Common use of Contract Awards Clause in Contracts

Contract Awards. Subject to the Contract and any Applicable Law: ----------------- (A) For contracts equal to or less than U.S. Dollars Two Hundred Fifty Thousand (US $250,000.00), Operator shall award each contract for approved Joint Operations to the best qualified contractor as determined by cost and ability to perform the contract, without the obligation to tender for bids and without informing or seeking the approval of the Operating Committee; except that before entering into contracts with Affiliates of the Operator exceeding U.S. Dollars Fifty Thousand (US $50,000.00), Operator shall obtain the approval of the Operating Committee. (B) For contracts greater than U.S. Dollars Two Hundred Fifty Thousand (US $250,000.00) and equal to or less than U.S. Dollars One Million (US $1,000,000.00), Operator shall follow a competitive bid process in accordance with Operator's internal regulations, the Contract and Applicable Law, and inform the Non-Operators of the entity to be awarded the contract, and upon the request of a Party, provide such Party with a copy of the tender documents and the final version of the contract. (C) For contracts greater than U.S. Dollars One Million (US $1,000,000.00), Operator shall: (1) Provide the Parties with a list of the entities whom Operator proposes to invite to tender for the said contract; (2) Add to such list any entity whom a Party requests to be added within seven (7) Days of receipt of such list; (3) Prepare and dispatch the tender documents to the entities on the list as aforesaid and to Non-Operators; (4) After the expiration of the period allowed for tendering, consider and analyze the details of all bids received; (5) Prepare and circulate to the Parties a competitive bid analysis, stating Operator's recommendation as to whom the contract should be awarded, the reasons therefor, and the technical, commercial and contractual terms to be agreed upon; (6) Obtain the approval of the Operating Committee to the recommended contract award as provided under Section 5.9; and (7) Upon the request of a Party, provide such Party with a copy of the final version of the contract.

Contract Awards. Subject to the Contract and any Applicable Law: ----------------- (A) For contracts equal to or less than U.S. Dollars Two Hundred Fifty Thousand (US $250,000.00), Operator shall award each contract for approved Joint Operations on the following basis (the amounts stated are in thousands of US dollars): Procedure A Procedure B Procedure C Exploration and Appraisal Operations $0 to $500 $500 to $1,500 >$1,500 Development Operations $0 to $1,000 $1,000 to $4,000 >$4,000 Production Operations $0 to $500 $500 to $2,500 >$2,500 Procedure A Operator shall award the contract to the best qualified contractor as determined by cost and ability to perform the contract, contract without the obligation to tender for bids and without informing or seeking the approval of the Operating Committee; Operations Management Board, except that before entering into contracts with Affiliates of the Operator exceeding U.S. Dollars Fifty Thousand one hundred thousand US dollars (US $50,000.00100,000 USD), Operator shall obtain the approval of the Operating Committee. (B) For contracts greater than U.S. Dollars Two Hundred Fifty Thousand (US $250,000.00) and equal to or less than U.S. Dollars One Million (US $1,000,000.00), Operator shall follow a competitive bid process in accordance with Operator's internal regulations, the Contract and Applicable Law, and inform the Non-Operators of the entity to be awarded the contract, and upon the request of a Party, provide such Party with a copy of the tender documents and the final version of the contract. (C) For contracts greater than U.S. Dollars One Million (US $1,000,000.00), Operations Management Board. Procedure B Operator shall: (1a) Provide provide the Parties with a list of the entities whom Operator proposes to invite to tender for the said contract; (2b) Add add to such list any entity whom a Party requests to be added within seven fourteen (714) Days of receipt of such list; (3c) Prepare complete the tendering process within a reasonable period of time; (d) inform the Parties of the entities to whom the contract has been awarded, provided that before awarding contracts to Affiliates of the Operator which exceed two hundred fifty thousand US dollars (250,000 USD), Operator shall obtain the approval of the Operations Management Board; (e) circulate to the Parties a competitive bid analysis stating the reasons for the choice made; and (f) Upon the request of a Party, provide such Party with a copy of the final version of the contract awarded. Procedure C Operator shall: (a) provide the Parties with a list of the entities whom Operator proposes to invite to tender for the said contract; (b) add to such list any entity whom a Party requests to be added within fourteen (14) Days of receipt of such list; (c) prepare and dispatch the tender documents to the entities on the list as aforesaid and to Non-Operators; (4d) After after the expiration of the period allowed for tendering, consider and analyze analyse the details of all bids received; (5e) Prepare prepare and circulate to the Parties a competitive bid analysis, stating Operator's ’s recommendation as to the entity to whom the contract should be awarded, the reasons therefortherefore, and the technical, commercial and contractual terms to be agreed upon; (6f) Obtain obtain the approval of the Operating Committee Operations Management Board to the recommended contract award as provided under Section 5.9bid; and (7g) Upon upon the request of a Party, provide such Party with a copy of the final version of the contract.

Contract Awards. Subject to the Contract and any Applicable Law: ----------------- (A) For contracts equal to or less than U.S. Dollars Two Hundred Fifty Thousand (US $250,000.00), Operator shall award each contract for approved Joint Operations tendered or placed by Operator on the following basis: West Xxxxxx XXX 20F 1) For contracts in amounts less than or equal to two hundred thousand ($200,000) Dollars (U.S.) Operator shall award the contract to the best qualified contractor as determined by cost and ability to perform the contract, contract without the obligation to tender for bids and without informing or seeking the approval of the Operating Committee; , except that before entering into contracts with Affiliates of the Operator exceeding U.S. Dollars Fifty Thousand (US $50,000.00)Operator, Operator shall obtain the approval of the Operating Committee. (B) For contracts greater than U.S. Dollars Two Hundred Fifty Thousand (US $250,000.00) and equal to or less than U.S. Dollars One Million (US $1,000,000.00). If requested by any Party, Operator shall follow a competitive bid process in accordance with Operator's internal regulations, circulate to the Contract and Applicable Law, and inform the Non-Operators of the entity to be awarded the contract, and upon the request of a Party, provide such Party with Parties a copy of the tender documents and the final version of the contractcontract awarded. (C2) For contracts anticipated to be in an amount greater than U.S. two hundred thousand ($200,000) Dollars One Million (US $1,000,000.00), U.S.) Operator shall: (1a) Provide the Parties with a list of the entities whom Operator proposes to invite to tender for the said contract; (2b) Add to such list any entity whom a Party requests to be added within seven fourteen (714) Days of receipt of such list; (3c) Prepare and dispatch the tender documents to the entities on the list as aforesaid and to Non-Operators; (4d) After the expiration of the period allowed for tendering, consider and analyze the details of all bids received; (5e) Prepare and circulate to the Parties a competitive bid analysis, stating Operator's recommendation determination as to the entity to whom the contract should be awarded, the reasons therefortherefore, and the technical, commercial and contractual terms to be agreed upon; (6) Obtain the approval of the Operating Committee to the recommended contract award as provided under Section 5.9; and (71) Upon the request of a Party, provide such Party with a copy of the final version of the contract. 3) For contracts in amounts greater than five hundred thousand ($500,000) Dollars (U.S.), Operator shall obtain Operating Committee approval of its award recommendation. B) Notwithstanding the above, Operator shall comply with all applicable rules, procedures, decrees and regulations regarding tendering for and awarding of contracts, services and importation of equipment, materials and consumables as required from time to time by EGPC. Approval of the Operating Committee shall be required if Operator proposes to not comply with such EGPC tender and award rules in respect of any contract, service or materials with a value in excess of fifty thousand ($50,000) Dollars (U.S.). C) Operator undertakes to use all reasonable efforts to require Operating Company to submit contracts to tender in compliance with the internal rules and regulations of the Operating Company and EGPC policies or practice. Operator shall use all reasonable efforts to require the Operating Company to competitively tender for all purchases of materials or equipment and hiring of services or equipment with a value estimated to exceed fifty thousand ($50,000) Dollars (U.S.). In all purchases of materials or equipment and hiring of services or equipment, it is understood that Operating Company or Operator, as the case may be, are subject to the provisions regarding use of local contractors and supplies set out in Article XXVI of the Concession. If Operating Company estimates a contract value will exceed five hundred thousand ($500,000) Dollars (U.S.), Operator shall provide each Party with a list of the proposed bidders and each Party shall have the right to make suggestions for inclusion on such list and this shall be conveyed to the Operating Company. Upon the Operating Company's completion of its evaluation and submission of same to Operator, Operator shall notify the Operating Committee of the entity to whom the Operating Company proposes to award such contract. Operator's notice shall be supported by a summary of the Operating Company's analysis of the various bids West Xxxxxx XXX 20F

Contract Awards. Subject to the Contract and any Applicable Law: ----------------- (A) For contracts equal to or less than U.S. Dollars Two Hundred Fifty Thousand (US $250,000.00)Contract, Operator shall award each contract for approved Joint Operations on the following basis (the amounts stated are in thousands of U.S. dollars): Procedure A Procedure B Procedure C Exploration and Appraisal Operations 0 to $100,000US $100,001US to $1,000,000US >$1,000,001US Development Operations 0 to $500,000US $500,001US to $5,000,000US >$5,000,001US Production Operations 0 to $1,000,000US $1,000,001US to $2,500,000US >$2,500,001US (A) Operator shall award the contract to the best qualified contractor as determined by cost and ability to perform the contract, contract without the obligation to tender for bids and without informing or seeking the approval of the Operating Committee; , except that before entering into contracts with Affiliates of the Operator exceeding $100,000 U.S. Dollars Fifty Thousand (US $50,000.00)dollars, Operator shall obtain the approval of the Operating Committee. (B) For contracts greater than U.S. Dollars Two Hundred Fifty Thousand (US $250,000.00) and equal to or less than U.S. Dollars One Million (US $1,000,000.00), Operator shall follow a competitive bid process in accordance with Operator's internal regulations, the Contract and Applicable Law, and inform the Non-Operators of the entity to be awarded the contract, and upon the request of a Party, provide such Party with a copy of the tender documents and the final version of the contract. (C) For contracts greater than U.S. Dollars One Million (US $1,000,000.00), Operator shall: (1) Provide provide the Parties with a list of the entities whom Operator proposes to invite to tender for the said contract; (2) Add add to such list any entity whom a Party reasonably requests to be added within seven fourteen (714) Days of receipt of such list; (3) Prepare complete the tendering process within a reasonable period of time; (4) inform the Parties of the entities to whom the contract has been awarded, provided that before awarding contracts to Affiliates of Operator which exceed $100,000 U.S. dollars, Operator shall obtain the approval of the Operating Committee; (5) circulate to the Parties a competitive bid analysis stating the reasons for the choice made; and (6) upon the request of a Party, provide such Party with a copy of the final version of the contract. (C) Operator shall: (1) provide the Parties with a list of the entities whom Operator proposes to invite to tender for the said contract; (2) add to such list any entity whom a Party reasonably requests to be added within fourteen (14) Days of receipt of such list; (3) prepare and dispatch the tender documents to the entities on the list as aforesaid and to Non-Operators; (4) After after the expiration of the period allowed for tendering, consider and analyze the details of all bids received; (5) Prepare prepare and circulate to the Parties a competitive bid analysis, stating Operator's ’s recommendation as to the entity to whom the contract should be awarded, the reasons therefor, and the technical, commercial and contractual terms to be agreed upon; (6) Obtain obtain the approval of the Operating Committee to the recommended contract award as provided under Section 5.9bid; and (7) Upon upon the request of a Party, provide such Party with a copy of the final version of the contract.

Contract Awards. Subject to the Contract and any Applicable Law: ----------------- (A) For contracts equal to or less than U.S. Dollars Two Hundred Fifty Thousand (US $250,000.00), Operator shall award each contract for approved Joint Operations under any approved Work Program and Budget on the following basis (the amounts stated are in thousands of U.S. dollars): Procedure A Procedure B Procedure C Exploration and Appraisal Operations $0 to $250,000 $250,001 to $2,499,999 $2,500,000+ Development Operations $0 to $250,000 $250,001 to $2,499,999 $2,500,000+ Production Operations $0 to $250,000 $250,001 to $2,499,999 $2,500,000+ Procedure (A) Operator shall award the contract to the best qualified contractor as determined by cost and ability to perform the contract, contract without the obligation to tender for bids and without informing or seeking the approval of the Operating Committee; , except that before entering into contracts with Affiliates of the Operator exceeding U.S. Dollars Fifty Thousand dollars one hundred thousand (US $50,000.00U.S.$100,000), . Operator shall obtain the approval of the Operating Committee.. Procedure (B) For contracts greater than U.S. Dollars Two Hundred Fifty Thousand (US $250,000.00) and equal to or less than U.S. Dollars One Million (US $1,000,000.00), Operator shall follow a competitive bid process in accordance with Operator's internal regulations, the Contract and Applicable Law, and inform the Non-Operators of the entity to be awarded the contract, and upon the request of a Party, provide such Party with a copy of the tender documents and the final version of the contract. (C) For contracts greater than U.S. Dollars One Million (US $1,000,000.00), Operator shall: (1) Provide the Parties with a list of the entities whom Operator proposes to invite to tender for the said contract; (2) Add to such list any entity whom a Party requests to be added within seven fourteen (714) Days of receipt of such list; (3) Complete the tendering process within a reasonable period of time; (4) Inform the Parties of the entities to whom the contract has been awarded, provided that before awarding contracts to Affiliates of the Operator which exceed U.S. dollars one hundred thousand (U.S.$100,000), Operator shall obtain the approval of the Operating Committee; (5) Circulate to the Parties a competitive bid analysis stating the reasons for the choice made; and (6) Upon the request of a Party, provide such Party with a copy of the final version of the contract awarded. Procedure (C) Operator shall: (1) Provide the Parties with a list of the entities whom Operator proposes to invite to tender for the said contract; (2) Add to such list any entity whom a Party requests to be added within fourteen (14) Days of receipt of such list; (3) Prepare and dispatch the tender documents to the entities on the list as aforesaid and to Non-Operators; (4) After the expiration of the period allowed for tendering, consider and analyze the details of all bids received; (5) Prepare and circulate to the Parties a competitive bid analysis, stating Operator's ’s recommendation as to the entity to whom the contract should be awarded, the reasons therefor, and the technical, commercial and contractual terms to be agreed upon; (6) Obtain the approval of the Operating Committee to the recommended contract award as provided under Section 5.9bid; and (7) Upon the request of a Party, provide such Party with a copy of the final version of the contract.

Contract Awards. Subject to the Contract and any Applicable Law: ----------------- (A) For contracts equal to or less than U.S. Dollars Two Hundred Fifty Thousand (US $250,000.00), Operator shall award each contract for approved Joint Operations on the following basis (the amounts stated are in thousands of US dollars): Exploration and Appraisal Operations $0 to $500 $500 to $1,500 >$1,500 Development Operations $0 to $1,000 $1,000 to $4,000 >$4,000 Production Operations $0 to $500 $500 to $2,500 >$2,500 Operator shall award the contract to the best qualified contractor as determined by cost and ability to perform the contract, contract without the obligation to tender for bids and without informing or seeking the approval of the Operating Committee; Operations Management Board, except that before entering into contracts with Affiliates of the Operator exceeding U.S. Dollars Fifty Thousand one hundred thousand US dollars (US $50,000.00100,000 USD), Operator shall obtain the approval of the Operating Committee. (B) For contracts greater than U.S. Dollars Two Hundred Fifty Thousand (US $250,000.00) and equal to or less than U.S. Dollars One Million (US $1,000,000.00), Operator shall follow a competitive bid process in accordance with Operator's internal regulations, the Contract and Applicable Law, and inform the Non-Operators of the entity to be awarded the contract, and upon the request of a Party, provide such Party with a copy of the tender documents and the final version of the contract. (C) For contracts greater than U.S. Dollars One Million (US $1,000,000.00), Operations Management Board. Operator shall: (1a) Provide provide the Parties with a list of the entities whom Operator proposes to invite to tender for the said contract; (2b) Add add to such list any entity whom a Party requests to be added within seven fourteen (714) Days of receipt of such list; (3c) Prepare complete the tendering process within a reasonable period of time; (d) inform the Parties of the entities to whom the contract has been awarded, provided that before awarding contracts to Affiliates of the Operator which exceed two hundred fifty thousand US dollars (250,000 USD), Operator shall obtain the approval of the Operations Management Board; (e) circulate to the Parties a competitive bid analysis stating the reasons for the choice made; and (f) Upon the request of a Party, provide such Party with a copy of the final version of the contract awarded. Operator shall: (a) provide the Parties with a list of the entities whom Operator proposes to invite to tender for the said contract; (b) add to such list any entity whom a Party requests to be added within fourteen (14) Days of receipt of such list; (c) prepare and dispatch the tender documents to the entities on the list as aforesaid and to Non-Operators; (4d) After after the expiration of the period allowed for tendering, consider and analyze analyse the details of all bids received; (5e) Prepare prepare and circulate to the Parties a competitive bid analysis, stating Operator's ’s recommendation as to the entity to whom the contract should be awarded, the reasons therefortherefore, and the technical, commercial and contractual terms to be agreed upon; (6f) Obtain obtain the approval of the Operating Committee Operations Management Board to the recommended contract award as provided under Section 5.9bid; and (7g) Upon upon the request of a Party, provide such Party with a copy of the final version of the contract.

Contract Awards. Subject to the Contract and any Applicable Law: ----------------- (A) For contracts equal to or less than U.S. Dollars Two Hundred Fifty Thousand (US $250,000.00), Operator shall award each contract for approved Joint Operations tendered or placed by Operator on the following basis: 1) For contracts in amounts less than or equal to two hundred thousand ($200,000) Dollars (U.S.) Operator shall award the contract to the best qualified contractor as determined by cost and ability to perform the contract, contract without the obligation to tender for bids and without informing or seeking the approval of the Operating Committee; except that , exceptthat before entering into contracts with Affiliates of the Operator exceeding U.S. Dollars Fifty Thousand (US $50,000.00)Operator, Operator shall obtain the approval of the Operating Committee. (B) For contracts greater than U.S. Dollars Two Hundred Fifty Thousand (US $250,000.00) and equal to or less than U.S. Dollars One Million (US $1,000,000.00). If requested by any Party, Operator shall follow a competitive bid process in accordance with Operator's internal regulations, circulate to the Contract and Applicable Law, and inform the Non-Operators of the entity to be awarded the contract, and upon the request of a Party, provide such Party with Parties a copy of the tender documents and the final version of the contractcontract awarded. (C2) For contracts anticipated to be in an amount greater than U.S. two hundred thousand ($200,000) Dollars One Million (US $1,000,000.00), U.S.) Operator shall: (1a) Provide the Parties with a list of the entities whom Operator proposes to invite to tender for the said contract; (2b) Add to such list any entity whom a Party requests to be added within seven fourteen (714) Days of receipt of such list; (3c) Prepare and dispatch the tender documents to the entities on the list as aforesaid and to Non-Operators; (4d) After the expiration of the period allowed for tendering, consider and analyze the details of all bids received; (5e) Prepare and circulate to the Parties a competitive bid analysis, stating Operator's recommendation determination as to the entity to whom the contract should be awarded, the reasons therefor, and the technical, commercial and contractual terms to be agreed upon; (6) Obtain the approval of the Operating Committee to the recommended contract award as provided under Section 5.9; and (7f) Upon the request of a Party, provide such Party with a copy of the final version of the contract. 3) For contracts in amounts greater than five hundred thousand ($500,000) Dollars (U.S.), Operator shall obtain Operating Committee approval of its award recommendation. B) Notwithstanding the above, Operator shall comply with all applicable rules, procedures, decrees and regulations regarding tendering for and awarding of contracts, services and importation of equipment, materials and consumables as required from time to time by EGPC. Approval of the Operating Committee shall be required if Operator proposes to not comply with such EGPC tender and award rules in respect of any contract, service or materials with a value in excess of fifty thousand ($50,000) Dollars (U.S.). C) Operator undertakes to use all reasonable efforts to require Operating Company to submit contracts to tender in compliance with the internal rules and regulations of the Operating Company and EGPC policies or practice. Operator shall use all reasonable efforts to require the Operating Company to competitively tender for all purchases of materials or equipment and hiring of services or equipment with a value estimated to exceed fifty thousand ($50,000) Dollars (U.S.). In all purchases of materials or equipment and hiring of services or equipment, it is understood that Operating Company or Operator, as the case may be, are subject to the provisions regarding use of local contractors and supplies set out in Article XXVI of the Concession. If Operating Company estimates a contract value will exceed five hundred thousand ($500,000) Dollars (U.S.), Operator shall provide each Party with a list of the proposed bidders and each Party shall have the right to make suggestions for inclusion on such list and this shall be conveyed to the Operating Company. Upon the Operating Company's completion of its evaluation and submission of same to Operator, Operator shall notify the Operating Committee of the entity to whom the Operating Company proposes to award such contract. Operator's notice shall be supported by a summary of the Operating Company's analysis of the various bids received. For purposes of approval of any tender or contract in excess of five hundred thousand ($500,000) Dollars (U.S.), Operating Committee shall vote on the award in advance of the vote by the Board of Directors.

Contract Awards. Subject to the Contract and any Applicable Law: ----------------- (A) For contracts equal to or less than U.S. Dollars Two Hundred Fifty Thousand (US $250,000.00)Contract, Operator shall award each contract for approved Joint Operations on the following basis (the amounts stated are in thousands of U.S. dollars): Exploration and Appraisal Operations 0 to $100,000US $100,001US to $1,000,000US >$1,000,001US Development Operations 0 to $500,000US $500,001US to $5,000,000US >$5,000,001US Production Operations 0 to $1,000,000US $1,000,001US to $2,500,000US >$2,500,001US (A) Operator shall award the contract to the best qualified contractor as determined by cost and ability to perform the contract, contract without the obligation to tender for bids and without informing or seeking the approval of the Operating Committee; , except that before entering into contracts with Affiliates of the Operator exceeding $100,000 U.S. Dollars Fifty Thousand (US $50,000.00)dollars, Operator shall obtain the approval of the Operating Committee. (B) For contracts greater than U.S. Dollars Two Hundred Fifty Thousand (US $250,000.00) and equal to or less than U.S. Dollars One Million (US $1,000,000.00), Operator shall follow a competitive bid process in accordance with Operator's internal regulations, the Contract and Applicable Law, and inform the Non-Operators of the entity to be awarded the contract, and upon the request of a Party, provide such Party with a copy of the tender documents and the final version of the contract. (C) For contracts greater than U.S. Dollars One Million (US $1,000,000.00), Operator shall: (1) Provide provide the Parties with a list of the entities whom Operator proposes to invite to tender for the said contract; (2) Add add to such list any entity whom a Party reasonably requests to be added within seven fourteen (714) Days of receipt of such list; (3) Prepare complete the tendering process within a reasonable period of time; (4) inform the Parties of the entities to whom the contract has been awarded, provided that before awarding contracts to Affiliates of Operator which exceed $100,000 U.S. dollars, Operator shall obtain the approval of the Operating Committee; (5) circulate to the Parties a competitive bid analysis stating the reasons for the choice made; and (6) upon the request of a Party, provide such Party with a copy of the final version of the contract. (C) Operator shall: (1) provide the Parties with a list of the entities whom Operator proposes to invite to tender for the said contract; (2) add to such list any entity whom a Party reasonably requests to be added within fourteen (14) Days of receipt of such list; (3) prepare and dispatch the tender documents to the entities on the list as aforesaid and to Non-Operators; (4) After after the expiration of the period allowed for tendering, consider and analyze the details of all bids received; (5) Prepare prepare and circulate to the Parties a competitive bid analysis, stating Operator's ’s recommendation as to the entity to whom the contract should be awarded, the reasons therefor, and the technical, commercial and contractual terms to be agreed upon; (6) Obtain obtain the approval of the Operating Committee to the recommended contract award as provided under Section 5.9bid; and (7) Upon upon the request of a Party, provide such Party with a copy of the final version of the contract.