PETRÓLEO BRASILEIRO S. A. – Petrobras, during the effectiveness of this Agreement, shall be the Operator and only person responsible, on behalf of the Consortium, for conducting and developing all activities of Exploration, Assessment, Development, Production, and decommissioning of the facilities under the Agreement The Operator is the only member of the Consortium that, on its behalf and within the limits defined by the Operating Committee, may execute agreements, enforce or undertake expenditure commitments, and take other actions related to the development of the activities of Exploration and Production of Oil and Gas in the Contract Area. The Operator shall be that responsible for representing the Consortium before regulatory authorities, inspecting authorities, and other external entities. The Operator shall represent the Consortium Members judicially and extrajudicially. The Operator of this Agreement shall have at least a thirty percent (30%)-share in the property rights and obligations of the Consortium in the Contract Area. The Operator may resign its position, being subject to the conditions required by ANP. The Operator shall: act in compliance with this Agreement, the Applicable Laws and Regulations, and the orders of the Operating Committee; conduct the Operations in a diligent, safe, and efficient manner, in compliance with the Best Practices of the Oil Industry, pursuant to the “No Gain, No Loss” Principle in its position of Operator; notify the Operating Committee and ANP of any Discovery inside the Contract Area, according to Section Twelve of the Agreement; conduct the Operations with Exclusive Risks pursuant to Section IV of this annex; develop the Budget and Work Programs and other documents to be submitted to examination by the Operating Committee, under this Agreement; develop and send to ANP, when the Operating Committee is defined, the plans, programs, and reports required by the regulatory authority; issue the Authorization for Expenditure to develop the activities approved by the Operating Committee in the Annual Work Program and call for fund contribution to pay the Consortium expenses; render accounts to the Consortium, as established in this Agreement and by the Operating Committee; obtain the relevant legal licenses and permits required to conduct the operations in the Contract Area; provide the non-Operator Consortium Members with access to the facilities and records of the Operations, upon their prior request; assume responsibility for the paymen...
PETRÓLEO BRASILEIRO S. A.: Av. República do Cxxxx 00, 0xx Xxxxx, 00000-000 Xxx xx Xxxxxxx – RJ, Brazil, Fax: +00-00-0000-0000, Attn: Sxxxxx Xxxxx Xxxxxx, Finance Department, Corporate Finance Manager.
PETRÓLEO BRASILEIRO S. A. - PETROBRAS, a private and public joint stock company incorporated under the Laws of Brazil, with headquarters at Avenida República do Chile 65, in the City of Rio de Janeiro, ZIP Code 00000-000, Xxxxx xx Xxx xx Xxxxxxx, Xxxxxxx Xxxxxxxx of Brazil, enrolled with the National Register of Legal Entities (C.N.P.J.) of the Ministry of Finance under No. 33.000.167/0001-01 (the “Owner”);
PETRÓLEO BRASILEIRO S. A. - PETROBRAS, a joint-stock company, with its principal place of business in the City of Rio de Janeiro, State of Rio de Janeiro, at Av. República do Chile no 65, Centro, enrolled in the CNPJ under no 33.000.167/0001-01, herein represented pursuant to its bylaws ("Petrobras", jointly with Petroquisa, hereinafter referred to as "Petrobras System"); (Odebrecht and Petrobras System are hereinafter referred to collectively as “Parties” or “Shareholders”, and individually and indistinctly as “Party” or “Shareholder”); and, as intervening/consenting parties:
PETRÓLEO BRASILEIRO S. A. - Petrobras (“Petrobras”) was a corporation in the petroleum industry headquartered in Rio de Janeiro, Brazil, which operated to refine, produce and distribute oil, oil products, gas, biofuels and energy. The Brazilian government directly owned a majority of Petrobras’s common shares with voting rights, while additional shares were controlled by the Brazilian Development Bank and Brazil’s Sovereign Wealth Fund. Petrobras was controlled by the Brazilian government and performed a function that the Brazilian government treated as its own, and thus was an “instrumentality” of the government as that term is used in the Foreign Corrupt Practices Act (“FCPA”), Title 15, United States Code, Section 78dd-3(f)(2)(A).
PETRÓLEO BRASILEIRO S. A. – Petrobras (“Petrobras”) was a Brazilian state-owned and state-controlled oil company headquartered in Rio de Janeiro, Brazil, that operated to refine, produce and distribute oil, oil products, gas, biofuels and energy. The Brazilian government directly owned more than 50 percent of Petrobras’s common shares with voting rights. Petrobras was controlled by Brazil and performed government functions. Petrobras was an “instrumentality” of a foreign government, and Petrobras’s officers and employees were “foreign officials, as those terms are used in the FCPA, Title 15, United States Code, Sections 78dd- 2(h)(2)(A), 78dd-3(f)(2)(A).
PETRÓLEO BRASILEIRO S. A. – PETROBRAS, a company organized under the laws of Brazil, with its principal place of business at Xx. Xxxxxxxxx xx Xxxxx, 00, Xxxxxx, Xxx xx Xxxxxxx, XX, CEP 20031-912, enrolled in the National Register of Legal Entities of the Ministry of Finance (CNPJ/MF) under No. 33.000.167/0001-01, herein represented by its [enter the title of the signatory representative], [enter the name of the signatory representative]; [Enter the corporate name of the Contractor], a company organized under the laws of Brazil, with its principal place of business at [enter the full address], enrolled in the National Register of Legal Entities of the Ministry of Finance (CNPJ/MF) under No. [enter the CNPJ enrollment number], herein represented by its [enter the title of the signatory representative], [enter the name of the signatory representative].
PETRÓLEO BRASILEIRO S. A. - PETROBRAS, a company incorporated under the laws of Brazil, with headquarters at Xx. Xxxxxxxxx xx Xxxxx, 00, Xxxxxx, Xxx xx Xxxxxxx, XX, CEP 20031-912, entered in the National Corporate Taxpayer Registry (CNPJ/MF) under no. 33.000.167/0001-01, hereby represented by (name), Director of Exploration and Production; and ______, a company incorporated under the laws of Brazil, with headquarters at ______ entered in the National Corporate Taxpayer Registry (CNPJ/MF) under no. ______, hereby represented by ______, ______;
PETRÓLEO BRASILEIRO S. A. — PETROBRAS, a mixed-capital company, with its principal place of business in the city of Rio de Janeiro, State of Rio de Janeiro, enrolled in the National Register of Legal Entities under No 33.000.167/0001-01, hereinafter referred to as PETROBRAS, herein represented by its Executive Marketing and Sale Manager, Xx. Xxxx Xxxxxxxx Brandão Xxxxxxx, and
PETRÓLEO BRASILEIRO S. A. - Petrobras, a company incorporated under the laws of Brazil, with headquarters at Xx. Xxxxxxxxx xx Xxxxx, 00, Xxxxxx, Xxx xx Xxxxxxx, XX, CEP 20031-912, entered in the National Corporate Taxpayer Registry (CNPJ/MF) under no. 33.000.167/0001-01, hereby represented by ________, holding an office at Xx. Xxxxxxxxx xx Xxxxx 000, 00x andar, Rio de Janeiro, Rio de Janeiro State; and ______, a company incorporated under the laws of Brazil, with headquarters at ______ entered in the National Corporate Taxpayer Registry (CNPJ/MF) under no. ______, hereby represented by ______, ______; CLAUSE FIRST - NAME OF THE CONSORTIUM The Consortium will be referred to as "Consortium __________". THE SECOND CLAUSE - PURPOSE OF THE CONSORTIUM The purpose of this Consortium Contract is the association of Parties to comply with the Production Sharing Contract for Exploration and Production of Oil and Natural Gas no. __________________ hereinafter referred to as Production Sharing Contract. The Consortium Members have established and will establish, in specific documents, without prejudice to documents and commitments made in the Production Sharing Contract, rules and special conditions to internally regulate the individual relations, considering their condition of Consortium Members, as well as the accomplishment of the Operations of the Consortium. THIRD CLAUSE - CONSTITUTION OF CONSORTIUM The Consortium shall have its headquarters in the city of (Brasilia-DF or Rio de janeiro-RJ), Brazil. The Consortium, as well as the implementation of the purpose of the Consortium Contract and the use of the Common Assets, is not to be considered as a company between the Parties. CLAUSE FOURTH - OPERATIONAL ADMINISTRATION - OPERATOR AND OPERATING COMMITTEE In accordance with Law no. 12,351/2010, Petrobras is the Operator and leader of the Consortium. The Operator, in turn, accepts to act as such and if it is incumbent upon the conduction and implementation of the Operations, negotiating legal transactions and representing the Consortium before ANP, Federal, State and Municipal Governments, as well as third parties, as of the date of entry into force of this Consortium Contract. It will be up to the Operating Committee to deliberate on the administration of the Consortium, whose training, competence, powers, areas of operation, composition, frequency of meetings, voting procedures and materials specifically subject to its deliberation will be defined in specific documents to be signed betwee...
