Use this template to create a Participation Agreement between a title holder (owner) and an operator to fulfil work commitments and perform exploration with respect to certain oil and gas properties. Key provisions include:

• The operator will pay 100% of the costs of the work commitments. The title holder will hold a 50% interest in trust for the operator and will transfer this interest to the operator upon its fulfillment of its duties under the agreement.
  
• Each party will be responsible for paying all taxes, royalties and charges levied or assessed against its participating interest.

This is a generic oil and gas document in MS Word format, and is not specific to any country or region.