The Concessionaire will not be entitled to any payment, compensation, restitution, reimbursement or indemnity in case of failure of the Rehabilitation Phase or lack of marketability of any possible Discoveries in the Concession Area. The Concessionaire is solely civilly responsible for its own actions and those of its agents and subcontractors, as well as for the repair of any damage caused by the Operations and their performance, regardless of fault. The Federal Government and the ANP must be compensated for any charges that incur as a result of possible future claims prompted by acts of the responsibility of the Concessionaire, which is also responsible for such compensation. The Federal Government and the ANP will not take any risks or operating losses, nor will be liable for costs, investments and damages related to the Operations and their consequences. Ownership of Oil and/or Natural Gas The Federal Government is the owner of the Deposits of Oil and Natural Gas within the national territory, in the continental platform and in the exclusive economic zone, according to the article 20, section V and IX of the Federal Constitution and with article 3 of Law no. 9748/97. It will be the Concessionaire's responsibility only the ownership of the Oil and Natural Gas to be effectively produced and conferred to at the Measurement Point of the Production, through original acquisition and the terms in this Contract. The Concessionaire will be subject to the burdens related to the taxes and the government participation, as well as other provided by the Applicable Law. Other Natural Resources This Contract is not valid for any other natural resources which may exist in the Concession Area. It is forbidden for the Concessionaire to use, enjoy or dispose, in any ways and under any titles, totally or partially, of any other natural resources which may exist in the Concession Area other than Oil and Natural Gas, except when authorized by ANP, in accordance with the Applicable Law. The Discovery of natural resources other than Oil and Natural Gas must be notified to the ANP within 72 (seventy-two) hours. The Concessionaire must comply with the instructions and allow the implementation of relevant measures determined by the ANP or other competent authorities. Until such instructions are not submitted to it, the Concessionaire must abstain from any action that may involve risk or in any ways, hinder the discovered natural resources.
The Concessionaire will not be entitled to any payment, compensation, restitution, reimbursement or indemnity in case of failure of the Rehabilitation Phase or lack of marketability of any possible Discoveries in the Concession Area. The Concessionaire is solely civilly responsible for its own actions and those of its agents and subcontractors, as well as for the repair of any damage caused by the Operations and their performance, regardless of fault. The Federal Government and the ANP must be compensated for any charges that incur as a result of possible future claims prompted by acts of the responsibility of the Concessionaire, which is also responsible for such compensation. The Federal Government and the ANP will not take any risks or operating losses, nor will be liable for costs, investments and damages related to the Operations and their consequences. Ownership of Oil and/or Natural Gas The Federal Government is the owner of the Deposits of Oil and Natural Gas within the national territory, in the continental platform and in the exclusive economic zone, according to the article 20, section V and IX of the Federal Constitution and with article 3 of Law no. 9748/97. It will be the Concessionaire's responsibility only the ownership of the Oil and Natural Gas to be effectively produced and conferred to at the Measurement Point of the Production, through original acquisition and the terms in this Contract. The Concessionaire will be subject to the burdens related to the taxes and the government participation, as well as other provided by the Applicable Law. Other Natural Resources This Contract is not valid for any other natural resources which may exist in the Concession Area. It is forbidden for the Concessionaire to use, enjoy or dispose, in any ways and under any titles, totally or partially, of any other natural resources which may exist in the Concession Area other than Oil and Natural Gas, except when authorized by ANP, in accordance with the Applicable Law. The Discovery of natural resources other than Oil and Natural Gas must be notified to the ANP within 72 (seventy-two) hours. The Concessionaire must comply with the instructions and allow the implementation of relevant measures determined by the ANP or other competent authorities. Until such instructions are not submitted to it, the Concessionaire must abstain from any action that may involve risk or in any ways, hinder the discovered natural resources.
Concession_Contract_minuta-de_contrato.docx