Minerals Report - International Seabed Authority

ANP may send a representative to follow the operations on the
expenses of the prospecting company.
The data are non-exclusive of the authorised company. The company
is obliged to sell the data to any interested company, as soon as to inform the
identity of any buyer of such data in a 30-day period after the sale.
The company must send monthly reports on the operations to ANP,
and, if there is any delay on the initial schedule, it must be justified. All the
reports and any other document relating to the data must be freely yielded to
ANP within 60 days after the closing of the works.
If an authorised company defaulted on a previous authorisation, it will
not receive a new authorisation, unless ANP accepts the company
justification.
Concessionaires must acquire exclusive data. Such data are not
marketable, but they can be changed by other company’s data. ANP shall
receive, free of charge, these data within a 60-day period.
Both exclusive and non-exclusive data have a confidentiality period
varying from two to tem years, depending on the sort of data. Only
bathymetry data do not have a confidentiality period.
For a company to take part on a bid for exploration, development or
production of petroleum or natural gas, it must fulfil a series of requirements
that are established in Ordinance number 174 of 1999. Such a company shall
receive, from ANP, qualifications under the technical, the economical and
financial, and the juridical aspects, and it ought to pay the participation fees.
In order to be technically qualified, the company must prove its
previous experience, or that it has employees who are experienced, in the
following issues:
• Produced volume of oil equivalent;
• Onshore exploration and production operations;
INTERNATIONAL SEABED AUTHORITY 832