risks are taken into account with priority in the Consortium’s process. The personnel referred to in item “a” must be designated pursuant to the Best Practices of the Oil Industry and be directly proportional to the operational and environmental risks assumed by the Operator. The monitoring center referred to in item “b” must be located onshore and provided with technology and size compatible with the risks assumed by the Operator pursuant to the Best Practices of the Oil Industry. Licenses, Authorizations, and Permits The Contractors shall, at their own account and risk, obtain all licenses, authorizations, and permits required under the Applicable Laws and Regulations. If the licenses, authorizations, and permits depend on a third-party agreement, the negotiation and execution of such agreements shall be the sole responsibility of the Contractors, and the Contracting Party and ANP may provide the assistance described in paragraph 20.6. The Contractor shall be held liable for infringement of the right to use materials and execution processes protected by trademarks, patents, or other rights, and it shall pay any obligations, liens, commissions, indemnifications, or other expenses arising from such infringement, including legal expenses. Free Access to the Contract Area During the effectiveness of this Agreement, the Consortium Members have free access to the Contract Area and its facilities. Drilling and Abandonment of The Consortium Members shall previously notify ANP of the start of drilling of any well in the Contract Area. The Consortium Members may interrupt the well drilling and abandon it before achieving the exploratory objective established, pursuant to the Applicable Laws and Regulations and according to the Best Practices of the Oil Industry. If the well is part of the Minimum Exploration Program and does not achieve its exploratory objective established in Annex II, its drilling shall not be calculated for purposes of compliance with the Minimum Exploration Program, unless ANP, at its sole discretion, so decides. ANP may exceptionally authorize drilling of wells in locations outside the Contract Area, due to Production Individualization Agreements or environmental issues.
Indication of the Block Area (km²) Exploratory Well Minimum of the well (age) Amount of the Financial Guarantee for the Exploration Phase (R$) XX (XXXX) Exploration Phase Exploration Phase Duration XX (XXXX) ANNEX III – FINANCIAL GUARANTEE OF THE EXPLORATION ACTIVITIES Financial guarantees shall be provided for the Minimum Exploration Program as letters of credit, performance bond, or Oil and Gas pledge agreement, under the conditions established in the tender protocol. (Attach a copy of the financial guarantee of the Minimum Exploration Program) ANNEX IV – PERFORMANCE GUARANTEE (Attach a copy of the document submitted as performance guarantee pursuant to the tender protocol, if applicable.) ANNEX V – GOVERNMENT REVENUE As provided by Law No. 12,351/2010, the Contractor shall pay the following Governmental Revenues: Signature in the amount of XXX Reais (R$XXX);
Table 1: Form of Exploration Plan Spreadsheet DESCRIPTION UNIT ACTIVITIES – EXPLORATION PLAN BUDGET – EXPLORATION PLAN (R$ THOUSANDS) EXPECTED LOCAL CONTENT YEAR YEAR ONE TWO THREE FOUR ONE TWO THREE FOUR 1 – SURVEYS 1.1 – GEOPHYSICAL 1.1.1 – GRAVIMETRY ACQUISITION km PROCESSING mh INTERPRETATION mh 1.1.2 – MAGNETOMETRY ACQUISITION km PROCESSING mh INTERPRETATION mh 1.1.3 – OFFSHORE SEISMIC ACQUISITION 2D ACQUISITION km PROCESSING mh INTERPRETATION mh 3D ACQUISITION km2 PROCESSING mh INTERPRETATION mh 1.1.4 – ONSHORE 2D ACQUISITION km
SEISMIC ACQUISITION PROCESSING mh INTERPRETATION mh 3D ACQUISITION km2 PROCESSING mh INTERPRETATION mh 1.1.5 – ELECTROMAGNETIC ACQUISITION km/receiver PROCESSING mh INTERPRETATION mh 1.2 – GEOCHEMICAL (PLEASE SPECIFY) ACQUISITION PROCESSING mh INTERPRETATION mh 1.3 – OTHER SURVEYS (PLEASE SPECIFY) ACQUISITION PROCESSING mh INTERPRETATION mh 2 – (RE)PROCESSING (PLEASE SPECIFY) mh 3 – INTERPRETATION (PLEASE SPECIFY)
mh 4 – STUDIES 4.1 – GEOPHYSICAL (PLEASE SPECIFY) 4.2 – GEOLOGICAL (PLEASE SPECIFY) 4.3 – GEOCHEMICAL (PLEASE SPECIFY) 5 – (PLEASE SPECIFY) 6 – ENVIRONMENT 6.1 – ENVIRONMENTAL PERMITTING Facilities 7 – WELL 7.1 – DRILLING 7.2 – WELL ASSESSMENT 7.3 – PETROPHYSICAL ANALYSES 7.4 – LOGGING 7.5 – FORMATION TESTS
Ministry of Mines and Energy – MME Esplanada dos Ministérios, Bloco U, Zona Cívica Brasília – DF, 70065-900 Empresa Brasileira de Administração de Petróleo e Gás Natural S.A. – Pré-sal Petróleo S.A. – PPSA SAUS Quadra 04, Edifício Victoria Office Tower, sala 725 (principal place of business) Brasília – DF, CEP Avenida Rio Branco, nº 1, 4º Centro (Main Office) Rio de Janeiro – RJ, CEP National Agency of Petroleum, Natural Gas and Biofuels – ANP Avenida Rio Branco nº 65, 12º ao 22º Centro Rio de Janeiro – RJ, 20090-004 [insert the corporate name of the Contractor] [insert the full address of the Contractor] ANNEX IX – LOCAL CONTENT COMMITMENT Minimum Local Content (%) Exploration Phase 18 Development Phase Construction of Well 25 Production Collection and Outflow System 40 Stationary Production Unit 25