Common use of Employment and Training of Equatoguineans Clause in Contracts

Employment and Training of Equatoguineans. 23.4.1 From the Effective Date, the Contractor shall ensure priority employment for adequately qualified Equatoguinean personnel in all levels of their organization, as the employee’s skill allows, and as provided for in Article 23,2.2, shall train or contribute in the training of such personnel to enable them to qualify for any position relating to Petroleum Operations. Expatriate personnel may only be employed if the Contractor and its subcontractors have exhausted all possibilities of recruiting adequately qualified Equatoguinean personnel in the required area of specialization. 23.4.2 During the term of this Contract, the Parties comprising the Contractor (other than the National Company), during the Exploration Period, shall spend one hundred thousand Dollars ($100,000) per Calendar Year, to provide a mutually agreed number of Ministry and National Company personnel with on-the-job training in the Contractor’s operations in Equatorial Guinea and overseas and/or practical training at institutions abroad, particularly in the areas of natural earth sciences, engineering, technology, accounting, economics and other related fields of oil and gas exploration and exploitation (“Job Training”). During the term of this Contract, the Parties comprising the Contractor (other than the National Company), during the Development and Production Period, shall spend three hundred thousand Dollars ($300,000) per Calendar Year, to provide Job Training. The above costs will be recoverable as a Petroleum Operations Cost in accordance with the provisions of this Contract. 23.4.3 Additionally, during the term of this Contract, the Parties comprising the Contractor (other than the National Company) shall transfer to the Ministry one hundred thousand Dollars ($100,000) per Calendar Year during the Exploration Period and shall transfer to the Ministry three hundred thousand Dollars ($300,000) per Calendar Year during the Development and Production Period, which the Ministry shall use at its sole discretion to educate and train Equatoguinean personnel selected by the Ministry at universities, colleges or other training institutions selected by the Ministry and for other general training and educational purposes (“Training Funds”). The above costs will be recoverable as a Petroleum Operations Cost in accordance with the provisions of this Contract.

Employment and Training of Equatoguineans. 23.4.1 From the Effective Date, the Contractor shall ensure priority employment for adequately qualified Equatoguinean personnel in all levels of their organization, as the employee’s skill allows, and as provided for in Article 23,2.223.2.2, shall train or contribute in the training of such personnel to enable them to qualify for any position relating to Petroleum Operations. Expatriate personnel may only be employed if the Contractor and its subcontractors have exhausted all possibilities of recruiting adequately qualified Equatoguinean personnel in the required area of specialization. 23.4.2 During the term of this Contract, the Parties comprising the Contractor (other than the National Company), during the Exploration Period, shall spend one hundred thousand Dollars ($100,000) per Calendar Year, to provide a mutually agreed number of Ministry and National Company personnel with on-the-job training in the Contractor’s operations in Equatorial Guinea and overseas and/or practical training at institutions abroad, particularly in the areas of natural earth sciences, engineering, technology, accounting, economics and other related fields of oil and gas exploration and exploitation (“Job Training”). During the term of this Contract, the Parties comprising the Contractor (other than the National Company), during the Development and Production Period, shall spend three hundred thousand Dollars ($300,000) per Calendar Year, to provide Job Training. The above costs will be recoverable as a Petroleum Operations Cost in accordance with the provisions of this Contract. 23.4.3 Additionally, during the term of this Contract, the Parties comprising the Contractor (other than the National Company) shall transfer to the Ministry one hundred thousand Dollars ($100,000) per Calendar Year during the Exploration Period and shall transfer to the Ministry three hundred thousand Dollars ($300,000) per Calendar Year during the Development and Production Period, which the Ministry shall use at its sole discretion to educate and train Equatoguinean personnel selected by the Ministry at universities, colleges or other training institutions selected by the Ministry and for other general training and educational purposes (“Training Funds”). The above costs will be recoverable as a Petroleum Operations Cost in accordance with the provisions of this Contract.

Employment and Training of Equatoguineans. 23.4.1 From the Effective Date, the Contractor shall ensure priority employment for adequately qualified Equatoguinean personnel in all levels of their organization, as the employee’s skill allows, and as provided for in Article 23,2.2‎23.2.2, shall train or contribute in the training of such personnel to enable them to qualify for any position relating to Petroleum Operations. Expatriate personnel may only be employed if the Contractor and its subcontractors have exhausted all possibilities of recruiting adequately qualified qualified) Equatoguinean personnel in the required area of specialization. 23.4.2 During the term of this Contract, the Parties comprising the Contractor (other than the National Company), during the Exploration Period, shall spend one hundred thousand Dollars ($100,000) per Calendar Year, to provide a mutually agreed number of Ministry and National Company personnel with on-the-job training in the Contractor’s operations in Equatorial Guinea and overseas and/or practical training at institutions abroad, particularly in the areas of natural earth sciences, engineering, technology, accounting, economics and other related fields of oil and gas exploration and exploitation (“Job Training”). During the term of this Contract, the Parties comprising the Contractor (other than the National Company), during the Development and Production Period, shall spend three hundred thousand Dollars ($300,000) per Calendar Year, to provide Job Training. The above costs will be recoverable as a Petroleum Operations Cost in accordance with the provisions of this Contract. 23.4.3 Additionally, during the term of this Contract, the Parties comprising the Contractor (other than the National Company) shall transfer to the Ministry one hundred thousand Dollars ($100,000) per Calendar Year during the Exploration Period and shall transfer to the Ministry three hundred thousand Dollars ($300,000) per Calendar Year during the Development and Production Period, which the Ministry shall use at its sole discretion to educate and train Equatoguinean personnel selected by the Ministry at universities, colleges or other training institutions selected by the Ministry and for other general training and educational purposes (“Training Funds”). The above costs will be recoverable as a Petroleum Operations Cost in accordance with the provisions of this Contract.

Employment and Training of Equatoguineans. 23.4.1 23.2.1 From the Effective Date, the Contractor shall ensure priority employment for adequately qualified Equatoguinean personnel in all levels of their organization, as the employee’s 's skill allows, and as provided for in Article 23,2.223.2.2, shall train or contribute in the training of such personnel to enable them to qualify for any position relating to Petroleum Operations. Expatriate personnel may only be employed if the Contractor and its subcontractors have exhausted all possibilities of recruiting adequately qualified Equatoguinean personnel in the required area of specialization. 23.4.2 23.2.2 During the term of this Contract, the Parties comprising the Contractor (other than the National Company), during the Exploration Period, ) shall spend one hundred thousand a minimum of [insert amount] Dollars ($100,000[insert amount]) per Calendar Year, to provide a mutually agreed number of Ministry and National Company personnel with on-the-job training in the Contractor’s 's operations in Equatorial Guinea and overseas and/or practical training at institutions abroad, particularly in the areas of natural earth sciences, engineering, technology, accounting, economics and other related fields of oil and gas exploration and exploitation (“Job Training”)exploitation. During the term of this Contract, the Parties comprising the Contractor (other than the National Company), during the Development and Production Period, shall spend three hundred thousand Dollars ($300,000) per Calendar Year, to provide Job Training. The above costs will be recoverable as a Petroleum Operations Cost in accordance with the provisions of this Contract. 23.4.3 Additionally, during the term of this Contract, the Parties comprising the Contractor (other than the National Company) shall transfer to the Ministry one hundred thousand a minimum of [insert amount] Dollars ($100,000[insert amount]) per Calendar Year during the Exploration Period and shall transfer to the Ministry three hundred thousand Dollars ($300,000) per Calendar Year during the Development and Production Period, which the Ministry shall use at its sole discretion to educate and train Equatoguinean personnel selected by the Ministry at universities, colleges or other training institutions selected by the Ministry and for other general training and educational purposes (“Training Funds”)purposes. The above costs will be recoverable as a Petroleum Operations Cost in accordance with the provisions of this Contract. 23.2.3 If the Contractor funds any social projects outside of those approved in an Annual Budget such costs shall not be recoverable as a Petroleum Operations Cost. 23.2.4 Given that Equatoguinean civil society is a part of the local content in oil and gas contracts, the Contractor shall contribute to and cooperate with non- governmental organizations in charitable works to develop society, sport activities and health programs to fight and prevent disease, as well as other non-profit related activities.