risks are taken into account with priority in the Consortium’s process. The personnel referred to in item must be designated “a” pursuant to the Best Practices of the Oil Industry and be directly proportional to the operational and environmental risks assumed by the Operator. The monitoring center referred to in item must be located “b” onshore and provided with technology and size compatible with the risks assumed by the Operator pursuant to the Best Practices of the Oil Industry. Licenses, Authorizations, and Permits The Contractors shall, at their own account and risk, obtain all licenses, authorizations, and permits required under the Applicable Laws and Regulations. If the licenses, authorizations, and permits depend on a third-party agreement, the negotiation and execution of such agreements shall be the sole responsibility of the Contractors, and the Contracting Party and ANP may provide the assistance described in paragraph 20.6. The Contractor shall be held liable for infringement of the right to use materials and execution processes protected by trademarks, patents, or other rights, and it shall pay any obligations, liens, commissions, indemnifications, or other expenses arising from such infringement, including legal expenses. Free Access to the Contract Area During the effectiveness of this Agreement, the Consortium Members have free access to the Contract Area and its facilities. Drilling and Abandonment of The Consortium Members shall previously notify ANP of the start of drilling of any well in the Contract Area. The Consortium Members may interrupt the well drilling and abandon it before achieving the exploratory objective established, pursuant to the Applicable Laws and Regulations and according to the Best Practices of the Oil Industry. If the well is part of the Minimum Exploration Program and does not achieve its exploratory objective established in Annex II, its drilling shall not be calculated for purposes of compliance with the Minimum Exploration Program, unless ANP, at its sole discretion, so decides. ANP may exceptionally authorize drilling of wells in locations outside the Contract Area, due to Production Individualization Agreements or environmental issues.
risks are taken into account with priority in the Consortium’s process. The personnel referred to in item “a” must be designated pursuant to the Best Practices of the Oil Industry and be directly proportional to the operational and environmental risks assumed by the Operator. The monitoring center referred to in item “b” must be located onshore and provided with technology and size compatible with the risks assumed by the Operator pursuant to the Best Practices of the Oil Industry. Licenses, Authorizations, and Permits The Contractors shall, at their own account and risk, obtain all licenses, authorizations, and permits required under the Applicable Laws and Regulations. If the licenses, authorizations, and permits depend on a third-party agreement, the negotiation and execution of such agreements shall be the sole responsibility of the Contractors, and the Contracting Party and ANP may provide the assistance described in paragraph 20.6. The Contractor shall be held liable for infringement of the right to use materials and execution processes protected by trademarks, patents, or other rights, and it shall pay any obligations, liens, commissions, indemnifications, or other expenses arising from such infringement, including legal expenses. Free Access to the Contract Area During the effectiveness of this Agreement, the Consortium Members have free access to the Contract Area and its facilities. Drilling and Abandonment of The Consortium Members shall previously notify ANP of the start of drilling of any well in the Contract Area. The Consortium Members may interrupt the well drilling and abandon it before achieving the exploratory objective established, pursuant to the Applicable Laws and Regulations and according to the Best Practices of the Oil Industry. If the well is part of the Minimum Exploration Program and does not achieve its exploratory objective established in Annex II, its drilling shall not be calculated for purposes of compliance with the Minimum Exploration Program, unless ANP, at its sole discretion, so decides. ANP may exceptionally authorize drilling of wells in locations outside the Contract Area, due to Production Individualization Agreements or environmental issues.
INGLES_minuta_contrato_lp4_SEM_operacao_petrobras.docx