Common use of Contract Awards Clause in Contracts

Contract Awards. 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 without the obligation to tender and without informing or seeking the approval of the Operations Management Board, except that before entering into contracts with Affiliates of the Operator exceeding one hundred thousand US dollars (100,000 USD), Operator shall obtain the approval of the Operations Management Board. Procedure B Operator shall:

Contract Awards. Operator shall award each contract for approved Joint Operations on the following basis (the amounts stated are in thousands of US U.S. dollars): Procedure A Procedure B Procedure C Exploration and Appraisal Operations $0 to $500 $500 to $1,500 400,000 >$1,500 400,000 - $2,499,999 >$2,500,000 Development Operations $0 to $1,000 $1,000 to $4,000 750,000 >$4,000 750,000 - $2,499,999 >$2,500,000 Production Operations $0 to $500 $500 to $2,500 400,000 >$2,500 400,000 - $2,499,999 >$2,500,000 Procedure A (A) Operator shall award the contract to the best qualified contractor as determined by cost and ability to perform the contract without the obligation to tender and without informing or seeking the approval of the Operations Management Board, except that before entering into contracts with Affiliates of the Operator exceeding one hundred thousand US dollars Operating Committee (100,000 USD), other than to an Affiliate in which event Operator shall obtain the approval of the Operations Management BoardOperating Committee for any contract in excess of $200,000). Procedure B (B) Operator shall:

Contract Awards. 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 without the obligation to tender and without informing or seeking the approval of the Operations Management Board, except that before entering into contracts with Affiliates of the Operator exceeding one hundred thousand US dollars (100,000 USD), Operator shall obtain the approval of the Operations Management Board. Procedure B Operator shall:.

Contract Awards. Operator shall award each contract for approved Joint Operations on the following basis (the amounts stated are in thousands of US U.S. dollars): Procedure A Procedure B Procedure C Exploration and Appraisal Operations $0 to $500 $500 to $1,500 400,000 >$1,500 400,000 - $2,499,999 >$2,500,000 Development Operations $0 to $1,000 $1,000 to $4,000 750,000 >$4,000 750,000 - $2,499,999 >$2,500,000 Production Operations $0 to $500 $500 to $2,500 400,000 >$2,500 400,000 - $2,499,999 >$2,500,000 Procedure A (A) Operator shall award the contract to the best qualified contractor as determined by cost and ability to perform the contract without the obligation to tender and without informing or seeking the approval of the Operations Management Board, except that before entering into contracts with Affiliates of the Operator exceeding one hundred thousand US dollars Operating Committee (100,000 USD), other than to an Affiliate in which event Operator shall obtain the approval of the Operations Management Board. Procedure B Operator shall:Operating Committee for any contract in excess of $200,000).