Common use of Consumption in the Operations Clause in Contracts

Consumption in the Operations. The Consortium Members may use, as fuel in the Operations, Oil and Gas produced in the Contract Area, as long as 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 counted for purposes of calculation of the Royalties provided for in Section Six. 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 upon their obtainment 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. As for Extended Well Tests, the information shall be submitted to ANP in accordance with the frequency established in the approved Discovery Assessment Plans. The Production and transportation arising from Extended Well Tests and Early Production Systems shall be reported through the monthly Production Report. The Cost Oil for the Extended Well Tests shall be recovered only in case of Commercial Discovery. Royalties are payable due to the Production of Oil and Gas arising from Extended Well Tests. The original acquisition by the Contracted Party of the Production volume corresponding to the due Royalties, in case of Extended Well Tests, shall occur in the Production Phase, as the case may be. Oil and Gas losses under the responsibility of the Contracted Party, as well as burning of Natural Gas in flares, shall be deducted from the share of the Profit Oil to which the Contracted Party is entitled after the Production Sharing. Burning of Natural Gas in flares shall only be allowed for reasons of safety, emergency, and commissioning, and the maximum volume is specified pursuant to the Applicable Laws and Regulations.

Consumption in the Operations. The Consortium Members may useuse as fuel, as fuel in the Operations, Oil and Gas produced in the Contract Area, as long as 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 Operations and the purpose of its use. The Consortium Members shall include such information in the monthly Monthly Production reportsReports. The volumes of Oil and Gas consumed in the Operations shall be counted calculated for purposes of calculation of the Royalties provided for in Section Six. 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 upon after their obtainment obtaining or completion, completion or within the term defined in the Applicable Laws and Regulations. Information shall also contemplate the volumes of Oil, Gas, and water produced. As for For Extended Well Tests, the information shall be submitted to ANP in accordance with the frequency established in the approved Discovery Assessment Plans. The Production and transportation arising from Extended Well Tests and Early Production Systems shall be reported through the monthly Production Report. The Cost Oil for the Extended Well Tests shall be recovered only in case of Commercial Discovery. Royalties are payable due to the Production of Oil and Gas arising from Extended Well Tests. The original acquisition by the Contracted Party Contractor of the Production volume corresponding to the due Royalties, in case of Extended Well Tests, shall occur in the Production Phase, as the case may be. Oil and Gas losses occurred under the responsibility of the Contracted PartyContractor, as well as burning of Natural Gas in flares, shall be deducted from the share of the Profit Oil to which the Contracted Party Contractor is entitled after the Production Sharing. Burning of Natural Gas in flares shall only be allowed for reasons of safety, emergency, and commissioning, and the maximum volume is specified pursuant to in the Applicable Laws and Regulations.

Consumption in the Operations. The Consortium Members may use, as fuel in the Operations, Oil and Gas produced in the Contract Area, as long as 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 counted for purposes of calculation of the Royalties provided for in Section Six. 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 upon their obtainment 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. As for Extended Well Tests, the information shall be submitted to ANP in accordance with the frequency established in the approved Discovery Assessment Plans. The Production and transportation arising from Extended Well Tests and Early Production Systems shall be reported through the monthly Production Report. The Cost Oil for the Extended Well Tests shall be recovered only in case of Commercial Discovery. Royalties are payable due to the Production of Oil and Gas arising from Extended Well Tests. The original acquisition by the Contracted Party of the Production volume corresponding to the due Royalties, in case of Extended Well Tests, shall occur in the Production Phase, as the case may be. Oil and Gas losses under the responsibility of the Contracted Party, as well as burning of Natural Gas in flares, shall be deducted from the share of the Profit Oil to which the Contracted Party is entitled after the Production Sharing. Burning of Natural Gas in flares shall only be allowed for reasons of safety, emergency, and commissioning, and the maximum volume is specified pursuant to the Applicable Laws and Regulations. Pursuant to CNPE Resolution No. 02/2019, the Contracted Parties, the Assignee, and the Manager, as intervening consenting party, shall enter into a Co-participation Agreement, considering the rules established in MME Ordinance No. XX/XXX. The procedure of Individualization of Production of Oil and Gas shall be initiated under the Applicable Laws and Regulations when it is identified that a Deposit extends beyond the Contract Area. The Manager shall sign the Production Individualization Agreement as an intervening consenting party, except for in case of article 4, IV, of Law No. 12,304/2010.