Ministry of Energy and Mines

Houston | October 2022

AGENDA

01 PRE-CONTRACTUAL DOCUMENTS

02 EXPLORATION AND EXPLOITATION PERIODS

03 CONTRACT GUARANTEES

04 SOCIO-ENVIRONMENTAL MANAGEMENT

05 DISPUTE RESOLUTION
PROCUREMENTS DOCUMENTS

Instruments for the Instruments for the

Contracting Draft Participation
registration and Evaluation and
Rules qualification of companies Contract
Qualification of Offers
tas
Conditions and Methodology for the Methodology for the
General procedures for the evaluation of tenders evaluation of tenders
Guidelines for registration and to determine the to determine the
Procurement qualification of order of priority order of priority
companies
APPLICABLE REGULATIONS

Constitution International Agreements

Principles that regulate the hydrocarbon
Environmental principles
exploration and exploitation industry in
regulating oil activity and relations
the country
between States.

Laws Regulations
Establish and regulate the bidding process
and the execution of the contract
Participation Technical parameters for the execution of
Contract the contract

Decree 342 Pre-contractual Documents

Regulates the participation contract General guidelines for the allocation

. of areas
EXPLORATION AND EXPLOITATION PERIODS

Exploitation Period Exploratory Plan

Corresponds to the Minimum

Up to 4 years,
Exploratory Program and the
extendable for 2
Additional Exploratory Plan
more years.
Offered

Development Plan Exploitation Period

Contractors propose the
20 years, extendable in
Development Plan to be
accordance with article 23 of
executed, as a result of the
the Hydrocarbons Law
project being economically
profitable
 Contract Guarantees
Contract Guarantees
Object Validity Value
Headquarters Declarative guarantee of the
Guarantee Headquarters for the fulfillment of all
Duration of the Contract
For the total amount of
the obligations of the contract. investments.
Applies to affiliates and subsidiaries.

Exploration Ensures the satisfactory execution 20% of all estimated investments corresponding
Period of the obligations of the
Valid for the duration of the
to the activities it undertakes to carry out during
Exploration Period. the exploration period and which are included in
Guarantee exploratory phase the minimum exploratory plan.

Operating Period It is reduced annually according 20% of the investments it undertakes to make
Guarantee Ensures the satisfactory execution to the execution. Return to in the first 3 years, which will be reduced in
of the obligations of the compliance with the obligations direct proportion to the total fulfillment of
Exploitation Period. committed for the first 3 years. the committed annual program or will be
returned upon termination of the contract due
to lack of commercial production
 ENVIRONMENTAL LICENSING – OPERATOR ACTIVITY
Once the contract with the Ecuadorian State has been signed, the contractor, with the accompaniment of the Ministry of Energy and
Mines, must carry out the following activities before the Ministry of Environment:

1 4 5 8
Registration in the Terms of Reference for the
According to the study of Payment of fees for
Single Environmental Consultancy that will carry
environmental significance, environmental services
Information System out the Environmental and
execution of the Social
Social Impact Study
Participation Processes
(PPS) The Ministry
will accompany
2 3 6 7 the investor in
Favorable
Project Non- pronouncement by the
this process
Intersection Preparation of the Observations by the National
National Environmental
Certificate Environmental Impact Environmental Authority on
Authority for the
Study the Environmental Impact
issuance of the
Study
Environmental License
¡Thank You!