Supply to the Domestic Market In emergency situations that may put at risk the domestic supply of Oil and Gas, as well as by-products, ANP may determine that the Contractor limit its exports of these hydrocarbons. An emergency situation is that so enacted by the President of the Republic. The Production with limited export shall be directed to serve the Brazilian market or to compose strategic inventories for the Country. ANP shall notify the Contractor on the limitation to exports upon at least thirty (30)-day notice. The Production share to which the restriction on free use applies shall be determined every month with respect to the proportion of the Contractor’s share in the domestic Oil and Gas Production for the immediately preceding month. Consumption in the Operations The Consortium Members may use as fuel, in the Operations, Oil and Gas produced in the Contract Area, provided that in quantities authorized by ANP. The Consortium Members shall inform ANP, upon substantiated notice, any variation over fifteen percent (15%), with respect to the Annual Production Program, in the quantity of Oil and Gas consumed in the Operations, as well as the purpose of its use. The Consortium Members shall include such information in the Monthly Production Reports. The volumes of Oil and Gas consumed in the Operations shall be calculated for purposes of calculation of the Royalties provided for in Section Six. Results of Test Data, information, results, interpretations, models of static and dynamic Reservoirs, and the flow regimes obtained from formation tests, Extended Well Tests, or Early Production Systems during execution of the Operations of this Agreement shall be submitted to ANP and the Manager immediately after their obtaining or completion or within the term defined in the Applicable Laws and Regulations. Information shall also contemplate the volumes of Oil, Gas, and water produced. For Extended Well the information shall be submitted to ANP in accordance with the frequency established in the approved Discovery Assessment Plans.
and Regulations, without entailing limitation of their liability under this Agreement. These insurance policies must cover: properties; personnel; extraordinary expenses for the operation of cleaning, in the of accidents; decontamination, in the event of accidents; and civil liability for damages to the environment and the Contracting Party’s properties. The Contractors include the Contracting Party and ANP as coinsured in the civil liability policies, which shall not impair the Contracting Party’s or ANP’s right to be fully reimbursed for losses and damages exceeding the indemnification received by virtue of the coverage provided for in the policy. At ANP’s sole discretion and provided that previously authorized by it, may be accepted. Insurance through Affiliates is accepted as long as provided by a company authorized by the Private Insurance Superintendence – SUSEP to perform this activity and previously authorized by ANP. The Contractor’s policies and global insurance programs may be used for the purposes of this section, provided that previously authorized by ANP. The Contractors shall deliver to ANP, upon request, within five (5) business days, a copy of all policies and agreements regarding the insurance policies referred to in paragraph 27.1, as well as a copy of any and all amendment, change, endorsement, postponement, or extension thereof, and a copy of any and all related loss occurrence, complaint, or report.
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 – OTHER (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