Common use of Diligence to Conduct Operations Clause in Contracts

Diligence to Conduct Operations. The Consortium Members shall plan, prepare, implement, and control the Operations in a diligent, efficient and appropriate manner, pursuant to the Applicable Laws and Regulations and the Best Practices of the Oil Industry, always respecting the provisions in this Agreement and not performing any act that characterizes or may characterize a violation of the economic order. The Consortium Members shall, in all Operations: adopt the measures required for preservation of oil resources and other natural resources and for the protection of human life, properties, and environment, pursuant to Section Twenty-Six; respect the applicable technical, scientific, and safety rules and procedures, including as to the recovery of fluids, aiming at the rationalization of production and the control of the decline in the reservoirs; employ, whenever appropriate and economically justified, at ANP’s discretion, technical experiences and more advanced technologies, including the ones that increase the economic yield and the Production of the Deposits. The following are the Operator’s duties: maintain minimum personnel, domiciled in Brazil, fluent in Portuguese, able to manage the daily Operations in an efficient and effective manner, as well as to respond to incidents in an appropriate and immediate way; continuously monitor all activities involving operational, environmental, or human health risks, through a monitoring center, necessarily located in Brazil; participate in the preparation and formally approve the emergency response procedures and the studies of risk analysis of the activities performed within the scope of this Agreement, pursuant to the Best Practices of the Oil Industry; establish an organizational structure and resources in Brazil with personnel responsible for the operational safety in order to equalize strengths between the decisions related to the operating activities and the operational safety risk management and ensure that operational risks are taken into account with priority in the Consortium’s decision-making process. The personnel referred to in item “a” must be designated pursuant to the Best Practices of the Oil Industry and be directly proportional to the operational and environmental risks assumed by the Operator. The monitoring center referred to in item “b” must be located onshore and provided with technology and size compatible with the risks assumed by the Operator pursuant to the Best Practices of the Oil Industry. Licenses, Authorizations, and Permits The Contractors shall, at their own account and risk, obtain all licenses, authorizations, and permits required under the Applicable Laws and Regulations.

Diligence to Conduct Operations. The Consortium Members shall plan, prepare, implement, and control the Operations in a diligent, efficient and appropriate manner, pursuant to the Applicable Laws and Regulations and the Best Practices of the Oil Industry, always respecting the provisions in this Agreement and not performing any act that characterizes or may characterize a violation of the economic order. The Consortium Members shall, in all Operations: adopt the measures required for preservation of oil resources and other natural resources and for the protection of human life, properties, and environment, pursuant to Section Twenty-Six; respect the applicable technical, scientific, and safety rules and procedures, including as to the recovery of fluids, aiming at the rationalization of production and the control of the decline in the reservoirs; employ, whenever appropriate and economically justified, at ANP’s discretion, technical experiences and more advanced technologies, including the ones that can increase the economic yield and the Production of the Deposits. The following are It is the Operator’s dutiesduty to: maintain minimum personnel, domiciled in Brazil, fluent in Portuguese, able to manage the daily Operations in an efficient and effective manner, as well as to respond to incidents in an appropriate and immediate way; continuously monitor all activities involving operational, environmental, or human health risks, through a monitoring center, necessarily located in Brazil; participate in the preparation and formally approve the emergency response procedures and the studies of risk analysis of the activities performed within the scope of this Agreement, pursuant to the Best Practices of the Oil Industry; establish an organizational structure and resources in Brazil with personnel persons responsible for the operational safety in order to equalize strengths between the decisions related to the operating activities and the operational safety risk management and ensure that operational risks are taken into account with priority in the Consortium’s decision-making process. The personnel referred to in item “a” must be designated pursuant to the Best Practices of the Oil Industry and be directly proportional to the operational and environmental risks assumed by the Operator. The monitoring center referred to in item “b” must be located onshore and provided with technology and size compatible with the risks assumed by the Operator pursuant to the Best Practices of the Oil Industry. Licenses, Authorizations, and Permits The Contractors shall, at their own account and risk, obtain all licenses, authorizations, and permits required under the Applicable Laws and Regulations.

Diligence to Conduct Operations. The Consortium Members shall plan, prepare, implementexecute, and control the Operations in a diligent, efficient efficient, and appropriate manner, pursuant to the Applicable Laws and Regulations and the Best Practices of the Oil Industry, always respecting the provisions in this Agreement and not performing any act that characterizes or may characterize a violation of the economic order. The Consortium Members shall, in all Operations: adopt the measures required for preservation of oil resources and other natural resources and for the protection of human life, properties, and environment, pursuant to Section Twenty-SixFive; respect the applicable technical, scientific, and safety rules and procedures, including as to the recovery of fluids, aiming at the rationalization of production the Production and the control of the decline in the reservoirs; employ, whenever appropriate and economically justified, at ANP’s discretion, technical experiences and more advanced technologies, including the ones that increase the economic yield and the Production of the Deposits. The following are the Operator’s duties: maintain minimum personnel, domiciled in Brazil, fluent in Portuguese, able to manage the daily Operations in an efficient and effective manner, as well as to respond to incidents in an appropriate and immediate way; continuously monitor all activities involving operational, environmental, or human health risks, risks through a monitoring center, center necessarily located in Brazil; participate in the preparation of and formally approve the emergency response procedures and the studies of risk analysis of the activities performed developed within the scope of this Agreement, pursuant to the Best Practices of the Oil Industry; establish an organizational structure and resources in Brazil with personnel responsible for the operational safety in order to equalize strengths between the decisions related to the operating activities and the operational safety risk management and ensure that operational risks are taken into account with deemed priority in the Consortium’s decision-making process. The personnel referred to in item “a” must be designated pursuant to the Best Practices of the Oil Industry and be directly proportional to the operational and environmental risks assumed by the Operator. The monitoring center referred to in item “b” must be located onshore and provided with technology and size compatible with the risks assumed by the Operator pursuant to the Best Practices of the Oil Industry. Licenses, Authorizations, and Permits The Contractors shall, at their own account and risk, obtain all licenses, authorizations, and permits required under the Applicable Laws and Regulations.

Diligence to Conduct Operations. The Consortium Members shall plan, prepare, implementexecute, and control the Operations in a diligent, efficient efficient, and appropriate manner, pursuant to the Applicable Laws and Regulations and the Best Practices of the Oil Industry, always respecting the provisions in this Agreement and not performing any act that characterizes or may characterize a violation of the economic order. The Consortium Members shall, in all Operations: adopt the measures required for preservation of oil resources and other natural resources and for the protection of human life, properties, and environment, pursuant to Section Twenty-SixThree; respect the applicable technical, scientific, and safety rules and procedures, including as to the recovery of fluids, aiming at the rationalization of production the Production and the control of the decline in the reservoirs; employ, whenever appropriate and economically justified, at ANP’s discretion, technical experiences and more advanced technologies, including the ones that increase the economic yield and the Production of the Deposits. The following are the Operator’s duties: maintain minimum personnel, domiciled in Brazil, fluent in Portuguese, able to manage the daily Operations in an efficient and effective manner, as well as to respond to incidents in an appropriate and immediate way; continuously monitor all activities involving operational, environmental, or human health risks, risks through a monitoring center, center necessarily located in Brazil; participate in the preparation of and formally approve the emergency response procedures and the studies of risk analysis of the activities performed developed within the scope of this Agreement, pursuant to the Best Practices of the Oil Industry; establish an organizational structure and resources in Brazil with personnel responsible for the operational safety in order to equalize strengths between the decisions related to the operating activities and the operational safety risk management and ensure that operational risks are taken into account with deemed priority in the Consortium’s decision-making process. The personnel staff referred to in item “a” of paragraph 17.11 must be designated pursuant to the Best Practices of the Oil Industry and be directly proportional to the operational and environmental risks assumed by the Operator. The monitoring center referred to in item “b” of paragraph 17.11 must be located onshore and provided with technology and size compatible with the risks assumed by the Operator pursuant to the Best Practices of the Oil Industry. Licenses, Authorizations, and Permits The Contractors shall, at their own account and risk, obtain all licenses, authorizations, and permits required under the Applicable Laws and Regulations.

Diligence to Conduct Operations. The Consortium Members shall plan, prepare, implementexecute, and control the Operations in a diligent, efficient efficient, and appropriate manner, pursuant to the Applicable Laws and Regulations and the Best Practices of the Oil Industry, always respecting the provisions in this Agreement and not performing any act that characterizes or may characterize a violation of the economic order. The Consortium Members shall, in all Operations: adopt the measures required for preservation of oil resources and other natural resources and for the protection of human life, properties, and environment, pursuant to Section Twenty-SixThree; respect the applicable technical, scientific, and safety rules and procedures, including as to the recovery of fluids, aiming at the rationalization of production the Production and the control of the decline in the reservoirs; employ, whenever appropriate and economically justified, at ANP’s discretion, technical experiences and more advanced technologies, including the ones that increase the economic yield and the Production of the Deposits. The following are the Operator’s duties: maintain minimum personnel, domiciled in Brazil, fluent in Portuguese, able to manage the daily Operations in an efficient and effective manner, as well as to respond to incidents in an appropriate and immediate way; continuously monitor all activities involving operational, environmental, or human health risks, risks through a monitoring center, center necessarily located in Brazil; participate in the preparation of and formally approve the emergency response procedures and the studies of risk analysis of the activities performed developed within the scope of this Agreement, pursuant to the Best Practices of the Oil Industry; establish an organizational structure and resources in Brazil with personnel responsible for the operational safety in order to equalize strengths between the decisions related to the operating activities and the operational safety risk management and ensure that operational risks are taken into account with deemed priority in the Consortium’s decision-making process. The personnel staff referred to in item “a” of paragraph 17.4 must be designated pursuant to the Best Practices of the Oil Industry and be directly proportional to the operational and environmental risks assumed by the Operator. The monitoring center referred to in item “b” of paragraph 17.4 must be located onshore and provided with technology and size compatible with the risks assumed by the Operator pursuant to the Best Practices of the Oil Industry. Licenses, Authorizations, and Permits The Contractors shall, at their own account and risk, obtain all licenses, authorizations, and permits required under the Applicable Laws and Regulations.

Diligence to Conduct Operations. The Consortium Members Concessionaire shall plan, prepare, implement, and control the Operations in a diligent, efficient and appropriate manner, pursuant to the Applicable Laws and Regulations and the Best Practices of the Oil Industry, always respecting the provisions in this Agreement and not performing any act that characterizes or may characterize a violation of the economic order. The Consortium Members Concessionaire shall, in all Operations: adopt the measures required for preservation of oil resources and other natural resources and for the protection of human life, propertiesheritage, and environment, pursuant to Section Twenty-SixOne; respect the applicable technical, scientific, and safety rules and procedures, including as to the recovery of fluids, aiming at the rationalization of production and the control of the decline in the reservoirs; and employ, whenever appropriate and economically justified, at ANP’s discretion, technical experiences and more advanced technologies, including the ones that can increase the economic yield and the Production of the Deposits. The following are It is the Operator’s dutiesduty to: maintain minimum personnel, domiciled in Brazil, fluent in Portuguese, able to manage the daily Operations in an efficient and effective manner, as well as to respond to incidents in an appropriate and immediate way; continuously monitor all activities involving operational, environmental, or human health risks, through a monitoring center, necessarily located in Brazil; . participate in the preparation and formally approve the emergency response procedures and the studies of risk analysis of the activities performed within the scope of this Agreement, pursuant to the Best Practices of the Oil Industry; establish an organizational structure and resources in Brazil with personnel persons responsible for the operational safety in order to equalize strengths between the decisions related to the operating activities and the operational safety risk management and ensure that operational risks are taken into account with priority in the Consortium’s decision-making process. The personnel referred to in item “a” must be designated designed pursuant to the Best Practices of the Oil Industry and be directly proportional to the operational and environmental risks assumed by the OperatorOperator Concessionaire. The monitoring center referred to in item “b” must be located onshore and provided with technology and size compatible with the risks assumed by the Operator Concessionaire pursuant to the Best Practices of the Oil Industry. Licenses, Authorizations, and Permits The Contractors shall, at their own account and risk, obtain all licenses, authorizations, and permits required under the Applicable Laws and Regulations.