Common use of Social Projects Clause in Contracts

Social Projects. The Contractor commits to undertake social projects during the Exploration Period valued at US$17,000,000 (seventeen million United States dollars), capped at US$15,000,000 (fifteen million United States dollars) in the Exploration Phase I, US$1,000,000 (one million United States dollars) in Exploration Phase II and US$1,000,000 (one million United States dollars) in Exploration Phase III. If Petroleum is produced from the Contract Area, the Contractor shall undertake additional social projects according to the following schedule:

Social Projects. The Contractor commits to undertake social projects during the Exploration Period valued at US$17,000,000 (seventeen million United States dollars), capped at US$15,000,000 (fifteen million United States dollars) in the Exploration Phase I, US$1,000,000 (one million United States dollars) in Exploration Phase II and US$1,000,000 (one million United States dollars) in Exploration Phase III. If Petroleum is produced from the Contract Area, the Contractor shall undertake additional social projects according to the following schedule:: Cumulative Production (millions of Barrels or Barrels equivalent) Value (US$ million) of Project

Social Projects. The Contractor commits to undertake social projects during the Exploration Period valued at US$17,000,000 (seventeen million United States dollars), capped at US$15,000,000 (fifteen million United States dollars) in the Exploration Phase I, US$1,000,000 I,OOO,OOO (one million United States dollarsdoIlars) in Exploration Phase II and US$1,000,000 (one I,OOO,OOO(one million United States dollarsdoIlars) in Exploration Phase III. Ill. If Petroleum Petroleurn is produced from the Contract Area, the Contractor shall ▇▇▇▇▇ undertake additional social projects according to the following schedule:: 40 5.0 60 7.5