Common use of Designation of Operator Clause in Contracts

Designation of Operator. As between the Parties, Chevron shall be designated as operator for the Initial Test Well for each Prospect listed on Exhibits "A" and "B." The Parties will, if required, execute the appropriate Designation of Operator forms, under the terms hereof, naming Chevron as Operator. Chevron shall also assume the responsibility of the Designated Applicant for oil spill financial responsibility purposes; however no Party is released from any its liabilities for expenses, losses or damages by such assumption by Chevron. The Parties will execute as soon as requested all necessary forms to reflect the selection of operator and Designated Applicant for oil spill financial responsibility purposes.

Designation of Operator. As between the Parties, Chevron shall be designated as operator for the Initial Test Well for each Prospect listed on Exhibits "A" and "B.B" and under the Operating Agreement. The Parties will, if required, execute the appropriate Designation of Operator forms, under the terms hereof, naming Chevron as Operatoroperator. Chevron shall also assume the responsibility of the Designated Applicant for oil spill financial responsibility purposes; however no Party is released from any of its liabilities for expenses, losses or damages by such assumption by Chevron. The Parties will execute as soon as requested all necessary forms to reflect the selection of operator and Designated Applicant for oil spill financial responsibility purposes.