Common use of Other Conditions for Operations with Exclusive Risks Clause in Contracts

Other Conditions for Operations with Exclusive Risks. The proposal for and the execution schedule of the Operations with Exclusive Risks shall be subject to approval by the Operating Committee. The remaining conditions for Operations with Exclusive Risks shall be addressed by the Contracted Parties in a specific instrument. ANNEX XII – COST OIL RECOVERY LIMIT AND PROFIT OIL SHARING PERCENTAGE During the Production Phase, the Contracted Party shall, every month, receive the Production share corresponding to the Cost Oil, observing the limit of [insert number in words] percent ([insert number] %) of the Gross Production Value. Federal Government's Profit Oil Share (%) Production per Production Well (bbl/d) Barrel price (USD/bbl) <Prod1 Between Prod1 and Prod2 Between Prod3 and Prod4 > Prod4 < P1 Between P1 and P2 Between P2 and P3 Between P3 and P4

Other Conditions for Operations with Exclusive Risks. The proposal for and the execution schedule of the Operations with Exclusive Risks shall be subject to approval by of the Operating Committee. The remaining conditions for Operations with Exclusive Risks shall be addressed by the Contracted Parties Contractors in a specific proper instrument. ANNEX XII – COST OIL RECOVERY LIMIT AND PROFIT OIL SHARING PERCENTAGE During the Production Phase, the Contracted Party Contractor shall, every month, receive the Production share corresponding to the Cost Oil, observing the limit of [insert number in words(xxxxxxxxxxx (XX%)] percent ([insert number] %) of the Gross Production Value. Federal Government's Profit Oil Share (%) Production per Production Producing Well (bbl/d) Barrel price (USD/bbl) <Prod1 Between Prod1 and Prod2 Between Prod3 and Prod4 > Prod4 < P1 Between P1 and P2 Between P2 and P3 Between P3 and P4