Common use of OFFSHORE OPERATING AGREEMENT Clause in Contracts

OFFSHORE OPERATING AGREEMENT. The ITW shall be drilled in accordance with the OOA which is attached hereto as Exhibit “D”. Sent in conjunction with, and as a condition to this Agreement is a Ratification and Joinder of Offshore Operating Agreement (“Ratification”). Contemporaneously with the execution of this Agreement, Ridgewood agrees to execute the Ratification and return three (3) signature pages to LLOG. LLOG shall endeavor to obtain Apache’s signature on the Ratification and shall furnish Ridgewood with one fully executed original. All operations on the Initial Test Well and any and all subsequent operations on the CPA shall be conducted in accordance with the terms and provisions of the OOA. As between LLOG and Ridgewood, if there are any conflicts between this Agreement and the OOA, the terms and provisions of this Agreement shall prevail and govern. As to that portion of the Redacted Lease not within the CPA, LLOG and Ridgewood shall be deemed to be bound under the terms of an Operating Agreement identical in terms to the OOA with an Exhibit “A” covering that portion of the Redacted Lease not within the CPA and with the Parties being LLOG 50% and Ridgewood 50%.