Common use of AUDIT OF THE COST AND PROFIT OIL Clause in Contracts

AUDIT OF THE COST AND PROFIT OIL. The Operator shall keep available to the Manager, for ten (10) years after feeding them to the SGPP, all documents supporting the expenditures incurred. The Audit of the Cost and Profit Oil shall be performed by the Manager at any time, directly or through specialized consulting services, upon at least thirty (30)-day notice to the Operator. The maximum frequency for performing the Audit of the Cost and Profit Oil is at every five (5) years. The minimum frequency for performing the Audit of the Cost and Profit Oil is at every six (6) years. Regarding expenditures previously recognized as Cost Oil, the Audit of the Cost and Profit Oil shall result in: reversal of expenditures improperly recognized; or final acceptance of the expenditures recognized. Regarding the Volume of Inspected Production, the Audit of the Cost and Profit Oil shall result in: adjustment of the Volume of Inspected Production improperly calculated; or final acceptance of the Volume of Inspected Production calculated. ANNEX VIII – ADDRESS Ministry of Mines and Energy – MME Xxxxxxxxx xxx Xxxxxxxxxxx, Xxxxx X, Xxxx Xxxxxx Xxxxxxxx – XX, 00000-000 Xxxxxxx Xxxxxxxxxx de Administração de Petróleo e Gás Natural S.A. – Pré-xxx Petróleo S.A. – PPSA XXXX Xxxxxx 00, Xxxxxxxx Xxxxxxxx Office Tower, sala 000 (xxxxxxxxx xxxxx xx xxxxxxxx) Xxxxxxxx – DF, CEP Avenida Rio Xxxxxx, nº 1, 4º andar, Centro (Main Office) Rio de Janeiro – RJ, CEP National Agency of Petroleum, Natural Gas and Biofuels – ANP Avenida Rio Xxxxxx nº 65, 12º ao 22º andar, 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 Xxxxx 00 Xxxxxxxxxxx Xxxxx Construction of Well 25 Production Collection and Outflow System 40 Stationary Production Unit 25 ANNEX X – CONSORTIUM AGREEMENT CONSORTIUM AGREEMENT [name] REGARDING PRODUCTION SHARING AGREEMENT No. _________________ [areas covered by the consortium] BASIN ______________ between Empresa Brasileira de Administração de Petróleo e Gás Natural S.A. – Pré-Xxx Petróleo S.A. – PPSA, and _____________________________ Brasília – DF ______________, 20__ CONSORTIUM AGREEMENT

Appears in 2 contracts

Samples: Consortium Agreement, Consortium Agreement

AutoNDA by SimpleDocs

AUDIT OF THE COST AND PROFIT OIL. The Operator shall keep available to the Manager, for ten (10) years after feeding them to the SGPP, all documents supporting the expenditures incurred. The Audit of the Cost and Profit Oil shall be performed by the Manager at any time, directly or through specialized consulting services, upon at least thirty (30)-day notice to the Operator. The maximum frequency for performing the Audit of the Cost and Profit Oil is at every five (5) years. The minimum frequency for performing the Audit of the Cost and Profit Oil is at every six one (61) yearsyear. Regarding expenditures previously recognized as Cost Oil, the Audit of the Cost and Profit Oil shall result in: reversal of expenditures improperly recognized; or final acceptance of the expenditures recognized. Regarding the Volume of Inspected Production, the Audit of the Cost and Profit Oil shall result in: adjustment of the Volume of Inspected Production improperly calculated; or final acceptance of the Volume of Inspected Production calculated. ANNEX VIII VI ADDRESS Ministry COST OIL RECOVERY LIMIT AND PROFIT OIL SHARING PERCENTAGE During the Production Phase, the Contracted Party shall, every month, receive the Production share corresponding to the Cost Oil, observing the limit of Mines and Energy – MME Xxxxxxxxx xxx Xxxxxxxxxxx, Xxxxx X, Xxxx Xxxxxx Xxxxxxxx – XX, 00000-000 Xxxxxxx Xxxxxxxxxx de Administração de Petróleo e Gás Natural S.A. – Pré-xxx Petróleo S.A. – PPSA XXXX Xxxxxx 00, Xxxxxxxx Xxxxxxxx Office Tower, sala 000 (xxxxxxxxx xxxxx xx xxxxxxxx) Xxxxxxxx – DF, CEP Avenida Rio Xxxxxx, nº 1, 4º andar, Centro (Main Office) Rio de Janeiro – RJ, CEP National Agency of Petroleum, Natural Gas and Biofuels – ANP Avenida Rio Xxxxxx nº 65, 12º ao 22º andar, Centro Rio de Janeiro – RJ, 20090-004 [insert the corporate name number in words] percent ([insert number] %) of the Contractor] [insert the full address Gross Production Value of the Contractor] ANNEX IX – LOCAL CONTENT COMMITMENT Minimum Local Content Production Sharing Agreement. Federal Government's Profit Oil Share (%) Exploration Xxxxx 00 Xxxxxxxxxxx Xxxxx Construction of Production per Producing Well 25 Production Collection (bbl/d) Barrel price (US$/bbl) <Prod1 Between Prod1 and Outflow System 40 Stationary Production Unit 25 Prod2 Between Prod3 and Prod4 > Prod4 < P1 Between P1 and P2 Between P2 and P3 Between P3 and P4 >P4 ANNEX X VII – CONSORTIUM AGREEMENT CONSORTIUM AGREEMENT [name] REGARDING THE TRANSFER OF RIGHTS SURPLUS PRODUCTION SHARING AGREEMENT No. _________________ [areas covered by the consortium] BASIN ______________ between Empresa Brasileira de Administração de Petróleo e Gás Natural S.A. – Pré-Xxx Petróleo Xxxxxxxx S.A. – PPSA, and _____________________________ Brasília – DF ____________ ____ , 20__ CONSORTIUM AGREEMENT

Appears in 1 contract

Samples: Consortium Agreement

AUDIT OF THE COST AND PROFIT OIL. The Operator shall keep available to the Manager, for ten (10) years after feeding them to the SGPP, all documents supporting the expenditures incurred. The Audit of the Cost and Profit Oil shall be performed by the Manager at any time, directly or through specialized consulting services, upon at least thirty (30)-day notice to the Operator. The maximum frequency for performing the Audit of the Cost and Profit Oil is at every five (5) years. The minimum frequency for performing the Audit of the Cost and Profit Oil is at every six one (61) yearsyear. Regarding expenditures previously recognized as Cost Oil, the Audit of the Cost and Profit Oil shall result in: reversal of expenditures improperly recognized; or final acceptance of the expenditures recognized. Regarding the Volume of Inspected Production, the Audit of the Cost and Profit Oil shall result in: adjustment of the Volume of Inspected Production improperly calculated; or final acceptance of the Volume of Inspected Production calculated. ANNEX VIII VI ADDRESS Ministry COST OIL RECOVERY LIMIT AND PROFIT OIL SHARING PERCENTAGE During the Production Phase, the Contracted Party shall, every month, receive the Production share corresponding to the Cost Oil, observing the limit of Mines and Energy – MME Xxxxxxxxx xxx Xxxxxxxxxxx, Xxxxx X, Xxxx Xxxxxx Xxxxxxxx – XX, 00000-000 Xxxxxxx Xxxxxxxxxx de Administração de Petróleo e Gás Natural S.A. – Pré-xxx Petróleo S.A. – PPSA XXXX Xxxxxx 00, Xxxxxxxx Xxxxxxxx Office Tower, sala 000 (xxxxxxxxx xxxxx xx xxxxxxxx) Xxxxxxxx – DF, CEP Avenida Rio Xxxxxx, nº 1, 4º andar, Centro (Main Office) Rio de Janeiro – RJ, CEP National Agency of Petroleum, Natural Gas and Biofuels – ANP Avenida Rio Xxxxxx nº 65, 12º ao 22º andar, Centro Rio de Janeiro – RJ, 20090-004 [insert the corporate name number in words] percent ([insert number] %) of the Contractor] [insert the full address Gross Production Value of the Contractor] ANNEX IX – LOCAL CONTENT COMMITMENT Minimum Local Content Production Sharing Agreement. Federal Government's Profit Oil Share (%) Exploration Xxxxx 00 Xxxxxxxxxxx Xxxxx Construction of Production per Producing Well 25 Production Collection (bbl/d) Barrel price (US$/bbl) <Prod1 Between Prod1 and Outflow System 40 Stationary Production Unit 25 Prod2 Between Prod3 and Prod4 > Prod4 < P1 Between P1 and P2 Between P2 and P3 Between P3 and P4 >P4 ANNEX X VII – CONSORTIUM AGREEMENT CONSORTIUM AGREEMENT [name] REGARDING THE TRANSFER OF RIGHTS SURPLUS PRODUCTION SHARING AGREEMENT No. _________________ [areas covered by the consortium] BASIN ______________ between Empresa Brasileira de Administração de Petróleo e Gás Natural S.A. – Pré-Xxx Petróleo Xxxxxxxx S.A. – PPSA, Petróleo Brasileiro S.A. - PETROBRAS and _____________________________ Brasília – DF ____________ ____ , 20__ CONSORTIUM AGREEMENT

Appears in 1 contract

Samples: Consortium Agreement

AUDIT OF THE COST AND PROFIT OIL. The Operator shall keep available to the Manager, for ten (10) years after feeding them to the SGPP, all documents supporting the expenditures incurred. The Audit of the Cost and Profit Oil shall be performed by the Manager at any time, directly or through specialized consulting services, upon at least thirty (30)-day notice to the Operator. The maximum frequency for performing the Audit of the Cost and Profit Oil is at every five (5) years. The minimum frequency for performing the Audit of the Cost and Profit Oil is at every six (6) years. Regarding expenditures previously recognized as Cost Oil, the Audit of the Cost and Profit Oil shall result in: reversal of expenditures improperly recognized; or final acceptance of the expenditures recognized. Regarding the Volume of Inspected Production, the Audit of the Cost and Profit Oil shall result in: adjustment of the Volume of Inspected Production improperly calculated; or final acceptance of the Volume of Inspected Production calculated. ANNEX VIII VI ADDRESS Ministry COST OIL RECOVERY LIMIT AND PROFIT OIL SHARING PERCENTAGE During the Production Phase, the Contracted Party shall, every month, receive the Production share corresponding to the Cost Oil, observing the limit of Mines and Energy – MME Xxxxxxxxx xxx Xxxxxxxxxxx, Xxxxx X, Xxxx Xxxxxx Xxxxxxxx – XX, 00000-000 Xxxxxxx Xxxxxxxxxx de Administração de Petróleo e Gás Natural S.A. – Pré-xxx Petróleo S.A. – PPSA XXXX Xxxxxx 00, Xxxxxxxx Xxxxxxxx Office Tower, sala 000 (xxxxxxxxx xxxxx xx xxxxxxxx) Xxxxxxxx – DF, CEP Avenida Rio Xxxxxx, nº 1, 4º andar, Centro (Main Office) Rio de Janeiro – RJ, CEP National Agency of Petroleum, Natural Gas and Biofuels – ANP Avenida Rio Xxxxxx nº 65, 12º ao 22º andar, Centro Rio de Janeiro – RJ, 20090-004 [insert the corporate name number in words] percent ([insert number] %) of the Contractor] [insert the full address Gross Production Value of the Contractor] ANNEX IX – LOCAL CONTENT COMMITMENT Minimum Local Content Production Sharing Agreement. Federal Government's Profit Oil Share (%) Exploration Xxxxx 00 Xxxxxxxxxxx Xxxxx Construction of Production per Producing Well 25 Production Collection (bbl/d) Barrel price (US$/bbl) <Prod1 Between Prod1 and Outflow System 40 Stationary Production Unit 25 Prod2 Between Prod3 and Prod4 > Prod4 < P1 Between P1 and P2 Between P2 and P3 Between P3 and P4 >P4 ANNEX X VII – CONSORTIUM AGREEMENT CONSORTIUM AGREEMENT [name] REGARDING THE TRANSFER OF RIGHTS SURPLUS PRODUCTION SHARING AGREEMENT No. _________________ [areas covered by the consortium] BASIN ______________ between Empresa Brasileira de Administração de Petróleo e Gás Natural S.A. – Pré-Xxx Petróleo Xxxxxxxx S.A. – PPSA, Petróleo Brasileiro S.A. - PETROBRAS and _____________________________ Brasília – DF ____________ ____ , 20__ CONSORTIUM AGREEMENT

Appears in 1 contract

Samples: Consortium Agreement

AUDIT OF THE COST AND PROFIT OIL. The Operator shall keep available to the Manager, for ten (10) years after feeding them to the SGPP, all documents supporting the expenditures incurred. The Audit of the Cost and Profit Oil shall be performed by the Manager at any time, directly or through specialized consulting services, upon at least thirty (30)-day notice to the Operator. The maximum frequency for performing the Audit of the Cost and Profit Oil is at every five (5) years. The minimum frequency for performing the Audit of the Cost and Profit Oil is at every six (6) years. Regarding expenditures previously recognized as Cost Oil, the Audit of the Cost and Profit Oil shall result in: reversal of expenditures improperly recognized; or final acceptance of the expenditures recognized. Regarding the Volume of Inspected Production, the Audit of the Cost and Profit Oil shall result in: adjustment of the Volume of Inspected Production improperly calculated; or final acceptance of the Volume of Inspected Production calculated. ANNEX VIII – ADDRESS Ministry of Mines and Energy – MME Xxxxxxxxx xxx Xxxxxxxxxxx, Xxxxx X, Xxxx Xxxxxx Xxxxxxxx – XX, 00000-000 Xxxxxxx Xxxxxxxxxx de Administração de Petróleo e Gás Natural S.A. – Pré-xxx Petróleo S.A. – PPSA XXXX Xxxxxx 00, Xxxxxxxx Xxxxxxxx Office Tower, sala 000 (xxxxxxxxx xxxxx xx xxxxxxxx) Xxxxxxxx – DF, CEP Avenida Rio Xxxxxx, nº 1, 4º andar, Centro (Main Office) Rio de Janeiro – RJ, CEP National Agency of Petroleum, Natural Gas and Biofuels – ANP Avenida Rio Xxxxxx nº 65, 12º ao 22º andar, 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 [Insert the percentage of Local Content (%) Exploration Xxxxx 00 Xxxxxxxxxxx Xxxxx Construction Commitment for Southwestern of Well 25 Production Collection and Outflow System 40 Stationary Production Unit 25 Tartaruga Verde Block - see in the official version] ANNEX X – CONSORTIUM AGREEMENT CONSORTIUM AGREEMENT [name] REGARDING PRODUCTION SHARING AGREEMENT No. _________________ [areas covered by the consortium] BASIN ______________ between Empresa Brasileira de Administração de Petróleo e Gás Natural S.A. – Pré-Xxx Petróleo S.A. – PPSA, and _____________________________ Brasília – DF ______________, 20__ CONSORTIUM AGREEMENT

Appears in 1 contract

Samples: Consortium Agreement

AUDIT OF THE COST AND PROFIT OIL. The Operator shall keep available to the Manager, for ten (10) years after feeding them to the SGPP, all documents supporting the expenditures incurred. The Audit of the Cost and Profit Oil shall be performed by the Manager at any time, directly or through specialized consulting services, upon at least thirty (30)-day notice to the Operator. The maximum frequency for performing the Audit of the Cost and Profit Oil is at every five (5) years. The minimum frequency for performing the Audit of the Cost and Profit Oil is at every six (6) years. Regarding expenditures previously recognized as Cost Oil, the Audit of the Cost and Profit Oil shall result in: reversal of expenditures improperly recognized; or final acceptance of the expenditures recognized. Regarding the Volume of Inspected Production, the Audit of the Cost and Profit Oil shall result in: adjustment of the Volume of Inspected Production improperly calculated; or final acceptance of the Volume of Inspected Production calculated. ANNEX VIII – ADDRESS Ministry of Mines and Energy – MME Xxxxxxxxx xxx Xxxxxxxxxxx, Xxxxx X, Xxxx Xxxxxx Xxxxxxxx – XX, 00000-000 Xxxxxxx Xxxxxxxxxx de Administração de Petróleo e Gás Natural S.A. – Pré-xxx Petróleo S.A. – PPSA XXXX Xxxxxx 00, Xxxxxxxx Xxxxxxxx Office Tower, sala 000 (xxxxxxxxx xxxxx xx xxxxxxxx) Xxxxxxxx – DFXX, CEP Avenida Rio 00000-000 Xxxxxxx Xxx Xxxxxx, nº 1, 4º andar, Centro (Main Office) Rio de Janeiro – RJ, CEP 20090-003 National Agency of Petroleum, Natural Gas and Biofuels – ANP Avenida Rio Xxxxxx nº 65, 12º ao 22º andar, Centro Rio de Janeiro – RJXX, 2009000000-004 000 Xxxxxxxx Xxxxxxxxxx S.A. - Petrobras Av. República do Chile, nº 65, Centro Xxx xx Xxxxxxx, XX, 00000-000 [insert the corporate name of the Contractor] [insert the full address of the Contractor] ANNEX IX – LOCAL CONTENT COMMITMENT Minimum Local Content (%) Exploration Xxxxx 00 Xxxxxxxxxxx Xxxxx Construction of Well 25 Production Collection and Outflow System 40 Stationary Production Unit 25 ANNEX X – CONSORTIUM AGREEMENT CONSORTIUM AGREEMENT [name] REGARDING PRODUCTION SHARING AGREEMENT No. _________________ [areas covered by the consortium] BASIN ______________ between Empresa Brasileira de Administração de Petróleo e Gás Natural S.A. – Pré-Xxx Petróleo S.A. – PPSA, Petróleo Brasileiro S.A. – PETROBRAS and _____________________________ Brasília – DF ______________, 20__ CONSORTIUM AGREEMENT

Appears in 1 contract

Samples: Consortium Agreement

AUDIT OF THE COST AND PROFIT OIL. The Operator shall keep available to the Manager, for ten (10) years after feeding them to the SGPP, all documents supporting the expenditures incurred. The Audit of the Cost and Profit Oil shall be performed by the Manager at any time, directly or through specialized consulting services, upon at least thirty (30)-day notice to the Operator. The maximum frequency for performing the Audit of the Cost and Profit Oil is at every five (5) years. The minimum frequency for performing the Audit of the Cost and Profit Oil is at every six one (61) yearsyear. Regarding expenditures previously recognized as Cost Oil, the Audit of the Cost and Profit Oil shall result in: reversal of expenditures improperly recognized; or final acceptance of the expenditures recognized. Regarding the Volume of Inspected Production, the Audit of the Cost and Profit Oil shall result in: adjustment of the Volume of Inspected Production improperly calculated; or final acceptance of the Volume of Inspected Production calculated. ANNEX VIII – ADDRESS Ministry of Mines and Energy – MME Xxxxxxxxx xxx Xxxxxxxxxxx, Xxxxx X, Xxxx Xxxxxx Xxxxxxxx – Xxxxxxxx, XX, 00000-000 Xxxxxxx Xxxxxxxxxx Empresa Brasileira de Administração de Petróleo e Gás Natural S.A. – Pré-xxx Petróleo S.A. – PPSA XXXX Xxxxxx 00SBS Quadra 02, Xxxxxxxx Xxxxxxxx Office TowerBloco E, Edifício Prime, nº 206, sala 1404 (Registered Office) Brasília, XX, 00000-000 (xxxxxxxxx xxxxx xx xxxxxxxx) Xxxxxxxx – DF, CEP Avenida Rio Xxxxxxx Xxx Xxxxxx, nº 1, 4º andar, Centro (Main Office) Rio de Janeiro – RJXxx xx Xxxxxxx, CEP XX, 00000-000 National Agency of Petroleum, Natural Gas Gas, and Biofuels – ANP Avenida Rio Xxxxxx nº 65, 12º ao 22º andar, Centro Rio de Janeiro – RJXxx xx Xxxxxxx, 20090XX, 00000-004 000 [insert the Contracted Party’s corporate name of the Contractorname] [insert the Contracted Party’s full address of the Contractoraddress] ANNEX IX – LOCAL CONTENT COMMITMENT Minimum (Insert Local Content (%commitment of the adjacent Exploration and Production Contract) Exploration Xxxxx 00 Xxxxxxxxxxx Xxxxx Construction of Well 25 Production Collection and Outflow System 40 Stationary Production Unit 25 ANNEX X – CONSORTIUM AGREEMENT CONSORTIUM AGREEMENT [name] REGARDING PRODUCTION SHARING AGREEMENT NoNO. _________________ [areas covered by the consortium] BASIN ______________ by and between Empresa Brasileira de Administração de Petróleo e Gás Natural S.A. – Pré-Xxx Petróleo S.A. – PPSA, and _____________________________ Brasília – Brasília, DF ______________, 20__ CONSORTIUM AGREEMENT

Appears in 1 contract

Samples: Consortium Agreement

AUDIT OF THE COST AND PROFIT OIL. The Operator shall keep available to the Manager, for ten (10) years after feeding them to the SGPP, all documents supporting the expenditures incurred. The Audit of the Cost and Profit Oil shall be performed by the Manager at any time, directly or through specialized consulting services, upon at least thirty (30)-day notice to the Operator. The maximum frequency for performing the Audit of the Cost and Profit Oil is at every five (5) years. The minimum frequency for performing the Audit of the Cost and Profit Oil is at every six (6) years. Regarding expenditures previously recognized as Cost Oil, the Audit of the Cost and Profit Oil shall result in: reversal of expenditures improperly recognized; or final acceptance of the expenditures recognized. Regarding the Volume of Inspected Production, the Audit of the Cost and Profit Oil shall result in: adjustment of the Volume of Inspected Production improperly calculated; or final acceptance of the Volume of Inspected Production calculated. ANNEX VIII – ADDRESS Ministry of Mines and Energy – MME Xxxxxxxxx xxx XxxxxxxxxxxEsplanada dos Ministérios, Xxxxx XBloco U, Xxxx Xxxxxx Xxxxxxxx Zona Cívica Brasília XXDF, 00000-000 Xxxxxxx Xxxxxxxxxx de xe Administração de Petróleo e Gás Natural S.A. – Pré-xxx Petróleo S.A. – PPSA XXXX SAXX Xxxxxx 00, Xxxxxxxx Xxxxxxxx Office Xffice Tower, sala 000 725 (xxxxxxxxx xxxxx xx xxxxxxxxprincipal place of business) Xxxxxxxx Brasília – DF, CEP Avenida Rio Xxxxxx, nº 1, 4º andar, Centro (Main Office) Rio de Janeiro – RJ, CEP National Agency of Petroleum, Natural Gas and Biofuels – ANP Avenida Rio Xxxxxx nº 65, 12º ao 22º andar, 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 Xxxxx Phxxx 00 Xxxxxxxxxxx Xxxxx Construction Xonstruction of Well 25 Production Collection and Outflow System 40 Stationary Production Unit 25 ANNEX X – CONSORTIUM AGREEMENT CONSORTIUM AGREEMENT [name] REGARDING PRODUCTION SHARING AGREEMENT No. _________________ [areas covered by the consortium] BASIN ______________ between Empresa Brasileira de Administração de Petróleo e Gás Natural S.A. – Pré-Xxx Petróleo S.A. – PPSA, and _____________________________ Brasília – DF ______________, 20__ CONSORTIUM AGREEMENT

Appears in 1 contract

Samples: Consortium Agreement

AUDIT OF THE COST AND PROFIT OIL. The Operator shall keep available to the Manager, for ten (10) years after feeding them to the SGPP, all documents supporting the expenditures incurred. The Audit of the Cost and Profit Oil shall be performed by the Manager at any time, directly or through specialized consulting services, upon at least thirty (30)-day notice to the Operator. The maximum frequency for performing the Audit of the Cost and Profit Oil is at every five (5) years. The minimum frequency for performing the Audit of the Cost and Profit Oil is at every six one (61) yearsyear. Regarding expenditures previously recognized as Cost Oil, the Audit of the Cost and Profit Oil shall result in: reversal of expenditures improperly recognized; or final acceptance of the expenditures recognized. Regarding the Volume of Inspected Production, the Audit of the Cost and Profit Oil shall result in: adjustment of the Volume of Inspected Production improperly calculated; or final acceptance of the Volume of Inspected Production calculated. ANNEX VIII – ADDRESS Ministry of Mines and Energy – MME Xxxxxxxxx xxx Xxxxxxxxxxx, Xxxxx X, Xxxx Xxxxxx Xxxxxxxx – Xxxxxxxx, XX, 00000-000 Xxxxxxx Xxxxxxxxxx Empresa Brasileira de Administração de Petróleo e Gás Natural S.A. – Pré-xxx Petróleo S.A. – PPSA XXXX Xxxxxx 00SBS Quadra 02, Xxxxxxxx Xxxxxxxx Office TowerBloco E, Edifício Prime, nº 206, sala 1404 (Registered Office) Brasília, XX, 00000-000 (xxxxxxxxx xxxxx xx xxxxxxxx) Xxxxxxxx – DF, CEP Avenida Rio Xxxxxxx Xxx Xxxxxx, nº 1, 4º andar, Centro (Main Office) Rio de Janeiro – RJXxx xx Xxxxxxx, CEP XX, 00000-000 National Agency of Petroleum, Natural Gas Gas, and Biofuels – ANP Avenida Rio Xxxxxx nº 65, 12º ao 22º andar, Centro Rio de Janeiro – RJXxx xx Xxxxxxx, 20090XX, 00000-004 000 Petróleo Brasileiro S.A. - Petrobras Av. República do Chile, nº 65, Centro Xxx xx Xxxxxxx, XX, 00000-000 [insert the Contracted Party’s corporate name of the Contractorname] [insert the Contracted Party’s full address of the Contractoraddress] ANNEX IX – LOCAL CONTENT COMMITMENT Minimum (Insert Local Content (%commitment of the adjacent Exploration and Production Contract) Exploration Xxxxx 00 Xxxxxxxxxxx Xxxxx Construction of Well 25 Production Collection and Outflow System 40 Stationary Production Unit 25 ANNEX X – CONSORTIUM AGREEMENT CONSORTIUM AGREEMENT [name] REGARDING PRODUCTION SHARING AGREEMENT NoNO. _________________ [areas covered by the consortium] BASIN ______________ by and between Empresa Brasileira de Administração de Petróleo e Gás Natural S.A. – Pré-Xxx Petróleo S.A. – PPSA, Petróleo Brasileiro S.A. – PETROBRAS and _____________________________ Brasília – Brasília, DF ______________, 20__ CONSORTIUM AGREEMENT

Appears in 1 contract

Samples: Consortium Agreement

AUDIT OF THE COST AND PROFIT OIL. The Operator shall keep available to the Manager, for ten (10) years after feeding them to the SGPP, all documents supporting the expenditures incurred. The Audit of the Cost and Profit Oil shall be performed by the Manager at any time, directly or through specialized consulting services, upon at least thirty (30)-day notice to the Operator. The maximum frequency for performing the Audit of the Cost and Profit Oil is at every five (5) years. The minimum frequency for performing the Audit of the Cost and Profit Oil is at every six one (61) yearsyear. Regarding expenditures previously recognized as Cost Oil, the Audit of the Cost and Profit Oil shall result in: reversal of expenditures improperly recognized; or final acceptance of the expenditures recognized. Regarding the Volume of Inspected Production, the Audit of the Cost and Profit Oil shall result in: adjustment of the Volume of Inspected Production improperly calculated; or final acceptance of the Volume of Inspected Production calculated. ANNEX VIII – ADDRESS Ministry of Mines and Energy – MME Xxxxxxxxx xxx Xxxxxxxxxxx, Xxxxx X, Xxxx Xxxxxx Xxxxxxxx – Xxxxxxxx, XX, 00000-000 Xxxxxxx Xxxxxxxxxx Empresa Brasileira de Administração de Petróleo e Gás Natural S.A. – Pré-xxx Petróleo S.A. – PPSA XXXX Xxxxxx 00SBS Quadra 02, Xxxxxxxx Xxxxxxxx Office TowerBloco E, Edifício Prime, nº 206, sala 1404 (Registered Office) Brasília, XX, 00000-000 (xxxxxxxxx xxxxx xx xxxxxxxx) Xxxxxxxx – DF, CEP Avenida Rio Xxxxxxx Xxx Xxxxxx, nº 1, 4º andar, Centro (Main Office) Rio de Janeiro – RJXxx xx Xxxxxxx, CEP XX, 00000-000 National Agency of Petroleum, Natural Gas Gas, and Biofuels – ANP Avenida Rio Xxxxxx nº 65, 12º ao 22º andar, Centro Rio de Janeiro – RJXxx xx Xxxxxxx, 20090XX, 00000-004 000 Petróleo Brasileiro S.A. - Petrobras Av. República do Chile, nº 65, Centro Xxx xx Xxxxxxx, XX, 00000-000 [insert the Contracted Party’s corporate name of the Contractorname] [insert the Contracted Party’s full address of the Contractoraddress] ANNEX IX – LOCAL CONTENT COMMITMENT Minimum Local Content (%) Exploration Xxxxx 00 Xxxxxxxxxxx Xxxxx Construction of Well 25 Production Collection and Outflow System 40 Stationary Production Unit 25 ANNEX X – CONSORTIUM AGREEMENT CONSORTIUM AGREEMENT [name] REGARDING PRODUCTION SHARING AGREEMENT NoNO. _________________ [areas covered by the consortium] BASIN ______________ by and between Empresa Brasileira de Administração de Petróleo e Gás Natural S.A. – Pré-Xxx Petróleo S.A. – PPSA, Petróleo Brasileiro S.A. – PETROBRAS and _____________________________ Brasília – Brasília, DF ______________, 20__ CONSORTIUM AGREEMENT

Appears in 1 contract

Samples: Consortium Agreement

AutoNDA by SimpleDocs

AUDIT OF THE COST AND PROFIT OIL. The Operator shall keep available to the Manager, for ten (10) years after feeding them to the SGPP, all documents supporting the expenditures incurred. The Audit of the Cost and Profit Oil shall be performed by the Manager at any time, directly or through specialized consulting services, upon at least thirty (30)-day notice to the Operator. The maximum frequency for performing the Audit of the Cost and Profit Oil is at every five (5) years. The minimum frequency for performing the Audit of the Cost and Profit Oil is at every six one (61) yearsyear. Regarding expenditures previously recognized as Cost Oil, the Audit of the Cost and Profit Oil shall result in: reversal of expenditures improperly recognized; or final acceptance of the expenditures recognized. Regarding the Volume of Inspected Production, the Audit of the Cost and Profit Oil shall result in: adjustment of the Volume of Inspected Production improperly calculated; or final acceptance of the Volume of Inspected Production calculated. ANNEX VIII – ADDRESS Ministry of Mines and Energy – MME Xxxxxxxxx xxx Xxxxxxxxxxx, Xxxxx X, Xxxx Xxxxxx Xxxxxxxx – Xxxxxxxx, XX, 00000-000 Xxxxxxx Xxxxxxxxxx Empresa Brasileira de Administração de Petróleo e Gás Natural S.A. – Pré-xxx Petróleo S.A. – PPSA XXXX Xxxxxx 00SBS Quadra 02, Xxxxxxxx Xxxxxxxx Office TowerBloco E, Edifício Prime, nº 206, sala 1404 (Registered Office) Brasília, XX, 00000-000 (xxxxxxxxx xxxxx xx xxxxxxxx) Xxxxxxxx – DF, CEP Avenida Rio Xxxxxxx Xxx Xxxxxx, nº 1, 4º andar, Centro (Main Office) Rio de Janeiro – RJXxx xx Xxxxxxx, CEP XX, 00000-000 National Agency of Petroleum, Natural Gas Gas, and Biofuels – ANP Avenida Rio Xxxxxx nº 65, 12º ao 22º andar, Centro Rio de Janeiro – RJXxx xx Xxxxxxx, 20090XX, 00000-004 000 [insert the Contracted Party’s corporate name of the Contractorname] [insert the Contracted Party’s full address of the Contractoraddress] ANNEX IX – LOCAL CONTENT COMMITMENT Minimum Local Content (%) Exploration Xxxxx 00 Xxxxxxxxxxx Xxxxx Construction of Well 25 Production Collection and Outflow System 40 Stationary Production Unit 25 ANNEX X – CONSORTIUM AGREEMENT CONSORTIUM AGREEMENT [name] REGARDING PRODUCTION SHARING AGREEMENT NoNO. _________________ [areas covered by the consortium] BASIN ______________ by and between Empresa Brasileira de Administração de Petróleo e Gás Natural S.A. – Pré-Xxx Petróleo S.A. – PPSA, and _____________________________ Brasília – Brasília, DF ______________, 20__ CONSORTIUM AGREEMENT

Appears in 1 contract

Samples: Consortium Agreement

AUDIT OF THE COST AND PROFIT OIL. The Operator shall keep available to the Manager, for ten (10) years after feeding them to the SGPP, all documents supporting the expenditures incurred. The Audit of the Cost and Profit Oil shall be performed by the Manager at any time, directly or through specialized consulting services, upon at least thirty (30)-day notice to the Operator. The maximum frequency for performing the Audit of the Cost and Profit Oil is at every five (5) years. The minimum frequency for performing the Audit of the Cost and Profit Oil is at every six (6) years. Regarding expenditures previously recognized as Cost Oil, the Audit of the Cost and Profit Oil shall result in: reversal of expenditures improperly recognized; or final acceptance of the expenditures recognized. Regarding the Volume of Inspected Production, the Audit of the Cost and Profit Oil shall result in: adjustment of the Volume of Inspected Production improperly calculated; or final acceptance of the Volume of Inspected Production calculated. ANNEX VIII VI ADDRESS Ministry COST OIL RECOVERY LIMIT AND PROFIT OIL SHARING PERCENTAGE During the Production Phase, the Contracted Party shall, every month, receive the Production share corresponding to the Cost Oil, observing the limit of Mines and Energy – MME Xxxxxxxxx xxx Xxxxxxxxxxx, Xxxxx X, Xxxx Xxxxxx Xxxxxxxx – XX, 00000-000 Xxxxxxx Xxxxxxxxxx de Administração de Petróleo e Gás Natural S.A. – Pré-xxx Petróleo S.A. – PPSA XXXX Xxxxxx 00, Xxxxxxxx Xxxxxxxx Office Tower, sala 000 (xxxxxxxxx xxxxx xx xxxxxxxx) Xxxxxxxx – DF, CEP Avenida Rio Xxxxxx, nº 1, 4º andar, Centro (Main Office) Rio de Janeiro – RJ, CEP National Agency of Petroleum, Natural Gas and Biofuels – ANP Avenida Rio Xxxxxx nº 65, 12º ao 22º andar, Centro Rio de Janeiro – RJ, 20090-004 [insert the corporate name number in words] percent ([insert number] %) of the Contractor] [insert the full address Gross Production Value of the Contractor] ANNEX IX – LOCAL CONTENT COMMITMENT Minimum Local Content Production Sharing Agreement. Federal Government's Profit Oil Share (%) Exploration Xxxxx 00 Xxxxxxxxxxx Xxxxx Construction of Production per Producing Well 25 Production Collection (bbl/d) Barrel price (US$/bbl) <Prod1 Between Prod1 and Outflow System 40 Stationary Production Unit 25 Prod2 Between Prod3 and Prod4 > Prod4 < P1 Between P1 and P2 Between P2 and P3 Between P3 and P4 >P4 ANNEX X VII – CONSORTIUM AGREEMENT CONSORTIUM AGREEMENT [name] REGARDING THE TRANSFER OF RIGHTS SURPLUS PRODUCTION SHARING AGREEMENT No. _________________ [areas covered by the consortium] BASIN ______________ between Empresa Brasileira de Administração de Petróleo e Gás Natural S.A. – Pré-Xxx Petróleo Xxxxxxxx S.A. – PPSA, and _____________________________ Brasília – DF ____________ ____ , 20__ CONSORTIUM AGREEMENT

Appears in 1 contract

Samples: Consortium Agreement

AUDIT OF THE COST AND PROFIT OIL. The Operator shall keep available to the Manager, for ten (10) years after feeding them to the SGPP, all documents supporting the expenditures incurred. The Audit of the Cost and Profit Oil shall be performed by the Manager at any time, directly or through specialized consulting services, upon at least thirty (30)-day notice to the Operator. The maximum frequency for performing the Audit of the Cost and Profit Oil is at every five (5) years. The minimum frequency for performing the Audit of the Cost and Profit Oil is at every six one (61) yearsyear. Regarding expenditures previously recognized as Cost Oil, the Audit of the Cost and Profit Oil shall result in: reversal of expenditures improperly recognized; or final acceptance of the expenditures recognized. Regarding the Volume of Inspected Production, the Audit of the Cost and Profit Oil shall result in: adjustment of the Volume of Inspected Production improperly calculated; or final acceptance of the Volume of Inspected Production calculated. ANNEX VIII XXXXX XXXX – ADDRESS Ministry of Mines and Energy – MME Xxxxxxxxx xxx XxxxxxxxxxxEsplanada dos Ministérios, Xxxxx XBloco U, Xxxx Xxxxxx Xxxxxxxx – XXZona Cívica Brasília, 00000DF, 70065-000 Xxxxxxx Xxxxxxxxxx 900 Empresa Brasileira de Administração de Petróleo e Gás Natural S.A. – Pré-xxx Petróleo S.A. – PPSA XXXX Xxxxxx 00SBS Quadra 02, Xxxxxxxx Xxxxxxxx Office TowerBloco E, Edifício Prime, nº 206, sala 000 1404 (xxxxxxxxx xxxxx xx xxxxxxxxRegistered Office) Xxxxxxxx – Brasília, DF, CEP Avenida Rio 70070-120 Xxxxxxx Xxx Xxxxxx, nº 1, 4º andar, Centro (Main Office) Rio de Janeiro – Janeiro, RJ, CEP 20090-003 National Agency of Petroleum, Natural Gas Gas, and Biofuels – ANP Avenida Rio Xxxxxxx Xxx Xxxxxx xx 65, 12º ao 22º andar, Centro Rio de Janeiro – Janeiro, RJ, 20090-004 Petróleo Brasileiro S.A. - Petrobras Av. República do Chile, nº 65, Centro Rio de Janeiro, RJ, 20031-912 [insert the Contracted Party’s corporate name of the Contractorname] [insert the Contracted Party’s full address of the Contractoraddress] ANNEX IX – LOCAL CONTENT COMMITMENT Minimum (Insert Local Content (%commitment of the adjacent Exploration and Production Contract) Exploration Xxxxx 00 Xxxxxxxxxxx Xxxxx Construction of Well 25 Production Collection and Outflow System 40 Stationary Production Unit 25 ANNEX X – CONSORTIUM AGREEMENT CONSORTIUM AGREEMENT [name] REGARDING PRODUCTION SHARING AGREEMENT NoNO. _________________ [areas covered by the consortium] BASIN ______________ by and between Empresa Brasileira de Administração de Petróleo e Gás Natural S.A. – Pré-Xxx Petróleo S.A. – PPSA, Petróleo Brasileiro S.A. – PETROBRAS and _____________________________ Brasília – Brasília, DF ______________, 20__ CONSORTIUM AGREEMENT

Appears in 1 contract

Samples: Consortium Agreement

AUDIT OF THE COST AND PROFIT OIL. The Operator shall keep available to the Manager, for ten (10) years after feeding them to the SGPP, all documents supporting the expenditures incurred. The Audit of the Cost and Profit Oil shall be performed by the Manager at any time, directly or through specialized consulting services, upon at least thirty (30)-day notice to the Operator. The maximum frequency for performing the Audit of the Cost and Profit Oil is at every five (5) years. The minimum frequency for performing the Audit of the Cost and Profit Oil is at every six (6) years. Regarding expenditures previously recognized as Cost Oil, the Audit of the Cost and Profit Oil shall result in: reversal of expenditures improperly recognized; or final acceptance of the expenditures recognized. Regarding the Volume of Inspected Production, the Audit of the Cost and Profit Oil shall result in: adjustment of the Volume of Inspected Production improperly calculated; or final acceptance of the Volume of Inspected Production calculated. ANNEX VIII – ADDRESS Ministry of Mines and Energy – MME Xxxxxxxxx xxx Xxxxxxxxxxx, Xxxxx X, Xxxx Xxxxxx Xxxxxxxx – XX, 00000-000 Xxxxxxx Xxxxxxxxxx de Administração de Petróleo e Gás Natural S.A. – Pré-xxx Petróleo S.A. – PPSA XXXX Xxxxxx 00, Xxxxxxxx Xxxxxxxx Office Tower, sala 000 (xxxxxxxxx xxxxx xx xxxxxxxx) Xxxxxxxx – DFXX, CEP Avenida Rio 00000-000 Xxxxxxx Xxx Xxxxxx, nº 1, 4º andar, Centro (Main Office) Rio de Janeiro – RJ, CEP 20090-003 National Agency of Petroleum, Natural Gas and Biofuels – ANP Avenida Rio Xxxxxx nº 65, 12º ao 22º andar, Centro Rio de Janeiro – RJXX, 2009000000-004 000 Xxxxxxxx Xxxxxxxxxx S.A. - Petrobras Av. República do Chile, nº 65, Centro Xxx xx Xxxxxxx, XX, 00000-000 [insert the corporate name of the Contractor] [insert the full address of the Contractor] ANNEX IX – LOCAL CONTENT COMMITMENT Minimum Local Content (%) Exploration Xxxxx 00 Xxxxxxxxxxx Xxxxx Construction of Well 25 Production Collection and Outflow System 40 Stationary Production Unit 25 [insert the percentual for Southwestern Tartaruga Verde’ Block] ANNEX X – CONSORTIUM AGREEMENT CONSORTIUM AGREEMENT [name] REGARDING PRODUCTION SHARING AGREEMENT No. _________________ [areas covered by the consortium] BASIN ______________ between Empresa Brasileira de Administração de Petróleo e Gás Natural S.A. – Pré-Xxx Petróleo S.A. – PPSA, Petróleo Brasileiro S.A. – PETROBRAS and _____________________________ Brasília – DF ______________, 20__ CONSORTIUM AGREEMENT

Appears in 1 contract

Samples: Consortium Agreement

AUDIT OF THE COST AND PROFIT OIL. The Operator shall keep available to the Manager, for ten (10) years after feeding them to the SGPP, all documents supporting the expenditures incurred. The Audit of the Cost and Profit Oil shall be performed by the Manager at any time, directly or through specialized consulting services, upon at least thirty (30)-day notice to the Operator. The maximum frequency for performing the Audit of the Cost and Profit Oil is at every five (5) years. The minimum frequency for performing the Audit of the Cost and Profit Oil is at every six one (61) yearsyear. Regarding expenditures previously recognized as Cost Oil, the Audit of the Cost and Profit Oil shall result in: reversal of expenditures improperly recognized; or final acceptance of the expenditures recognized. Regarding the Volume of Inspected Production, the Audit of the Cost and Profit Oil shall result in: adjustment of the Volume of Inspected Production improperly calculated; or final acceptance of the Volume of Inspected Production calculated. ANNEX VIII XXXXX XXXX – ADDRESS Ministry of Mines and Energy – MME Xxxxxxxxx xxx Xxxxxxxxxxx, Xxxxx X, Xxxx Xxxxxx Xxxxxxxx – Xxxxxxxx, XX, 00000-000 Xxxxxxx Xxxxxxxxxx Empresa Brasileira de Administração de Petróleo e Gás Natural S.A. – Pré-xxx Petróleo S.A. – PPSA XXXX Xxxxxx 00SBS Quadra 02, Xxxxxxxx Xxxxxxxx Office TowerBloco E, Edifício Prime, nº 206, sala 1404 (Registered Office) Brasília, XX, 00000-000 (xxxxxxxxx xxxxx xx xxxxxxxx) Xxxxxxxx – DF, CEP Avenida Rio Xxxxxxx Xxx Xxxxxx, nº 1, 4º andar, Centro (Main Office) Rio de Janeiro – RJXxx xx Xxxxxxx, CEP XX, 00000-000 National Agency of Petroleum, Natural Gas Gas, and Biofuels – ANP Avenida Rio Xxxxxx nº 65, 12º ao 22º andar, Centro Rio de Janeiro – RJXxx xx Xxxxxxx, 20090XX, 00000-004 000 Petróleo Brasileiro S.A. - Petrobras Av. República do Chile, nº 65, Centro Xxx xx Xxxxxxx, XX, 00000-000 [insert the Contracted Party’s corporate name of the Contractorname] [insert the Contracted Party’s full address of the Contractoraddress] ANNEX IX – LOCAL CONTENT COMMITMENT Minimum Local Content (%) Exploration Xxxxx 00 Xxxxxxxxxxx Xxxxx Construction of Well 25 Production Collection and Outflow System 40 Stationary Production Unit 25 ANNEX X – CONSORTIUM AGREEMENT CONSORTIUM AGREEMENT [name] REGARDING PRODUCTION SHARING AGREEMENT NoNO. _________________ [areas covered by the consortium] BASIN ______________ by and between Empresa Brasileira de Administração de Petróleo e Gás Natural S.A. – Pré-Xxx Petróleo Xxxxxxxx S.A. – PPSA, Petróleo Brasileiro S.A. – PETROBRAS and _____________________________ Brasília – Brasília, DF ______________, 20__ CONSORTIUM AGREEMENT

Appears in 1 contract

Samples: Consortium Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.