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Transacciones
petroleras
internacionales
en América Latina
International
oil and gas
transactions
in Latin America
AUTORES / CONTRIBUTORS:
LUIS ENRIQUE CUERVO
STEVEN P. OTILLAR / BEN WELMAKER
CAMILO ERNESTO VELA VILLOTA / CATALINA VELÁSQUEZ GIL
DAVID ENRÍQUEZ / ALIANA VILLARREAL
ALBERTO SILVA
RAFAEL DÍAZ OQUENDO
JOSHUA WALLENSTEIN
RICARDO COLMENTER / ROY MITCHELL / DAVID ISSA
DANIEL SZYFMAN
ELISABETH ELJURI / VERÓNICA CLAMENS
MARIA ROCIO MENDOZA / GIANCARLO GUARDIA
MIRIAM GRUNSTEIN
JUAN CARLOS ZEPEDA / OSCAR ROLDÁN
FRANCISCO GONZÁLEZ DE COSSÍO
EDITORES / EDITORS RICARDO COLMENTER
DAVID ENRÍQUEZ
Introducción / Introduction JACQUELINE L. WEAVER
EDITORIAL PORRÚA
MÉXICO, 2011
UNIVERSITY
OF HOUSTON
LAW CENTER
INSTITUTO TECNOLÓGICO AUTÓNOMO DE MÉXICO
Primera edición, 2011
Copyright © 2011 RICARDO COLMENTER
DAVID ENRÍQUEZ
Esta obra y sus características son propiedad de EDITORIAL PORRÚA, SA de CV 8
Av. República Argentina 15 altos, col. Centro, 06020, México, DF www.porrua.com
Queda hecho el depósito que marca la ley
Derechos reservados
ISBN 978-607-08-0733-3
IMPRESO EN MÉXICO PRINTED IN MEXICO
VII
Contenido General Contents
Pág.
Prólogo / Prologue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . IX
Introducción / Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . XI
Primera Parte First PartPerspectiva Regional y Figuras Contractuales Latinoamericanas
Regional Overview and Latin America Contractual Features
Latin American petroleum contracts in the era of globalization . . . . . . . . . . . . . . . . . . 3
Luis Enrique Cuervo
Contract structures for petroleum transactions in Latin America. Investment in the petroleum industry through joint ownership . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33
Steven P. Otillar
Ben Welmaker
Contratos de producción compartida . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 79
Camilo Ernesto Vela Villota
Catalina Velásquez Gil
Oil and gas service contracts in Latin America — a regional approach. Special comments on discrete services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 101
David Enríquez
Aliana Villarreal
Segunda Parte Second PartAspectos transversales Cross — practice features
Transacciones petroleras internacionales en Latinoamérica: aspectos ambientales que engloba la actividad petrolera . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 117
Alberto Silva
Corporate social responsibility in the hydrocarbons sector in Latin America . . . . . . . 135
Rafael Díaz Oquendo
VIII CONTENIDO
Aspectos anticorrupción de América Latina . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 155
Joshua Wallenstein
Technology transfer to Latin America in the oil industry. Analysis of the legal framework . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 177
Ricardo Colmenter Roy Mitchell / David Issa
Tercera Parte Third PartRegulaciones nacionales National regulations
Brazilian oil & gas regulatory framework . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 215
Daniel Szyfman
Navigating through the regulatory framework of the Venezuelan oil industry . . . . . . 243
Elisabeth Eljuri Verónica Clamens
Doing Oil and Gas Business in Peru . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 267
Maria Rocio Mendoza Giancarlo Guardia
¿Negociaciones o negaciones? Avances, retrocesos y sin-sentidos de los contratos mexicanos . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 297
Miriam Grunstein
Los nuevos contratos de desempeño: herramienta de transformación de la industria petrolera nacional . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 337
Juan Carlos Zepeda Oscar Roldán
Ex cursus — investment treaty shopping à la mexicaine . . . . . . . . . . . . . . . . . . . . . . . 367
Francisco González de Cossío
Índice / Table of Contents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 377
IX
Prólogo Prologue
University cooperation is one of the pillars of the development of knowled-ge and informed reflection of any civil society. It is with this educational philosophy in mind that the University of Houston (UH) and the Instituto Tecnológico Autónomo de México (ITAM) have sought to find subjects of interest and relevance to the economic and social relationship between Mexico and the United States. Academic initiatives such as the seminar on Law and International Practices in Hydrocarbon Exploration, within the context of the Mexican Energy Reform, held at ITAM at the end of 2008, was a clear, successful example of this joint collaboration, which in turn served as a catalyst for similar initiatives with other universities in Latin America in countries such as Brazil, Colombia and Ecuador, where national petro-leum companies from these countries also had a fundamental role in acade-mic/practical interchange.
Given the challenges of the oil and gas sector and in view of the analytic and multidisciplinary missions of our universities, ITAM and UH have deci-ded to bring together a group of participants from the exploration and pro-duction environment to design a book with great added value, which with its international and multijurisdictional perspectives responds to numerous academic and business concerns of such a complex industry.
In the work we are presenting, the reader will find an emphatic conver-gence of the main Latin American oil jurisdictions. Accordingly, solutions are given systematically for common problems and regional trends are out-lined based on the characteristics of the Latin American countries in ques-tion, in their interrelation with the North American market. Therefore, this book will become an oil industry reference for the entire hemisphere.
As deans of our respective schools of law, we offer the warmest welco-me to this editorial cooperation project. We expect our students and those in the profession in general will find reading it to be of great interest.
Mexico City, Mexico and Houston, Texas Spring 2011
JORGE CERDIO
ITAMRAYMOND T. NIMMER
University of Houston
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