Common use of Calculation of Domestic Supply Obligation Clause in Contracts

Calculation of Domestic Supply Obligation. (a) The Contractor’s obligation to supply Crude Oil and Natural Gas for domestic purposes shall be calculated in any Calendar Year as follows: (i) The total quantity of Crude Oil or Natural Gas produced from the Contract Area is multiplied by a fraction the numerator of which is the total quantity of Crude Oil or Natural Gas to be supplied pursuant to Article 11.1 and the denominator is the entire Timor-Leste production of Crude Oil or Natural Gas from all Contract Areas; (ii) Twenty-five (25) percent of the total quantity of Crude Oil or Natural Gas produced from the Contract Area is calculated; (iii) The lower quantity computed under either Article 11.2(a)(i) or Article 11.2 (a)(ii) is multiplied by the percentage of production from the Contract Area to which the Contractors are entitled as provided under Article 9 of this Contract. (b) The quantity of Crude Oil or Natural Gas computed under Article 11.2(a)(iii) shall be the maximum quantity to be supplied by the Contractor in any Calendar Year pursuant to this Article. Deficiencies, if any, shall not be carried forward to any subsequent Calendar Year. If for any Calendar Year, Recoverable Costs exceed the difference of total sales proceeds from Crude Oil or Natural Gas produced and saved hereunder minus the royalty as provided under Article 9.1(a)(i) hereof, the Contractor shall be relieved from this supply obligation for such Calendar Year. (c) The price at which such Crude Oil or Natural Gas shall be delivered and sold under this Article 11 shall be the price as determined in accordance with Applicable Law on onshore of Petroleum Operations. (d) The Contractor shall not be obliged to transport such Crude Oil or Natural Gas beyond the Field Export Point, but upon request by the Ministry, the Contractor shall assist in arranging transportation and such assistance shall be without cost or risk to the Contractor.

Calculation of Domestic Supply Obligation. (a) The Contractor’s ’ obligation to supply Crude Oil and Natural Gas gas for domestic purposes shall be calculated in any Calendar Year as follows: (i) The the total quantity of Crude Oil or Natural Gas natural gas produced from the Contract Area is multiplied by a fraction the numerator of which is the total quantity of Crude Oil or Natural Gas gas to be supplied pursuant to Article 11.1 paragraph 11.1(a) and the denominator is the entire Timor-Leste production of Crude Oil or Natural Gas gas from all Contract Areas; (ii) Twentytwenty-five (25) percent of the total quantity of Crude Oil or Natural Gas produced from the Contract Area is calculated; (iii) The the lower quantity computed under either Article paragraph 11.2(a)(i) or Article paragraph 11.2 (a)(iia) (ii) is multiplied by the percentage of production from the Contract Area to which the Contractors Contractor are entitled as provided under Article 9 of this Contract. (b) The quantity of Crude Oil or Natural Gas gas computed under Article paragraph 11.2(a)(iii) shall be the maximum quantity to be supplied by the Contractor in any Calendar Year pursuant to this Article. Deficiencies, if any, shall not be carried forward to any subsequent Calendar Year. If for any Calendar Year, Recoverable Costs exceed the difference of total sales proceeds from Crude Oil or Natural Gas gas produced and saved hereunder minus the royalty as provided under Article paragraph 9.1(a)(i) hereof, the Contractor shall be relieved from this supply obligation for such Calendar Year. (c) The price at which such Crude Oil or Natural Gas gas shall be delivered and sold under this Article 11 shall be the price as determined in accordance with Applicable Law on onshore of Petroleum Operationsthe Regulation Chapter 14. (d) The Contractor shall not be obliged to transport such Crude Oil or Natural Gas beyond the Field Export Point, but upon request by the Ministry, the Contractor shall assist in arranging transportation and such assistance shall be without cost or risk to the Contractor.

Calculation of Domestic Supply Obligation. (a) The Contractor’s Contractors’ obligation to supply Crude Oil and Natural Gas for domestic purposes shall be calculated in any Calendar Year as follows: (i) The the total quantity of Crude Oil or Natural Gas produced from the Contract Area is multiplied by a fraction the numerator of which is the total quantity of Crude Oil or Natural Gas to be supplied pursuant to Article 11.1 9.1. (a) and the denominator is the entire Timor-Leste production of Crude Oil or Natural Gas from all Contract Areas; (ii) Twentytwenty-five (25) percent of the total quantity of Crude Oil or Natural Gas produced from the Contract Area is calculated; (iii) The the lower quantity computed under either Article 11.2(a)(isub-paragraph 9.2(a)(í) or Article 11.2 (a)(iisub-paragraph 9.2a(ii) is multiplied by the percentage of production from the Contract Area to which the Contractors are entitled as provided under Article 9 7 of this ContractAgreement. (b) The quantity of Crude Oil or Natural Gas computed under Article 11.2(a)(iiisub-paragraph 9.2(a)(iii) shall be the maximum quantity to be supplied by the Contractor Contractors in any Calendar Year pursuant to this Article. Deficiencies, if any, shall not be carried forward to any subsequent Calendar Year. If for any Calendar Year, Recoverable Costs exceed the difference of total sales proceeds from Crude Oil or Natural Gas produced and saved hereunder minus the royalty as provided under Article 9.1(a)(i7.1(a)(i) hereof, the Contractor Contractors shall be relieved from this supply obligation for such Calendar Year. (c) The price at which such Crude Oil or Natural Gas shall be delivered and sold under this Article 11 shall be the price as determined in accordance with Applicable Law on onshore of Petroleum Operationsunder Section 10.2. (d) The Contractor Contractors shall not be obliged to transport such Crude Oil or Natural Gas beyond the Field Export Point, but upon request by the Ministry, the Contractor Contractors shall assist in arranging transportation and such assistance shall be without cost or risk to the ContractorContractors.

Calculation of Domestic Supply Obligation. (a) The Contractor’s Contractors’ obligation to supply Crude Oil and Natural Gas for domestic purposes shall be calculated in any Calendar Year as follows: (i) The the total quantity of Crude Oil or Natural Gas produced from the Contract Area is multiplied by a fraction the numerator of which is the total quantity of Crude Oil or Natural Gas to be supplied pursuant to Article 11.1 9.1. (a) and the denominator is the entire Timor-Leste production of Crude Oil or Natural Gas from all Contract Areas; (ii) Twentytwenty-five (25) percent of the total quantity of Crude Oil or Natural Gas produced from the Contract Area is calculated; (iii) The the lower quantity computed under either Article 11.2(a)(isub-paragraph 9.2(a)(i) or Article 11.2 (a)(iisub-paragraph 9.2a(ii) is multiplied by the percentage of production from the Contract Area to which the Contractors are entitled as provided under Article 9 7 of this ContractAgreement. (b) The quantity of Crude Oil or Natural Gas computed under Article 11.2(a)(iiisub-paragraph 9.2(a)(iii) shall be the maximum quantity to be supplied by the Contractor Contractors in any Calendar Year pursuant to this Article. Deficiencies, if any, shall not be carried forward to any subsequent Calendar Year. If for any Calendar Year, Recoverable Costs exceed the difference of total sales proceeds from Crude Oil or Natural Gas produced and saved hereunder minus the royalty as provided under Article 9.1(a)(i7.1(a)(i) hereof, the Contractor Contractors shall be relieved from this supply obligation for such Calendar Year. (c) The price at which such Crude Oil or Natural Gas shall be delivered and sold under this Article 11 shall be the price as determined in accordance with Applicable Law on onshore of Petroleum Operationsunder Section 10.2. (d) The Contractor Contractors shall not be obliged to transport such Crude Oil or Natural Gas beyond the Field Export Point, but upon request by the Ministry, the Contractor Contractors shall assist in arranging transportation and such assistance shall be without cost or risk to the ContractorContractors.

Calculation of Domestic Supply Obligation. (a) The Contractor’s obligation to supply Crude Oil and Natural Gas for domestic purposes shall be calculated in any Calendar Year as follows: (i) The the total quantity of Crude Oil or Natural Gas produced from the Contract Area is multiplied by a fraction fraction, the numerator of which is the total quantity of Crude Oil or Natural Gas to be supplied pursuant to Article 11.1 and the denominator is the entire whole Timor-Leste production of Crude Oil or Natural Gas from all Contract Areascontract areas; (ii) Twentytwenty-five percent (25%) percent of the total quantity of Crude Oil or Natural Gas produced from the Contract Area is calculated;; and (iii) The the lower quantity computed under either Article 11.2(a)(i) or Article 11.2 (a)(ii) above is multiplied by the percentage of production from the Contract Area to which the Contractors are entitled Contractor is entitled, as provided under set forth in Article 9 of this Contract. (b) The quantity of Crude Oil or Natural Gas computed under Article 11.2(a)(iii) above shall be the maximum quantity to be supplied by the Contractor in any Calendar Year pursuant to this Article. Deficiencies, if any, shall not be carried forward to any subsequent Calendar Year. If for any Calendar Year, Recoverable Costs exceed the difference of total sales proceeds from Crude Oil or Natural Gas produced and saved hereunder minus the royalty ANPM’s first shares of Petroleum as provided under in Article 9.1(a)(i9.1(a) hereof, the Contractor shall be relieved from this supply obligation for such Calendar Year. (c) The price at which such Crude Oil or Natural Gas shall be delivered and sold under this Article 11 shall be the price as determined in accordance with the Applicable Law on onshore of Petroleum Operationsin Timor-Leste. (d) The Contractor shall not be obliged required to transport such Crude Oil or Natural Gas beyond the Field Export Point, but upon request by the MinistryANPM, the Contractor shall assist in arranging transportation and such assistance shall be without cost or risk to the Contractor.

Calculation of Domestic Supply Obligation. (a) The Contractor’s ’ obligation to supply Crude Oil and Natural Gas for domestic purposes shall be calculated in any Calendar Year as follows: (i) The the total quantity of Crude Oil or Natural Gas produced from the Contract Area is multiplied by a fraction the numerator of which is the total quantity of Crude Oil or Natural Gas to be supplied pursuant to Article 11.1 paragraph 9.1(a) and the denominator is the entire Timor-Leste production of Crude Oil or Natural Gas from all Contract Areas; (ii) Twentytwenty-five (25) percent of the total quantity of Crude Oil or Natural Gas produced from the Contract Area is calculated; (iii) The the lower quantity computed under either Article 11.2(a)(iparagraph 9.2(a)(i) or Article 11.2 (a)(iiparagraph 9.2a(ii) is multiplied by the percentage of production from the Contract Area to which the Contractors Contractor are entitled as provided under Article 9 7 of this ContractAgreement. (b) The quantity of Crude Oil or Natural Gas computed under Article 11.2(a)(iiiparagraph 9.2(a)(iii) shall be the maximum quantity to be supplied by the Contractor in any Calendar Year pursuant to this Article. Deficiencies, if any, shall not be carried forward to any subsequent Calendar Year. If for any Calendar Year, Recoverable Costs exceed the difference of total sales proceeds from Crude Oil or Natural Gas produced and saved hereunder minus the royalty as provided under Article 9.1(a)(iparagraph 7.1(a)(i) hereof, the Contractor shall be relieved from this supply obligation for such Calendar Year. (c) The price at which such Crude Oil or Natural Gas shall be delivered and sold under this Article 11 9 shall be the price as determined in accordance with Applicable Law on onshore of Petroleum Operationsunder Section 10.2. (d) The Contractor shall not be obliged to transport such Crude Oil or Natural Gas beyond the Field Export Point, but upon request by the MinistryANP, the Contractor shall assist in arranging transportation and such assistance shall be without cost or risk to the Contractor.

Calculation of Domestic Supply Obligation. (a) The Contractor’s obligation to supply Crude Oil and Natural Gas for domestic purposes shall be calculated in any Calendar Year as follows: (i) The the total quantity of Crude Oil or Natural Gas produced from the Contract Area is multiplied by a fraction fraction, the numerator of which is the total quantity of Crude Oil or Natural Gas to be supplied pursuant to Article 11.1 and the denominator is the entire whole Timor-Leste production of Crude Oil or Natural Gas from all Contract Areascontract areas; (ii) Twenty-twenty five percent (25%) percent of the total quantity of Crude Oil or Natural Gas produced from the Contract Area is calculated;; and (iii) The the lower quantity computed under either Article 11.2(a)(i) or Article 11.2 (a)(ii) above is multiplied by the percentage of production from the Contract Area to which the Contractors are entitled Contractor is entitled, as provided under set forth in Article 9 of this Contract. (b) The quantity of Crude Oil or Natural Gas computed under Article 11.2(a)(iii) shall be the maximum quantity to be supplied by the Contractor in any Calendar Year pursuant to this Article. Deficiencies, if any, shall not be carried forward to any subsequent Calendar Year. If for any Calendar Year, Recoverable Costs exceed the difference of total sales proceeds from Crude Oil or Natural Gas produced and saved hereunder minus the royalty ANPM’s first shares of Petroleum as provided under in Article 9.1(a)(i9.1(a) hereof, the Contractor shall be relieved from this supply obligation for such Calendar Year. (c) The price at which such Crude Oil or Natural Gas shall be delivered and sold under this Article 11 shall be the price as determined in accordance with Applicable Law on onshore the provision set forth in Articles 111 to 114 of Petroleum Operationsthe Decree-Law, as applicable. (d) The Contractor shall not be obliged to transport such Crude Oil or Natural Gas beyond the Field Export Point, but upon request by the Ministry, the Contractor shall assist in arranging transportation and such assistance shall be without cost or risk to the Contractor.