RIGHT AND OBLIGATION TO. TAKE IN KIND Except as otherwise provided in this Article IX or in Article VIII, each Party shall have the right and obligation to own, take in kind and separately dispose of the share of total production available to it from the Project pursuant to the Contract and this Agreement in such quantities and in accordance with such procedures as may be set forth in the offtake agreement referred to in Article 9.2. If Government Oil Company is party to the offtake agreement, then the Parties shall endeavor to obtain its agreement to the principles set forth in this Article IX. 9.2
RIGHT AND OBLIGATION TO. TAKE IN KIND 62 9.2. DISPOSITION OF CRUDE OIL 62 9.3. DISPOSITION OF NATURAL GAS 62 9.4. RIGHT OF FIRST OFFER 63 10. DECOMMISSIONING AND ABANDONMENT 63 10.1. DECOMMISSIONING OF JOINT FACILITIES 63 10.2. ABANDONMENT OF XXXXX DRILLED AS JOINT OPERATIONS 64 10.3. DECOMMISSIONING AND ABANDONMENT OF EXCLUSIVE OPERATIONS 65 10.4. ABANDONMENT FUND 66 10.5. ABANDONMENT SECURITY 66 11. SURRENDER, EXTENSIONS AND RENEWALS 66 11.1. SURRENDER 66 11.2. EXTENSION OF THE TERM 67 12. TRANSFER OF INTEREST OR RIGHTS AND CHANGES IN CONTROL 67 12.1. OBLIGATIONS 67 12.2. TRANSFER 69 12.3. CHANGE IN CONTROL 73 13. WITHDRAWAL FROM AGREEMENT 75 13.1. RIGHT OF WITHDRAWAL 75 13.2. PARTIAL OR COMPLETE WITHDRAWAL 75 13.3. RIGHTS OF A WITHDRAWING PARTY 76 13.4. OBLIGATIONS AND LIABILITIES OF A WITHDRAWING PARTY 76 13.5. EMERGENCY 77 13.6. ASSIGNMENT 77 13.7. APPROVALS 78 13.8. SECURITY 78 13.9. WITHDRAWAL OR ABANDONMENT BY ALL PARTIES 78 14. RELATIONSHIP OF PARTIES AND TAX 78 14.1. RELATIONSHIP OF PARTIES 78 14.2. TAX 79 15. VENTURE INFORMATION - CONFIDENTIALITY - INTELLECTUAL PROPERTY 79 15.1. VENTURE INFORMATION 79 15.2. CONFIDENTIALITY 79 15.3. [STATE ENTITY] INFORMATION 81 15.4. INTELLECTUAL PROPERTY 81 15.5. CONTINUING OBLIGATIONS 82 15.6. TRADES 82 16. FORCE MAJEURE 82 16.1. OBLIGATIONS 82 16.2. DEFINITION OF FORCE MAJEURE 82 17. NOTICES 83 18. APPLICABLE LAW - DISPUTE RESOLUTION - WAIVER OF SOVEREIGN IMMUNITY 83 18.1. APPLICABLE LAW 83 18.2. DISPUTE RESOLUTION 83 18.3. EXPERT DETERMINATION 87 18.4. WAIVER OF SOVEREIGN IMMUNITY 87 19. CONVERSION OPTION 88 20. CROSS INDEMNITY 89 20.1. LIABILITY OF THIRD PARTIES ARISING OUT OF JOINT OPERATIONS 89 20.2. LIABILITY OF THIRD PARTIES ARSING OUT OF EXCLUSIVE OPERATIONS 89 20.3. MEANING OF PARTICIPATING INTEREST 89 21. GENERAL PROVISIONS 89 21.1. CONDUCT OF THE PARTIES 89 21.2. CONFLICTS OF INTEREST 90 21.3. PUBLIC ANNOUNCEMENTS 90 21.4. SUCCESSORS AND ASSIGNS 91 21.5. WAIVER 91 21.6. NO THIRD PARTY BENEFICIARIES 91 21.7. JOINT PREPARATION 91 21.8. SEVERANCE OF INVALID PROVISIONS 92 21.9. MODIFICATIONS 92 21.10. CONFLICT 92 21.11. COUNTERPART EXECUTION 92 21.12. ENTIRETY 92 21.13. FURTHER DOCUMENTS AND ACTS 92 Exhibit A - Accounting Procedure Exhibit B - Contract Area Exhibit C - Power of Attorney JOINT OPERATING AGREEMENT THIS AGREEMENT is made as of the (the “Effective Date”) among:
