Common use of HEADS OF EXPORT OIL SALES AGREEMENT Clause in Contracts

HEADS OF EXPORT OIL SALES AGREEMENT. FOR [AREA] CONTRACT AREA This Export Oil Sales Agreement (“Agreement”) is entered into between Oil Marketing Company (“SOMO”) on behalf and for the account of Oil Company(“ROC”) (hereinafter called First Party) of the one part and and being members of Contractor under the Development and Production Contract for [Area] signed on , 201_ (“DPC”)(hereinafter called Second Party) of the other part (collectively referred to as the “Parties” and individually as a “Party”). Whereby it is agreed as follows:

HEADS OF EXPORT OIL SALES AGREEMENT. FOR [AREA] CONTRACT AREA This Export Oil Sales Agreement (“Agreement”) is entered into between Oil Marketing Company (“SOMO”) on behalf and for the account of Oil Company(“ROC”) (hereinafter called First Party) of the one part and and being members of Contractor under the Exploration, Development and Production Contract for [Area] signed on , 201_ (“DPC”)(hereinafter EDPC”)(hereinafter called Second Party) of the other part (collectively referred to as the “Parties” and individually as a “Party”). Whereby it is agreed as follows: