubcontractor will not be able to conclu#e the totalit% o" the
o$eration that the contractor mut e&ecute in con"ormit% with the Law5
Ar!"#$ /%- INFORMATION OF DISCOVERIES% The contractor an# the
contractor, or ubcontractor o" $etroleum er'ice, through the contractor, or
the hol#er o" a $ermiion, ha'e the obligation to re$ort imme#iatel% to the
Direction on the #ico'er% o" h%#rocarbon, an% cla o" mineral #e$oit an#
treaure( archaeological ite or hitorical $iece( an# other o" an% nature,
which control an# coner'ation i necear% in interet o" the $atrimon% o" the
Nation5
7hen treaure, archaeological ite, or hitorical $iece are #ico'ere#,
all the "acilitie nee#e# to reali!e in$ection will be gi'en to the corre$on#ing
authoritie5 The #i$oition that in the matter are emitte# will be "ul"ille# in
or#er to a"eguar# thoe area that "or their archaeological or hitorical
im$ortance are ha'e to be $reer'e# an# $rotecte#5
Ar!"#$ 10%-OTHER DISCOVERIES AND APPLICABLE LAWS% +" a a
reult o" the $etroleum o$eration the% will be #ico'ere#, obtaine#, or
$ro#uce# not h%#ro-coal-li?e ubtance o" national interet, e&ce$t thoe
arrange# in thi regulation, their utili!ation will be rule# b% the re$ecti'e law5
+n an% cae, that #ico'er% will not grant right or an% $riorit% to the com$an%5
Ar!"#$ 11%- PROHIBITION% +t i $rohibite# to celebrate arrangement,
agreement, or to acAuire commitment, #irectl% or in#irectl%, "or oneel" or
through other $eron, ten#ing to elu#e the #ue "ul"illment o" the commitment
acAuire# in the contract or that tr% to ta?e a#'antage o" the bene"it that grant
the contractor "or $ur$oe #i""erent "rom thoe o" the $etroleum contracte#
o$eration5
Ar!"#$ 1&%- USE OF WOOD AND WATERS% Pro'i#ing that it "ul"ill the
reAuirement that the law an# the b%law #eman#, the contractor will be able
to ue, e&clui'el% "or the wor? o" hi $etroleum o$eration, the natural,
Traduccin Libre
contruction material, the woo#, an# the water o" the national area $lace#
ini#e the limit o" the contract area5
The $re'iou tatement #oe not inclu#e the "acult% to ta?e a#'antage o"
$reciou woo#, which cutting #own an# bene"it are ub*ect to $ecial law, to
ta?e a#'antage, to the #etriment o" the $o$ulation, the woo# ue# a "uel-woo#
"or #ometic ue or the ource that er'e "or the u$$l% o" #rin?able water5
Ne'erthele, i" to carr% out a $etroleum o$eration the% will be oblige# to
clean a ur"ace an# cut #own $reciou woo#, the contractor will communicate it
to the Direction5 The contractor will $ut to the DirectionF #i$oition, in the
$lace o" cutting #own, the tree that the% will ha'e cut5

+" the% were woo# o" $ri'ate $ro$ert%, or water, which utili!ation will be
bene"icent "or $o$ulation or $articular $eron( the com$an% will ha'e be in
agreement with the $o$ulation or $eron in the wa% an# "orm o" acAuiring
thoe5 +n a##ition, the% will ha'e to agree with their ue, a it were the cae5
Ar!"#$ 13%- COMUNICATION WAYS AND AIRPORTS% The
communication wa% an# air$ort that were built a a reult o" the e&ecution o"
a contract o" $etroleum o$eration coul# be ue# b% the $ublic, accor#ing to the
Law, $re'ioul% to the conent o" the 9initr%, a long a their ue will not a""ect
the #e'elo$ment o" the $etroleum o$eration5
Ar!"#$ 14%- REFERENCE FILES% The in#i'i#ual or *uri#ical, national or
"oreign $eron, authori!e# to o$erate in the :e$ublic, which are interete# in
wor?ing on $etroleum o$eration in the countr%, will be able to reAuet be"ore
the De$artment, the "ormation containe# in re"erence "ile in where the
in"ormation i com$ile#5 The% coul# alo reAuet #ocumentation that i
necear% "or an% management relate# to the o$eration be"ore mentione#,
without $re*u#ice o" the in"ormation an#Dor a##itional #ocument that are
reAuete# in the re$ecti'e ummon5
The in"ormation an#Dor #ocumentation that were containe# in the
re"erence "ile will be able to be u$#ate# on initiati'e o" the interete# $artie or
at call o" the 9initr%5
Ar!"#$ 1,%- PAPER IN WHICH IT MUST BE MANAGED% 29o#i"ie# b%
6rticle 3 o" Go'ernmental 6greement Number 153-9035 6ll management
reali!e# be"ore the Go'ernment, relate# to the a$$lication o" the Law, will be
#one in bon# $a$er with a ma&imum ue o" twent%-"i'e 2053 line $er i#e( with
a le"t margin o" "ort% 2,03 millimeter minimum, with two im$le co$ie, $ro'i#ing
that a ma*or number o" co$ie i not $eci"ie#5
CHAPTER III
TECHNICAL AND FINANCIAL CAPACITY OF THE CONTRACTORS
Traduccin Libre
Ar!"#$ 1-%- INFORMATION AND DOCUMENTS% To etimate the
technical-"inancial ca$acit% an# the $ro'en e&$erience in the matter o" an
$eci"ic contract, the in#i'i#ual or *uri#ical $eron interete# in o""iciating a
contract o" $etroleum o$eration will $reent, in con"ormit% with the "ollowing
article, in the #ate or term that et to recei'e o""er, the in"ormation an#
#ocument in#icate# in the "ollowing article( an# thoe who are nee#e# in the
re$ecti'e ummon5
Ar!"#$ 1.%- FINANCIAL CAPACITY% 29o#i"ie# b% 6rticle , o"
Go'ernmental 6greement Number 153-9035 To etimate ob*ecti'el% the "inancial
ca$acit% one will $reent the "ollowing in"ormation an# #ocument "rom the lat
two annual $erio# be"ore the #ate o" o""er recei$t:
a3 Total aet at the en# o" e'er% $erio#(
b3 .ale o" cru#e oil, con#enate, natural ga, an# $etroleum $ro#uct(
c3 Total in'etment accumulate# at the en# o" e'er% $erio# carrie# out in
the countr% o" origin(
#3 +n'etment in total $etroleum o$eration accumulate# at the en# o"
e'er% $erio#, carrie# out in the countr% o" origin(
e3 +n'etment in total $etroleum o$eration accumulate# at the en# o"
e'er% $erio# carrie# out in in#utriali!e# countrie(
"3 +n'etment in total $etroleum o$eration accumulate# at the en# o"
e'er% $erio#, carrie# out in #e'elo$ing countrie(
g3 <lai"ication o" the e&$loration, e&$loitation, tran$ort, re"ining,
mar?eting, an# $etrochemical in'etment(
h3 Guote o" the hare o" toc?, in the mar?et o" the countr% o" origin, an# in
other international mar?et, in $ercentage to it nominal 'alue(
i3 =btaine# %iel#, "or e'er% monetar% unit in'ete# in the $urchae o"
or#inar% an# $re"erential action(
*3 Declaration o" two "inancial or ban? intitution #i""erent "rom each other,
that cre#it the "inancial a$titu#e to e&ecute $etroleum o$eration:
?3 -inancial tatement au#it b% "irm o" recogni!e# $retige, "or each o"
the $erio#( an#
l3 National or international ban? re"erence5
7hen in reaon o" the #ate o" o""ering $reentation, the $eron who
o""er #oe not ha'e a'ailable one or an%more o" the #ocument in#icate# in
thi article, corre$on#ing to the lat $erio#, he will be able to $reent the
#ocument corre$on#ing to the two 203 $re'iou $erio#5
Traduccin Libre
To ob*ecti'el% etimate the "inancial ca$acit% o" the in#i'i#ual or *uri#ical,
national or "oreign $eron, who "or being o" recent contitution cannot $reent
the reAuirement $eci"ie# in the $re'iou claue o" thi article( the% will ha'e
to $reent the "ollowing:
+3 +" it i an in#i'i#ual $eron, he will $reent hi Patrimonial .tate emitte#
within thirt% 2303 #a% be"ore the #ate o" the $reentation o" hi o""er,
which will ha'e to be certi"ie# b% a $ublic boo??ee$er an# an au#itor,
member o" the aociation o" aet5 +" he i an in#i'i#ual national
$eron or in#i'i#ual "oreign $eron, the tatement ha to be certi"ie# b% a
com$an% o" $ublic boo??ee$er an# au#itor o" hi countr% o" origin5
++3 +" it i a legal $eron, he will ha'e to $reent a General 4alance, or when
it i the cae, a General <onoli#ate# 4alance emitte# within thirt% 2303
#a% be"ore the #ate o" the $reentation o" hi o""er, which will ha'e to be
certi"ie# b% a $ublic boo??ee$er an# an acti'e licene# au#itor5 +" it i a
national legal $eron or "oreign legal $eron, the balance ha to be
certi"ie# b% a com$an% o" $ublic boo??ee$er an# au#itor o" hi countr%
o" origin5
+++3 The in#i'i#ual $eron a well a the legal one will ha'e to $reent a -low
o" -un# certi"ie# in con"ormit% with the $re'iou claue5
+;3 Declaration o" two "inancial or ban? intitution #i""erent "rom each other
that u$$ort the "inancial ca$acit% to e&ecute an% t%$e o" $etroleum
o$eration5
;3 National or international ban? re"erence5
Ar!"#$ 18%-TECHNICAL CAPACITY% 29o#i"ie# b% 6rticle 5 o"
Go'ernmental 6greement Number 153-9035 To ob*ecti'el% etimate the
technical ca$acit% an# the $ro'en e&$erience in the matter o" the contract, when
it i a$$licable, the "ollowing in"ormation an# #ocument $er countr% houl# be
$reente#5 The% ha'e to be "rom the lat two 203 annual $erio# $re'iou to the
#ate o" recei$t o" o""er:
a3 8""ecti'e #ico'erie o" cru#e oil, con#enate, an# natural ga(
b3 Percentage o" uccee concern o" the total number o" e&$lorator% an#
#e'elo$ment, $er"orate# well(
c3 Total reer'e o" cru#e oil, con#enate, an# natural ga a aet o" the
interete# $eron(
#3 <ru#e oil, con#enate, an# natural ga $ro#uction(
e3 <a$acit% an# t%$e o" re"ining an# $etrochemical $rocee that the
$eron $oee(
Traduccin Libre
"3 .%tem an# ca$acit% o" tran$ort o" h%#rocarbon that he $oee(
g3 +n"ormation that #emontrate it ca$acit% o" mar?eting( an#
h3 6 lit o" the countrie in which thi $eron e&$lore or e&$loit
h%#rocarbon, in#icating in which cae he act a the o$erator5
To ob*ecti'el% etimate the technical ca$acit% an# the $ro'en e&$erience
in the matter o" the contract "or the national or "oreign legal $eron, who "or
being o" recent contitution cannot "ul"ill with the reAuirement $eci"ie# in the
$re'iou claue o" thi article, the% will $reent the "ollowing:
+5 .worn tatement o" the lit an# reume o" the $eronnel with technical
ca$acit% that the o""erer will em$lo% to initiate the $etroleum o$eration
moti'e o" the contract5 =therwie, the lit an# hitor% o" the com$an% that
will $ro'i#e technical u$$ort to the o""erer5 +n the econ# cae, there will
ha'e to be $ro'i#e# the in"ormation an# #ocument to which the claue
re"erring "rom a3 to h3 mentione# at the beginning thi article, an# an%
another in"ormation that i con'enient(
++5 Decri$tion an# lit o" the minimum $oition or technical $oition that
the o""erer will ue to carr% out each o" the $hae or $erio# o" the
contract5 Thi #ecri$tion an# lit will be recor#e# in the contract(
+++5 6uthentic worn tatement that the $etroleum er'ice or $eron that
the o""erer #eci#e or houl# contract in cae o" wining the ummon, will
be #one with contractor o" $etroleum er'ice, an# $ro"eional or
technician, a it i the cae, o" recogni!e# ca$acit% in that $eci"ic
$etroleum o$eration5
Ar!"#$ 1/%- )UALIFICATION% 29o#i"ie# b% 6rticle / o" the Go'ernmental
6greement Number 153-9035 The Auali"ication o" the technical-"inancial
ca$acit% an# $ro'en e&$erience o" the in#i'i#ual or *uri#ical $eron in the matter
o" the contract will be etimate# b% the 9initr% in the "orm an# o$$ortunit%
tate# in the re$ecti'e regulation o" ummon5
Ar!"#$ &0%- TECHNICAL 0 FINANCIAL, COMBINED CAPACITY% Two
or more in#i'i#ual or *uri#ical $eron will be able to reAuet that the% houl# be
accre#ite# the technical-"inancial ca$acit% an# $ro'en e&$erience in the matter
o" the contract com$lementing itel" b% *oining one with another5 Ne'erthele,
onl% the one that $oee the technical ca$acit% will be able to act a the
o$erator5
CHAPTER IV
PERMISSIONS OF SUPERFICIAL RECOGNITION
Traduccin Libre
Ar!"#$ &1%-INSCRIPTION% The in#i'i#ual or *uri#ical, national or "oreign
$eron, interete# in carr%ing out o$eration o" u$er"icial recognition, will ha'e
to obtain $ermiion o" the 9initr%5
The $re'iou tatement ha not $re*u#ice o" the im$licit right that a
contractor, who e&ecute o$eration o" e&$loration an#Dor e&$loitation, ha o"
reali!ing o$eration o" u$er"icial recognition ini#e hi area o" contract5
Ar!"#$ &&%- FORMAL RE)UIREMENTS OF THE RE)UEST% 229o#i"ie#
b% 6rticle 3 o" the Go'ernmental 6greement Number 1/5-000535 The $eron,
who reAuet $ermiion "or u$er"icial recognition, mut $reent be"ore the
Direction, a reAuet that will ha'e to contain:
a3 +" it were an in#i'i#ual $eron:
15 Name an# urname o" the olicitor(
05 6ge, marital tatu, nationalit%, $ro"eion, an# #omicile(
35 Legal co$% o" the $eronF +#enti"ication <ar# or $a$ort(
,5 Ta& $a%able number car#(
55 6##re to recei'e noti"ication( an#
/5 +" it i through a Legal $eron, mut be accre#ite# b% it5
b3 +" it were a legal $eron:
13 Legal co$% o" the #ee# o" the ociet%, thi mut be legali!e# b% the
:egiter o""ice(
03 Domicile o" the contitution o" the ociet% an# $lace to recei'e
noti"ication(
33 Name an# urname o" the Legal re$reentati'e an# their
general, legal co$% o" the #ocument emitte# b% the :egiter
o""ice(
,3 Ta& $a%able number car#5
c3 =b*ect o" the reAuet, ubmiion o" a ma$ in cale 1:50,000, where it
in#icate the geogra$hical location o" the 'erte&e o" the area or area o"
national territor% to which it i in#icate# i" the area co'er contract areaD(
#3 <lear an# categorical mani"etation in which it will aert the com$romie
o" "ul"illment with the tatement in claue c3 o" the "ollowing article(
e3 <lear an# categorical mani"etation in which the olicitor an#Dor hi
re$reentati'e urren#er to the court with hea#Auarter in the cit% o"
Guatemala( an#
"3 Place, #ate an# legali!e# ignature o" the interete# $eron or o" the
legal re$reentati'e, a it i the cae5
7ith the reAuet there will be ubmitte# a worn tatement that contain
the wor? an# bu#get that the interete# $art% will e&ecute5 +n cae the
interete# $art% obtain a reolution "a'orable to hi reAuet, an# in the
Traduccin Libre
e&ecution o" the $ermiion he $lan to carr% out wor? an# in'etment
u$erior to thoe in#icate# in the worn tatement, he will ha'e to ac?nowle#ge
them to the De$artment5
Ar!"#$ &3%- RESOLUTION OF GRANT% )a'ing alrea#% "ille# the reAuet
"orm, the Direction with it o$inion will $reent it, along with the re$ecti'e
#ocumentation, to the 9initr% "or the coneAuent e""ect5 The 9initr% will
emit, in thirtie 2303 "ollowing #a% o" recei'e# the reAuet, the reolution o" the
$ermiion o" u$er"icial recognition, which will inclu#e among other a$ect the
"ollowing one:
a3 The area in which he will be able to carr% out the u$er"icial
recognition, a well a the o$eration that he will be able to reali!e in
agreement to the $rogram o" wor? alrea#% $reente#(
b3 The term o" the $ermiion(
c3 The obligation to in"orm $erio#icall% the Direction about the
#e'elo$ment o" hi o$eration in the "orm an# o$$ortunit% that thi
in#icate, an# to #eli'er in original with two co$ie, the in"ormation that
it i obtaine# in the coure o" the o$eration o" u$er"icial recognition,
a well a the inter$retation or $roceing o" the it, without an% cot(
#3 The obligation, in the la$e in which the $ermiion lat, o" gi'e
training to two technical $eronnel o" the 9initr%, in the t%$e o"
o$eration that he will reali!e, in a $erio# not le than three 233
month, "or e'er% %ear o" term o" $ermiion, when it i reAuire# b% the
9initr%(
e3 7ithout harm o" the obligation to in#emni"% the owner o" area, or to
an% $eron to whom it caue #amage an#Dor harm, the obligation to
co'er a bail, which amount will be "i'e $er cent 25 E3 o" the $reente#
bu#get(
"3 The obligation to allow to the $eronnel o" the 9initr% the acce, in
an% moment, to the wor? an# in"ormation that i being obtaine#( an#
g3 The $a%ment an# other obligation that the De$artment coni#er
uitable5
&4%- CONFIDENTIALITY% The 9initr%, at call o" the hol#er o" the
$ermiion, will u$$ort the con"i#entialit% o" the in"ormation that i #eri'e# an#
$ro'i#e# "rom the $ermiion, in a term o" u$ to two 203 %ear counte# "rom the
#ate o" recei$t o" the abo'e mentione# in"ormation5
The hol#er o" the $ermiion will be able to gi'e to the in"ormation an#
in"ormation #eri'e# "rom the e&ecution o" hi o$eration the legal ue that i
bet con'enient to hi interet5 Ne'erthele, the .tate, while the $erio# o"
con"i#entialit% lat, will be able to ue uch in"ormation "or the internal tu#ie
that it reali!e5
Traduccin Libre
Ar!"#$ &,%- CANCELLATION OF PERMISSION% The De$artment will
be able, in an% moment, without re$onibilit% o" hi $art, to cancel the
$ermiion that it will ha'e grante#, in cae the hol#er o" the $ermiion #oe
not "ul"ill with an% o" the obligation "oreeen in the Law, in the $ermiion itel",
or when #i""erent wor? are e&ecute# #i""erent "orm thoe in#icate# in the
reolution o" grant5
Ar!"#$ &-%- BEGINING OF THE EFFECTS OF PERMISSION% =nce the
reolution o" grant o" the $ermiion i emitte#, the interete# $eron will e""ect
the $a%ment o" the a#minitrati'e rate where it "it5 )a'ing accre#ite# thi
be"ore the 9initr%, the interete# $eron will $ublih, to hi e&$ene, in the
=""icial Diar%, the mentione# reolution, #ate "rom which it will $ro'i#e it
e""ect5
Ar!"#$ &.%- E'CEPTION% The $eron interete# in reali!ing wor? o"
ur"ace geolog% an#Dor geochemical "iel# wor? with a bu#get not ma*or to a
hun#re# thouan# Guet!ale 2G5100, 0005003 will be able to reAuet
$ermiion5 +n a##ition, the% will be ub*ect to the regulation containe# in the
article 03, claue #3 an# g3 an# 0/, with e&ce$tion o" the $ublication o" the
reolution, both o" thi regulation5
Ar!"#$ &8%- REGISTRATION IN THE PETROLEUM RECORD% =nce
the reolution o" grant o" the $ermiion i $ublihe# in the =""icial Diar%, the
interete# $art% will $reent be"ore the 9initr%, a co$% o" the abo'e mentione#
$ublication where the reolution a$$ear to carr% out hi regitration in the
Petroleum :ecor#5
Ar!"#$ &/%- E'TEND% The hol#er o" a $ermiion will ha'e right to the
an e&tenion, i" he #emontrate to ha'e "ul"ill all the obligation #uring the
$re'iou $erio# o" the $ermiion5 -or thi e""ect, the hol#er o" the $ermiion
will ha'e to $reent in writing be"ore the Direction with, at leat, a month o"
antici$ation to the maturit% o" the $ermiion hi #eire to e&ten# it( in which
cae, it will ha'e to be ober'e#, in what it houl# be a$$licable, the regulation
containe# in article 00, 03, 0/ an# 08 o" thi regulation( e&ce$t the "oreeen in
article 015 The 9initr% will emit the reolution be"ore the term o" $ermiion
"inihe5
CHAPTER V
TRANSFERENCE OF RIGHTS DERIVED FROM A CONTRACT
Ar!"#$ 30%- TRANSFERENCE OF RIGHTS RE)UEST% The contractor
interete# in %iel#ing $art or the totalit% o" the right #eri'e# "rom a contract o"
$etroleum o$eration mut reAuet be"ore the 9initr% the authori!ation
reAuire# b% article 18 o" the Law, in writing, attaching to hi reAuet:
a3 Document that cre#it the legal e&itence an# recor# o" the in#i'i#ual or
*uri#ical, national or "oreign $eron, $ro$oe# to $robabl% recei'e the right
Traduccin Libre
an# obligation, an# in it cae, the authori!ation to ma?e buine in the
:e$ublic(
b3 6uthentic mani"etation o" the interet o" the $eron, who will $ro'abl%
recei'e the obligation, in the acAuiition o" the contractual right5 )e alo
ha to mani"et that he will aume all the obligation an# re$onibilitie
inherent in the contract o" $etroleum o$eration( an#
c3 Document that cre#it the technical-"inal ca$acit% an# e&$erience o" the
$ro$oe# $eron, who will $ro'abl% recei'e the obligation an# right, in
relation to the cla o" $etroleum o$eration ob*ect o" the re$ecti'e
contract, in con"ormit% with the $arameter etablihe# in article 11, 18,
an# 00 o" thi regulation5
7hen it i the cae o" a *oint o$eration, there mut a$$ear the reAuet o"
not onl% the contractor but alo other aociate contractor, gi'ing their
com$liance to the $ro*ecte#, tran"erence o" right5
Ar!"#$ 31%- PROCESS OF THE RE)UEST% The 9initr% will obtain the
*u#gment that are uitable to etablih the "ollowing:
a3 +" the $ro$oe# $eron $robabl% recei'ing the right an# obligation
aemble the necear% reAuirement to acAuire "rom the contractor the
contractual right that he claim( an# i" he i ha the ca$acit% to "ul"ill the
obligation an# contractual re$onibilitie(
b3 +" the $ro*ecte# tran"er im$lie ome #ia#'antage "or the interet o" the
countr% or it $etroleum $olitic(
c3 +n it cae, which a##itional con#ition can be #etermine# when the tran"er
i being authori!e#(
#3 +" the contractor i ol'ent with the .tate a "or o""ere# wor? an# $a%ment
in con"ormit% with the Law, thi regulation an# the contract( an#
e3 =ther circumtance that it i $ertinent to conign5
Ar!"#$ 3&%- COMMISSION1S OPINION% =nce the *u#gement an# the
in"ormation an# in the $re'iou article i gathere#, the <ommiion will learn
about the reAuet an# will emit it o$inion( $eciall% #eclaring o'er the
con'enience o" authori!ing the tran"er( an# in it cae, the a##itional
con#ition that houl# be "i&e# in the $articular cae5
Ar!"#$ 33%- ADDITIONAL CONDITIONS% 7hen the nee# o" a##itional
con#ition i coni#ere# uitable, be"ore granting the authori!ation, it will be
ac?nowle#ge to the contractor an# to the $eron $ro$oe# to $robabl% recei'e
the right an# obligation, o that the% e&$re their acce$tance5 +n cae that
the a##itional con#ition were not acce$te#, the 9initr% will be able to ol'e
the reAuet negati'el%5
Traduccin Libre
Ar!"#$ 34%- DEED, RECORD AND PUBLICATION% Grante# the
authori!ation o" tran"er, $reente# the corre$on#ing guarantee an# cre#ite#
the $a%ment o" the a#minitrati'e re$ecti'e rate "or the $eron $ro$oe# to
$robabl% recei'e the right an# obligation, he will $reent to the 9initr% a
minute o" the contract o" tran"er "or it a$$ro'al5 =nce the minute i a$$ro'e#,
one will be able to ign the contract o" tran"er, which will rie u$ to $ublic
writing, in which the te&t o" the authori!ation mut be inerte#5
The contract o" tran"er will be $ublihe# in the =""icial Diar%, at the cot
o" the interete# $art%, a co$% o" the abo'e mentione# $ublication mut be
$reente#5 +n thi co$% houl# be inerte# the igne# contract an# tetimon% o"
the $ublic re$ecti'e writing to the Petroleum :ecor#, "or the e""ect o" it
incri$tion in the re$ecti'e recor#5
-rom the #ate o" the $ublication o" the contract o" tran"er in the =""icial
Diar%, the $eron $ro$oe# to $robabl% recei'e the right an# obligation will be
accounte# a the contractor "or all the legal an# contractual e""ect5
CHAPTER VI
CONSTITUTION OF SERVITUDES, TEMPORARY OCCUPATION AND
E'PROPRIATION
Ar!"#$ 3,%- ENTRANCE TO AREAS% +n area $ro$ert% o" the .tate the
tu#ie necear% will be able to be $ractice# "or the acti'itie to which the Law
re"er( a well a ta?ing am$le o" the oil, intalling #e'ice an#, in general, to
carr% out an% acti'it% necear% "or the #ue e&ecution o" $etroleum o$eration
ob*ect o" a contract or $ermiion5 +n the cae o" area o" $ri'ate or munici$al
$ro$ert%, the be"ore mentione# acti'itie will be able to be reali!e# not be"ore
being in agreement with the owner or hol#er o" the abo'e mentione# area5
The #amage that are caue# mut be in#emni"ie# at the ma*or
brie"ne, accor#ing to agreement between the owner, or hol#er o" the area,
an# the $eron in charge o" ha'ing caue# them5
+n cae o" not being in agreement with the owner or hol#er o" the area in
which the $etroleum o$eration will be lea#, it will be ub*ecte# to the
regulation in article /1 o" the Law5
Ar!"#$ 3-%- CONSTITUTION OF SERVITUDES, TEMPORARY
OCCUPATION AND E'PROPRIATION% -or the a$$lication o" the regulation in
article /1 o" the Law, in or#er to $ro'e in e'er% cae the utilit% or $ublic nee#,
the 9initr% will reAuet to the Direction to #eclare which rule, "rom the
mentione# one, turn out to be le bur#enome "or the owner or hol#er o" the
area, an# which i mot a#a$te# "or the $ur$oe that i $roecute#5 6 oon a
$oible, the tem$orar% occu$ation will be choen5
Ar!"#$ 3.%- RESTRICTIONS% 29o#i"ie# b% article 1 o" Go'ernmental
6greement Number 153-9035 <ontitute# a er'itu#e or #eclare# an occu$ation,
Traduccin Libre
the 9initr% will communicate it to the 9unici$alitie an# re$ecti'e intitution,
which will not be able to grant $ermiion o" contruction or recontruction in
the area abo'e mentione#, unle the% $oe an e&$re authori!ation o"
the 9initr%5 +n thi authori!ation, the limitation o" the er'itu#e or occu$ation
mut be tate#5
7hen it i the cae, the 9initr% o" <ommunication, Tran$ort an#
Public 7or?( the 9unici$alitie( or other intitution o" the .tate, a "or the
contruction o" $ublic route an# area o" communal er'ice, will carr% out,
when it i trictl% necear%, the wor? o" mo'ement o" $i$eline or ga $i$eline,
an# other relate# "acilitie that corre$on# to the right o" er'itu#e or tem$orar%
occu$ation in con"ormit% with the $ractice o" the $etroleum international
in#utr%( otherwie, the $eron mentione# at the beginning o" thi $aragra$h
will recogni!e b% mean o" $re'iou monetar% #e$oit, the cot o" uch tran"er
wor? in con"ormit% with the bu#get a$$ro'e# b% the 9initr%5 The ame
$roce#ure will be a$$lie# in cae o" $articular $eron5
CHAPTER VII
E'ONERATIONS AND PREFERENCE OF ASSETS AND SERVICES
Ar!"#$ 38%- TEMPORARY IMPORT OF ASSETS% 29o#i"ie# b% 6rticle ,
o" the Go'ernmental 6greement Number 1/5-000535 -or the e""ect o" the
a$$lication o" the incie b3 at article 05 o" the Law, it will be coni#er a a
tem$orar% im$ort the machiner%, eAui$ment, u$$lie an# acceorie to be
utili!e# in the "ollowing oil in#utr% acti'itie:
a3 .u$er"icial recognition(
b3 Drilling an# com$letion well, inclu#ing $i$e line(
c3 8tablihment o" the %tem o" e&$loitation, an# o" the common %tem(
#3 Pro#uction, $roce, re"ining an# torage o" h%#rocarbon(
e3 <ontruction an# %tem o$eration o" tran$ort( an#
"3 The contruction o" highwa%, cam$ an# other wor? o" in"ratructure
locate# in the :e$ublic, ini#e or out o" the area o" the contract, #irectl%
relate# to the acti'itie e&ecute# a coneAuence o" the contract5
The 9initr% will $rocee# the Auali"ication accor#ing to the lat $aragra$h
o" article 05 o" the Law re"er, ?nowle#ge the tributar% authorit% "or the ne&t
e""ect5
The tem$orar% im$ort will be u$ to "i'e 253 %ear, renewable at the
interete# $eron olicitation5

Ar!"#$ 3/%- PROHIBITED E'ONERATION% 26bolih b% the 6rticle 15 o"
the Go'ernmental 6greement Number 1/5-000535
Traduccin Libre
Ar!"#$ 40%- SANCTION FOR LAC( OF RECORD FREED ASSETS%
29o#i"ie# b% 6rticle 5 o" the Go'ernmental 6greement Number 1/5-000535 The
contractor, contractor o" $etroleum er'ice, ubcontractor o" $etroleum
er'ice, an# the hol#er o" a $ermiion that will not et in hi countable recor#
the in"ormation re"erre# to the im$ort material un#er the regime o" tem$orar%
u$enion, re"erre# to the 6rticle 05, incie b3 o" the Law, will be anctione# a
etablihe# b% article ,0 o" the ame Law5
Ar!"#$ 41%- FI'ATION OF CUSTOMS BAIL% 26bolih b% the 6rticle 15
o" the Go'ernmental 6greement Number 1/5-000535
Ar!"#$ 4&%- SCALE TO FI' THE BAIL AMOUNT% 26bolih b% the 6rticle
15 o" the Go'ernmental 6greement Number 1/5-000535

Ar!"#$ 43%- INCREASE OF THE AMOUNT OF CUSTOMS BAIL%
26bolih b% the 6rticle 15 o" the Go'ernmental 6greement Number 1/5-000535
Ar!"#$ 44%- PREFERENCE )UALIFICATION% The contractor,
contractor o" $etroleum er'ice, the ubcontractor o" $etroleum er'ice, an#
the hol#er o" $ermiion will gi'e $re"erence to $ro#uct an#Dor Guatemalan
aet, when thee can be acAuire# in eAuall% $ro"itable con#ition with regar#
to their Aualit%, $rice, a'ailabilit% in time, an# in the nee#e# Auantitie that
corre$on# to the intention "or which the% are #etine#5 Li?ewie, the $eron
be"ore mentione# will gi'e $re"erence to Guatemalan er'ice, $ro'i#ing that
thee er'ice can be acAuire# in eAuall% $ro"itable con#ition com$are# with
er'ice o" "oreign origin5
Ar!"#$ 4,%- GUATEMALAN SERVICES% 29o#i"ie# b% 6rticle / o" the
Go'ernmental 6greement Number 1/5-000535 -or the e""ect o" the regulation
ti$ulate# in the 6rticle 00 o" the Law, will coni#er a Guatemalan er'ice
thoe that houl# be $ro'i#e# b% natural Guatemalan or "or citi!en, or "or
legal $eron contitute# in the :e$ublic
Ar!"#$ 4-%- PRODUCTS AND GUATEMALAN ASSETS% 29o#i"ie# b%
6rticle 1 o" the Go'ernmental 6greement Number 1/5-000535 +t will be
coni#ere# a Guatemalan $ro#uct an# aet thoe $ro#uce# in the countr%
or ha'e been mo#i"ie# ubtantiall% or aemble# in it mot in the :e$ublic5
Ar!"#$ 4.%- PRODUCTS, ASSETS AND2OR SERVICES DIRECTORY%
26bolih b% the 6rticle 15 o" the Go'ernmental 6greement Number 1/5-000535
CHAPTER VIII
E'CLUSIVE FUNDS
Traduccin Libre
Ar!"#$ 48%- FUNDS FOR TRAINING% 29o#i"ie# b% article 8 o"
Go'ernmental 6greement Number 153-9035 The contribution that the
contractor will ma?e bae# on the regulation on article 01 o" the Law will
become e""ecti'e in the "irt "i"teen 2153 #a% o" e'er% contract %ear #uring the
$erio# o" e&$loration, or $hae o" e'aluation accor#ing to the cae5
+n the $erio# o" e&$loitation, the "irt contribution "or training will be within
"i"teen 2153 #a% counte# "rom the e""ecti'e #ate o" election o" the "irt area o"
e&$loitation, in $ro$ortional "orm "or the ret o" the calen#ar %ear, ta?ing into
account the contribution ma#e "or the currentl% contract %ear, an# "rom then the
contribution will be #one on the "irt "i"teen 2153 #a% o" e'er% calen#ar %ear5
Ar!"#$ 4/%- RETENTION OF FUNDS% The thing etablihe# in the
$re'iou article i without $re*u#ice o" the amount that the 9initr% authori!e
$re'iou o$inion o" the <ommiion to co'er the $rogram o" training in acti'itie
#irectl% relate# with the contract that the contractor carrie out "or the
Guatemalan $eronnel that wor? "or himDher5
+n the contract o" e&$loration an#Dor e&$loitation the contractor will be
able to retain thirt% $ercent 230E3 o" the annual contribution to which article 01
o" the Law re"er, in or#er to co'er the cot an# e&$ene that he reali!e "or
the conce$t in#icate# in the "ollowing $aragra$h5 Thi $ercentage will be able
to be mo#i"ie# b% initiati'e o" the 9initr%, or b% reAuet o" the contractor
$re'iou o$inion o" the <ommiion5
The "un# o" training will er'e to co'er the cot o" incri$tion, Auota o"
tu#ie, boo?, me#ical aurance, accommo#ation e&$ene an#
nourihment, tran$ort "or going an# returning, when it i the cae( a well a
other e&$ene relate# in or#er to train, well 'ali# an# a$$ro'e# b% the 9initr%
$re'iou o$inion o" the <ommiion5
Ar!"#$ ,0%- FUNDS FOR TECHNOLOGY DEVELOPMENT% Pre'iou
o$inion o" the <ommiion, the De$artment will be able to #etine $art o" the
"un# o" training to create the con#ition that ma?e $oible the #e'elo$ment o"
technolog%, an# the accom$lihment o" tu#ie an# cienti"ic in'etigation
relate# to the $etroleum o$eration5
Ar!"#$ ,1%- 26bolihe# b% article number 35 o" Go'ernmental 6greement
Number 153-9035
Ar!"#$ ,&%- ADMINISTRATION AND CONTRACTING% 29o#i"ie# b%
article 1 o" Go'ernmental 6greement Number 1/1-000,35 The ob*ecti'e o"
accom$lih the e""ecti'e attribution o" the 9initr% an# acting accor#ing to the
6rticle ,, o" the Law re"er, thi can a#minitrate an# utili!e the $ri'ate "un#
re"erre# on the 6rticle ,5 o" the Law, a$$l%ing "or that u$ to a ten $ercent 210E3
o" the etablih "un# on the 6rticle 01 o" the ame Law, ma?ing the $ertinent
contractuation, "or what it houl# be coni#er b% the National Petroleum
<ommiion $re'iou to their a$$ro'al5
Traduccin Libre
The contract that "or thi e""ect are o""iciate# will be a$$ro'e# b% mean
o" 6greement that the 9initr% will emit in e'er% cae5
CHAPTER I'
ENDING OF THE CONTRACTS
Ar!"#$ ,3%- UNILATERAL ENDING OF THE CONTRACTS% +n the
contract there will be inclu#e# the right o" the contractor to gi'e the contract
an# en#ing at an% moment( not without communicating it in writing, an# in
authentic "orm to the 9initr% at leat with a month o" antici$ation to the
$ro$oe# #ate in or#er it #eciion to be e""ecti'e with the con#ition o" $a%ing to
the .tate the amount o" the hanging obligation, a well a to "ul"ill with the
obligation #eri'e# "rom the contract that are a$$licable at the moment o" it
com$letion5
7hen the en#ing o" a contract i "oreeen, the De$artment will ha'e to
emit the #i$oition relate# to the tran"erence o" aet, o$eration, an# the
$lan o" aban#on in the "orm etablihe# in <ha$ter ; an# ;+, Title H o" thi
regulation5
Ar!"#$ ,4%- CAUSE OF AUTOMATIC ENDING5 6ccor#ing to the nature
o" the contract in Auetion, an# without $re*u#ice o" other that are $eci"ie# in
the ame one, the contract will inclu#e at leat the "ollowing reaon o"
automatic en#ing:
a3 7hen the contractor #oe not reali!e an% commercial #ico'er% be"ore the
i&th %ear o" contract "inihe, e&ce$t "or the regulation "oreeen in article
//, claue g3 o" the Law( an#
b3 -or maturit% o" the term o" the contract5
Ar!"#$ ,,%- CAUSE OF NOT-AUTOMATIC ENDING IN CONTRACTS OF
PETROLEUM OPERATIONS% 6ccor#ing to the nature o" the contract in
Auetion, an# without $re*u#ice o" other that are $eci"ie# in the ame one, the
contract will inclu#e at leat the "ollowing reaon "or not-automatic en#ing:
a3 -or "inancial or technolog% #iabilit% o" the contractor or o" hi main o""ice
$ut o" mani"et #uring the #e'elo$ment o" it o$eration(
b3 7hen *u#icial #eclaration o" ban?ru$tc% will e&it, or *u#iciall% cre#itorI
contet i o$en to them in the countr% or abroa#(
c3 7hen the contractor or $eron $ro$oe# to $robabl% recei'e the right
an# obligation will tran"er the contract whole or $artiall% without gi'ing
"ul"illment to the regulation "oreeen in article 18 o" the Law(
#3 -or intentional $reentation o" "ale or incom$lete in"ormation( a well a
the re$eate# #ullne an# mani"et o" the labor o" the 9initr%(
Traduccin Libre
e3 7hen the contractor re$eate# or erioul% #oe not "ul"ill with the
obligation o" the contract(
"3 7hen the contractor incur re$eate#l% in the #ela% o" an% $a%ment that
corre$on# to the .tate( an#
g3 7hen the contractor will ma?e ue o" the aet which cot will be $artial
or totall% reco'ere# in con"ormit% with the contract, without the
authori!ation to which article 010 o" thi regulation re"er5
Ar!"#$ ,-%- CAUSE OF NOT-AUTOMATIC ENDING IN CONTRACTS
OF E'PLORATION AND2OR E'PLOITATION5 4ei#e the reaon o" en#ing
etablihe# in the $re'iou article, the contract o" e&$loration an#Dor
e&$loitation will inclu#e, without $re*u#ice o" other caue $eci"ie# in the ame
contract, the "ollowing reaon "or not-automatic en#ing:
a3 7hen the contractor #oe not renew the guarantee to re"er in article 11/
o" thi regulation(
b3 7hen the commercial $ro#uction o" all the area o" e&$loitation area o"
contract "inihe( an#
c3 +" the o$eration o" #e'elo$ment an#Dor o" commercial $ro#uction will
to$ in a $erio# greater than ninet% 2903 conecuti'e #a%, e&ce$t
"ortuitou reaon ma*or "orce a$$ro$riatel% a$$ro'e#5
Ar!"#$ ,.%- PROCEDURE FOR NOT-AUTOMATIC ENDING OF A
CONTRACT% 29o#i"ie# b% article 8 o" Go'ernmental 6greement Number 1/5-
000535 +" in the o$inion o" the 9initr% there e&it reaon that moti'ate the not
automatic en#ing o" a contract the "ollowing $roce#ure mut be ober'e#:
a3 The e&itence o" the reaon or reaon will be noti"ie# to the contractor
in writing, $eci"%ing the moti'e, the meaurement necear% to correct
it or to com$enate it5 +" the lat tatement wa $oible legal an# the
intention o" the 9initr% o" gi'ing the contract an en#ing, i" the reaon i
not correcte# or com$enate# accor#ing to the cae( an#
b3 +" the notable reaon i not correct or com$enate# within the term o"
ninet% 2903 #a% counte# "rom the #ate o" the noti"ication, the 9initr% will
$rocee# to #eclare the en#ing o" the contract bae# in the in'o?e#
moti'e, or#ering that the e&iting guarantee houl# be #one e""ecti'e
an# #e#ucing the re$onibilitie o" the cae, i" it will $rocee#5
Thi $roce#ure i not a$$licable to "ortuitou cae or ma*or "orce
a$$ro$riatel% $ro'en5
Ar!"#$ ,8%-RESOLUTION OF ENDING5 The reolution that #eclare the
not automatic en#ing o" a contract will be emitte# a"ter the 9initr% ha recei'e#
the o$inion o" the Direction an# o" the <ommiion5
Traduccin Libre
CHAPTER '
OPERATIONS AT THE E'PENSE OF THE STATE
Ar!"#$ ,/%- CONTRACTS OF PETROLEUM SERVICES WITH THE
GOVERNMENT% 29o#i"ie# b% article 9 o" Go'ernmental 6greement Number
1/5-000535 7hen the Go'ernment, in ue o" the "acult% "oreeen in article / o"
the Law, #eci#e to e&ecute $etroleum o$eration "or itel" will be able to #o it
b% mean o" contract o" $etroleum er'ice( being un#ertoo# a uch contract
the one in which a contractor o" $etroleum er'ice un#erta?e be"ore the
Go'ernment "or $a%ment #etermine# in the contract to carr% out the $eci"ic
er'ice with regar# to $etroleum o$eration with the eAui$ment, machiner%,
an# technolog% nee#e# to e&ecute the o$eration ob*ect o" the contract5
.uch contract o" er'ice will be able to re"er to the contruction,
managing, or o$eration o" an% intallation, eAui$ment or $lant o" an% ?in#, an#
the e&ecution o" an% $etroleum o$eration5
The minimal reAuirement o" thee contract will ha'e to ta?e in
coni#eration the "ollowing bae:
a3 The obligation to carr% out the o$eration acro $rogram an# $re'ioul%
a$$ro'e# bu#get, a well a the "i&ation o" the a$$licable "ine when the
contractor #oe not e&ecute the wor? or onl% carrie them out $artiall%(
b3 The amount an# the "orm o" $a%ment "or the contracte# er'ice(
c3 The term o" the contract will not be more than ten 2103 %ear, renewabl% in
$erio# o" "i'e 253 %ear at con'enience o" the $art, u$ to a ma&imum o"
twent%-"i'e 2053 %ear(
#3 The ta&e, rate, $a%ment, contribution, an# charge that the contractor
o" $etroleum er'ice will be boun# to $a% accor#ing to the contract( an#
e3 +n cae o" contract o" $etroleum er'ice o" e&$loration an#Dor e&$loitation
o" h%#rocarbon claue #3, h3, i3 an# ?3 o" the article // o" the Law will be
a$$lie# b% analog%5
The Go'ernment through the 9initr% will emit b% mean o"
Go'ernmental 6greement the re$ecti'e regulation that contain the
$roce#ure o" ubcri$tion an# o""er o" thee contract5
CHAPTER 'I
E'PLOITATION
Ar!"#$ -0%- E'PLOITATION CONTRACT% 26bolihe# b% article number 15 o"
Go'ernmental 6greement Number 1/5-000535
Traduccin Libre
TITLE II
CONTRACTS OF E'PLORATION AND E'PLOITATION
CHAPTER I
BLOC(S AND AREAS
Ar!"#$ -1%- SELECTION OF BLOC(S% 29o#i"ie# b% article 10 o"
Go'ernmental 6greement Number 1/5-000535 7ith the e&ce$tion o" $ree&iting
contract area, the 9initr% will #o the election o" bloc? #etine# to the
e&$loration or e&$loitation o" h%#rocarbon or both $etroleum o$eration in
National territor%, #one in the continental $lat"orm an# it economic e&clui'e
!one5 The i#enti"ication o" the bloc? will be #one with number an# letter to
i#enti"% it $erio# o" election an# location5
The abo'e mentione# election mut be ub*ect to 9initerial 6greement
a$$ro'al, which will ha'e to be $ublihe# imme#iatel% in the =""icial Diar%,
inclu#ing a ma$ in where there houl# a$$ear the bloc? electe# in con"ormit%
with thi article5
Ar!"#$ -&%- SUGGESTIONS% 29o#i"ie# b% article 10 o" Go'ernmental
6greement Number 153-9035 6t an% time, the interete# $artie will be able to
#o uggetion or ober'ation5 The% ha'e to be reaone# an# #ocumente#
with regar# to the electe# bloc? or other !one in which bloc? can be
electe# #etine# or e&clu#e# "rom the e&$loration, e&$loitation, or both
$etroleum o$eration5
The uggetion or ober'ation will be #irecte# an# $reente# to the
Direction, which will re$ort them to the 9initr%, to ta?e them into account in the
election o" bloc?5

Ar!"#$ -3%- 26bolihe# b% article number 35 o" Go'ernmental 6greement
Number 153-9035
Ar!"#$ -4%- ORIGINAL AREA OF A CONTRACT% The original area o" a
contract o" e&$loration an#Dor e&$loitation woul# contain one or more bloc?, u$
to a ma&imum o" i& 2/3 bloc? with the e&tenion etablihe# in article /0 o"
the Law5
Ar!"#$ -,%- BLOC(S IN LAND AND OFFSHORE% 29o#i"ie# b% article
11 o" Go'ernmental 6greement Number 153-9035 The ur"ace o" a bloc? will be
locate# $art in terretrial !one an# in maritime !one5 6n% bloc? with more than
"i"t% $ercent 250E3 o" it ur"ace locate# in terretrial !one will be coni#ere# a
a terretrial bloc?5 6n% bloc? with more than "i"t% $ercent 250E3 o" it ur"ace
locate# in maritime !one will be coni#ere# a maritime bloc?5
+n the election in#icate# in article /1 o" thi regulation, the bloc?
coni#ere# a terretrial an# maritime will be clearl% i#enti"ie# a uch5
Traduccin Libre
Ar!"#$ --%- DELIMITING% The bloc? will be #elimite# b% $arallel an#
meri#ian #e"ine# in #egree, minute, an# com$lete econ#( e&ce$t when thi
will not be $oible #ue to the $reence o" international bor#er, or
#e$artmental limit, or a coneAuence o" other $ree&iting area o" contract, or
an% area reer'e# "or national $ar? or an% another $ur$oe in interet o" the
$atrimon% o" the Nation5
The area o" e&$loitation that a contractor elect, a well a the area
that he return will be #elimite# b% $arallel an# meri#ian, #e"ine# in #egree,
minute, an# com$lete econ#, or b% the limit o" the original area o" contract5
Ar!"#$ -.%- MILESTONES IN TERRESTRIAL +ONES5 29o#i"ie# b%
6rticle 10 o" Go'ernmental 6greement Number 153-9035 +n cae o" terretrial
!one, the contractor will #elimit the area o" e&$loitation with bor#ering
miletone, when it i reAuire# b% the Direction5
Ar!"#$ -8%- RETURN% +n a contract o" e&$loration an# e&$loitation, the
contractor will return the $ercentage o" e'er% bloc? mentione# in hi contract,
in the $erio# ti$ulate# in the ame one5 +n no cae, the ur"ace that he return
to the .tate woul# be le than two thouan# 20,0003 hectare, e&ce$t in cae:
a3 The ur"ace o" the bloc? i le than ten thouan# 210,0003 hectare(
b3 The $ercentage o" returning #o not allow it( an#
c3 The ur"ace o" returning are the one re"er on article 11 o" thi
regulation5
The area o" remaining e&$loration a"ter the return o" one or more
ur"ace i #one will be able to be #icontinuou or will be able to be integrate#
in other ur"ace5
The contractor will return "i"t% $ercent 250 E3 o" e'er% bloc? that contain
the original area o" contract, not a"ter "inihing the "i"th %ear o" contract5
Ar!"#$ -/%- BREACH OF RETURN% +n cae the contractor #oe "ail to
return in the ti$ulate# o$$ortunitie the $ercentage o" the bloc?, in
con"ormit% with the contract an# thi regulation, the 9initr% will elect the area
that will be retore# to national reer'e, without $re*u#ice o" the $a%ment o" the
a#minitrati'e rate to which article 051 o" thi regulation re"er5 6gaint the
reolution that "or thi e""ect the 9initr% emit, no a$$eal will be a#mitte#5
Ar!"#$ .0%- SELECTION AND RETENTION% +n cae the contractor
#eclare one or more commercial #ico'erie be"ore he "inihe the $erio# o"
e&$loration or the e&tenion to which article 80 o" thi regulation re"er, he will
be able to elect an# to retain a area o" e&$loitation "or e'er% commercial
#ico'er% a ur"ace not ma*or than ten thouan# 210,0003 hectare ini#e the
area o" contract5
+n $ecial cae in which the magnitu#e o" a reer'oir nee# an
e&tenion ma*or than ten thouan# 210,0003 hectare, the contractor will be able
Traduccin Libre
to electe# a ur"ace u""icient to co'er thi reer'oir, being 'eri"ie# be"ore the
Direction bae# in $rinci$le generall% acce$te# in the $etroleum international
in#utr%5
6n area o" e&$loitation woul# inclu#e a ur"ace greater than one bloc?
inclu#e# in the original area o" the contract5
6n% area o" e&$loitation, inclu#ing the one retaine# a $ro'iional
e&$loitation area, will limit itel" to a ur"ace u""icient to co'er the alrea#%
mention reer'oir, a#*uting the e&tenion an# "orm a in#icate# article // an#
1/ o" thi regulation5
Ar!"#$ .1%- MA'IMUM E'TENSION% =" e'er% bloc? that contain the
original area o" contract, terretrial or maritime, the contractor will be able to
elect one or more e&$loitation area( an# retain a ma&imum the "i"t% $ercent
250 E3 o" e'er% bloc?F area5 Ne'erthele, the contractor will be able to elect
an# to retain e&$loitation area which ur"ace a## in whole a ma&imum o" one
hun#re# "i"t% thouan# 2150,0003 hectare5
Ar!"#$ .&%- NATIONAL RESERVES% 6ll area that ha'e been returne#
will automaticall% become a $art o" the national "rom the e""ecti'e #ate o" return5
Ar!"#$ .3%- DECLARATION OF COMERCIALITY% 29o#i"ie# b% article 13
o" Go'ernmental 6greement Number 153-9035 6n% time the contractor #eclare
the commercialit% o" a #ico'er% he will reAuet the a$$ro'al o" the e&$loitation
area that co'er the $etroleum "iel# that will accom$an% the re$ort o" e'aluation
in#icate# in article 109 o" thi regulation5
The Direction bae# on the technical-economic in"ormation that it obtain
in the re$ort o" e'aluation, will chec? the #eclaration o" commercialit%( an# a a
"urther reult will a$$ro'e or mo#i"% the area o" reAuete# e&$loitation in
con"ormit% with regulation etablihe# in thi regulation5
The contractor will be able to #eclare the commercialit% o" a "iel#, e'en
when it i #etermine# to the contruction or $lace# in o$eration o" a %tem o"
tran$ort5
The a$$robator% reolution o" the commercialit% o" a "iel# will e&$re the
#ate o" etablihment o" the abo'e mentione# commercial "iel#5
+t i $rohibite# "or the contractor to #eclare the commercialit% o" a
#ico'er%, which i not bae# an# $ro'e# with technical an# economic
in"ormation generall% acce$te# in the $etroleum international in#utr% an# in
relation with the tatement etablihe# on thi regulation5
Ar!"#$ .4%- COMMUNICATION OF RETURN AND2OR SELECTION%
The contractor will communicate the Direction the area that he houl# return
an#Dor thoe that he elect a e&$loitation area with at leat a month o"
antici$ation "rom the #ate in which he reAuet that the reignation or election
will be e""ecti'e5 8'er% communication to the Direction will be #e"initi'e an# will
Traduccin Libre
not be able to be mo#i"ie# b% the contractor a"ter the #ate o" the
communication, e&ce$t the tatement "oreeen in the "ollowing article5
Ar!"#$ .,%- MODIFICATION OF THE E'PLOITATION AREA% The area
o" e&$loitation will be mo#i"ie#, when a a reult o" $oterior $er"oration
acti'itie are #one in the e&$loitation area an# $ro'i#ing that one o" the
"ollowing thing ha$$en #uring the $erio# o" e&$loration:
a3 +" another commercial "iel# i #ico'ere# in the ame e&$loitation area,
which e&tenion remain $artiall% inclu#e# in the ame one( an#
b3 +" it i 'eri"ie# that the e&tenion o" the commercial "iel# that ga'e origin to
the e&$loitation area i bigger than the originall% etablihe# e&tenion,
$ro'i#ing that the area o" a'ailable e&$loration in the area o" contract allow
it5
-or the cae mentione# in the claue a3 o" thi article, the ubeAuent
$roce#ure will "ollow:
i5 7hen more o" the "i"t% $ercent 250 E3 o" the new commercial "iel# i locate#
ini#e the e&$loitation area, it will be e&ten#e#( or
ii5 7hen le o" the "i"t% $ercent 250 E3 o" the new commercial "iel# i locate#
ini#e the e&$loitation area, a new e&$loitation area will be electe# to co'er
the new #e$oit, e&clu#ing the ur"ace co'ering the #e$oit that ga'e origin
to the area o" original e&$loitation5
The tatement arrange# in the lat two 203 claue will be a$$licable
$ro'i#ing that the area o" a'ailable e&$loration in the area o" contract allow it,
an# there are not acce$te# area o" national reer'e or area o" another
contract5
Ar!"#$ .-%- APPROVAL OF RETURN OR SELECTION% 29o#i"ie# b%
6rticle 1, o" Go'ernmental 6greement Number 153-9035 The Direction will
a$$ro'e the return or election o" e&$loitation area, total or $artl%, $ro'i#ing
that:
a3 +" the area i a rectangle, the i#e o" the ame one are orientate# "rom
North to .outh an# 8at to 7et( i" it i not a rectangle, it con"iguration
i "orme# b% line orientate# "orm North to .outh an# 8at to 7et(
b3 The area or area o" e&$loitation electe# ini#e the area o" contract
co'er a minimum o" the reer'oirF 'ertical $ro*ection or #eclare#
commercial reer'oir5
There are e&em$te# "rom the reAuirement o" "orm an# con"iguration the
returne# e&$loitation area an# thoe o" e&$loitation that #o not a#*ut to uch
reAuirement #ue to the $reence o" international bor#er, or not a'ailable
area to reali!e o$eration o" e&$loration, e&$loitation, or becaue o" the limit
o" the original contract area5
Traduccin Libre
6$art "rom the e&ce$tion contem$late# in the $re'iou $aragra$h, the
#elimitation to which thi article re"er will ub*ect itel" to the tatement
etablihe# in article // o" thi regulation5
Ar!"#$ ..%- RETURN OF PART OF E'PLOITATION AREAS% 7ithout
$re*u#ice o" ha'ing electe# an e&$loitation area, the contractor will be able to
return $art o" the mentione# e&$loitation area( in which cae, the returne# area
will not ha'e to be a minor to "i'e $ercent 25 E3 o" the e&$loitation area
originall% electe# in con"ormit% with article // an# 1/ o" thi regulation5
6r!"#$ .8%- RETENTION OF PROPOSED AREA% 6 contractor will be
able to retain $ro'iionall% the area o" $ro$oe# e&$loitation until the Direction
a$$ro'e the electe# area, e'en a"ter an% %ear o" contract o" the $erio# o"
e&$loration or o" the e&tenion o" the ame one ha e&$ire#, in cae the
reolution o" a$$ro'al i not emitte# be"ore the en#ing o" the abo'e mentione#
$erio#5 Thi retention woul# $rea# until there the corre$on#ing reolution i
emitte#5 Thi reolution, in an% cae, will not be able to e&cee# more than one
month counte# "rom the en# o" the contract %ear o" the e&$loration $erio#, or o"
the e&tenion o" the ame one, a it i the cae5
The regulation $eci"ie# in thi article are without $re*u#ice o" the wor?
to which the contractor mut com$romie i" he want to retain the e&$loration
area at the en# o" e'er% contract %ear, counte# "rom the en# o" the thir# %ear o"
contract5
Ar!"#$ ./%- RETENTION OF AN AREA IN E'TENSION OF
E'PLORATION% +n cae there ha been grante# the e&tenion o" the $erio# o"
e&$loration, to which article 80 o" thi regulation re"er, the contractor woul#
retain u$ to the en# o" the $erio# o" e&tenion an area o" $ro'iional
e&$loitation, in cae he ha not reali!e# the reAuet o" election o" an area o"
e&$loitation at that time5
CHAPTER II
COMPROMISED WOR(S
Ar!"#$ 80%- CONTRACTUAL COMMITMENTS% 29o#i"ie# b% 6rticle 11 o"
Go'ernmental 6greement Number 1/5-000535 The contract o" e&$loration an#
e&$loitation will e&$re the aw?war# wor? that the contractor will e&ecute,
among which can be inclu#e#:
a3 The territorial e&tenion, magnitu#e, or #enit% o" the geological ur"ace
tu#ie(
b3 The territorial e&tenion, magnitu#e, or #enit% o" the geo$h%ical tu#ie
an#Dor the length o" the eimic line(
c3 The territorial e&tenion, magnitu#e, or #enit% o" the geochemical
tu#ie(
Traduccin Libre
#3 The number an# #e$th o" the well or e&$lorator% well, or o" an% other
t%$e an# their ob*ect to be reache#(
e3 =ther wor?, tu#ie, or inter$retation to e&ecute( an#
"3 The term in which it will initiate an# e&ecute with the acAuire#
commitment5
7ith e&ce$tion o" claue #3, e3 an# "3 o" thi article, other wor? woul#
be coni#er o$tional in the abo'e mentione# contract5
CHAPTER III
PERIOD OF E'PLORATION AND E'TENDS
Ar!"#$ 81%- DURATION OF THE E'PLORATION PERIOD% 29o#i"ie# b%
6rticle 10 o" Go'ernmental 6greement Number 1/5-000535 The $erio# o"
e&$loration will begin in the e""ecti'e #ate an# will en#:
a3 7hen the contractor ha electe# one or e'eral e&$loitation area that
a a whole a## u$ to the limit etablihe# in article 11 o" thi regulation,
e'en be"ore "inihing the "irt i& 2/3 %ear o" contract, or in the cae o"
the $eci"ic contract(
b3 7hen the i&th %ear o" contract "inihe, e'en when the contractor ha
not electe# "i"t% $ercent 250 E3 o" e'er% bloc? that contain the original
contract area a e&$loitation, e&ce$t "or the tatement "oreeen in article
//, claue g3 o" the Law(
c3 -or total reignation o" the e&$loration area(
#3 +" the contractor #oe not "in# an% commercial #ico'er% be"ore the i&th
%ear o" the contract, e&ce$t "or the tatement "oreeen in article //,
claue g3 o" the Law( an#
e3 -or en#ing o" the contract #ue to an% reaon5
Ar!"#$ 8&%- RE)UEST OF E'TENSION% 29o#i"ie# b% 6rticle 13 o"
Go'ernmental 6greement Number 1/5-000535 The 9initr% will coni#er the
e&tenion o" the e&$loration $erio# in a term not ma*or than one 213 %ear, in
cae towar# the en# o" the i&th 2/
th
3 %ear o" e&$loration, or the $erio# that wa
$eci"ie# at the contract, there were being e&ecute# or nee#e# to #o e'aluation
tet in at leat one 213 e&$lorator% well5 +n the re$ecti'e reAuet, which will
ha'e to a$$ear be"ore the Direction, the contractor will in#icate the geogra$hical
location or the $ro'iional area o" e&$loitation an# will $reent an a##itional
$rogram that will contain:
a3 The wor? $rogram to be reali!e#(
Traduccin Libre
b3 The bu#get o" the wor? $rogram( an#
c3 The guarantee o" "ul"illment5
Ar!"#$ 83%- STUDY OF THE RE)UEST OF E'TENSION% 29o#i"ie# b%
6rticle 1, o" Go'ernmental 6greement Number 1/5-000535 To coni#er the
e&tenion in#icate# in the $re'iou article, bei#e the etablihe# in the ame
one, the "ollowing will be ta?en into account:
a3That the reAuet ha been $reente# at leat three 233 month be"ore the
maturit% o" the i&th %ear o" contract( e&ce$t $ecial cae $ro$erl%
*uti"ie#, in which cae, the reAuet will a$$ear be"ore "inihing the i&th
%ear the contract(
b3That the contractor ha i#enti"ie#, at leat, a $oible reer'oir on the bai
o" electrical recor# an# other metho#, or that e&it mani"et e'i#ence
o" a reer'oir, or that tet o" e'aluation are being e&ecute#(
c3The tet or tet o" e'aluation that are necear% will not ha'e to, in an%
cae, be attribute# to #ela% $ro'o?e# intentionall% b% the contractor(
#3The contractor will ha'e to how along the en"orcement o" the contract the
a$$ro$riate #iligence(
e36n% *u#icial litigation will not ha'e to e&it( an#
"3 The contractor will ha'e to be ol'ent with the .tate in regar# to the
com$romie# wor? an# $a%ment tate# in the Law, thi regulation, an#
the contract5
6"ter the tu#% o" the reAuet to which the $re'iou article re"er i
carrie# out, the Direction with it o$inion will $a it to the 9initr% with a co$%
to the <ommiion "or the coneAuent e""ect5
+n an% cae, the "ul"illment o" the tatement be"ore in#icate# #oe not
"orce the 9initr% to grant the reAuete# o" e&tenion an# it can be re"ue#
without an% re$onibilit% "or the .tate5
Ar!"#$ 84%- RESOLUTION% 29o#i"ie# b% 6rticle 15 o" Go'ernmental
6greement Number 1/5-000535 The 9initr%, $re'iou o$inion o" the
<ommiion, will reol'e on the reAuet o" e&tenion be"ore "inihing the i&th
%ear o" e""ecti'ene o" the contract or the e&$loration $erio# in#icate# at the
$eci"ic contract5
The reolution o" the 9initr%, in cae the e&tenion wa grante#, will
contain "or e'er% coni#ere# cae the "ollowing:
a3 The a$$ro'al o" the $ro'iional area23 o" e&$loitation(
b3 The $rogram o" wor? an# bu#get a$$ro'e# "or it e&ecution(
Traduccin Libre
c3 The term o" the grante# e&tenion(
#3 The amount to guaranteeing an# the term to $reent the corre$on#ing
guarantee( an#
e3 =ther element that are coni#ere# necear%5
The reolution will $ro#uce it #eire# reult "rom the #a% a"ter the
en#ing o" the i&th %ear o" e""ecti'ene o" the contract, $ro'i#ing that the
contractor cre#it be"ore the 9initr% to ha'e carrie# out the $a%ment o" the
corre$on#ing a#minitrati'e rate an# ha $reente# the nee#e# guarantee5
The reolution will "inih in the e""ecti'e #ate o" election or at the en# o" the
term that claue c3 o" thi article re"er5
-or the $a%ment o" the a#minitrati'e rate an# $reentation o" the
guarantee, the contractor will ha'e an ine&tenible term o" "i'e 253 #a% counte#
"rom the #ate the reolution i noti"ie#5 +" thi term i #ue without ha'ing "ul"ille#
the cre#iting o" the tatement be"ore in#icate#, the reolution will ta% without
an% e""ect an# coneAuentl% the contract will en# automaticall%5
-or the cae etablihe# in the lat $aragra$h o" claue a3 o" the
$re'iou article, the Direction will emit a $ro'iional reolution e&ten#ing the
$erio# o" e&$loration "or thirt% 2303 #a% while the #e"initi'e reolution i emitte#5
CHAPTER IV
E'PLOITATION PERIOD
Ar!"#$ 8,%- DURATION OF THE E'PLOITATION PERIOD% The
e&$loitation $erio# "or e'er% area o" e&$loitation will begin "rom the e""ecti'e
#ate o" election, in con"ormit% with thi regulation, an# will continue u$ to the
com$letion o" the contract or o" the commercial $ro#uction in cae thi ha$$en
"irt5
Ar!"#$ 8-%- CONTINUATION OF THE E'PLORATION PERIOD%
29o#i"ie# b% 6rticle 1/ o" Go'ernmental 6greement Number 1/5-000535 +" the
e&$loitation $erio# in an area o" e&$loration begin be"ore the en# o" the i&th
contract %ear, the $erio# o" e&$loration will continue "or the area out o" the area
o" e&$loitation inclu#e# ini#e the area o" contract5
Ar!"#$ 8.%- APPROPIATE DEALS IN THE E'PLOITATION OF
COMMERCIAL FIELDS% The contractor will #elimit an# e&$loit with the
a$$ro$riate #iligence the commercial "iel#5 The contractor will com$lete in the
"irt "our 2,3 %ear o" the e&$loitation $erio# o" e'er% area o" e&$loitation the
#e'elo$ment o" a commercial "iel#5
+t will be coni#ere# that a commercial "iel# i com$letel% #e'elo$e#, in
agreement to the $rogram o" #e'elo$ment a$$ro'e# to that article 130 o" thi
regulation re"er, when:
Traduccin Libre
a3 The contruction o" the e&$loitation %tem o" h%#rocarbon ha been
com$lete# an# it i in o$eration( or, when it i the cae o" a contruction
o" a common %tem to han#le the i#eal $ro#uction(
b3 The number o" u""icient well ha been $er"orate# to achie'e the i#eal
$ro#uction be"ore mentione#( an#
c3 6 $lan, a$$ro'e# b% the Direction, ha been etablihe# to achie'e the
i#eal $ro#uction5
The contractor will #rill at leat one 213 #e'elo$ment well $er %ear in
e'er% commercial "iel#, "rom the e""ecti'e #ate o" election u$ to com$leting the
#e'elo$ment o" each well, or until he return the e&$loitation area where the
commercial "iel#23 are i" thi ha$$en be"ore5
+" the contractor will com$lete the #e'elo$ment o" the commercial "iel#, in
con"ormit% with the regulation in#icate# in the econ# $aragra$h o" thi article,
be"ore the "irt "our 2,3 %ear o" the e&$loitation $erio# ha'e "inihe#, he will not
be oblige# to $er"orate the remain #e'elo$ment well in the in#icate# $erio#5
The "act o" ha'ing com$lete# the #e'elo$ment o" the commercial "iel#
#oe not limit in an% "orm the continuation o" the $er"oration o" #e'elo$ment
well, e'en a"ter the "ourth mentione# %ear, when thi i necear% "or the
e""icient reco'er% o" h%#rocarbon5
Ar!"#$ 88%- DEVELOPMENT OF DISCOVERIES IN E'PLOITATION
AREAS% 7hen other reer'oir23 are #ico'ere# in commercial "iel#, to lea# to
the com$lete #e'elo$ment o" the new reer'oir, the 9initr% will be able to
agree with the contractor the o$$ortunit% in which the abo'e mentione#
reer'oir will be #e'elo$e# in con"ormit% with the #i$oition o" thi regulation5
Ar!"#$ 8/%- SUSPENTION FOR ANNUAL SUCCESSIVE PERIODS%
The 9initr%, at call o" the contractor an# with o$inion o" the <ommiion, will
be able to grant u$enion in annual uccei'e $erio#, "or the beginning o"
the $er"oration o" #e'elo$ment well in or#er to com$lete the #e'elo$ment o" a
commercial "iel#, accor#ing to the $rogram o" #e'elo$ment to which article 130
o" thi regulation re"er5 Thi can be #one $ro'i#ing that the contractor ha
"ul"ille# the obligation o" $er"orating the "irt #e'elo$ment well inclu#e# in the
"irt $rogram o" e&$loitation, an# ha #eli'ere# the #e'elo$ment $rogram be"ore
mentione# in the "ollowing cae:
a3 7hen the contruction an# o$eration o" a $i$eline, ga $i$eline or an%
wa% o" tran$ort that allow the commercial $ro#uction o" the $etroleum
"iel# i not economicall% "eaible( or,
b3 7hen the $ro#uction i not, at the moment, economicall% "eaible, but
there e&it economic circumtance that allow to "oreee $eci"ic
$oibilitie #uring the "irt ten 2103 %ear o" e""ecti'ene o" the contract(
or,
Traduccin Libre
c3 7hen circumtance imilar to the one in#icate# in claue a3 or b3,
a$$ro$riatel% a$$ro'e# b% the o$inion o" the 9initr% $re'iou o$inion o"
the <ommiion, occur5
To coni#er a reAuet o" thi nature, it will ha'e to be $reente# at leat
three 233 month be"ore the beginning o" the "ollowing calen#ar %ear5
+n the cae coni#ere# in the $re'iou claue, the 9initr% will be able
to grant uccei'e u$enion u$ to three 233 entire calen#ar %ear5
Ne'erthele, in cae the totalit% o" the ro%altie an# tate $artici$ation in
the $ro#uction o" h%#rocarbon, which corre$on# to the Go'ernment, are
u""icient to ati"% the internal conum$tion, the 9initr% will be able to grant
the u$enion that it coni#er to be uitable5
Ar!"#$ /0%- E'TENTION FOR ANNUAL SUCCESSIVE PERIODS% The
9initr%, at call o" the contractor an# with o$inion o" the <ommiion, will be
able to e&ten# in annual uccei'e $erio# the term o" "our 2,3 %ear accor#ing
to the tatement "oreeen in article 81 o" thi regulation( $ro'i#ing that the
contractor ha "ul"ille# with the $rogram o" e&$loitation, which .ection ++ o"
<ha$ter ; o" thi title re"er, in the "ollowing cae:
a3 7hen the $ro#uction nee# a %tem o" e&$loitation o" h%#rocarbon or a
common %tem that, reaonabl%, cannot be contructe# in the term
$re'ioul% mentione#( an# the contractor i $rocee#ing acti'el% in the
contruction o" uch "acilitie(
b3 7hen the $ro#uction cannot begin "or reaon that are not attributable to
the contractor(
c3 7hen the $ro#uction nee# the contruction o" liAue"action $lant "or
natural mar?etable ga "or the mar?eting o" the abo'e mentione#
$ro#uct(
#3 7hen imilar circumtance 'er% Auali"ie# occur, accor#ing to the o$inion
o" the 9initr% with $re'iou o$inion o" the <ommiion(
e3 7hen in $ite o" the "act that the $rogram o" the e&$loitation area ha'e
been "ul"ille# with the a$$ro$riate #iligence, in agreement to the $rogram
o" #e'elo$ment to which there article 130 o" thi regulation re"er( #ue to
the magnitu#e, location, an# #e$th o" the $etroleum "iel# i not $oible
to com$lete the #e'elo$ment o" the "iel# in the abo'e mentione# term(
an#
"3 7hen the circumtance in#icate# in the lat $aragra$h o" the $re'iou
article ha$$en at the ame time5
To coni#er a reAuet o" thi nature, it will ha'e to be $reent at leat
three 233 month be"ore the beginning o" the "ollowing calen#ar %ear5
Traduccin Libre
Ar!"#$ /1%- RESOLUTION% The 9initr% will reol'e e'er% reAuet o"
u$enion or e&tenion, to which the $re'iou two 203 article re"er, be"ore the
re$ecti'e calen#ar %ear begin5
CHAPTER V
E'PLORATION AND E'PLOITATION PROGRAMS
SECTION I
E'PLORATION PROGRAMS
Ar!"#$ /&%- PRESENTATION% 29o#i"ie# b% 6rticle 11 o" Go'ernmental
6greement Number 1/5-000535 During the e&$loration $erio#, the contractor will
annuall% $reent to the Direction three 233 co$ie o" the $rogram o" e&$loration,
which two 203 o" them will be in #igital "orm5 The "irt $rogram will be $reente#
within the three 233 month "ollowing the e""ecti'e #ate an# the ubeAuent
$rogram at leat three 233 month be"ore the beginning o" e'er% contract %ear5

Ar!"#$ /3%- GENERAL CONTENT OF THE E'PLORATION
PROGRAM% 29o#i"ie# b% 6rticle 18 o" Go'ernmental 6greement Number 1/5-
000535 The e&$loration $rogram will contain, in con"ormit% with the regulation o"
thi <ha$ter, the "ollowing:
a3 6 $rogram o" e&$loration wor?(
b3 6 bu#get o" the e&$loration wor?( an#
c3 6 #iagram o" e&ecution o" the wor? $rogram5
Ar!"#$ /4%- E'PLORATION WOR( PROGRAMS% The e&$loration wor?
$rogram will contain a #ecri$tion o" the #i""erent $eci"ic wor? that the
contractor will e&ecute, #uring the contract %ear to be coni#ere#, in con"ormit%
with the contract5
Ar!"#$ /,%- E'PLORATION BUDGET% The e&$loration bu#get will
contain, in con"ormit% with thi regulation an# the <ountable 6nne& a $ro*ection
o" the cot, e&$ene, an# in'etment that the contractor ha to reali!e in
or#er to e&ecute the $rogram o" wor?5
Ar!"#$ /-%- UNIFICATION OF WOR(S AND PERIODS% 29o#i"ie# b%
6rticle 19 o" Go'ernmental 6greement Number 1/5-000535The 9initr%, at call
o" the contractor, will be able to authori!e that more than one 213 %ear o" the
o$tional $er"oration $hae an# the com$romie# relate# wor? are uni"ie#
without a""ecting Auantitati'el% the wor? $rogram that corre$on# in the abo'e
mentione# contract $erio#, e&ce$t "or the thing etablihe# in the lat
$aragra$h o" article 10/ o" thi regulation5 The e&ecution o" the wor? $rogram
will be able to be carrie# out b% the contractor #uring the uni"ie# $erio#, in
con"ormit% with the a$$ro'e# $rogram o" e&$loration5
Traduccin Libre
+n or#er "or the reolution o" a$$ro'al o" uni"ie# wor? to ta?e $lace, the
contractor will ha'e to $reent in the three 233 #a% "ollowing the noti"ication o"
the in#icate# reolution, the guarantee corre$on#ing to the uni"ie# $erio# to
guarantee the "ul"illment o" the uni"ie# com$romie# wor?, which amount will
be eAui'alent to the ma&imum a$$licable "ine in cae the contractor #oe not
"ul"ill the uni"ie# corre$on#ing wor?5
+" the contractor #oe not "ul"ill the uni"ie# wor? in con"ormit% with the
regulation in thi article, he will ha'e $a% the corre$on#ing "ine or, in it cae,
the be"ore in#icate# guarantee will become e""ecti'e5
Ar!"#$ /.%- UNIFIED OPINIONS REPORT OF E'PLORATION% 7ithin
"ort% "i'e 2,53 #a% "ollowing the #ate o" recei$t o" the e&$loration $rogram, the
Direction together with the De$artment o" 6u#it will #o the tu#% o" the re$ort5
Then the% will $a a co$% o" it to the 9initr% an# another one to the
<ommiion( thi re$ort will contain, at leat the "ollowing com$onent:
a3 6 general =$inion about the wor? that are $ro$oe# to be e&ecute#(
b3 6n o$inion about the cot, e&$ene, an# in'etment $reente# in the
bu#get( an#,
c3 6n o$inion about the chronogram o" e&ecution o" the $rogram o" wor?
an# bu#get5
Ar!"#$ /8%- PROGRAM OF THE E'TENSION OF THE E'PLORATION
PERIOD% The Direction together with the De$artment o" 6u#it within a term o"
"i"teen 2153 #a%, counte# "rom the #ate o" recei$t o" the re$ecti'e $roce, will
#eclare# on the a##itional $rogram mentione# in article 80 o" thi regulation( a
well a, on the e&tenion o" the reAuete# e&tenion, an# i" it i con'enient to
the national interet5 The% will $a on to the 9initr% the *u#gment "or the
coneAuent e""ect5
SECTION II
E'PLOITATION PROGRAM
Ar!"#$ //%- PRESENTATION% 29o#i"ie# b% 6rticle 00 o" Go'ernmental
6greement Number 1/5-000535 The contractor will $reent to the Direction three
233 co$ie, which two 203 o" thoe in #igital "orm, "or e'er% calen#ar %ear, #uring
the e&$loitation $erio#, o" the e&$loitation $rogram "or all the e&$loitation area
three 233 month be"ore the beginning o" e'er% %ear calen#ar5 The "irt $rogram
will be $reente# within a $erio# not ma*or than three 233 month counte# "rom
the e""ecti'e #ate o" election o" the "irt e&$loitation area, an# will be a$$lie# to
the ret o" the calen#ar %ear in e&ecution an# to the "ollowing calen#ar %ear5
-or e'er% e&$loitation area, the econ# e&$loitation $rogram will contain
a #ecri$tion o" the wor? that the contractor will e&ecute "or the com$lete
#e'elo$ment o" the commercial "iel# be"ore the "ourth %ear o" the e&$loitation
Traduccin Libre
$erio# accor#ing to the #i$oition arrange# in article 81 an# 130 o" thi
regulation5
Ar!"#$ 100%- GENERAL CONTENT OF THE E'PLOITATION
PROGRAM% 29o#i"ie# b% 6rticle 01 o" Go'ernmental 6greement Number 1/5-
000535 The e&$loitation $rogram will contain, in con"ormit% with the regulation
on thi <ha$ter, the "ollowing:
a3 The $rogram o" e&$loitation wor?(
b3 The o$erating bu#get(
c3 The $ro#uction $rogram(
#3 6 chronogram o" e&ecution o" the wor?, bu#get, an# $ro#uction
$rogram5
Ar!"#$ 101%- E'PLOITATION, WOR( PROGRAM% The e&$loitation,
wor? $rogram will contain a #ecri$tion o" the #i""erent $eci"ic wor? that the
contractor un#erta?e to e&ecute #uring the contract %ear in coni#eration5
4ei#e thi, the e&$loitation, wor? $rogram will inclu#e a #ecri$tion o" the
acti'itie in each o" the e&$loitation area, an# the wor? orientate# to the
contruction an# o$eration o" a common %tem, whene'er the cae5
Ar!"#$ 10&%- PRODUCTION PROGRAM% The $ro#uction $rogram will
contain:
a3 The $ro*ection o" the Auantitie o" h%#rocarbon to be $ro#uce# monthl%
"or e'er% commercial "iel#5 The abo'e mentione# etimation will contain
at leat the "ollowing:
15 The $ro#uction o" e'er% t%$e o" cru#e oil, ga o" mouth o" well,
natural mar?etable ga, con#enate, water an# e#iment, an#
the $ro#uction o" other ubtance(
05 The 'olume o" h%#rocarbon to be ue e""ecti'el% in
e&$loitation o$eration "or in*ection an# "or energetic $ur$oe(
35 The Auantitie o" h%#rocarbon #etine# "or relie'e or
combution( an#
,5 The Auantitie o" other ubtance #etine# "or relie'e or
combution5
b3 The etimation o" the income u$coming "rom the ale o" the net
$ro#uction(
c3 The a##itional in"ormation that wa reAuete# b% the Direction( an#
Traduccin Libre
#3 The in"ormation that the contractor coni#er to be uitable or necear%
to be $reente#5
Ar!"#$ 103%- E'PLOITATION BUDGET% The e&$loitation bu#get will
contain, in con"ormit% with thi regulation an# the #i$oition $eci"ie# in the
<ountable 6nne&, a $ro*ection o" the cot, e&$ene, an# in'etment that the
contractor ha to reali!e to "ul"ill the e&ecution the wor? an# $ro#uction
$rogram5
Ar!"#$ 104%- SUPPLY OF INTERNAL CONSUMPTION% The Direction,
bae# on the tu#ie that it alrea#% ha, will annuall% calculate the 'olume o"
h%#rocarbon that e'er% contractor mut ell to the .tate in or#er to ati"% the
internal conum$tion in con"ormit% with the "ollowing $roce#ure:
a3 The total 'olume o" the national conum$tion o" liAui# h%#rocarbon
an#Dor gaeou $ro#uct, e&$ree# in barrel o" cru#e oil, will be
#etermine#(
b3 -i"t% "i'e $ercent 255 E3 o" the net $ro#uction o" the :e$ublic will be
#etermine#(
c3 +t will be #etermine which "rom the both Auantitie obtaine# in claue a3
an# b3 o" thi article i greater(
#3 The 'olume o" h%#rocarbon that the .tate will recei'e "rom the net
$ro#uction o" all the contract area, uch a ro%altie an# tate
$artici$ation in the $ro#uction, will be calculate#(
e3 The Auantit% with which the contractor will $a% to ati"ie# the internal
conum$tion will be the reult o" the ubtraction o" the greater Auantit%,
wich wa obtaine# in claue c3, minu the Auantit% obtaine# in claue #3(
"3 The Auantit% obtaine# in the $re'iou claue will be aigne# among the
contract area in #irect $ro$ortional "orm to the 'olume o" the net
$ro#uction o" each area5
The Direction will be able, a coneAuence o" ur$lue or lac?ing in the
internal conum$tion without $re*u#ice o" the tatement arrange# in claue e3
o" article 10/ o" thi regulation, to carr% out the nee#e# Auarterl% a#*utment
necear% to the 'olume o" h%#rocarbon that e'er% contractor mut ell to the
.tate in relation to the ca$acit% o" $ro#uction o" e'er% e&$loitation area that
contain it contract area an# the tren# o" the internal conum$tion o"
h%#rocarbon in the :e$ublic5
4ae# on the regulation arrange# in thi article, the Direction will ue
the $ro*ection o" $ro#uction an# o" internal conum$tion "or that $eci"ic
$erio#5
Ar!"#$ 10,%- UNIFIED OPINIONS INFORM OF E'PLOITATION% 7ithin
the "ort% "i'e 2,53 #a% that "ollow the #ate o" recei$t o" the e&$loitation $rogram,
Traduccin Libre
the Direction together with the De$artment o" 6u#it will #o the tu#% o" the
$rogram5 6"ter that, the% will $a the re$ort on to the 9initr% with an# co$% to
the <ommiion "or the coneAuent e""ect, thi re$ort will at lea contain the
"ollowing:
a3 6n o$inion o" the wor? to be e&ecute#(
b3 6n o$inion o" the cot, e&$ene, an# in'etment $reente# in the
bu#get(
c3 6n o$inion o" the chronogram o" e&ecution o" the wor? an# bu#get
$rogram(
#3 6n o$inion o" the $ro*ection o" clear $ro#uction o" the contractor(
e3 6n o$inion o" the $oible ue o" the Auantitie o" h%#rocarbon an#Dor
other ubtance #etine# b% the contractor "or lea?JJJJ or combution(
"3 6n etimate o" net $ro#uction that corre$on# to the contractor, which
will be necear% to ati"% the internal conum$tion(
g3 6n etimate o" the $ro#uction that corre$on# to the .tate that the
Go'ernment will be able to nee# in cah an#Dor $h%ical tate( an#
h3 =ther in"ormation that the Direction houl# coni#er to be o$$ortune to
be $ro'i#e#5
Ar!"#$ 10-%- CONTENT OF THE RESOLUTION OF APPROVAL% 29o#i"ie# b%
6rticle 00 o" Go'ernmental 6greement Number 1/5-000535 The reolution "rom
the 9initr% that a$$ro'e the e&$loitation $rogram, among other $oint, will "i&
$eci"icall%:
a3 The $rogram o" wor?, $ro#uction, an# bu#get a$$ro'e#(
b3 The 'olume o" h%#rocarbon #etine# "or the combution that the
Go'ernment #eci#e to ue in con"ormit% with the #i$oition arrange#
in article /3 o" the Law(
c3 The 'olume o" other ubtance #etine# "or the combution that the
Go'ernment #eci#e to ue in con"ormit% with article /3 o" the Law(
#3 The uitable meaurement that will ha'e to be $ut in $ractice in or#er to
a'oi#, i" it were the cae, the burning or wate o" natural ga an#Dor other
ubtance, an# $ollution(
e3 The "ollowing 'olume, calculate# "rom the #i'ere t%$e o"
h%#rocarbon that come "rom each e&$loitation area:
i5 The "raction o" the ro%alt% that the .tate #eci#e to recei'e in
$h%ical tate(
Traduccin Libre
ii5 -rom the net $ro#uction minu the ro%alt%:
15 The $art that the contractor will be able to retain "or the
reco'er% o" cot, accor#ing to the contract, ti$ulating the
"raction that the contractor mut ell to the .tate to ati"% the
internal conum$tion(
05 The $art that the contractor will be able to retain a
remuneration, ti$ulating the "raction that the contractor mut
ell to the .tate to ati"% the internal conum$tion(
35 -rom the remaining $art, thi contitute the tate
$artici$ation, the "raction that the .tate #eci#e to recei'e in
$h%ical tate5
The 'olume a$$ro'e# in con"ormit% with the lat claue o" thi article will
be "itte# Auarterl% accor#ing to the $roce#ure etablihe# in thi regulation5
+n thi reolution, the 9initr% will in#icate the technical a$ect with
regar#ing to the $ro#uction $rogram that, "or reaon o" the #e'elo$ment o" the
acti'itie, will be able to be mo#i"ie# with $re'iou a$$ro'al, or with reAuirement
o" the Direction5
SECTION III
COMMON DISPOSITIONS
Ar!"#$ 10.%- APPROVAL OF WOR( PROGRAMS OF E'PLORATION
AND2OR E'PLOITATION% 29o#i"ie# b% 6rticle 03 o" Go'ernmental 6greement
Number 1/5-000535 The 9initr% with $re'iou o$inion o" the Direction an# the
<ommiion, will a$$ro'e, total or $artiall%, e'er% wor? $rogram o" e&$loration
an#Dor e&$loitation within e'entie 2103 #a% "ollowing the #ate o" it
$reentation5
+n cae the a$$ro'al o" a wor? $rogram o" e&$loration an#Dor e&$loitation
will be $artial, the a$$ro'al o" the lat hanging $art will ha'e to be ta?en a the
total "inal a$$ro'al o" the $rogram5
Ar!"#$ 108%- OBLIGATORY NATURE IN THE E'ECUTION OF THE
PROGRAMS% The total or $artial #ia$$ro'al o" the e&$loration an#Dor
e&$loitation $rogram on the $art o" the 9initr%, be"ore the beginning o" the
$erio# to which the% will be a$$licable, #oe not relie'e the contractor "rom the
obligation to e&ecute the wor? com$romie# in con"ormit% with the contract5
Ar!"#$ 10/%- BUDGET APPROVAL% =nce a $rogram o" wor? i total or
$artiall% a$$ro'e#, the corre$on#ing bu#get will be ?nown5 +n no cae, a
bu#get will be a$$ro'e# i" the $rogram o" re$ecti'e wor? ha not been
$re'ioul% a$$ro'e#5

Traduccin Libre
Ar!"#$ 110%- DISAPPROVAL OF WOR( PROGRAMS% The wor?
$rogram o" e&$loration an#Dor e&$loitation woul# be total or $artiall% #imie#
onl% when:
a3 +t #oe not a#*ut itel" to the com$romie# wor? in con"ormit% with the
Law( the b%law( the re$ecti'e contract( an#, in it cae, to the $rogram
o" #e'elo$ment(
b3 The wor? are not necear% or are coni#ere# to be e&cei'e "or the
e""ecti'e e&ecution o" the $etroleum o$eration #eri'e# "rom the contract(
c3 The wor? can reult in unnecearil% cotl% o$eration(
#3 +t i not accom$anie# b% the necear% #ocumentation that etablihe
or *uti"% the wor? $rogram5
Ar!"#$ 111%- BUDGET DISAPPROVAL% 29o#i"ie# b% 6rticle 0, o"
Go'ernmental 6greement Number 1/5-000535 +n#e$en#entl% o" the
corre$on#ing wor? $rogram, a bu#get woul# be total or $artiall% #imie# onl%
when the reco'erable cot inclu#e cot not coni#ere# uch a the one
etablihe# in article 019 o" thi regulation, or that the bu#get #oe not agree
with the #i$oition etablihe# in article 95 an# 103 o" thi regulation a it i
the cae5
Ar!"#$ 11&%- TOTAL OR PARTIAL PROGRAM DISAPPROVAL% +n cae
the 9initr% total or $artiall% #imie a wor? $rogram o" e&$loration an#Dor
e&$loitation, or it re$ecti'e bu#get, he will arrange that the Direction get
together with the contractor, a oon a $oible, to agree with the
mo#i"ication that are necear%( an#, bae# in thee #icuion, the
contractor will $ro$oe another $rogram an# bu#get, a#*uting it to the agree#
mo#i"ication, ini#e the term "i&e# "or uch an e""ect "or the 9initr%5 +" the% #o
not come cloe to an% agreement, the 9initr% will ta?e a reolution ta?ing in
coni#eration the $oint o" 'iew o" the contractor, the Direction, an# the
#i$oition etablihe# in the Law, thi regulation, an# the re$ecti'e contract
to ma?e $oible the continuation o" the e&ecution o" the com$romie# wor?5
+" the Direction thin? the $rogram o" $ro#uction i ina#eAuate, the ame
$roce#ure will be "ollowe#5
Ar!"#$ 113%- ADDITIONAL OR E'PLANATORY INFORMATION% The
9initr% or the Direction will be able to reAuire "rom the contractor, at an%
moment, a##itional or e&$lanator% in"ormation about the $rogram5
SECTION IV
REVIEW OF PROGRAMS
OF E'PLORATION AND2OR E'PLOITATION
Ar!"#$ 114%- CHANGES% 7hen a contractor houl# coni#er necearil%
to #o change to a e&$loration an#Dor e&$loitation $rogram alrea#% a$$ro'e#,
Traduccin Libre
$ro'i#ing that it #oe not a""ect the com$romie# wor?, will $reent to the
Direction a brie" $ro$oing the mo#i"ication o" the e""ecti'e $rogram5
6n% change or re'iew o" a e&$loration an#Dor e&$loitation $rogram, to
e""ect o" being a$$ro'e#, will "ollow the $roce#ure "oreeen in thi <ha$ter "or
an%thing that i a$$licable5
Ar!"#$ 11,%- EMERGENCY CASES% 7hen omething ha$$en in the
#e'elo$ment o" the o$eration an# it i necear% to carr% out change in the
wor? $rogram an# coneAuentl% in the bu#get, the Direction will be able to
authori!e the abo'e mentione# change $ro'i#ing that the% are in#i$enable
e&$ene o" emergenc% "or:
a3 .a"eguar#ing the $eronnel or the $ro$ert% $art when it i the cae o"
"ire, "loo#, torm, an# other natural #iater(
b3 The $rotection an# maintenance o" the $ro$ert%(
c3 The o$eration an# maintenance o" the $ro#uction "acilitie, inclu#ing the
maintenance o" the well in con#ition to $ro#uce with their ma&imum
e""icienc%(
#3 The a"et% o" the wor?er(
e3 The $rotection an# coner'ation o" material an# necear% eAui$ment
in the o$eration(
"3 The olution o" mechanical $roblem that im$e#e the normal continuation
o" the $er"oration o" a well uch a, tra$$ing o" the $er"oration $i$eline
an#Dor lo on behal" o" the ame $i$eline ini#e the well 2"ihing
o$eration3, or #e'iation in the #irection o" the well5
+n thee cae, the Direction, with the $re'iou conultation with the
9initr%, will grant to the contractor the emergenc% authori!ation to which thi
article re"er, without an% $re*u#ice a long a the contractor $reent within
"i"teen 2153 #a%, the change ma#e to the corre$on#ing $rogram5
CHAPTER VI
FINES AND GUARANTEES
Ar!"#$ 11-%- PENALTIES AND GUARANTEES% 29o#i"ie# b% 6rticle 05
o" Go'ernmental 6greement Number 1/5-000535 The contractor will not be able
to ign contract o" $etroleum o$eration without ha'ing "ul"ille# with the
obligation to $reent be"ore the 9initr% the guarantee in "a'or o" the .tate to
anwer to the accom$lihment o" the wor? com$romie# in the re$ecti'e
contract, an# which amount will be eAui'alent to the ma&imum a$$licable "ine,
in cae the contractor #oe not "ul"ill with the com$romie# wor?5
Traduccin Libre
7hen the contractor #oe not "ul"ill, total or $artiall%, with the
com$romie# wor?( he will ha'e to ma?e the corre$on#ing "ine e""ecti'e, or in
it cae, the guarantee be"ore in#icate# will become e""ecti'e5
-or the "ollowing $hae o" e&$loration or e&$loitation, the contractor will
$reent the guarantee at leat two 203 wee? be"ore the beginning o" e'er% %ear
in which the $eci"ic wor? houl# be e&ecute#5
Pre'iou to gi'e the e&tenion to the $erio# o" e&$loration, which article
80 o" thi regulation re"er, i grante#, the contractor will ha'e to guarantee the
wor? $rogram that he will e&ecute in con"ormit% with article 8, o" the mentione#
regulation5
The guarantee an# "ine re"erre# in thi cha$ter will be "i&e# in bae
with the annual bu#get o" the com$romie# wor? an# $reente# to the
Direction, in cae there were not $reente# in time5
Ar!"#$ 11.%- E'TENSION OF GUARANTEES% +n cae a contractor
$reent an e&$loitation $rogram, accor#ing to article 130 o" thi regulation, a
coneAuence o" a commercial #ico'er%, he will guarantee, in con"ormit% with
the $re'iou article, the #e'elo$ment well that are inclu#e# in the re$ecti'e
$rogram5
Ar!"#$ 118%- REDUCTION OR CANCELLATION OF GUARANTEES% 6t
call o" the contractor, the Direction with $re'iou o$inion o" the <ommiion will
authori!e, at an% moment, the re#uction o" guarantee when the com$romie#
wor? are $artiall% e&ecute#( or, their cancellation i" the% were com$lete#, in
con"ormit% with the law an# the contract5
CHAPTER VII
PERFORATION OF WELLS AND
EVALUATION OF DISCOVERIES
Ar!"#$ 11/%- MINIMAL DEPTH NOT REACHED% 29o#i"ie# b% 6rticle 0/
o" Go'ernmental 6greement Number 1/5-000535 +n cae the contractor ha
$er"orate at leat the "i"t% 250E3 o" the well at the com$romie# #e$th gi'en in
the contract, an# *uti"% not e&ecute the $er"oration o" one or more e&$lorator%
well that he com$romie# to #rille#, in con"ormit% with the contract, or "inihe#
the $er"oration without ha'ing reache# the #e$th com$romie# in the contract,
the contractor will ha'e the o$tion o":
a3 Pa%ing the .tate the corre$on#ing 'alue "or the e&$lorator% well23 not
$er"orate#, or the number o" meter not $er"orate#5 Thi 'alue will be
#etermine# in con"ormit% with the "ine etablihe# in the re$ecti'e
contract( or
Traduccin Libre
b3 Per"orate, with $re'iou authori!ation o" the 9initr%, one or more
e&$lorator% well locate# within the contract area, to ubtitute the one
not $er"orate# in the contract u$ to the #e$th initiall% com$romie# in the
re$ecti'e contract5 +n thi cae, the contractor will ha'e to carr% out the
$er"oration within the com$romie# term5
+n cae one or more well that re$lace the com$romie# one en#
without ha'ing reache# the minimal #e$th "oreeen in the contract "or the
original well, the Direction at call o" the contractor, agree to "inali!e the
obligation o" #rilling the original well5
+" the contractor ha not accom$lih the #rilling o$eration "or at leat "i"t%
$ercent 250E3 o" the ti$ulate# #e$th in the contract, it will be a$$lie# the claue
a3 o" thi article5
Ar!"#$ 1&0%- CREDITS IN PERFORATION% +n cae the contractor
manage to $er"orate, within the $erio# an# com$romie# #e$th, a number o"
well greater than the one nee#e# "or that $erio#, the number o" e&$lorator%
well $er"orate# in e&ce will be cre#ite# at call "or the contractor to the
obligation o" $er"orating e&$lorator% well that corre$on# to "uture $erio#5
The ame $rinci$le will be a$$lie# in cae o" #e'elo$ment well, limiting
thee cre#it to each o" the e&$loitation area5 =ne will not be able to cre#it
$er"oration o" e&$loration to $er"oration o" #e'elo$ment or 'ice 'era5
Ar!"#$ 1&1%- CREDITS IN DEPTH% 29o#i"ie# b% 6rticle 01 o"
Go'ernmental 6greement Number 1/5-000535 +n cae a contractor $er"orate
an e&$lorator% well u$ to a #e$th that e&cee# the minimal #e$th ti$ulate# in
the contract, the abo'e mentione# ur$lu will be able to be accumulate# an#,
at the contractor reAuet, to total or $artiall% *uti"% thi #e$th to the one o"
other e&$lorator% well5
Ar!"#$ 1&&%- DEPTH MEASUREMENT% 29o#i"ie# b% 6rticle 08 o"
Go'ernmental 6greement Number 1/5-000535 -or the e""ect o" thi regulation
an# the #i$oition ti$ulate# in the e&$loration an#Dor e&$loitation contract,
the #e$th o" a well will be meaure# b% ta?ing into account the #itance
$er"orate# in relation to the real #irection, not necearil% in a 'ertical ene,
meaure# "rom the rotating table5
Ar!"#$ 1&3%- DEVIATION DUE TO MECHANICAL PROBLEMS% 7hen
in the $er"oration o" an e&$lorator% well a #e'iation #ue to mechanical $roblem
nee# to be #one, an% #e$th $er"orate# an# le"t below the $oint o" #e'iation will
not be ta?en in coni#eration "or the etablihment o" the #e$th o" that well5
Ar!"#$ 1&4%- RECOGNI+ED DEPTH% -or the e""ect o" the $re'iou
article, the Direction will recogni!e a total #e$th o" an e&$lorator% well the
$er"orate# #e$th, when:
a3 +t ha been alrea#% e'aluate# with the necear% recor# in or#er to
#etermine i" it contain or #oe not contain h%#rocarbon(
Traduccin Libre
b3 6ccor#ing to the recor# an# other in"ormation, it in#icate the $oible
$reence o" economicall% e&$loitable reer'oir, an# thee ha'e been
e'aluate# with the initial necear% tet( an#
c3 +t i "ree o" an% obtruction or ome "ihing5
Ar!"#$ 1&,%- REDUCTION OF THE OBLIGATION TO PERFORATE%
The obligation to $er"orate two 203 e&$lorator% well "rom the "ourth %ear o"
contract, "oreeen in claue e3 o" article // o" the Law, will be able to be
re#uce# b% the 9initr% $ro'i#ing that the e&$loitation area that the contractor
retain i not grater than:
a3 8ight% thouan# 280,0003 hectare ha'ing "inihe# the thir# %ear o"
contract(
b3 .i&t% thouan# 2/0,0003 hectare ha'ing "inihe# the "ourth %ear o"
contract( or
c3 -ort% thouan# 2,0,0003 hectare ha'ing "inihe# the "i"th %ear o"
contract5
Ar!"#$ 1&-%- TRANSFERENCE IN THE PERFORATION% 26bolih b%
6rticle 15 o" the Go'ernmental 6greement Number 1/5-000535
Ar!"#$ 1&.%- INITIAL REPORT OF EVALUATION OF DISCOVERY%
7ithin the ne&t ninetie 2903 #a% counte# "rom the #ate o" "iling o" the
#ico'er% o" h%#rocarbon re$ort in a well, to which article 9 o" thi regulation
re"er, the contractor will $reent the initial re$ort o" e'aluation o" #ico'er%,
which will contain in what it i a$$licable to article 109 o" thi regulation, a well
a an% other #ocumentation that on the ame arrange, in#icate i" the
#ico'er% win or not cre#it to be e'aluate#, or to coni#er it to be a
commercial #ico'er%5
Ar!"#$ 1&8%- DISCOVERY EVALUATION% +n cae the contractor in"orm
that the #icloe# reer'oir win cre#it to be e'aluate#, in a term o" ninet% 2903
#a% counte# "rom the #ate o" u$enion o" the $er"oration in $ermanent "orm
o" the well, an a##itional $rogram will be ubmitte# "or the a$$ro'al o" the
Direction, i" it will not ha'e been carrie# out be"ore, "or the accom$lihment o"
tet o" e'aluation or $er"oration o" e'aluation well235 The abo'e mentione#
a##itional $rogram will contain a $rogram o" wor? an# a bu#get o" cot,
e&$ene, an# in'etment aociate# with the it, which will be in a##ition to
an% another obligation that the contractor ha in con"ormit% with the contract5
+n an% cae, the e&ecution o" an% e'aluation tet will be $er"orme#
without $re*u#ice o" the #i$oition arrange# in article 011 o" thi regulation5
Ar!"#$ 1&/%- CONTENT OF THE EVALUATION REPORT% The
e'aluation re$ort, "or e""ect o" article 13 o" thi regulation, will contain:
Traduccin Libre
a3 6n i#enti"ication o" the well23, reer'oir an# geological tructure(
b3 6 gra$h o" com$letion o" the well23(
c3 <alculation o" the initial 'olume o" cru#e oil, con#enate, an# natural ga
in $lace(
#3 The reco'er% "actor on the bai o" a calculation or $re#iction o" the
beha'ior b% metho# o" $rimar% an#Dor econ#ar% reco'er%(
e3 6 gra$hical hitor% o" the beha'ior o" the reer'oir $reure, hea#
$reure, $reure in the e$arator, ga-oil ratio, an# water-oil ratio
againt accumulate# $ro#uction an# time(
"3 6 choen reco'er% metho# an# reaon "or it election(
g3 6n anal%i o" the $ro#uce# cru#e oil an# natural ga(
h3 Detaile# reult o" the "ormation tet 2D.T3 $er"orme# in e'er% well(
i3 6n $reliminar% economic anal%i o" the #ico'er%( an#
*3 6 concluion with regar# to the commercialit% o" the #ico'er%5
Ar!"#$ 130%- DEVELOPMENT PROGRAMS% 29o#i"ie# b% 6rticle 09 o"
Go'ernmental 6greement Number 1/5-000535 7ithout $re*u#ice o" the
obligation o" the contractor "or the $er"oration o" #e'elo$ment well, accor#ing
to article 81 o" thi regulation, be"ore "inihing the e&ecution o" the "irt
e&$loitation $rogram o" an e&$loitation area, the contractor will $reent a
#e'elo$ment $rogram "or uch area5 The $reentation o" thi #e'elo$ment
$rogram i in#e$en#ent "rom the econ# $rogram o" e&$loitation that the
contractor mut $reent in con"ormit% with .ection ++ o" <ha$ter ; o" thi Title5
The #e'elo$ment $rogram houl# be u$gra#e# e'er% %ear, counte# "rom the
#ate o" $reentation o" the "irt $rogram5
The #e'elo$ment $rogram will contain at leat the "ollowing:
a3 6n e'aluation o" the well $er"orate# in the e&$loitation area(
b3 6n e'aluation o" the geological, geo$h%ical in"ormation, geo-chemical,
$etro-$h%ic, an# "lui# obtaine# an# relate# with the reer'oir23 o"
that "iel#, a well a the tu#ie o" reer'oir that inclu#e at leat the
calculation o" the oil in $lace, t%$e o" $uh, reco'er%, an# in"ormation o"
$reure, 'olume, an# tem$erature 2P;T3(
c3 6 #ecri$tion o" the #e'elo$ment well to be #rille#, the reco'er%
metho#, the technologie, an# the eAui$ment with which one $ro$oe
to #e'elo$ the $etroleum "iel#(
Traduccin Libre
#3 Plane with in#ication o" all the "acilitie that will be inclu#e# in the
e&$loitation %tem(
e3 The meaurement o" control o" $ollution an# a"et% that will be $ut in
$ractice(
"3 :e$ort o" $ro#uction an# $re#iction o" the beha'ior o" the reer'oir or
reer'oir, "or three %ear, an# the #e$letion o" the reer'oir
g3 6n etimation o" the in'etment o" #e'elo$ment, cot an# e&$ene o"
o$eration, an# 'alue o" the net $ro#uction an# the re$ecti'e cah "low(
h3 9ani"etation o" the contractor a "or hi #eciion to ue the o$tion
"oreeen in article /3 o" the Law( i" he #eci#e to ue uch an o$tion, the
in'etment "or the $roceing o" natural ga an#Dor other ubtance to
e""ect o" a'oi#ing the lea?, burning, combution, or wate o" thoe
$ro#uct(
i3 7hen it i the cae, a uggetion o" the agreement o" uni"ication that
are necear% "or the e&$loitation o" that $etroleum "iel#( an#
*3 6 wa% o" tran$ort o" the net $ro#uction "or it mar?eting5
Thi $rogram will be a$$ro'e# b% the 9initr% with $re'iou re$ort o" the
Direction an# o$inion o" the <ommiion "or which there will "ollow the
$roce#ure o" a$$ro'al etablihe# "or the e&$loration an#Dor e&$loitation
$rogram in .ection +++ an# +; o" <ha$ter ; o" thi Title, in what it will be
a$$licable5
Ar!"#$ 131%- COMPLETION OF THE CONFIDENTIALITY PERIOD%
The character o" con"i#entialit% o" the in"ormation $reente# a uch b% the
contractor will en# in the "ollowing cae:
a3 )a'ing "inihe# the term that i etablihe# in the contract counte# "rom
the #ate o" recei$t o" the corre$on#ing in"ormation(
b3 )a'ing "inihe# the contract, "or an% reaon( or
c3 -or the in"ormation, #ata, an# am$le relate# to an% area in the e""ecti'e
#ate o" return o" the ame one to national reer'e5
+n an% cae, the con"i#entialit% term will not be ma*or than two 203 %ear,
an# the Direction will #etermine what #ocumentation ha thi character, an# the
"orm in which it will ha'e to be accom$anie# b% mean o" the emiion o"
circular letter5
Ar!"#$ 13&%- AUTHORI+ATION FOR STUDY AND ANALYSIS% The
contractor will be able to e&$ort "rom the :e$ublic all the in"ormation, #ata, an#
am$le, $ro'i#ing that he will lea'e a re$ro#ucible original o" the in"ormation or
#ata, an# hal" o" the am$le or nuclei am$le in the hea# o""ice o" the cit% o"
Traduccin Libre
Guatemala a it i the cae, in the latter cae, e&ce$t with authori!ation o" the
9initr%5
CHAPTER VIII
E'PLORATION AND E'PLOITATION OPERATIONS
Ar!"#$ 133 - CONTRACTOR OBLIGATIONS: +t i the contractorF obligation to
$er"orm technical #e'elo$ment in all buine "iel# in a wa%, which $ro'i#e u""icient
ca$acit% in the h%#rocarbon e&$loitation %tem to achie'e the $ro#uction goal5 +n
accor#ance with article 130 herein, inclu#ing ro%altie an# Go'ernment in'ol'ement in
the h%#rocarbon $ro#uction hare5
Ar!"#$ 134 - MINISTERIAL AGREEMENTS: 29o#i"ie# b% 6rticle 30 o"
Go'ernmental 6greement Number 1/5-000535 +n or#er to guarantee the i#eal an#
rational e&$loitation o" reer'oir, an# in con"ormit% with the $ractice recogni!e# b%
mo#ern international $etroleum in#utr%, the 9initr% hall regulate the o$eration o"
e&$loration an#Dor e&$loitation, $articularl%:
a3 The location, $er"oration, com$letion, $ro#uction, u$enion an# aban#onment o"
the well(
b3 The eAui$ment to be ue# in the acti'itie mentione# in the $re'iou claue(
c3 The regulation an# control in $ro#uction le'el o" h%#rocarbon or water, on each
well or reer'e(
#3 The $recri$tion o" metho# to be a$$lie# "or the meaurement o"
h%#rocarbon, water an# other ubtance $ro#uce# b% the well(
e3 The retoration an# maintenance o" $reure an# rec%cling in the
h%#rocarbon #e$oit(
"3 The burning or remo'al o" h%#rocarbon "rom the contract area(
g3 The contruction an# o$eration o" oil $i$eline, ga $i$eline an# other
mean o" tran$ort in the contract area or among e&$loitation area an# the
common %tem, when thi i the cae(
h3 The $re'ention o" h%#rocarbon wate(
i3 The #etermination o" metho# an# con#ition o" wor? in wam$%, lacutrine
!one an# maritime !one(
*3 To a#o$t metho# to a'oi# the communication among trata containing
h%#rocarbon an#Dor water #uring $er"oration o$eration(
?3 The $recri$tion o" the minimal acce$table tan#ar# $roce#ure "or the metho#,
eAui$ment, an# material to be ue# in $etroleum o$eration(
l3 The metho# o" #i$oal, com$ilation, an# in*ection o" h%#rocarbon, water or
other ubtance( an#
Traduccin Libre
m3 =ther metho# hall be #etermine# a necear% "or $ro$er e&$loration an#
e&$loitation o$eration5
+n an% cae, the 6greement to which thi article re"er mut be $reent in or#er
to "ul"ill the contractorF obligation an# not to inter"ere with the "ree#om nee#e# to
manage o$eration5
Ar!"#$ 13, - SPECIFIC PROHIBITIONS: 29o#i"ie# b% 6rticle 31 o"
Go'ernmental 6greement Number 1/5-000535 During the e&$loration an#
e&$loitation o$eration i trictl% $rohibite# that the contractor:
a3 To wate h%#rocarbon(
b3 To wate or to ina#eAuatel% ue the natural energ% o" h%#rocarbon #e$oit(
c3 To locate, $er"orate or $ro#uce an% well that, on the bai o" technical or economic
$rinci$le acce$te# b% the international $etroleum in#utr%, to get a reult a
re#uce# Auantit% o" reco'erable h%#rocarbon "rom the reer'e(
#3 To $er"orate an# $ro#uce well in a wa% that will caue the #etruction or
wate o" h%#rocarbon or $ollution or human caualtie(
e3 To tore h%#rocarbon ina#eAuatel%(
"3 To $ro#uce h%#rocarbon e&cee#ing the o$timal $ro#uction ca$acit% or
e&cee#ing the ma&imum ca$acit% o" torage or tran$ort(
g3 To burn, wate or to ignore an% lea? o" natural ga that can be reco'ere#
or in*ecte# economicall%, e&ce$t the "oreeen in article 008 o" thi
regulation( an#
h3 To $ro#uce an# tore "ormation water without ta?ing the $ro$er in*ection
meaure to neutrali!e the $ollution e""ect5
During all $etroleum o$eration, contractor will be reAuire# to a$$l% uitable
metho# bae# on mo#ern technical an# economical $rinci$le a#o$te# b% the
international $etroleum in#utr%, in or#er to achie'e the mot e""icient reco'er% o" the
un#erl%ing h%#rocarbon5
Ar!"#$ 13- - RESPONSIBILITY OF THE PETROLEUM SERVICES
CONTRACTORS: 7hen a contractor carrie out the acti'itie $ro'i#e# "or in )iD)er
contract through a $etroleum er'ice contractor, the contractor will ha'e the ole
re$onibilit% to ma?e certain the $etroleum er'ice contractor actuall% carrie out
ai# acti'itie in accor#ance with article 39 o" thi Law5 The ame $rinci$le a$$lie to
$etroleum er'ice ubcontractor, when o be the cae5
TITLE III
INSURANCE AND BONDS
CHAPTER I
INSURANCE IN THE PETROLEUM OPERATIONS
Traduccin Libre
Ar!"#$ 13. 0 INSURANCE OF THE FACILITIES: 29o#i"ie# b% 6rticle 30 o"
Go'ernmental 6greement Number 1/5-000535 =n the contract o" $etroleum
o$eration, it i man#ator%, an# the contractor i in charge an# i hel# re$onible "or
the inurance o" the goo# an# "acilitie, that in accor#ance with the contract mut
$a on, at the en# o" the contract, to the $ro$ert% o" go'ernment5 The $a%ment that
the contractor ma?e relate# to inurance $rime or bail, will be coni#er a a
reco'er% cot or the% will be inclu#e# with the corre$on#ing "ine, accor#ing to the
cae5
Ar!"#$ 138 0 RESPONSIBILITY IN HYDROCARBONS MANAGEMENT:
29o#i"ie# b% 6rticle 33 o" Go'ernmental 6greement Number 1/5-000535 The
contractor aume "ull liabilit% "or h%#rocarbon in )iD)er "acilitie at own ri?, an# i
re$onible to re$on# "or an% h%#rocarbon lo5 The contractor will be able to inure
the cot o" h%#rocarbon an# "acilitie5 +nurance cot, $remium or bon# "ee $ai# b%
the contractor will be regar#e# a reco'erable cot or be inclu#e# in the re$ecti'e
tari"", in an% cae5
CHAPTER II
COMPENSATIONS
Ar!"#$ 13/ 0 COMPENSATION BONDS: 29o#i"ie# b% 6rticle 3, o"
Go'ernmental 6greement Number 1/5-000535 4e"ore the ubcri$tion o" an oil
o$eration contract, an# while it remain in e""ect, the contractor will obtain, an# $reent
to the 9initr% a bon# or guarantee "or $oible #amage, re$air an#Dor $re*u#ice
in'ol'ing the Go'ernment or in#i'i#ual, an# their re$ecti'e goo#, inclu#ing the
#eri'ati'e o" $ollution5 The 9initr% will re'iew the bon# or guarantee annuall%5
7hen a reult o" a thir# $art% claim, an% $a%ment ma#e to co'er #amage
an#Dor $re*u#ice will #e#uct "rom the #e$oite# bon# to co'er com$enation, in
con"ormit% with the contract5 6n# i" the bon# "un# i re#uce#, the contractor an#Dor
$etroleum er'ice contractor, in an% cae, will obtain a##itional bon# or e&ten#
e&iting one a oon a $oible while the contract remain in e""ect in or#er to
maintain the original amount reAuire#5
CHAPTER III
APPROVAL AND REVIEW OF BONDS AND2OR INSURENCES
Ar!"#$ 140 - APPROVAL AND REVIEW: 29o#i"ie# b% 6rticle 35 o"
Go'ernmental 6greement Number 1/5-000535 The 9initr% will a$$ro'e an#Dor will
annuall% re'iew the amount o" bon# an# inurance the contractor an#Dor the
$etroleum er'ice contractor $ro'i#e to com$l% with the Law an# the contract, a it i
the cae5
Ar!"#$ 141 - INSUFFICIENT AMOUNT: 29o#i"ie# b% 6rticle 3/ o"
Go'ernmental 6greement Number 1/5-000535 The $reentation o" a bon# or
inurance #oe not e&em$t the contractor( the contractor o" $etroleum er'ice , or a
$ermiion hol#er, ha'e the obligation to com$enate in "ull "or #amage an#Dor
$re*u#ice, that might be caue# e'en when the amount i not u""icient to co'er the
com$enation $a%ment the cae im$lie5
Traduccin Libre
CHAPTER IV
PRECAUTIONARY MEASURES
Ar!"#$ 14& - NOTIFICATION MEASURES: Due to the characteri!e# utilit% an#
$ublic nee# o" oil o$eration, i" an% Go'ernment aet, right or interet concerning
$etroleum o$eration coul# be a""ecte# b% $recautionar% meaure, e&ecution or
*u#icial $rocee, the contractor mut noti"% the 9initr% imme#iatel% an# $ro'i#e all
in"ormation to allow the Go'ernment $re$are a #e"ene cae an# ta?e corre$on#ing
action5 6n% omiion or carelene "rom the contractor in thi regar# will contitute
e&treme gra'it%5
TITLE IV
NATURAL GAS AND2OR OTHER SUBSTANCES
CHAPTER I
UTILI+ATION AND DELIVERY
Ar!"#$ 143 - NATURAL GAS: 29o#i"ie# b% 6rticle 31 o" Go'ernmental
6greement Number 1/5-000535 The natural ga, which the e&$loitation i not
coni#er commercial, will be ue# with $re'iou authori!ation "rom the Direction,
$rimar% in the e&$loitation o$eration within the contract area o" the corre$on#ing
contract, in accor#ance with article 001 o" thi regulation5
+n the cae o" a contractor, in accor#ance with article /3 o" thi Law, #eci#e to
$roce natural ga an# com$romie# in the #e'elo$ment $rogram to e&ecute certain
$ro*ect in a #e"ine# time"rame but #oe not ta?e $rogram meaure to a'oi# the
burning, lea?age, combution or wate o" ga, the 9initr% will et a #ea#line o" i&
month 2/3 "or contractor com$liance, $rohibiting the e&ecution o" an% wor? while there
are not ta?en the correcti'e meaure to "i& the $roblem5
Ar!"#$ 144 - DELIVERY OF NATURAL GAS AND2OR OTHER SUBSTANCES:
29o#i"ie# b% 6rticle 38 o" Go'ernmental 6greement Number 1/5-000535 +n cae
that the contractor #oe not e&ecute the com$romie# $ro*ect an#Dor "ail to meet the
#ea#line, a in#icate# in the $re'iou article, $rogram meaure will be $a on to the
go'ernment, i" it #eci#e o, the natural ga an#Dor other ubtance in accor#ance to
the econ# $aragra$h in article /3 o" thi Law5
Ar!"#$ 14, - BURNING OR COMBUSTION OPTION: +n cae, an# in
accor#ance with the $re'iou article, natural ga an#Dor other ubtance, which woul#
ha'e been urren#ere# to the Go'ernment, the 9initr% will be able to $rocee# with the
burning or combution o" ai# ubtance, while it #etermine the mot uitable "orm o"
action "or the national interet5 6ll e&$ene incurre# will a## u$on the e&$ene o"
the contract area o$eration5
Ar!"#$ 14- - UTILI+ATION CONTRACTS: +" the De$artment #eci#e not to ue
the natural ga an#Dor other ubtance, urren#ere# in accor#ance with thi <ha$ter,
b% itel", will $rocee# to o""er the ale o" contractorF licene to thir# $artie, $en#ing
$rior o$inion o" the <ommiion in accor#ance with the Law, with the intent to ta?e
a#'antage o" the abo'e-mentione# ubtance5
Traduccin Libre
CHAPTER II
ROYALTIES AND PARTICIPATION WITH REGARD TO SULPHUR
AND2OR OTHER SUBSTANCES
Ar!"#$ 14. - ROYALTIES SHARE CONCERNING SULPHUR AND2OR
OTHER SUBSTANCES: +n cae o" obtaining ul"ur an#Dor other ubtance, where
e&$loitation i commercial, the contractor will ha'e to $a% to the Go'ernment, a
minimum ro%alt% o" "i'e $er cent 25 E3 o" the clear $ro#uction o" ai# ubtance5
Ar!"#$ 148 - APPLICATION OF ROYALTIES AND GOVERNMENT
PARTICIPATION: The ro%altie an# tate $artici$ation in the $ro#uction o" ul"ur an#Dor
other ubtance will a$$l% onl% when $ro#uce# "rom "acilitie that "orm $art o" the
%tem o" e&$loitation o" h%#rocarbon or "rom the common %tem, whate'er the
cae5 The tate $artici$ation in the $ro#uction o" ul"ur an#Dor other ubtance will
a$$l% b% analog% an# etablihe# in the contract $ro'i#e# "or in the econ# $aragra$h
o" claue a3 o" article // o" thi Law5
TITLE V
DETERMINATION, APPROVAL AND AD*USTMENT OF THE PRICE OF THE
HYDROCARBONS
CHAPTER I
AUTHORITY IN CHARGE OF THIS DETERMINATION
Ar!"#$ 14/ - AUTHORITY IN CHARGE OF DETERMINATION: 29o#i"ie# b%
6rticle 39 o" Go'ernmental 6greement Number 1/5-000535 Pen#ing $rior o$inion
o" the <ommiion, the 9initr% will #etermine the mar?et $rice o" the national cru#e
oil5 The #etermination will er'e onl% "or the $ur$oe etablihe# in the Law an# in the
contract( ne'erthele getting better $rice in the mar?et, the contractor ha'e the right
to ell the h%#rocarbon to #i""erent $rice, an# the% houl# in"orm the 9initr% o" thoe
$rice o the% can a#*ut the $a%ment to the etate "or their income an# 'alori!ation o"
$ro#uction5
CHAPTER II
MAR(ET PRICE DETERMINATION OF CRUDE OIL
Ar!"#$ 1,0 - NATIONAL CRUDE OIL: 29o#i"ie# b% 6rticle ,0 o"
Go'ernmental 6greement Number 1/5-000535 -or the e""ect o" thi regulation,
national cru#e oil will be name#, to that e&$loite# or $ro#uce# oil within the countr% an#
their maritime continental $lat"orm5
Ar!"#$ 1,1 - MAR(ET PRICE DETERMINATION OF NATIONAL CRUDE OIL:
29o#i"ie# b% 6rticle ,1 o" Go'ernmental 6greement Number 1/5-000535 The
mar?et $rice o" the national cru#e oil will be #etermine bae# on international mar?et
$rice, an# will be etablih at the $ort o" .anto Toma #e <atilla o" Guatemala or an%
other national $ort accor#ing to thi regulation5 -or the e""ect, the "ollowing $roce#ure
will be "ollow:
a3 The mar?et $rice o" the national cru#e oil will be the $rice o" the international
mar?et at the Port o" )outon in the >nite# .tate o" 6merica, le the maritime
Traduccin Libre
tran$ort o" the cru#e oil at the Port o" .anto TomK De <atilla in the :e$ublic o"
Guatemala to the Port o" )outon(
b3 -or the e""ect o" the $re'iou claue, it will be et one or more international cru#e
oil a a re"erence b% it characteritic, in com$arion with the characteritic an#
Aualit% o" the national cru#e oil(
c3 The $rice o" the international cru#e oil, at the Port o" )outon, will be #etermine# a
the arithmetic a'erage $rice o" the cru#e oil in#icate# at the claue b3 o" thi
article, correcte# b% the #i""erential o" Aualit%, accor#ing to the article 150 o" thi
:egulation(
#3 The $rice o" re"erence o" international cru#e oil in#icate# on the claue b3 o" thi
article, et at the Port o" )outon, will be #etermine# "or e'er% one o" them, a##e#
to the a'erage $rice, the amount o" maritime tran$ort "rom their e&$ortation $ort to
the $ort o" )outon, when it i the cae5 The $rice et "or e'er% international cru#e
oil et $re'ioul%, will be gotten through the international $ublication $eciali!e# in
the matter5
Ar!"#$ 1,& - DIFFERENTIAL OF )UALITY: 29o#i"ie# b% 6rticle ,0 o"
Go'ernmental 6greement Number 1/5-000535 The #i""erential o" Aualit% will
com$rehen# the #i""erential o" gra'it%, a #i""erential "or the content o" ul"ur, in an%
cae, a #i""erential that inclu#e all the a$ect an# other characteritic that a""ect the
Aualit% o" the $etroleum5
The #i""erential o" Aualit% will be #etermine# or a#*ute#, accor#ing to the
general $roce#ure acce$te# in the international oil in#utr%, or the $eci"ic con#ition
o" bu%-ell contractual $re'iou to be a$$ro'e# b% the 9initr%5
The 9initr% can utili!e other #i""erential o" Aualit% i" it i im$ortant to ta?e it in
coni#eration5
Ar!"#$ 1,3 - DIFFERENTIAL OF GRAVITY: 26bolih b% the 6rticle 15 o" the
Go'ernmental 6greement Number 1/5-000535

Ar!"#$ 1,4 - )UALITY DIFFERENTIAL FOR SULFUR: 26bolih b% the 6rticle
15 o" the Go'ernmental 6greement Number 1/5-000535
Ar!"#$ 1,, - CHARACTERISTICS OF THE INTERNATIONAL CRUDE OILS:
26bolih b% the 6rticle 15 o" the Go'ernmental 6greement Number 1/5-000535
Ar!"#$ 1,- - ANOTHER FOREIGN PORT: 29o#i"ie# b% 6rticle ,3 o"
Go'ernmental 6greement Number 1/5-000535 +n or#er to 'eri"% the international mar?et
$rice o" the national cru#e oil to which in article 151 o" thi regulation, the 9initr% will
be able to chooe another $ort #i""erent "rom )outon5 +n an% cae, the new electe#
$ort mut be the one o" the $rinci$al $ort o" im$ort o" cru#e oil acce$te# a a
re"erence "or the commerciali!ation o" the $etroleum, or one o" the $rinci$al $ort o"
im$ort in the countr% bu%ing the national cru#e oil5
Ar!"#$ 1,. - PORT OF SHIPMENT: 29o#i"ie# b% 6rticle ,, o" Go'ernmental
6greement Number 1/5-000535 -or the e""ect arrange# in article 151 o" thi
regulation, another $ort o" e&$ortation will be able to be ue#, rela%ing on the
Traduccin Libre
necear% "acilitie "or the commerciali!ation an# #etermination o" the $rice o" the
national cru#e oil5
+n thi cae, it will be ta?en the mar?et $rice o" the national cru#e oil, "ollowing
the metho#olog% o" the calculation ma#e at the $ort o" .anto Toma #e <atilla5
Ar!"#$ 1,8 - REPORTS FOR THE DIRECTION: 29o#i"ie# b% 6rticle ,5 o"
Go'ernmental 6greement Number 1/5-000535 4e"ore #eci#ing the mar?et $rice o" the
national cru#e oil an# the #i""erential o" Aualit% in#icate# on the article 150 o" thi
regulation, the Direction, at the ma&imum o" the twent% 2003 o" e'er% month will hare
with the 9initr% a co$% to the <ommiion, the necear% in"ormation an#
calculation, uch a:
a3 The $rice o" the international cru#e oil ue# a a re"erence "or the #etermination o"
the mar?et $rice o" the national cru#e oil(
b3 T%$e an# 'olume o" the cru#e oil $ro#uce# in the lat trimeter(
c3 The #i""erential o" Aualit% a$$licable accor#ing to the article 150 o" thi regulation(
#3 Tari"" an# maritime en"orcement right an# it re$ecti'e tren#(
e3 6 $ro$oe# mar?et $rice o" the national cru#e oil an# the mar?et $rice at the $oint
o" meaurement , or mutual $oint o" meaurement, in an% cae, the $ro#uce# cru#e
oil in each area o" e&$loitation in the national territor% an# it continental maritime
$lat"orm(
"3 6ll the in"ormation that i coni#ere# necear% or reAuete# b% the 9initr%5
Ar!"#$ 1,/ - REVIEW: =nce recei'e#, the re$ort to which the $re'iou article
re"er( the De$artment will be able to acute to the Direction, which ha alrea#% been
chec?e# b% the commiion, what the% thin? about the #etermination o" $rice an#Dor
#i""erential o" Aualit% be"ore reol'ing the a$$ro'al o" the mar?et $rice "or the national
cru#e oil, an# the 'alue o" thee #i""erential o" Aualit%5
Ar!"#$ 1-0 - THE PRICE AND DIFFERENTIALS OF THE NATIONAL CRUDE
OIL OUTPUT: 29o#i"ie# b% 6rticle ,/ o" Go'ernmental 6greement Number 1/5-000535
The mar?et $rice o" cru#e oil $ro#uce# b% the contractor, 'alue# at the $oint o"
meaurement or when o, i the cae in the mutual $oint o" meaurement will be that
which corre$on# to the national mar?et $rice o" cru#e oil at the $ort o" .anto Toma
#e <atilla, a$$l%ing the #i""erential o" Aualit% in#icate# in article 150 o" thi regulation,
an# in cae o" terretrial $ro#uction, le tran$ort cot "or the mot economic
a'ailable wa% "rom the $oint o" meaurement or, when it i the cae, the mutual $oint o"
meaurement, to the $ort o" .anto Toma De <atilla or the $ort choen accor#ing to
article 151 o" thi regulation5
Ar!"#$ 1-1 - AD*USTMENT FOR SELECTION OF PORTS ON THE PACIFIC
COAST: 26bolih b% the 6rticle 15 o" the Go'ernmental 6greement Number 1/5-
000535
CHAPTER III
MAR(ET PRICE OF GAS OF MOUTH OF WELL, NATURAL MAR(ETABLE GAS,
LI)UEFIED GAS OF OIL AND CONDENSATE
Traduccin Libre
Ar!"#$ 1-& - DETERMINATION: 29o#i"ie# b% 6rticle ,1 o" Go'ernmental
6greement Number 1/5-000535 The mar?et $rice o" natural mar?etable ga $ro#uce#
in the :e$ublic an# $lace# in Guatemala <it%, will be etablihe# b% analog%, or the
corre$on#ing cae, "ollowing the etablih $roce#ure o" article 151 o" thi regulation,
ta?ing in count the calori"ic 'alue an# the gaeou tate o" thi h%#rocarbon5
Ar!"#$ 1-3 - REPORTING TO THE DIRECTION: 29o#i"ie# b% 6rticle ,8 o"
Go'ernmental 6greement Number 1/5-000535 4e"ore a#a$ting the calculate# $rice in
the $re'iou article to obtain the mar?et $rice o" the natural mar?etable ga the
Direction, at the latet be"ore the twent% 2003 o" each month, will be $reent to the
9initr% an# a co$% to the <ommiion the "ollowing in"ormation:
a3 +#enti"ication o" the #i""erent t%$e an# characteritic o" natural mar?etable ga
a'ailable "or it mar?eting(
b3 <alori"ic ;alue(
c3 =ther $h%ical an# chemical characteritic o" the natural mar?etable ga that
er'e to #etermine it $rice(
#3 The $ro$oe# mar?et $rice o" the natural mar?etable ga( an# the mar?et $rice o"
the natural mar?etable ga "or each o" the contractor( an#
e3 6n% other in"ormation that i nee#e# to be inclu#e# or that i nee#e# b% the
9initr%5
Ar!"#$ 1-4 - PROCEDURE TO AD*UST THE NATURAL MAR(ETABLE GAS
PRICE: 26bolih b% the 6rticle 15 o" the Go'ernmental 6greement Number 1/5-000535
Ar!"#$ 1-, - DIFFERENT PRICE FOR THE MAR(ETABLE NATURAL GAS:
29o#i"ie# b% 6rticle ,9 o" Go'ernmental 6greement Number 1/5-000535 +n cae the
9initr% coni#er that the mar?et $rice o" the mar?etable natural ga etablihe# in
con"ormit% with the article 1/0 o" thi regulation, #oe not a#*ut to the con#ition o" the
national or international mar?et, can be "i&, $re'iou to the <ommiion o$inion, et to
a #i""erent $rice that are u""icient to #o the economic commerciali!ation o" the ga,
an# the in'etor are re$onible to a#eAuate an# buil# the necear% intallation "or
the bet to the h%#rocarbon5
Ar!"#$ 1-- - LI)UEFIED-OIL GAS PRICES: 26bolih b% the 6rticle 15 o" the
Go'ernmental 6greement Number 1/5-000535
Ar!"#$ 1-. 0 CONDENSED PRODUCT PRICES: -or an% another mi&ture o"
con#ene# $ro#uct, #i""erent "rom the liAue"ie# ga o" oil, the mar?et $rice will be "i&e#
on the bai o" reaonable criteria billing it Aualit% an# calori"ic 'alue, a well a the
$ractice ue# in the international $etroleum in#utr%5
Ar!"#$ 1-8 0 PRICING OF NATURAL MAR(ETABLE GAS AND
CONDENSED PRODUCED OUT OF THE REPUBLIC: 26bolih b% the 6rticle 15 o" the
Go'ernmental 6greement Number 1/5-000535
Ar!"#$ 1-/ - PRICING OF GAS AT THE WELL HEAD: 29o#i"ie# b% 6rticle 50
o" Go'ernmental 6greement Number 1/5-000535 The mar?et $rice o" ga at the well
hea# will be "i&able b% the 9initr%, $en#ing $rior o$inion "rom the <ommiion, ta?ing
Traduccin Libre
in count the tari"" o" tran$ortation a$$ro'e# an# "ollowing the metho#ologie that bet
"it the mar?et con#ition, bene"iciating the national interet an# the bet han#le o" it5
CHAPTER IV
SULFUR AND2OR OTHER SUBSTANCES PRICES
Ar!"#$ 1.0 0 PRICE: The mar?et $rice o" ul"ur an#Dor other ubtance will be
#eci#e# bae# on the im$ort $rice o" the abo'e-mentione# ubtance at the $ort o"
.anto TomK De <atilla, le the tran$ortation cot "rom the $oint o" meaurement
or, when it i the cae, "rom the *oint $oint o" meaurement, u$ to the abo'e-mentione#
$ort5
+n cae the De$artment houl# coni#er that the mar?et $rice o" ul"ur an#Dor
other ubtance, etablihe# in con"ormit% with thi article #oe not a#*ut to the
national realit%, it will be able to be "i& the $rice, $en#ing $rior o$inion "rom the
<ommiion, a #i""erent mar?et $rice that i u""icient to mar?et ul"ur economicall%
an#Dor other ubtance, an# to in#uce the in'etor to contruct the necear%
"acilitie that tretch the utili!ation o" ul"ur an#Dor other ubtance5
Ar!"#$ 1.1 - END PERIOD TO SET PRICES AND ITS CHANGE: The
#etermination o" the mar?et $rice o" the national cru#e oil, con#ene# $ro#uct, ga
emanating "rom the well, natural mar?etable ga, liAue"ie# ga "rom oil, ul"ur or other
ubtance, will be #one on the "i"teenth 2 15 3 calen#ar #a% be"ore the beginning o"
e'er% month "or which it will be a$$licable( ne'erthele the $rice o" the h%#rocarbon
that nee# $rice "i&ing will ha'e $ro'iional character in a $erio# o" three 2 3 3 month,
an# when retroacti'e change coul# ha$$en in the international mar?et or other
un"oreeen cae, the De$artment, $en#ing $rior o$inion "rom the <ommiion, will "it
the $rice, $ro'i#e# it a$$lie the $rinci$le co'ere# b% thi regulation5 6"ter the abo'e-
mentione# $erio# o" three 233 month regar# the $rice a #e"initi'e "or the
corre$on#ing month5
Ar!"#$ 1.& - MAR(ET PRICING: 29o#i"ie# b% 6rticle 51 o" Go'ernmental
6greement Number 1/5-000535 The 9initr% bae# on the mar?et $rice o"
h%#rocarbon, #etermine# in thi cha$ter, through 9initerial 6greement will "i& an#
$ublih the ame at the Diario #e <entro 6merica new$a$er "or onl% one time5
Ar!"#$ 1.3 0 PUBLICATION: 26bolih b% the 6rticle 15 o" the Go'ernmental
6greement Number 1/5-000535
Ar!"#$ 1.4 - APPLICATION OF THE PRICE: The mar?et $rice #etermine# b%
the De$artment in con"ormit% with thi regulation will ta?e e""ect "rom the "irt calen#ar
#a% o" the month to which it i a$$lie#5
Ar!"#$ 1., 0 CONTRACTORS OPINION: During the "irt "i"teen 2153 #a% o"
e'er% calen#ar month, the contractor will be able to $reent their $oint o" 'iew, bae#
on the #ocumente# #etermination o" the mar?et $rice o" the national cru#e oil "or the
"ollowing month5
Ar!"#$ 1.- 0 INFORMATION: The contractor are com$elle# to $ro'i#e to the
De$artment the in"ormation, re$ort an# laborator% anal%i that are latter nee#e# "or
the #etermination o" the $rice o" the h%#rocarbon an#Dor other ubtance5
Ar!"#$ 1.. - FALSE OR INCOMPLETE INFORMATION: 29o#i"ie# b% 6rticle
50 o" Go'ernmental 6greement Number 1/5-000535 Thi ha $rohibite# the contractor,
Traduccin Libre
to $ro'i#e to the 9initr% "ale or incom$lete in"ormation, un#er the threat o" incurring a
ma&imum "ine "oreeen in article ,0 o" the Law5
The 9initr%, through the technical an# u$er'ie unit, or through the $eron
or aeor "irm contracte# b% them, national or international, are able to 'eri"% the
ell $rice o" h%#rocarbon mar?ete# b% the contractor5
7hen a reult o" "ale or incom$lete in"ormation o'ercome #amage or
$articularl% coni#erable $re*u#ice "or the Go'ernment, thi will be able to gi'e "or
"inihe# the contract without re$onibilit% at it $art, "ollowing the $roce#ure "oreeen
in article 51 o" thi regulation5
TITLE VI
HYDROCARBONS TRANSPORTATION CHAPTER, TRANSPORT TARIFFS,
STORAGE AND DECANTING
Ar!"#$ 1.8 - TRANSPORTATION PROGRAMS: The contractor ha
authori!ation to contruct an#Dor to o$erate on $art or in totalit% o" a tran$ortation
%tem, thi will how be"ore the Direction, with three 233 month be"ore the beginning
o" e'er% %ear, a tran$ortation $rogram will inclu#e a minimum the "ollowing:
a3 6 $rogram that will contain the wor? that will be reali!e#(
b3 The bu#get o" the cot, e&$ene an# in'etment(
c3 The o$eration $rogram will contain:
i5 The h%#rocarbon 'olume that will be han#le# clai"ie# b% t%$e an# owner(
ii5 The h%#rocarbon management 'olume o" the in#icate# in the $re'iou
numeral(
#3 The tari"" that the $ro*ect a$$lie( an#
e3 6 e&ecution chronogram o" the $rogramme# wor? an# o" the bu#get5 The "irt
$rogram o" wor? will a$$ear within a ma&imum $erio# o" three 233 month counte#
"rom the e""ecti'e #ate an# will a$$l% to the ret o" the %ear in e&ecution an#
"ollowing %ear5
Ar!"#$ 1./ 0 REPORTS: +n the "ort%-"i'e #a% 2,53 "ollowing the #ate o"
rece$tion o" the tran$ortation $rogram, the Direction along with the 6u#it De$artment
will tu#% thi $rogram an# the% will $reent a re$ort to the De$artment with co$% to the
<ommiion5 The relate# re$ort will contain, a minimum the recommen#ation
in#icate# in the claue a3, b3 an# c3 in article 91 o" thi regulation, an# when o i the
cae, a $rorogation in con"ormit% with in article 190 o" the ame one5
Ar!"#$ 180 0 RESOLUTION: :ecei'e# the in#icate# re$ort in the $re'iou
article, the De$artment will emit the corre$on#ing reolution among other a$ect
which will $a, or will #imi the tari"" or tari"" $ro$oe# in the tran$ortation $rogram
$reente# b% the contractor5
Ar!"#$ 181 - ANALOG PROCEDURES: The .ection +++ an# +; o" the <ha$ter
; o" the Title ++ will be a$$licable, "or analog%, to the tran$ortation $rogram5 +" originall%
in one %ear the #etermine# tari"" ha not been a$$ro'e#, there will a$$l% to itel",
$ro'iionall%, the tari"" a$$ro'e# "or the $re'iou %ear5
Traduccin Libre
CHAPTER II
DIRECT SUBSCRIPTION OF TRANSPORTATION CONTRACTS
Ar!"#$ 18& - RE)UEST FOR DIRECT SUBSCRIPTION: 6t an% time #uring the
e&$loitation $erio#, a contractor who ha a$$ro'e# one or e'eral area "or
e&$loitation, will be able to reAuet to the De$artment b% itel" or together with
contractor "rom other area, that nee# to ue the tran$ortation %tem, a reolution
nee#ing to intall a tran$ortation %tem, an# intention o" carr%ing out a #irect
ubcri$tion o" a tran$ortation contract, in accor#ance with article /, o" thi Law5
Ar!"#$ 183 - INFORMATION FOR DIRECT SUBSCRIPTION: 29o#i"ie# b%
6rticle 53 o" Go'ernmental 6greement Number 1/5-000535 6long with the reAuet to
which the $re'iou article re"er, the contractor will $reent:
a3 +" it i the cae, the in"ormation that )eD.he nee# to #emontrate:
i5 The ca$acit% o" tran$ortation in o$eration i inu""icient, technical or
economicall% ina#eAuate "or the tran$ort o" the h%#rocarbon "rom the $lace o"
meaurement, or when it i the cae, "rom the $lace o" meaurement in
combination to the $ort in terminu, $lant o" torage an# the $lace o" it
in#utriali!ation or other $lace that agree to the interet o" the $artie
in'ol'e# o" the $ro#uction o" h%#rocarbon(
ii5 That the h%#rocarbon $ro#uce# b% the contractor olicitor will be tran$orte# in
the tran$ortation %tem $ro$oe# low cot than the e&iting mean o"
tran$ortation in the moment to #o hiDher reAuet(
b3 General characteritic o" the tran$ortation %tem where to hiDher *u#gment i
necear%(
c3 The commitment to tran$ort the $art o" the h%#rocarbon that corre$on# to the
Go'ernment "or an% conce$t(
#3 The $reliminar% route an# alternati'e route that heDhe $ro$oe "or the
tran$ortation %tem(
e3 To o""er to the Go'ernment, in eAualit% o" con#ition, o" mi&e# com$anie
aociating or to "orm with the contractor "or the etablihment o" the %tem o"
tran$ort, agree with the etablihe# b% in article /, o" the Law( an#
"3 +n the cae, the agreement among the contractor "or the etablihment an#
o$eration o" the $ro$oe# tran$ortation %tem5
Ar!"#$ 184 - STUDY OF THE RE)UEST: The De$artment will #eal to the
Direction, the reAuet re"erring to in article 180 o" thi regulation, in or#er that )eD.he
$er"orm the anal%i o" thi one, in con"ormit% with the "ollowing:
a3 )eD.he will 'eri"% the recei'e# in"ormation an# will obtain the in"ormation that i
necear%(
b3 )eD.he will reali!e the tu#ie that it i coni#ere# to be $ertinent(
c3 )eD.he will anal%!e the term an# con#ition reAuiring #irect ubcri$tion(
Traduccin Libre
#3 )eD.he will tu#% at con'enience o" the Go'ernment at which it i aociate# or at
which it "orm a mi&e# com$an% with the contractor(
e3 )eD.he will anal%!e the i#eal route o" the tran$ortation %tem "rom the $oint o"
'iew o" the national interet( an#
"3 =ther a$ect coni#ere# uitable5 6nal%!e# the reAuet, the Direction will how
the re$ort to the De$artment with a co$% to the <ommiion "or it coneAuent
e""ect5
Ar!"#$ 18, - AUTHORI+ED CORRIDOR OF CONSTRUCTION: 7hene'er
nee#e#, the intallation o" a tran$ortation %tem, bae# on $re'iou tu#ie, $en#ing
$rior o$inion "rom the <ommiion, b% Go'ernment a$$ro'al "or the #e"initi'e route to
etablih the tran$ortation %tem, which will not e&cee# wi#th o" "our 2,3 ?ilometer,
a well a the location o" the terminal5 +n thi cae, the in#icate# corri#or will contitute
a right o" route5 -rom the $ublication o" the Go'ernmental 6greement to which the
$re'iou $aragra$h re"er, the contractor will ha'e i& 2/3 month to $reent the $lan o"
etablihment o" the tran$ortation %tem5 +n an% cae, the contruction o" the
tran$ortation %tem will be ub*ect to the limit that the De$artment emit in it
o$$ortunit%5
Ar!"#$ 18- 0 RESOLUTION: The De$artment will ha'e a term o" i&t%- 2/03,
#a% counte# "rom the rece$tion #ate o" the $lan "or etablihment o" the tran$ortation
%tem, to emit $en#ing $rior o$inion "rom the <ommiion, the reolution that
corre$on# an# regar# to the reAuet to which there re"er in article 180 o" thi
regulation5 The abo'e-mentione# $lan will ha'e to be ?nown "or the Direction "or it
anal%i in the term that the De$artment arrange5
The reolution emitte# b% the De$artment on a #irect ubcri$tion reAuet, i"
"a'orable will contain: a3 The ober'ation an# recommen#ation to atten# concerning
the $lan o" etablihment an# o$eration( b3 The t%$e o" contract, the term an#
con#ition o" thi one( an# c3 The a$$licable "ormula "or the #etermination o" the
tran$ortation, torage an#Dor wait tari""5
Ar!"#$ 18. - TRANSPORTATION CONTRACT MODEL: +n cae the reolution
i "a'orable, the De$artment will elaborate in the $ace o" 213 month "rom which the
reolution remain "irm, the contract mo#el that will ubcribe with the contractor, who
will contain, a minimum, the "ollowing:
a3 The contractor obligation to contruct the tran$ortation %tem in a term ti$ulate#
in the contract that will not be more than three 233 %ear, on the bai o" the #eign,
ca$acit%, cot in the alrea#% a$$ro'e# annual tran$ortation $rogram(
b3 The obligation to contruct the tran$ortation %tem on the corri#or in#icate# in
article 185 o" thi regulation, an# to contruct o" $um$ing or com$reion tation
an# tan? or terminal in the area be"ore a$$ro'e# b% the Go'ernmental
6greement to which in article be"ore mentione# re"er(
c3 The obligation to o$erate on the tran$ortation %tem in an uninterru$te# an#
contant wa%, e&ce$t in necear% cae o" emergenc%, "ortuitou cae or ma*or
"orce, re$air, maintenance or becaue o" a##itional contruction(
#3 The obligation to gi'e er'ice to all the uer in a not #icriminator% "orm, on the
bai o" tari"" etablihe# o" con"ormit% with the Law(
Traduccin Libre
e3 The obligation to contruct in reAuirement o" the De$artment, the $um$ing or
com$reion tation, tan?, terminal or lateral #uct that are necear% "or the
uitable "unctioning o" the tran$ortation %tem, an# to er'e in an i#eal wa% to the
contractor o" e&$loration an#Dor e&$loitation in the area er'e# b% the
tran$ortation %tem(
"3 The obligation to e&ecute other acti'itie nee#e# "or the goo# "unctioning o" the
tran$ortation %tem(
g3 The contractorF obligation $er"orm etimate when there will be contracte#
er'ice "or the total or $artial contruction an#Dor o$eration o" the tran$ortation
%tem to which thi <ha$ter re"er, "or an amount that o'ercome the um o" one
hun#re# thouan# Guet!al 2G5 100,0005003( the etimate mentione# abo'e will
be a$$ro'e# b% three re$reentati'e "rom the De$artment an# three
re$reentati'e o" the contractor5 -or uch $ur$oe, the% will ta?e in count
eentiall% the characteritic o" Aualit%, time o" #eli'er%, $rice com$etiti'ene,
technical aitance o" $are $art an# the nature o" the guarantie# wor? about
which )eD.he houl# treat itel"( an#
h3 The term o" the tran$ortation contract celebrate# b% #irect ubcri$tion will not be
able to be ma*or than the term o" the contract o" e&$loration an#Dor e&$loitation o"
the contractor5 +n cae e'eral o$eration, contractor o" e&$loration an#Dor
e&$loitation ta?e $art in the contract with #irect ubcri$tion5 The com$letion #ate o"
the abo'e-mentione# contract will be the com$letion #ate o" contract o" e&$loration
an#Dor e&$loitation o" the contractor who i the ma*or aociate to the e""ecti'e #ate
o" the contract o" #irect ubcri$tion5 -or a tran$ortation contract that i not "or
#irect ubcri$tion, the term will be the etablihe# one in article 10 o" the Law5 The
<ommiion will ha'e to emit o$inion with regar# to the mo#el to which thi article
re"er, be"ore the ubcri$tion o" the contract o" tran$ort5
The con#ition etablihe# in thi article, with e&ce$tion o" the etablihe# in the
claue h3, without $re*u#ice o" other con#ition "i&e# in the re$ecti'e bi##ing roun#,
thee will be a$$licable "or the contract o" tran$ortation o" $etroleum o$eration5
Ar!"#$ 188 - HYDROCARBONS TRANSPORTATION OF MANY CONTRACT
AREAS: 7hen the tran$ortation %tem contem$late the er'ice "or two 203 or more
area o" the contract5 The De$artment will reAuet "rom the in'ol'e# contractor in the
term o" ten 2103 #a%, counte# "rom the remin#er #ate o" the reolution to gi'e an
o$inion about the contruction $ro*ect o" the tran$ortation %tem in Auetion5
Ar!"#$ 18/ 0 ACCEPTANCE: 7hen being the cae that the contractor will
#emontrate in writing hiDher acce$tance be"ore the De$artment, o" the term an#
con#ition o" the mo#el contract "or tran$ortation an# the etablihment $lan o" the
tran$ortation %tem in Auetion, along with an eAui'alent guarantee, the 'alue o" the
aw?war# wor? a$$lie b% analog% a etablihe# in <ha$ter ;+ o" Title ++ o" thi
regulation5
Ar!"#$ 1/0 - SUBSCRIPTION AND PUBLICATION: 29o#i"ie# b% the 6rticle 18
o" the Go'ernmental 6greement number 153-9035 =nce in e""ect the Go'ernmental
6greement to which in article /, o" the Law re"er, an# in com$liment with the in#icate#
in article 189 o" thi regulation5 +t will $rocee# to the ubcri$tion o" the tran$ortation
contract, which mut $ublih at contractorF e&$ene, in the =""icial New$a$er5
Traduccin Libre
+n cae o" total or $artial incom$liance o" the aw?war# wor?, there will be
e""ecti'e the guarantee mentione# in the $re'iou article, an# the contract will
terminate imilar to the $roce#ure etablihe# in article 51 o" thi regulation5
Ar!"#$ 1/1 - REFUSAL OF A RE)UEST: +n cae the De$artment re"ue the
reAuet "or the #irect ubcri$tion o" a tran$ortation contract, an# being o" it o$inion,
that the mentione# abo'e $etroleum o$eration i necear% to be con'enient "or the
national interet5 +t will $rocee# to celebrate the re$ecti'e bi##ing roun#, in or#er to
ign the re$ecti'e tran$ortation contract, which the Law agree an# etablihe5
CHAPTER III
OPERATION OF A TRANSPORTATION SYSTEM
Ar!"#$ 1/& - PRORATE% 7hen a tran$ortation %tem gi'e er'ice to e'eral
area o" contract an# it a'ailable ca$acit% i not u""icient to tran$ort the
h%#rocarbon $ro#uce# in the mentione# abo'e area, at call o" a contractor, thi one
will $rorate among the #i""erent contract area5 Thi $rorate will be chec?e# monthl%5
The a'ailable ca$acit% o" an intalle# tran$ortation %tem i the total ca$acit%
o" the %tem5 Ne'erthele, when the tran$ortation %tem i built bae# on a
contract igne# in con"ormit% with article /, o" thi Law5 The a'ailable ca$acit% will be
accor#ing to the reol'e# in the re$ecti'e contract, the total ca$acit% o" the
tran$ortation %tem le the nee#e# to be tran$orte#, with $riorit%, the total net
$ro#uction o" the contract area "rom where originate the #irect ubcri$tion5
The $rorate will be #one in #irect $ro$ortion to the $ro#uce# h%#rocarbon that
are #e"ine#, "or e'er% contract area, a the ca$acit% o" $ro#uction o" the well in
$ro#uction more than o" the well $er"orate# with a$titu#e to $ro#uce h%#rocarbon in
the mentione# abo'e area o" contract5
Ar!"#$ 1/3 - USAGE OF A TRANSPORTATION SYSTEM: 7hen a
tran$ortation %tem i #etine# onl% to the tran$ort o" certain t%$e o" h%#rocarbon,
the contractor will be able, $re'iou authori!ation o" the Direction, to in*ect an% other
cla o" h%#rocarbon to carr% in the authori!e# Auantit%5
Ar!"#$ 1/4 - HYDROCARBONS MI'ING RESULTANT OF ITS
TRANSPORTATION: 7hen the h%#rocarbon that a contractor recei'e "rom the
Go'ernment or thir# authori!e# re$reentation an# tran$orte# b% the tran$ortation
%tem that o$erate, thi will be mi&e# among other h%#rocarbon "or inherent
reaon( at the "unctional "acilitie, the owner will not be able to #eman# that )eD.he
ha #eli'ere# them5 =nce carrie# out )eD.he tran$ortation, $reciel% the ame cru#e
oil that the% ha'e #eli'ere#, but an eAui'alent Auantit% o" the mi&ture o" it Aualit%,
ta?ing in count the inherent #ecreae in the o$eration o" tran$ortation5
Ar!"#$ 1/, - TRANSPORTATION REFUSAL: The acti'e contractor o" a
tran$ortation %tem ha no obligation to tran$ort an% t%$e o" h%#rocarbon that
)eD.he can #amage the $i$eline or )eD.he acceorie5 7hen "or reaon o" the
characteritic o" one or e'eral cru#e it i $oible to re#uce the e&cei'el% Aualit% o"
other h%#rocarbon, the contractor will tran$ort them "or lot o" imilar Aualit%5
Ar!"#$ 1/- - END OF RESPONSIBILITY: The re$onibilit% o" the acti'e
contractor o" a tran$ortation %tem will to$ "rom the moment that the tran$orte#
h%#rocarbon are carrie# out to the owner alrea#%5 )eD.he i in torage tan? or, i" the
Traduccin Libre
tan? will be a $ro$ert% o" the contractor o" the tran$ortation %tem, in the tan?er or
coache tan? that the owner o" the h%#rocarbon #eignate5
Ar!"#$ 1/. - WHEN THE CAPACITY IS LARGER THAN INSTALLED: 7hen
"or technical an#Dor economic reaon it i necear%, that a tran$ortation %tem
o$erate a ma*or ca$acit% that the intalle# one5 The contractor will intall an# o$erate
on the $um$ing or com$reion tation an# other a##itional "acilitie to increae the
ca$acit% o" the tran$ortation %tem u$ reaching the total technicall% $ermiible
ca$acit%5
Ar!"#$ 1/8 - USE OF THE AVAILABLE CAPACITY FROM PART OF THE
GOVERNMENT: +n the cae that the contractor #enie to intall an#Dor to o$erate on
$um$ing or com$reion tation an# other a##itional "acilitie to increae thi ca$acit%
u$ reaching the total technicall% $ermiible ca$acit%5 The Go'ernment will ha'e the
right to ue, in an% moment, the a'ailable ca$acit% o" the abo'e-mentione#
tran$ortation %tem with not #icriminator% authori!e# tari"" an#, in thi cae, will
ha'e the "acult% to intall an#Dor to o$erate at hiDher own, a##itional $um$ing or
com$reion tation or a##itional torage tan?5
The contractor o" the tran$ortation %tem will o$erate at )iD)er own count
an# ri?, in con"ormit% with the Law an# the term o" the re$ecti'e contract, the
"acilitie contructe# in con"ormit% with thi article5
CHAPTER IV
OTHER REGULATIONS
Ar!"#$ 1// - TRASNPORTATION COSTS AND OTHERS: 29o#i"ie# b% 6rticle
5, o" Go'ernmental 6greement Number 1/5-000535 +n the cae that the 9initr%
#eci#e to ue at it totalit% or $art the h%#rocarbon #etine# b% the contractor to
combution, the cot o" tran$ortation, $roce or an% other cot aociate# with the
o$eration that are reali!e#5 The% will be at the e&$ene o" the Go'ernment, a"ter the
h%#rocarbon recei$t o" the Go'ernment in the etablihe# $lace in con"ormit% with in
article /3 o" the Law5
TITLE VII
DETERMINATION OF THE NET PRODUCTION AND GOVERNMENT INCOME
CHAPTER I
DETERMINATION AND CONTROL OF THE NET PRODUCTION OF
HYDROCARBONS
Ar!"#$ &00 - PERIOD OF DETERMINATION: The #etermination o" the net
$ro#uction o" the #i""erent h%#rocarbon t%$e will be carrie# out in the "irt "i'e 2 5 3
wor?ing #a% "ollowing the month in Auetion5
Ar!"#$ &01 - COMMON SYSTEM: The contractor will ha'e the obligation to
$uri"%, the e&$loitation area, the h%#rocarbon that )eD.he $ro#uce, in a wa% that
the% ha'e an acce$table Aualit% "or it tran$ortation5 Tran"ormation or mar?eting(
ne'erthele, when "or technical reaon an#Dor economic the intallation o" a $lant o"
$roce #oe not *uti"% itel" "or an area o" e&$loitation, at call o" the contractor5 The
De$artment will be able to authori!e the contruction an# o$eration o" a %tem, which
will be name# $oint o" meaurement, on the bai, which the net $ro#uction will be
#eci#e# o" e'eral area o" e&$loitation that ue o" thi common %tem5
Traduccin Libre
Ne'erthele, "or aignment $ur$oe, the $oint o" meaurement locate# in
each o" the abo'e-mentione# area will be coni#ere# to be an interme#iate $oint o"
meaurement5 +n thi cae the cot o" the line o" "low, though thee one houl# be
contructe# out o" the area o" contract, among the area o" e&$loitation an# the
$uri"ication, e$aration $lant or $roce o" the common %tem5 Thee regar#e# a
reco'erable cot o" the abo'e-mentione# %tem an# the 'alue o" the net $ro#uction
"or $ur$oe o" #etermining the ro%altie an# Go'ernment in'ol'ement in the
$ro#uction will be #eci#e# at the $oint o" meaurement5
Ar!"#$ &0& - DEPENDENCE INCHARGED: The Direction will 'eri"% the clear
$ro#uction an# it characteritic in the $oint or $oint o" meaurement, an# when it i
a$$licable, in the *oint $oint o" meaurement, "or e'er% t%$e o" h%#rocarbon, a well a
the 'olume o" h%#rocarbon an# other ubtance #etine# "or lea?ing, burning or
combution5 The Direction will #etermine the #ail% net $ro#uction "or e'er% month
#i'i#ing the monthl% net $ro#uction between the number o" $ro#uction #a% "or e'er%
month5
The #ail% net $ro#uction a well a the 6P+ gra'it% in cae o" the $ro#uction o"
cru#e oil, the% will be on the bai "or the #etermination o" the $artici$ation o" the
Go'ernmentF ro%alt% in the $ro#uction an# in an% other income in con"ormit% with the
contract5
Ar!"#$ &03 - CONTROL OF THE INSTRUMENTS: The intrument an#
technologie that the contractor want to ue to #etermine the 6P+ gra'it% 'olume, an#
an% another characteritic o" the h%#rocarbon $ro#uction an#Dor other ubtance,
remain ub*ect to the a$$ro'al an# control o" the Direction5
Ar!"#$ &04 - CONDITIONS OF THE NET HYDROCARBONS PRODUCTION:
The net $ro#uction o" cru#e oil meaure# at the $oint o" meaurement or when o i
the cae, in the *oint $oint o" meaurement, )eD.he will be able to contain an% more
than one $er cent 21 E3 o" water an# either e#iment, no more than a hun#re# $art
$er million 2100$$m3 o" ul"uric aci# or the le'el that )eD.he #etermine o$$ortunel%
"or the Direction5
Ar!"#$ &0, - SUFUR CONTENT OF CRUDE PRODUCED OIL: The
#etermination o" the ul"ur content o" in the cru#e oil $ro#uce# in e'er% area o"
e&$loitation the contractor will carr% out, a minimum, once $er %ear, on the bai o" the
metho# an# $roce#ure a$$ro'e# b% the Direction5 :egar#ing the natural ga or
con#ene# $ro#uct it will #e #eci#e# a "reAuenc% a nee#e#5
Ar!"#$ &0- - MEASUREMENT OF THE NET PRODUCTION: 7hen being
a$$licable the net $ro#uction o" oil cru#e an# con#ene# $ro#uct will be meaurement
with a meaurement ta$e "or the content o" the torage tan? $lace# in the $oint o"
meaurement or, when it i the cae in the *oint $oint o" meaurement5 Determination
o" e'er% meaurement, the h%#rocarbonF 'olume, water, e#iment an# it
corre$on#ing gra'it%, a$$l%ing the necear% correction "or tem$erature5
The wellhea# an# the natural mar?etable ga, thee will be meaure# b%
meter o" 'olume, the necear% alteration being a$$lie# b% tem$erature5 The
Direction, ta?ing in coni#eration the mo#ern technologie a$$lie# in the international
$etroleum in#utr% will be able to a$$ro'e other $roce#ure an# technologie to be
a$$lie# in the meaurement o" the net $ro#uction5
Traduccin Libre
Ar!"#$ &0. - AUTHORI+ATION FOR THE USE OF HYDROCARBONS: The
Direction will $a "or it e&clui'e ue in the o$eration o" e&$loitation:
a3 The 'olume o" the h%#rocarbon ta?en e&clui'el% to reali!e tet o" e'aluation
an# to #etermine the ca$acit% o" $ro#uction o" e'er% well an# thoe who houl# be
#etine# "or the combution(
b3 The 'olume o" the h%#rocarbon in*ecte# or rec%cle# in con"ormit% with the
$rinci$le etablihe# in the b%law or circular letter( an#
c3 The 'olume o" the h%#rocarbon ue# ini#e the contract area in the o$eration o"
e&$loration, e&$loitation, e$aration, $uri"ication, $roce o" liAue"action,
im$ro'ement an# tran$ort ini#e the abo'e-mentione# area5
The a$$ro'al to which thi article re"er bae in the re$ort o" the contractor an#
the internal re$ort obtaine# b% the Direction, ta?ing in coni#eration the $ractice
generall% acce$te# in the international $etroleum in#utr%5 7hen the De$artment
authori!e a common %tem there will a$$l% b% analog% o" the conce$t o" thi article5
Ar!"#$ &08 - AUTHORI+ATION OF VOLUMES OF HYDROCARBONS FOR
COMBUSTION OR LEA(: 29o#i"ie# b% 6rticle 55 o" Go'ernmental 6greement
Number 1/5-000535 The Direction will a$$ro'e the 'olume o" the h%#rocarbon "or the
combution or lea?, that:
a3 +n con"ormit% with the article /3 o" the Law, can not be economicall% ue# b% the
Go'ernment( an#
b3 The% can not be ine&$eni'e "or the in*ection or utili!ation in con"ormit% with the
arrange# in the b% law or circular letter5
CHAPTER II
ROYALTIES
Ar!"#$ &0/ - DETERMINATION OF THE API GRAVITY: 29o#i"ie# b% 6rticle 19
o" Go'ernmental 6greement Number 153-9035 +n or#er to #etermine monthl% the
a'erage o" the 6P+ gra'it% o" the $ro#uction o" cru#e oil o" the contract area, there will
ta?e the a'erage coni#ere# o" the 6P+ gra'it% o" the net $ro#uction o" corre$on#ing
cru#e oil o" e'er% e&$loitation area that contain the contract5 The 6P+ a'erage gra'it%
o" an area o" certain contract, it will be a$$lie# to the net $ro#uction o" e'er%
e&$loitation area that contain the contract area5
7hen the $ro#uction o" a contract area i aemble# in a common %tem,
accor#ing to the article 001 o" thi regulation, the 6P+ gra'it% o" the net $ro#uction o"
reultant cru#e oil o" the mi&ture will be ue# a the bae "or the e""ect o" the
calculation o" the ro%altie, in ubtitution o" the a'erage coni#ere# to what the
$re'iou $aragra$h re"er5
Ar!"#$ &10 - DETERMINATION OF THE ROYALTY: The 6P+ a'erage o" the
gra'it% o" an area o" contract #etermine# in con"ormit% with the arrange# in the
$re'iou article5 Thi will be the bae to #etermine the ro%alt%, to whom in article /1 o"
the Law re"er, which will be a$$lie# to the clear $ro#uction o" each one o" the area o"
e&$loitation5
Traduccin Libre
Ar!"#$ &11 - SPECIAL ROYALTY: To the $ro'enience $ro#uction o" an%
#ico'er% not #eclare# commercial there will be a$$lie# a $ecial ro%alt% o" thirt% "i'e
$er cent 235 E3, on the 'olume o" the monthl% $ro#uction "or the arrange# e""ect, in
article 01, o" thi regulation an# in thi article5 +t un#ertan# that "or the $ro#uction o"
the $ro#uce# 'olume o" cru#e oil meaure#, a"ter being e$arate#, $uri"ie# or
accue#5 The 'olume being e&clu#e# an# e&actl% ue# in the necear% o$eration to
obtain the $ro#uction, the #etine# one "or lea?ing, burning or combution authori!e#
b% the Direction an# the water 'olume, e#iment or other ubtance5
The $ecial ro%alt% to which thi article re"er will be a$$lie# ince the
$ro#uction beginning in the #ico'er% it i not #eclare# commercial to the e""ecti'e #ate
o" election o" thi one5
CHAPTER III
GOVERNMENT PARTICIPATION
Ar!"#$ &1& - DETERMINATION OF STATAL PARTICIPATION: 29o#i"ie# b%
6rticle 5/ o" Go'ernmental 6greement Number 1/5-000535 The tate $artici$ation in
the $ro#uction o" h%#rocarbon, the hare will be #eci#e# in e$arate# "orm "or each
one o" the area o" e&$loitation5 =n the bai o" the #ail% a'erage o" the net $ro#uction,
o" e'er% area o" e&$loitation, in agreement to the $ercentage etablihe# in e'er%
contract o" $artici$ation, in the in#i'i#uall% $ro#uction, "or the cru#e oil, ga "rom a
wellhea#, natural mar?etable ga, an# con#ene# $ro#uct5 -or the calculation o" the
$artici$ation the "ull ro%alt% $ai# will be #e#uce# in cah an#Dor #eli'ere# in alignment5
Ar!"#$ &13 - INVESTMENTS OF E'PLORATION: -or the e""ect o" reco'ering
the in'etment o" e&$loration e""ecte# in the area o" contract, an# an% e&$ene o"
general character a$$licable to the ame area o" contract coni#ere# a reco'erable
cot5 The abo'e-mentione# reco'erable cot will be aigne# between the area o"
e&$loitation in #irectl% $ro$ortional "orm to the 'olume o" the clear Auarterl% $ro#uction
o" each one5 7hen in a trimeter the in'etment an# e&$ene be"ore mentione#
coul# not be reco'ere# with the clear $ro#uction o" the area o" e&$loitation, the
accumulate# ur$lue will be able to be #e#uce# in the ubeAuent trimeter5
Ar!"#$ &14 - GOVERNMENT SPECIAL PARTICIPATION% To the $ro'enience
$ro#uction o" an% #ico'er% not #eclare# commercial, it will a$$l% where the% cannot
attribute reco'erable cot to the mentione# abo'e $ro#uction "or an area o"
e&$loitation that #oe not e&it5 8&clu#ing the ro%alt% to which there in article 011 o" thi
regulation re"er, a tate $ecial $artici$ation, in con"ormit% with the cale o" tate
$artici$ation in the $ro#uction o" cru#e oil etablihe# in the contract5 The balance o"
the $ro#uction o" cru#e oil will corre$on# to the contractor5 The Direction in ten 2103
"ollowing #a% o" e'er% month will #etermine the ro%alt% be"ore in#icate#5
CHAPTER IV
BUDGET
Ar!"#$ &1, - GENERAL CONTENT OF THE BUDGET: -or the e""ect o" a
e&$loration contract an#Dor e&$loitation o" h%#rocarbon, which the reco'er% o" cot i
con'enient, e'er% bu#get will a$$ear in con"ormit% with the center o" cot an# the
general line etablihe# in thi article, an# with the main cot an# line $eci"ie# in
the <ountable 6nne&5 The $reente# bu#get ince $art o" the e&$loration $rogram will
inclu#e, a minimum, the "ollowing main cot:
Traduccin Libre
a3 The in'etment o" e&$loration(
b3 The cot an# e&$ene #i""erent "rom thoe o" the $re'iou claue, incurring the
:e$ublic( an#
c3 The cot an# e&$ene #i""erent "rom thoe o" the $re'iou claue, incurre# out
o" the :e$ublic5
The $reente# bu#get a $art o" the $rogram o" e&$loitation will inclu#e, a
minimum, the "ollowing main cot:
a3 The in'etment o" #e'elo$ment, e$aratel% "or each one o" the area o"
e&$loitation(
b3 The in'etment o" #e'elo$ment o" the common %tem, when it i a$$licable(
c3 The e&$ene o" o$eration, e$aratel% "or each o" the area o" e&$loitation(
#3 The e&$ene o" o$eration o" the common %tem, when it i a$$licable(
e3 The cot an# e&$ene #i""erent "rom them o" thoe o" the $re'iou claue,
incurring the :e$ublic( an#,
"3 The cot an# e&$ene #i""erent "rom thoe o" the $re'iou claue, incurre# out
o" the :e$ublic5
8ach o" the main cot will contain, a minimum, the "ollowing general line:
a3 The reco'erable cot(
b3 The not reco'erable cot(
c3 The cre#it againt the reco'erable cot( an#
#3 The cre#it againt the not reco'erable cot5
Ar!"#$ &1- 0 UNFORESEEN: The reco'erable cot will inclu#e a line "or
un"oreeen cot, which will not e&cee# the ten $er cent 210 E3 o" the whole o" the
reco'erable cot5
Ar!"#$ &1. - E'PENSES OUT OF THE REPUBLIC: The e&$ene "or conce$t
o" the tu#ie o" laborator% anal%i or other wor? e&ecute# out o" the :e$ublic,
attributable to an area o" contract, thee will be able to be coni#ere# reco'erable
cot when the re$ort an# corre$on#ing in"orm houl# ha'e been ubmitte# to
coni#eration o" the Direction5 +n the <ountable 6nne& there will be etablihe# a
$ercentage or a cale o" $ercentage in relation to the reco'erable total cot, to co'er
the general e&$ene o" a#minitration o" the hea# o""ice regar#ing an area o" contract
in Auetion5
Ar!"#$ &18 0 ESTIMATE: The <ountable 6nne& will etablih the $roce#ure
an# con#ition un#er the contractor will contract er'ice or will reali!e the bu% o"
goo# on bai o" etimate5 The abo'e-mentione# Auote will be a$$ro'e# b% three
re$reentati'e o" the De$artment an# three re$reentati'e o" the contractor5 +n the
emergenc% cae contem$late# in article 115 o" thi regulation well 'ali#, the Direction
Traduccin Libre
will be able to authori!e, "or the nature o" the er'ice or o" the bu% o" goo# in
Auetion, that there i omitte# the celebration o" the corre$on#ing Auote5
CHAPTER V
RECOVERABLE COSTS
Ar!"#$ &1/ - RECOVERABLE COSTS% 29o#i"ie# b% 6rticle 51 o" Go'ernmental
6greement Number 1/5-000535 6ll the e&$ene o" ca$ital cot, e&$loration,
e&$loitation an# #e'elo$ment, o$eration e&$ene relate# to the area o" the
contract an# a#minitrati'e, which the reco'er% e&$ene accor#ing to the
article 000 o" thi regulation, will be #etail a "ollow:
15 .alarie(
05 Tem$orar% alarie an# b% contract(
35 8&tem$oraneou time $erio#(
,5 Labor bene"it accor#ing to the labor law regulation(
55 9e#ical "acilit% locate# at the contract area(
/5 Li"e an# me#ical inurance
15 Geolog% an# Geo-chemical(
85 Geo$h%ic(
95 )ighwa%(
105 Tran$ort an# logical(
115 Drilling, ci'il wor?, #rilling "lui#, log, cementation, an# tet o" well(
105 <om$letion o" well(
135 7or?o'er o" well(
1,5 9aintenance o" intallation, acce, eAui$ment, machiner% o" the
contract area(
155 +nurance $remium an# bon# to the Go'ernmentF "a'or
1/5 Legal conult "or an% $roce againt the Go'ernment or labor
matter(
115 +nternal an# Legal 6u#it conult(
185 -oo# e&$ene at the "iel# in the contract area(
195 <loth "or the em$lo%ee at the "iel#(
005 Peronal Protecti'e 8Aui$ment an# acceorie(
015 9etallic $ro#uct(
005 Non-metallic $ro#uct(
035 <hemical $ro#uct(
0,5 9e#ical an# $harmac% $ro#uct "or the contract area(
055 -uel an# lubricant cot "or the machiner%, eAui$ment an# 'ehicle
"or the o$eration o" the contract, regitere# a ca$ital cot,
e&clu#ing the ta& $a%ment(
0/5 <a$ital cot at the "iel# an# central o""ice regitere#(
015 6cAuiition an# rent o" buil#ing(
085 8n'ironmental e&$ene(
095 6#minitrati'e e&$ene within the countr% "or the e&ecution o" the
organi!ation, wor? $lan, integration, an# control in charge o" the
a#minitration will be recogni!e# u$ to the eight% $ercent 280E3 o"
the ame, an# #itribute# accor#ing to the 6ccount claue(
305 6#minitrati'e e&$ene outi#e the countr% b% the 9atri& o""ice o"
the contractor "or a#minitration an# management, the one $ercent
Traduccin Libre
21E3 calculation o'er the total o" the reco'erable cot a$$ro'e# an#
e&ecute#(
315 9achiner% an# eAui$ment ue# "or e&$loration an# $ro#uction, rent
an#Dor acAuiition(
305 9achiner% an# eAui$ment ue# "or ci'il wor? in the contract area,
rent an#Dor acAuiition(
335 .torage eAui$ment an# #itribution(
3,5 9e#ical an# .urger% eAui$ment or intrument(
355 8ngineering eAui$ment(
3/5 Laborator% eAui$ment ue# "or e&$loration an# e&$loitation o"
h%#rocarbon(
315 ;ehicle an# hea'%-tran$ortation, rent an#Dor acAuiition to be ue#
within the area o" contract(
385 6cAuiition o" com$uter eAui$ment with their $eciali!e# o"tware
an# acceorie relate# with the e&$loration an# Dor e&$loitation(
395 6cAuiition or rent o" an% goo# "or the ue o" the o$eration(
,05 Training an# annual charge b% hectare(
,15 <ontribution "or the communit% #e'elo$ment locate# within the
contract area o" !ero $oint "i'e $ercent 2055E3 o" the ta& 'alue o"
$ro#uction the $re'iou %ear(
,05 6n% tu#ie relate# #irectl% to the $etroleum o$eration inclu#e# in
the contract(
,35 The arbitrage cot in#icate# in the article 0,0 o" thi regulation an#
the contract, i" the reult are not in "a'or o" the Go'ernment5
6ll the cot an# e&$ene re"erre# in the $re'iou claue o" thi article,
mut meet all the #i$oition etablihe# in the :egulation an# 6ccount
:egulation5 The cot houl# be accountable within the corre$on#ing $erio# o"
the a$$ro'e# $rogram b% the 9initr%, "or been coni#ere#( in the contrar%, the%
will not be reco'erable un#er an% circumtance5 6n% other e&$ene can not be
reco'erable b% the <ontractor5
Ar!"#$ &&0 - APPROVAL OF COSTS IN PROGRAMS% 29o#i"ie# b% in article
00 o" the Go'ernmental 6greement number 153-9035 7ithout $re*u#ice o" the
etablihe# in the Law an# the contract, the contractor will be able to reco'er onl%
thoe reco'erable cot that ha'e been a$$ro'e# $re'iou on the bai o" the
$rogram o" e&$loration, e&$loitation or both $etroleum o$eration5 -oreeen in the
cha$ter +++ an# ; o" the Title ++ o" thi regulation, e&ce$t the in'etment incurre#
emergenc% cae "oreeen in article 115 o" thi regulation, an# that later are *uti"ie#
an# a$$ro'e# b% the 9initr% a reco'erable cot, "or the area o" corre$on#ing
contract5
The 'alue o" the $ro#uction $rocee#ing "rom an area o" e&$loitation will not be
ue# to reco'er in'etment o" e&$loration, #e'elo$ment or e&$ene o" o$eration
coming "rom an% other area o" e&$loitation5
Ar!"#$ &&1 - RECOVERABLE COSTS IN CASE OF RETURNING AN AREA%
+n cae that the contractor, in con"ormit% with the Law an# the contract, return to the
Go'ernment an area o" e&$loitation without ha'ing reco'ere# the reco'erable cot
a$$ro'e#, an# attributable to the abo'e-mentione# area5 The amount not reco'ere# will
be #i'i#e# $ro$ortionall% in the "orm in#icate# in article 013 o" thi regulation, to e""ect
Traduccin Libre
o" which it reco'er them o" the net $ro#uction o" other area o" e&$loitation o" the area
o" contract5
The reco'er% o" the in'etment or e&$ene incurre# in the $etroleum
o$eration #eri'e# "rom a contract o" e&$loration an#Dor e&$loitation will be #one onl%
o" the net $ro#uction coming "rom the area o" e&$loitation5 6n# in cae the abo'e-
mentione# $ro#uction will not be u""icient to co'er thee one, the Go'ernment will not
aume an% re$onibilit%5
Ar!"#$ &&& - NOT RECOVERABLE COSTS% 26bolih b% the 6rticle 15 o" the
Go'ernmental 6greement Number 1/5-000535
CHAPTER VI
LI)UIDATION, PAY OF ROYALTIES, AND STATAL PARTICIPATION
Ar!"#$ &&3 - NOTIFICATION AND PAY OF ROYALTIES% 29o#i"ie# b% in article
00 o" the Go'ernmental 6greement number 153-9035 The Direction, in a $erio# o" the
"irt ten 2103 wor?ing #a% o" e'er% month will noti"% the contractor on the $a%ment that
)eD.he ha to e""ect regar#ing the $re'iou month, in conce$t o" the ro%alt% an# i"
being the cae a $ecial ro%alt% ha'ing the contractor to $a% it in the "i'e 253 #a%
"ollowing the noti"ication o" the re$ecti'e amount5
Ar!"#$ &&4 - MONTHLY REPORT% 29o#i"ie# b% in article 58 o" the
Go'ernmental 6greement number 1/5-000535 +n a $erio# o" the "irt eight 283 wor?ing
#a% o" e'er% month the contractor will $reent to the Direction a monthl% re$ort with
three 233 co$ie, two 203 o" them in #igital "orm, regar#ing the $re'iou month that will
contain the nee#e# in"ormation, in con"ormit% with the <ountable 6nne&, accor#ing to
the total cot o" the o$eration o" each cot an# $eci"ic wor?5
Ar!"#$ &&, - *OINT OPINION% The Direction an# the 6u#it De$artment will gi'e
a common o$inion, be"ore the twent% "irt #a% 2003 o" e'er% month, on the amount o"
the reco'erable cot an# the tate $artici$ation in the $ro#uction o" hare#
h%#rocarbon, in#icate# on the monthl% re$ort in con"ormit% with in article 00, o" thi
regulation5 The abo'e-mentione# o$inion will be $ro'iional an# will be #eal to the
De$artment with a co$% to the <ommiion5
Ar!"#$ &&- - PROVISIONAL RESOLUTION 345 NOTIFICATION% The
De$artment will reol'e, be"ore the twent%-"i"th #a% 2 05 3 o" e'er% month on the
a$$ro'al o" the $ro'iional liAui#ation o" the Go'ernment $artici$ation in the $ro#uction
o" the haring o" h%#rocarbon, mut in"orm to the <ommiion o" uch liAui#ation5
The Direction will noti"% the contractor about the $ro'iional liAui#ation o" the um or
um that he2he3 mut $a% to the Go'ernment5
Ar!"#$ &&. - TERM TO CARRY OUT PAYMENT% +n cae the contractor #eli'er
the tate $artici$ation in the $ro#uction o" haring h%#rocarbon, totall% or $artiall% in
cah, the contractor will #o it in the "ollowing "i'e 253 #a% o" the noti"ication to which
the $re'iou article re"er5
Ar!"#$ &&8 - )UARTERLY AUDIT% 29o#i"ie# b% in article 59 o" the
Go'ernmental 6greement number 1/5-000535 The 6u#it De$artment will #o the au#it
o" the cot re$orte# in the re$ort in#icate# in article 00, o" thi regulation, an#
altogether with the Direction the% will #o the "inal re'iew o" the monthl% re$ort5 =" the
reult o" thi re'iew, the% will gi'e hearing to the contractor in the term o" ten 2103 #a%
an# with an anwer or without it5 The Direction an# the 6u#it De$artment will gi'e
Traduccin Libre
altogether o$inion on the a#*utment that are necear%, "or the "inal liAui#ation o" the
trimeter in Auetion5 Thi o$inion will be elaborate# be"ore "inihing the econ# month
"ollowing the trimeter in Auetion5
Ar!"#$ &&/ - FINAL RESOLUTION AND NOTIFICATION% The De$artment,
with $en#ing $rior o$inion "rom the <ommiion will reol'e on the "inal liAui#ation o"
the ro%altie an# the tate $artici$ation in the $ro#uction o" hare# h%#rocarbon, a
well a on the reco'erable cot in con"ormit% with thi regulation an# the contract5 The
Direction, be"ore the com$letion o" the trimeter "ollowing the trimeter in Auetion, will
noti"% to the contractor:
a3 7hen #eli'ering in $art or in totalit% o" the etate $artici$ation in the $ro#uction o"
hare# h%#rocarbon, in cah, the um or the um that #ebit to $a% in con"ormit%
with the Law or that the Go'ernment houl# recogni!e in "a'or o" the contractor
with a 'iew to a#*utment( an#
b3 7hen the contractor will #eli'er in $art or the totalit% o" the tate $artici$ation in
or#er, the a#*utment in the $art an# "raction in con"ormit% with the claue e3 in
article 10/ o" thi regulation5
The $re'iou article i without $re*u#ice o" the right o" the Go'ernment o" #oing
the monitoring, recti"ication or a#*utment to the liAui#ation that are e""ecte#5
Ar!"#$ &30 - TERM TO CARRY OUT PAYMENT% The contractor will $a% to the
Go'ernment, the amount to which the $re'iou article re"er, in the "i"teen 2 15 3 #a%
"ollowing the noti"ication to which the $re'iou article re"er5 +n cae the a#*utment i
in "a'or o" the contractor, thi it will be #one in the corre$on#ing liAui#ation o" the
"ollowing month5
CHAPTER VII
OTHER DISPOSITIONS
Ar!"#$ &31 - ROYALTY AND GOVERNMENT PARTICIPATION IN CASH%
29o#i"ie# b% in article /0 o" the Go'ernmental 6greement number 1/5-000535 The
ro%alt% an# the Go'ernment $artici$ation in the $ro#uction o" hare o" h%#rocarbon in
cah, the% will be #etermine# b% multi$l%ing the 'olume o" the net $ro#uction that
corre$on# to the Go'ernment, "or the corre$on#ing mar?et $rice a#a$te# in
con"ormit% with thi regulation5
Ar!"#$ &3& - ROYALTY AND GOVERNMENT PARTICIPATION TO BE PAY IN
(IND% 29o#i"ie# b% in article /1 o" the Go'ernmental 6greement number 1/5-000535
7hen there i not an agreement that con"orm to the etablihe# in article 30 o" the
Law, the 9initr% can a? to the contractor "or the ro%alt% an# tate $artici$ation o" the
hare o" h%#rocarbon to be $ai# in ?in# at leat with a month 213 o" antici$ation5 The
contractor can o$$oe to the mentione# abo'e when )eDhe ha contract o"
h%#rocarbon u$$lie igne# $re'ioul%, an# that thee ha'e been conente# b% the
9initr%5 Ne'erthele at thi intance, the 9initr% will ha'e the right to $a% in ?in# the
ro%alt% an# tate $artici$ation that corre$on# to the Go'ernment i" reAuire#, with at
leat 2/3 i& moth o" antici$ation5
Ar!"#$ &33 - WAYS OF PAYMENT OF THE HYDROCARBONS FOR
INTERNAL CONSUMPTION% +n cae the contractor ell to the Go'ernment, in
con"ormit% with in article //, claue ?3 o" the Law an# the contract, a Auantit% o" the
h%#rocarbon5 The Go'ernment will $a% the 'alue o" thee one to the $rice in#icate#
Traduccin Libre
in article 09 o" the Law, in the ame $erio# that the Go'ernment $ercei'e the ro%altie
an# it $artici$ation in the $ro#uction h%#rocarbon hare
Ar!"#$ &34 - DISPOSITION OF THE HYDROCARBONS% The contractor will
ha'e the h%#rocarbon that, in con"ormit% with in article 10/, claue e3, ub$aragra$h
ii3, numeral 13 o" thi regulation, )eD.he retain with in conce$t o" reco'erable cot or
o" the remuneration that corre$on# in agreement with the contract, "rom the moment
in which )eD.he com$lete them "rom the $oint o" meaurement or when it i the cae,
the *oint $oint o" meaurement, to the $rinci$al $i$eline or to )eD.he "acilitie o"
torage5
7hen the Go'ernment recei'e whole or $artiall% $a%ment in ?in#, the ro%altie
hare $artici$ation in the $ro#uction in the h%#rocarbon an# other income in
con"ormit% with the contract5 The De$artment will aume the re$onibilit% to manage
an# to control the recei'e# h%#rocarbon, "rom the moment in which the contractor
#eli'er them in con"ormit% with the agreement o" uch e""ect it i celebrate# in
agreement to in article 30 o" the Law5
Ar!"#$ &3, - STORAGE OF HYDROCARBONS PROPERTY OF THE
GOVERNMENT% 8&$ire# the term to which in article 30 o" the Law re"er, without the
Go'ernment with#raw o" the tore# h%#rocarbon5 The contractor will be able to ha'e
the cru#e oil tore# in con"ormit% with the reol'e# in the re$ecti'e agreement an# will
$a% to the Go'ernment the eAui'alent 'alue, imilar in article 031 o" thi regulation5
Ar!"#$ &3- - FITS OF COSTS TO RECOVER% 26bolih b% the 6rticle 15 o" the
Go'ernmental 6greement Number 1/5-000535
5
TITLE VIII
GOVERNMENT SUPERVISION
CHAPTER I
INFORMATION
Ar!"#$ &3. - OBLIGATION TO PRESENT INFORMATION% 29o#i"ie# b% in
article /0 o" the Go'ernmental 6greement number 1/5-000535 7ithout nee#ing a
reAuirement, the contractor will $reent to the Direction a et o" the am$le obtaine#
#uring the $er"oration o" well, co$ie o" the electrical log an# geo$h%ical recor#,
tu#ie an# anal%i o" am$le e""ecte# in the well, an# the inter$retation o" thee
one with an% other in"ormation that i necear% to e&ercie the u$er'iion an#
ta&ation o" the Go'ernment5 8&ce$t "or the am$le, the contractor will #eli'er one 213
original re$ro#ucible an# two 203 co$ie, one 213 o" thoe houl# be in #igital "orm, o" all
the in"ormation an#Dor in"ormation that i reAuire#, alwa% that a ma%or number o"
co$ie i not reAuire#5
6n% $eron lea#ing $etroleum o$eration in con"ormit% with the Law will ha'e to
allow to the $eronnel o" the 9initr%, in an% moment, the acce to the wor? along
with the in"ormation that the% houl# obtain5
Ar!"#$ &38 - CIRCULAR LETTERS AND INSTRUCTIVE RELATED TO THE
INFORMATION% The Direction will emit the gui#e, circular letter an# intructi'e
Traduccin Libre
necear% an# will be able to #etermine the $roce#ure that the contractor mut
ober'e regar#ing the in"ormation that mut be $ro'i#e#5
Ar!"#$ &3/ - CONSERVATION OF COPIES% 29o#i"ie# b% in article /3 o" the
Go'ernmental 6greement number 1/5-000535 The contractor will $reent to the
9initr%, at leat, a re$ro#ucible co$% o" all the in"ormation, geological, technical,
economic tu#ie an# o" an% other in"ormation relate# to the o$eration o" the contract,
in )iDher hea# o""ice in Guatemala cit%5
Ar!"#$ &40 - PERIODIC SUBMISSION OF REPORTS 345 PROGRAMS%
29o#i"ie# b% in article /, o" the Go'ernmental 6greement number 1/5-000535 The
contractor will ha'e the obligation to gi'e to the Direction, the "ollowing re$ort an#
$rogram:
a3 6 re$ort "or e'er% trimeter o" the contract, on the $rogre o" the o$eration o"
e&$loration(
b3 6 re$ort "or e'er% trimeter, on the $rogre o" the o$eration o" e&$loitation or
tran$ortation, a it i the cae(
c3 6n annual re$ort relating the o$eration o" e&$loration #uring the "irt trimeter o"
e'er% %ear o" contract(
#3 6n annual re$ort relating the o$eration o" e&$loitation or tran$ortation, a it i the
cae, technical an# "inancial, #uring the "irt trimeter o" e'er% %ear calen#ar(
e3 +n the i& 2/3 "ollowing month in concluion o" the en# $erio# o" e&$loration, a
ummar% on thi acti'it%(
"3 The annual $rogram in con"ormit% with in article 90, 99 an# 118 o" thi regulation(
g3 6 monthl% re$ort regar#ing the reco'erable an# not reco'erable cot "or the main
cot, an# $eci"ic line( $eci"ie# b% reco'erable, an# the one not inclu#e# on
the article 019 o" thi regulation, an#
h3 The re$ort that are nee#e# in con"ormit% with the <ountable 6nne& alrea#% in the
circular letter emitte# b% the 9initr%5
The re$ort re"eree# in the claue a3 an# b3 o" thi article houl# be $reente#
within the month corre$on#ing to the "ollowing trimeter5

Ar!"#$ &41 - OBSTRUCTION OF THE PETROLEUM OPERATIONS% The
$eronnel o" the De$artment, the member o" the <ommiion or an% another tate or
ci'il er'ant in the normal #e'elo$ment o" )iDher "unction an#Dor attribution mut act
in a wa% that, in the $oible will not $re'ent the management an# the continuit% o" the
$etroleum o$eration lea#ing to be "inihe# b% the contractor5
CHAPTER II
TECHNICAL DISCREPANCIES
Ar!"#$ &4& - TECHNICAL AND2OR FINANCIAL DISCREPANCIES% 29o#i"ie#
b% in article /5 o" the Go'ernmental 6greement number 1/5-000535 +n cae o" the
#e'elo$ment o" the $etroleum o$eration there will a$$ear ome #icre$ancie o"
Traduccin Libre
technical or "inancial character between the contractor an# the 9initr%, )eD.he will tr%
to ol'e them #irectl% an# with the rea#ine that the circumtance #eman#e#( to thi
e""ect, an# on initiati'e o" an%one o" the interete# $art, there will be able to be
obtaine# an% "act that i coni#ere# to be necear%, i" the #i""erence #o not ha'e
olution a in#icate# in the lat tatement, can be #icu b% the 6rbitrage Law, with
the o$inion o" an e&$ert, who houl# be a $eron with a goo# recogni!e re$utation an#
e&$erience $ro'e# in the cae, in#e$en#entl% to the $artie5
CHAPTER III
FORTUITOUS CASE OF MA*OR FORCE
Ar!"#$ &43 - INCUMPLEMENT FOR FORTUITOUS CASE OR MA*OR
FORCE% The incom$letion o" one o" the $art, o" an% obligation or con#ition ti$ulate#
in a contract will be e&cue# #uring the time an# in the meaurement in which the
abo'e-mentione# incom$letion i caue# b% "ortuitou cae or ma*or $ro'en "orce5
Ar!"#$ &44 - IMPOSSIBILITY TO FOLLOW THE OBLIGATIONS OF THE
CONTRACT% 29o#i"ie# b% in article // o" the Go'ernmental 6greement number 1/5-
000535 6n% o" the $art, that one ee unable to accom$lih an% obligation or con#ition
ti$ulate# in the contract, #ue to "ortuitou cae or ma*or "orce ha$$ene# in the
:e$ublic, )eD.he will noti"% within ten 2103 #a% in writing to the other $art in#icating
the reaon o" )eD.he breach5 The $art a""ecte# b% the "ortuitou cae or ma*or "orce
mut be "ul"ille# to the obligation u$en#e# ini#e a reaonable $erio# reol'e#
between the $art5
Ar!"#$ &4, - FORTUITOUS CAUSES OR MA*OR FORCE HAPPENED OUT
OF THE REPUBLIC% +" the contractor coul# not com$lete with )iD)er obligation
#eri'e# "rom the Law, the b%law an# the contract, #ue to "ortuitou caue or ma*or
caue #ue to $ro'en "orce that ha$$en out o" the :e$ublic, )eD.he will reAuet to
meet the De$artment in or#er to come to ati"actor% arrangement b% mean o" which
the $etroleum o$eration can continue in a wa% that it i more a#a$te# to the interet
o" the $art5 +n cae the breach wa e&ten#e# in more than one $erio# o" twent%-"our
2 0, 3 month, an% o" the $art will ha'e the right to gi'e the contract "or "inihe# an# in
cae, the contractor remain relie'e# "rom all the obligation #eri'e# "rom the Law, the
b%law an# the contract, which mut e&$ire $oterior to the e'ent that moti'ate# the
"ortuitou caue or ma*or "orce5
CHAPTER IV
INTERVENTION OF OPERATIONS
Ar!"#$ &4- - PROCEDURE OF INTERVENTION% +n the cae "oreeen b% in
article ,3 o" the Law, once e&haute# the te$ agree# in the econ# $aragra$h o" the
ame one5 The De$artment woul# #ictate an agreement containing:
a3 8&$reion o" the reaon or reaon that moti'ate the inter'ention(
b3 Deignation o" the in$ector, who mut rela% in $eron o" a recogni!e# com$etition
an# honorabilit%(
c3 7hen )eD.he will be $oible, time that will lat the inter'ention(
#3 Degree or co$e o" the inter'ention(
Traduccin Libre
e3 Power an# re$onibilit% o" the in$ector(
"3 8&ecution o" the act o" inter'ention5
The 9initer will #eci#e the cargo to the #eignate# in$ector, who will be
a$$eare# in the o""ice or "acilitie o" the contractor to ma?e e""ecti'e the inter'ention,
which will be ma#e conitent in a notar%F recor#5
Ar!"#$ &4. - EFFECTS OF THE INTERVENTION% The inter'ention o" the
$etroleum o$eration ha a $ur$oe to im$lement onl% the meaurement that are
necear% "or the e""ecti'e continuation o" the e&ecution o" the $etroleum o$eration in
con"ormit% with the Law5 +" not being the cae, thi will in'ol'e the #ecreae, lo,
con"ication or e&$ro$riation o" the right o" the contractor in the re$ecti'e contract5
Ar!"#$ &48 - E'PENSES AND INVESTMENTS% The e&$ene that )eD.he
caue the inter'ention, a well a the in'etment that houl# be e""ecte# in the time
that lat thi one, the% will be at the e&$ene o" the contractor, which will coni#ere# to
be reco'erable cot5
The in$ector, on )iDher $art, will ubmit to the a$$ro'al o" the De$artment, the
bu#get o" in'etment, a well a the che#ule o" e&$ene o" the inter'ention, among
there will a$$ear the honorarium o" the own in$ector( a well a thoe who corre$on#
to the $ro"eional an# technical $eronnel who hel$ himDher in hiDher aignment5
7hen the inter'ention i moti'ate# b% negligence or rec?lene o" the contractor, the
e&$ene #eri'e# "rom the ame one, without $re*u#ice o" other #e#uction an# legal
e""ect, the% will not coni#ere# to be reco'erable cot5
Ar!"#$ &4/ - PRESENTATION OF PROGRAM% The in$ector will ubmit to
a$$ro'al o" the De$artment the $rogram that corre$on#ing in con"ormit% with the Law
an# thi regulation5
CHAPTER V
ADMINISTRATIVE RATES
Ar!"#$ &,0 - PERMISSION OF SUPERFICIAL RECOGNITION% 29o#i"ie# b% in
article 0, o" the Go'ernmental 6greement number 153-9035 +n grant o" $ermiion o"
u$er"icial recognition or hi 2it3 e&tenion, a it i the cae, in con"ormit% with in article
58 o" the Law5 There i etablihe# an a#minitrati'e rate o" the eAui'alent one in
national currenc%, to "i'e thouan# #ollar o" the >nite# .tate o" 6merica 2>.L5
5,00050035
Ar!"#$ &,1 - DEVOLUTION OF AREA% 29o#i"ie# b% in article 05 o" the
Go'ernmental 6greement number 153-9035 -or a$$ro'al o" an% area o" return in
con"ormit% with in article 1/ an# 11 o" thi :egulation, there i etablihe# an
a#minitrati'e rate o" the eAui'alent one in national currenc%, to one thouan# #ollar
o" the >nite# .tate o" 6merica5 2>.L5 1,00050035
Ar!"#$ &,& - SELECTION OF AREAS BIGGER THAN TEN THOUSAND
610,0007 HECTARES% (Modified by in article 26 of the Governmental Agreement
number 753-92)5 +n a##ition to the amount ti$ulate# in the Law or the one that
concentrate on the re$ecti'e ummon, in cae o" a$$ro'al o" the election o" an
area o" ma*or e&$loitation o" ten thouan# 210,0003 hectare5 There i etablihe# an
a#minitrati'e rate o" the eAui'alent one in national currenc%, to one hun#re# thouan#
#ollar o" the >nite# .tate o" 6merica 2>.L5 100,0005003, more the eAui'alent one in
Traduccin Libre
national currenc% to one hun#re# #ollar o" the >nite# .tate o" 6merica 2>.L51005003
"or e'er% hectare in e&cee#ing ten thouan# 210,0003 hectare5
Ar!"#$ &,3 - MODIFICATION OF THE AREA OF E'PLOITATION. 29o#i"ie# b%
in article 01 o" the Go'ernmental 6greement number 153-9035 -or e'er% mo#i"ication o"
an area o" e&$loitation, there i etablihe# an a#minitrati'e rate o" the eAui'alent one
in national currenc%, to ten thouan# #ollar o" the >nite# .tate o" 6merica 2>.L5
10,00050035
Ar!"#$ &,4, - OEL E'TENDS PERIOD OF E'PLORATION% 29o#i"ie# b% in
article 08 o" the Go'ernmental 6greement number 153-9035 4% e&tenion u$ to one
%ear o" the $erio# o" e&$loration in con"ormit% with in article //, claue g3 o" the Law,
there i etablihe# an a#minitrati'e rate o" the eAui'alent one in national currenc%, to
twent%-"i'e thouan# #ollar o" the >nite# .tate o" 6merica 2>.L5 05,00050035
Ar!"#$ &,, - SUSPENSION FOR ANNUAL SUCCESSIVE PERIODS%
29o#i"ie# b% in article 09 o" the Go'ernmental 6greement number 153-9035 4% the
u$enion o" e'er% annual $erio#, accor#ing to the $eci"ie# in the article 89 o" thi
regulation, there i etablihe# an a#minitrati'e rate o" the eAui'alent one in national
currenc%, to "i"t% thouan# #ollar o" the >nite# .tate o" 6merica 2>.L5 50,00050035
8&ce$t when it i authori!e# b% the reaon in#icate# in the lat $aragra$h o" the
mentione# one article o" thi regulation, in whoe cae the rate will be #iminihe# to a
ten $er cent 210 E35
Ar!"#$ &,- - E'TENDS FOR ANNUAL SUCCESSIVE PERIODS% 29o#i"ie# b%
in article 30 o" the Go'ernmental 6greement number 153-9035 4% e&ten#ing e'er%
annual uccei'e $erio#, accor#ing to the $eci"ie# in article 90 o" thi regulation,
there i etablihe# an a#minitrati'e rate o" the eAui'alent one in national currenc%, to
"i"t% thouan# #ollar o" the >nite# .tate o" 6merica 2>.L5 50,00050035 8&ce$t when it
i authori!e# b% the reaon in#icate# in the lat $aragra$h in article 89 o" thi
regulation, in which cae the rate will be #iminihe# to a ten $er cent 210 E35
Ar!"#$ &,. - DIRECT SUBSCRIPTION% 29o#i"ie# b% in article 31 o" the
Go'ernmental 6greement number 153-903 -or the #irect ubcri$tion o" a contract o"
tran$ortation in con"ormit% with the $eci"ie# in article /, o" the Law, there i
etablihe# a rate o" ubcri$tion o" the eAui'alent one in national currenc%, to hun#re#
thouan# #ollar o" the >nite# .tate o" 6merica 2>.L5 100,00050035
Ar!"#$ &,8 - CHANGES IN PROGRAMS% 29o#i"ie# b% in article /1 o" the
Go'ernmental 6greement number 1/5-000535 -or an% ubtantial change o" a
$etroleum o$eration $rogram that i a$$ro'e# to the contractor, there i etablihe#
an a#minitrati'e rate o" the eAui'alent one in national currenc%, to ten thouan#
#ollar o" the >nite# .tate o" 6merica 2>.L5 10,0005003, e&ce$t when the change
houl# be in cae o" imilar emergenc%, which in article 115 o" thi regulation
etablihe5
Ar!"#$ &,/ - PAYMENT% The a#minitrati'e rate to which re"er thi cha$ter
an# the $a%ment o" the rate o" er'ice to which in article ,5 re"er, claue b3 o" the
Law, the% will be $ai# #uring "i'e 253 wor?ing #a% "ollowing the remin#er #ate o" the
reolution "a'orable to the reAuet in Auetion5 7hich will ha'e to be ma#e e""ecti'e at
the National Treaur% $re'iou $a%ment authori!ation e&ten#e# "or the 6u#it
De$artment5
Traduccin Libre
Ar!"#$ &-0 - LAC(ING THE PAYMENT OF THE RATES% 7hen the
a#minitrati'e rate are not $ai# in the term that it ha been notice#, the De$artment
will allow without e""ect the authori!ation that houl# grant5
CHAPTER VI
ANNUAL CHARGES
Ar!"#$ &-1 - ANNUAL CHARGES IN E'PLORATION% The $a%ment o" annual
charge "or hectare in e&$loration, to which in article ,5 re"er, claue c3 o" the Law will
e""ect the contractor in the "irt "i"teen 2153 #a% o" e'er% %ear o" contract5 -or it
calculation it will be ta?en into account:
a3 The number o" com$lete hectare that ha the area o" contract in e&$loration, lat
#a% o" the %ear o" imme#iatel% $re'iou contract( an#
b3 The increae in con"ormit% with the Law, an# in article 0/8 o" thi regulation5
Ar!"#$ &-& - ANNUAL CHARGES IN E'PLOITATION% -or the area o"
e&$loitation, without $re*u#ice o" the etablihe# in the $re'iou article, the cargo will
a$$l% to itel" "or hectare in e&$loitation "rom the e""ecti'e #ate o" election in
$ro$ortional "orm "or the ret o" the %ear in Auetion5 6n# the "ollowing $a%ment will be
#one in the "irt "i"teen- 2153 #a% o" e'er% %ear, ta?ing in coni#eration "or it
calculation the "ollowing:
a3 The number o" com$lete hectare that ha'e the area o" e&$loitation in the area o"
contract, lat #a% o" the %ear imme#iatel% $re'iou calen#ar( an#
b3 The increae in con"ormit% with the Law an# in article 0/8 o" thi regulation5
TITLE I'
COMMITMENT OF UNIFICATION
THE ONLY CHAPTER AGREEMENTS OF UNIFICATION
Ar!"#$ &-3 - UNIFICATION WITH OTHER AREAS OF E'PLOITATION A2O
THE NATIONAL RESERVE% +n or#er to guarantee the rational e&$loitation o" the
#e$oit, the contractor will be able to celebrate agreement o" uni"ication between
the De$artment, in cae the commercial #e$oit, )eD.he $rea# out o" the area o"
e&$loitation an# ini#e another area o" e&$loitation o" an% other area o" contract an#Dor
ini#e the national reer'e5
+n cae o" uni"ication with the national reer'e, the e&$ene uni"ie# o"
o$eration attributable to the Go'ernment will be co'ere# b% thi one, an# in eAual wa%,
the $ro#uction o" h%#rocarbon corre$on#ing to the #e$oit in the $art o" national
reer'e, )eD.he will be e&clui'el% o" hiDher $ro$ert%5 The agreement with the
national reer'e will be a$$ro'e# b% Go'ernmental 6greement e&$ree# in the boar#
o" 9initrie5
Ar!"#$ &-4 - COSTS AND PRODUCTION% The uni"ie# agreement will be able
to inclu#e the #itribution o" the income an# o" the cot, e&$ene an# in'etment
regar#ing the area o" e&$loitation inclu#e# in the agreement in Auetion5 Ne'erthele
an% agreement will be able to change the nature o" the contract o" e&$loration an#Dor
e&$loitation re$ecti'el%5
Traduccin Libre
Ar!"#$ &-, - FORMALI+ATION OF THE AGREEMENTS OF UNIFICATION%
7hen there i etablihe# the nee# to celebrate an agreement o" uni"ication, the
De$artment will "i& a term o" u$ to one %ear "or the "ormali!ation o" the agreement
about which )eD.he treat itel"5
+n cae the agreement i not "ormali!e# in the "i&e# term "or uch e""ect, the
De$artment will be able to "i& an urgent a##itional term #uring thirt% 2 30 3 #a%, in or#er
that the mentione# abo'e agreement i "ormali!e# in etablihment o" the bai o"
uni"ication in con"ormit% with the $rinci$le generall% acce$te# b% the international
$etroleum in#utr%, with the intention o" auring the continuit% o" the rational
e&$loitation o" the #e$oit in Auetion5
The e&$ire# mentione# abo'e term without the "ormali!e# in the agreement o"
uni"ication in Auetion, the De$artment will be able to #o an a$$lication o" the arrange#
in article ,3 o" the Law5
TITLE '
FINANCIAL ASPECTS
CHAPTER I
ACCOUNTING
Ar!"#$ &-- - ACCOUNTING IN SPANISH LANGUAGE% The contractor o"
$etroleum o$eration, the contractor o" $etroleum er'ice, the ubcontractor o"
$etroleum er'ice, an# the hol#er o" a $ermiion, will #o in hiDher hea# o""ice in the
cit% o" Guatemala, hiDher accounting in .$anih language, with the boo? an#
re$ecti'e recor# in con"ormit% with the etablihe# "or the law o" the :e$ublic5 The
#ocumentation that en#ore the countable o$eration that it i in another language will
be tranlate# to .$anih language b% the contractor, contractor o" $etroleum er'ice,
the ubcontractor o" $etroleum er'ice or the hol#er o" $ermiion5
Ar!"#$ &-. - FINANCIAL CONDITIONS% 29o#i"ie# b% in article /8 o" the
Go'ernmental 6greement number 1/5-000535 The contractor will #eli'er to the
9initr%, in the "irt trimeter o" e'er% countable labor, the "inancial tatement
corre$on#ing to the $re'iou countable labor, certi"ie# b% a Public 4oo?-?ee$er an#
collegiate 6u#itor or b% a ?ill"ul legall% authori!e# 4oo?-?ee$er, in Guatemala5 The
"inancial tatement the% will inclu#e, a minimum, the General 4alance, the $ro"it an#
cah "low accounte# with the a$$en#ice or corre$on#ing anne&e, a well a an%
other #ocumentation necear% "or the bet com$rehenion or e&$lanation o" thee5
CHAPTER II
CONSTANT VALUE OF THE OBLIGATIONS
Ar!"#$ &-8 - CONSTANT VALUE% 29o#i"ie# b% in article 33 o" the
Go'ernmental 6greement number 153-9035 To obtain a contant 'alue o" the
obligation "oreeen in the law, a well a in article 050 to 058 inclu#ing, 0/1 an# 0/0
o" thi regulation an# in the contract in Auetion, that ha to $a% to the contractor
imilar to the legal mentione# intrument5 The abo'e-mentione# obligation will be
"itte# annuall% b% the De$artment, to correct thee one "or reaon o" in"lation( the
a#*utment will ha'e to be #one in con"ormit% with the in#e& o" annual in"lation
ober'e# in the >nite# .tate o" 6merica "or No'ember o" the %ear $re'iou to which
heDhe will ha'e to ma?e e""ecti'e the $a%ment re$orte# b% the 9onetar% +nternational
Traduccin Libre
-un# 2-9+35 The a$$lication o" the mentione# in#e& will be #one on the bae o" the
obligation that treat itel", in the "ollowing "orm:
V 6A7 = V 8 IA
+n which:
V 6A7 9 The contant 'alue o" the obligation that #eal with it5
V 9 + the 'alue o" the obligation etablihe# in the Law, thi :egulation or
the <ontract5
I 6A7 9 + the $ercentage to be a$$lie#, in con"ormit% with the in#e& o" annual
in"lation ober'e# "or No'ember o" the %ear $re'iou to which )eD.he
will ha'e to #o the $a%ment5
The Direction will #etermine the 'alue o" the #i""erent obligation be"ore the
twent% 2003 o" December, "or the "ollowing %ear5
CHAPTER III
FINANCING
Ar!"#$ &-/ - FINANCING IN THE PETROLEUM OPERATIONS% The contractor
will "inance or obtain the "inancing necear% "or the cot, e&$ene an# in'etment
o" the $etroleum o$eration #etermine# in hiDher contract5 6t the latet, the contractor
will re$ort with rea#ine to the Direction, whene'er "inancing or roa# ur"ace houl#
obtain cre#it agreement5
Ar!"#$ &.0 - LIMITATION5 26bolih b% the 6rticle 15 o" the Go'ernmental
6greement Number 1/5-000535
CHAPTER IV
DOCUMENTS
Ar!"#$ &.1 - PRESENTATION% 26bolih b% the 6rticle 15 o" the Go'ernmental
6greement Number 1/5-000535
CHAPTER V
TRANSFERENCE OF GOODS IN PROPERTY TO THE GOVERNMENT
Ar!"#$ &.& - AUTHORI+ATION% 29o#i"ie# b% in article /9 o" the Go'ernmental
6greement number 1/5-000535 +n the contract o" e&$loration an#Dor e&$loitation,
where i con'enient the reco'er% o" in'etment o" e&$loration an# #e'elo$ment or
e&$ene o" o$eration a well a about other contract o" $etroleum o$eration, which
there agree the reco'er% o" cot, e&$ene an# in'etment5 +t can onl% be
$rohibite# to the contractor to alienate, bur#en or with#raw, #uring the "orce o" the
contract, ome #i'i#en# "rom the goo# acAuire# "or the $ur$oe o" the "ul"illment o"
the wor? com$romie# in con"ormit% thi one, without $re'iou authori!ation o" the
9initr%( an% act in o$$oition to thi regulation will be 'oi#e# an# will not ha'e an%
Traduccin Libre
e""ect5 +" the contractor i a titular o" two or more contract o" $etroleum o$eration in
the countr% houl# reAuet $ermanent authori!ation to mobili!e an# ue machiner% an#
eAui$ment in the contract "or minimi!ing cot5
Ar!"#$ &.3 - TRANSFERENCE OF GOODS TO THE COMPLETION OF A
CONTRACT% 7ithout $re*u#ice o" the etablihe# in other legal regulation, in the
contract o" $etroleum o$eration it mut be "oun# that to the com$letion o" thee, "or
an% reaon, the buil#ing, "i&e# "acilitie, machiner%, eAui$ment, an# an% another goo#
that "orm $art o" the $etroleum o$eration5 6 well a the entire in"ratructure wor?
that ha'e been contructe# #uring the en"orcement o" a contract, will be tran"erre# to
$ro$ert% o" the Go'ernment, without an% cot an# without limitation or charge5
Ar!"#$ &.4 - DESCRIPTION AND INVENTORY OF GOODS% 7hen a
contractor re$ort to the De$artment, in article 53 o" thi regulation, )eD.he #eciion to
'oluntaril% "inih the contract, there will $reent an in'entor% that inclu#e a #ecri$tion
o" all the buil#ing, "i&e# "acilitie, machiner%, eAui$ment an# an% another goo#,
$eci"%ing which i" an# which not, to hiDher *u#gment, "orm $art o" the $etroleum
o$eration, accom$an%ing authentic co$% o" the in'entor%5 7hen it i the cae, in the
in'entor% be"ore in#icate#, there will be $eci"ie# the goo# which cot will ha'e been
reco'ere# in con"ormit% with the contract5 +n cae o" #ecline o" the term o" the contract,
the contractor will $rocee# in the ame "orm, #oing the communication at leat with
three 2 3 3 month o" $rece#ence5
Ar!"#$ &., - GOODS THAT CANNOT BE A PROPERTY OF A THIRD% +n the
e&ecution o" $etroleum o$eration o" e&$loration an#Dor e&$loitation, the% will not be
able to be a $ro$ert% o" thir# $eron the "ollowing goo#:
a3 The eAui$ment intalle# in the well(
b3 The "low line, a well a the tan? o" torage relate# to the area o" e&$loitation(
c3 The e$aration, $uri"ication, $roce, liAue"action $lant or im$ro'ement o"
h%#rocarbon(
#3 The eAui$ment intalle# in the $oint o" meaurement an#Dor in the *oint $oint o"
meaurement, when it i the cae( an#
e3 6n% buil#ing, warehoue an# other "acilitie "or the managing, maintenance an#
o$eration o" the $etroleum "iel#, ini#e the area o" contract or out o" it5 That "orm
$art o" the common %tem an# in general the goo# that are necear% "or the
i#eal an# continuou o$eration o" the %tem o" e&$loitation o" h%#rocarbon5
Ar!"#$ &.- - REPORTS TO THE DIRECTION% 6"ter recei'e# the
communication o" the contractor, to what in article 01, o" thi regulation re"er, the
De$artment will en# it to the Direction an# to the De$artment o" 6u#it in or#er that
the% $ro#uce a common re$ort in the matter5
Ar!"#$ &.. - RESOLUTION% The De$artment, $en#ing $rior o$inion "rom the
<ommiion, bae# in the *oint re$ort o" the Direction an# the De$artment o" 6u#it to
which the $re'iou article re"er, will #eci#e that the goo# "orm $art o" the $etroleum
o$eration in Auetion5
CHAPTER VI
TRANSFERENCE OF OPERATIONS TO THE COMPLETION OF A CONTRACT
Traduccin Libre
Ar!"#$ &.8 - APPROPRIATE FUNCTIONING% The contractor mut u$$ort in a
goo# an# a$$ro$riate con#ition o" "unctioning the buil#ing, tructure, machiner%,
eAui$ment an# in general other ue# goo# or that allow to lea# to the en# o" the
$etroleum o$eration that )eD.he reali!e an# that in con"ormit% with the Law houl#
go on to $ro$ert% o" the Go'ernment to the com$letion o" the contract, "or an% reaon5
Ar!"#$ &./ - DEALS OWED IN THE MAINTENANCE% 4e"ore the com$letion o"
the contract, the contractor will reali!e, with #iligence, the wor? o" maintenance in all
the "acilitie belonging to the $etroleum #eri'ati'e o$eration o" thi one5
Ar!"#$ &80 - PREPARATION FOR FUTURE WOR(S OF E'PLOITATION%
-rom the "i"th %ear be"ore the en#ing in term o" the contract, the contractor will lea# to
an en# the wor? that the De$artment coni#er to be necear% "or the coner'ation
in goo# con#ition an# the $re$aration o" the accom$lihment o" the "uture e&$loitation,
in con"ormit% with the agreement "or uch e""ect that houl# be celebrate#5
Ar!"#$ &81 - PLAN OF TRANSFERENCE% 6t leat with one %ear be"ore the
com$letion o" the term o" the contract5 7hen it i the cae, the contractor will $reent a
$lan o" tran"erence o" the o$eration o" e&$loitation that will inclu#e $rogram
tran"erring a minimum, the "ollowing:
a3 The a#minitration an# management, a well a the necear% arrangement
regar#ing to the $eronnel(
b3 The contract o" er'ice, the leae or right o" tem$orar% occu$ation igne# b%
the contractor "or the area o" contract in Auetion(
c3 +n cae the contract o" e&$loration an#Dor e&$loitation or the %tem o"
e&$loitation o" h%#rocarbon an# common %tem(
#3 6ll other "acilitie necear% "or the uitable accom$lihment o" the $etroleum
o$eration( an#
e3 +n cae o" the contract o" $artici$ation in the $ro#uction, the "inal calculation o" the
a#*utment regar#ing the tate $artici$ation5
Ar!"#$ &8& - PLAN OF ABANDON OF OPERATIONS% 7hen, "or an% reaon,
there i "oreeen the aban#onment o" the o$eration o" e&$loitation in an area o"
contract, which i in the terretrial or maritime area, an aban#onment $lan will a$$ear,
one 2 1 3 %ear be"ore the $ro$oe# #ate "or the e""ecti'e aban#onment, which )eD.he
will contain, a minimum, the "ollowing:
a3 The ta$$e# or cementing o" well(
b3 6 $rogram o" cleanline o" the area( c3 :emo'al o" "acilitie that re$reent a
#anger "or the mobili!ation o" 'ehicle or "or the maritime na'igation an#Dor the
"ihing( #3 6ll the necear% to $rotect the a"et% o" the $eron who can humanl%
be $reer'e#5
TITLE 'I
FINAL DISPOSITIONS
Traduccin Libre
CHAPTER I
NEGOTIATIONS, SUGGESTIONS AND OFFERS
Ar!"#$ &83 - RE)UESTS% 6n% in#i'i#ual, *uri#ical, national or "oreign $eron, in
an% time, can $reent, to the De$artment, negotiation, uggetion an#Dor $ro$oe#
that re"erring the $etroleum o$eration coni#ere# in the Law5
Ar!"#$ &84 - DOCUMENTATION% +n all management, uggetion an#Dor o""er, it
will be accom$anie#, a it i the cae, the in"ormation, #ocumentation an#Dor tu#% on
which thi one i bae#5 +n cae the in#icate# #ocumentation in thi article i not
accom$anie#, the ame one will not be able to be coni#ere#5
Ar!"#$ &8, - PROCESS% The De$artment, $en#ing $rior o$inion "rom the
<ommiion an# the Direction will coni#er the $oibilit%, i" out the cae, to celebrate
a warrant lea#ing the en#ing o" the $etroleum o$eration in Auetion( in o$$oite cae,
)eD.he will "ile the management, uggetion or o""er in a $ecial $roce5
Ar!"#$ &8- - PRIORITY AND RESPONSIBILITY% The $reentation an#Dor
coni#eration o" management, uggetion an#Dor o""er grant neither an% right nor
$riorit% o" an% cla to hiDher bi##er5 +n cae o" the $reentation an# te$ o" a
management, uggetion an#Dor o""er will ha'e been incurring in e&$ene, the
Go'ernment #oe not aume an% re$onibilit% in cae o" not being coni#ere#5
CHAPTER II
NOTIFICATION
Ar!"#$ &8. - NOTICES, REPORTS AND COMMUNICATIONS TO THE
GOVERNMENT% 29o#i"ie# b% in article 10 o" the Go'ernmental 6greement number
1/5-000535 6ll the notice, re$ort or communication houl# be #one "or the contractor
to the Go'ernment, relate# to the $etroleum o$eration, the% will be #one in writing to
where the% corre$on#, accor#ing to the cae, without $re*u#ice o" the notice or
re$ort that, in con"ormit% with the law, the% houl# #o to other #e$en#encie5
Ar!"#$ &88 - PLACE TO NOTIFY THE CONTRACTOR% 29o#i"ie# b% in article
11 o" the Go'ernmental 6greement number 1/5-000535 6ll the noti"ication, notice
an# communication that houl# be #one "or the Go'ernment to the contractor will be
un#ertoo# "act when the% are #eli'ere# in a $lace that, ini#e the cit% o" Guatemala,
e&$rel% ha in#icate# in writing the contractor5
Ar!"#$ &8/ - CHANGES OF PLACE TO RECEIVE NOTIFICATIONS% 29o#i"ie#
b% in article 10 o" the Go'ernmental 6greement number 1/5-000535 4oth the
Go'ernment an# the contractor will be able to change the $lace to recei'e
noti"ication ini#e the cit% o" Guatemala, noti"%ing it in writing to another $art5 +n
o$$oite cae, there will be ha# a well #one the noti"ication $ractice# in the $lace
in#icate# $re'ioul%5
Ar!"#$ &/0 - URGENT COMMUNICATIONS% 29o#i"ie# b% in article 13 o" the
Go'ernmental 6greement number 1/5-000535 +n cae o" notice, re$ort or urgent
communication, thee will be able to be e""ecte# b% telegram, ra#iogram, 8-mail or
"a&, without $re*u#ice o" the e""ecting mentione# abo'e communication with the legal
"ormalitie in e'er% $eci"ic cae5
Traduccin Libre
CHAPTER III
ADMINISTRATIVE PROCEDURE
Ar!"#$ &/1 - PROCEEDS% -or thoe cae in which thi regulation #oe not
e&$re $roce#ure or te$ to "ollow in Auetion, the Direction, a it i the cae,
)eD.he will gi'e hearing to the contractor "or the en# o" three 2 3 3 #a% an# with
hiDher anwer or without it, there will be emitte# the corre$on#ing reolution5
+n the cae o" im$oition o" "ine one will $rocee# in the "orm in#icate# in the
$re'iou $aragra$h, ne'erthele, when in the o$inion o" the Direction, a 'iolation
e&it to the obligation or $rohibition etablihe# in the Law an# thi regulation,
coni#ere# o" e&treme gra'it%, the $roce#ure will begin im$oing the anction, but the
a""ecte# one will be able to raie be"ore the Direction, in the two 2 0 3 #a% "ollowing the
remin#er #ate, the reconi#eration o" the well 'ere# anction, or onl% hiDher #ecreae
i" )eDhe thin? that it i e&cei'e, $ro#ucing the e&$lanation or *uti"ication that will
be $ertinent5
+" the e&$lanation are acce$te#, the anction will be bring without e""ect, or,
)eD.he amount will con"er a certi"icate u$on, ne'erthele, i" no e&$lanation will be
gi'en, thi one will be inu""icient or untimel%, the con"irmator% reolution will be
#ictate#, $rocee#ing in thi cae the reource contem$late# in the Law o" the
6#minitrati'e <ontentiou5
CHAPTER IV
CASES NOT FORESEEN AND FORCE
Ar!"#$ &/& - CASES NOT FORESEEN% The not "oreeen cae #eri'e# "rom
the a$$lication o" the Law an#, the De$artment, with the $en#ing $rior o$inion "rom the
<ommiion5 +n con"ormit% with the $rinci$le o" the Law o" the Bu#icial =rganim an#
the content in the <ha$ter ++, Title + o" the Law5
Ar!"#$ &/3 - APPLICATION TO CASES OF CONVERSION% 26bolih b% the
6rticle 15 o" the Go'ernmental 6greement Number 1/5-000535

Ar!"#$ &/4 - ENFORCEMENT% The $reent 6greement will enter in e""ect the
"ollowing #a% o" it $ublication in the =""icial New$a$er5
-=: <=998NT. <=NT6<T,
General o" Di'iion
=.<6: )>948:T= 98B+6 ;+<T=:8.
Traduccin Libre
.+G-:+D= 6L8B6ND:= <=NT:8:6. 4=N+LL6
9initer o" 8nerg% an# 9ine
Publihe# in the =""icial Diar% No5 1,, December 1/, 19835
Traduccin Libre