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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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