Common use of THE OPERATING ACCOUNT Clause in Contracts

THE OPERATING ACCOUNT. 1.4 The Costs relating to the purpose of the Contract shall be recorded in the Operating Account in the Period in which they are incurred in accordance with the classifications of Costs published by the Fund and in accordance with the provisions of subsection 1.7 of this Annex 4. 1.5 For purposes of the payment of Considerations, the amounts of the items referenced in the subsection above will not be adjusted for inflation for purposes of their recovery. 1.6 The Operator shall not duplicate Costs that have already been recorded in the Operating Account. If the Consortium participates in more than one Contract, the Operator may only record the amounts supported and/or detailed by the “Digital Tax Vouchers via the Internet” (“Comprobante Fiscal Digital por Internet”) and/or receipts for residents abroad that correspond to the Costs actually incurred for the performance of activities under the Contract. [illegible signatures] 1.7 The Operator must record the Costs by category under, Activity, Sub-activity and Task; Cost Center; cost category and import account established for such purposes on the Fund’s information system in accordance with the Work Program and Budget authorized by CNH. With respect to the Activities, Sub-activities and Tasks, the following categories should be included, as applicable: Exploration General Technical economic evaluations. Information gathering. Administration, management of activities and project expenses. Information review and evaluation. Geophysical Seismic acquisition, 2D, 3D, 4D, multicomponent. Pre-processing, processing, interpretation and reprocessing of seismic data. Magneto metric elevations, acquisition, processing and interpretation. Gravimetric elevations, acquisition processing and interpretation. Geology Geochemical analysis of samples. Stratigraphic studies Hydrocarbon Analysis. Regional geological studies. Detail geological studies.

THE OPERATING ACCOUNT. 1.4 The Costs relating to the purpose of the Contract shall be recorded in the Operating Account in the Period in which they are incurred in accordance with the classifications of Costs published by the Fund and in accordance with the provisions of subsection 1.7 of this Annex 4. 1.5 For purposes of the payment of Considerations, the amounts of the items referenced in the subsection above will not be adjusted for inflation for purposes of their recovery. 1.6 The Operator shall not duplicate Costs that have already been recorded in the Operating Account. If the Consortium participates in more than one Contract, the Operator may only record the amounts supported and/or detailed by the “Digital Tax Vouchers via the Internet” Internet (“Comprobante Fiscal Digital por Internet”) and/or receipts for residents abroad that correspond to the Costs actually incurred for the performance of activities under the Contract. [illegible signatures] 1.7 The Operator must record the Costs by category under, Activity, Sub-activity and Task; Cost Center; cost category and import account established for such purposes on the Fund’s information system in accordance with the Work Program and Budget authorized by CNH. With respect to the Activities, Sub-activities and Tasks, the following categories should be included, as applicable: Exploration General Technical economic evaluations. Information gathering. Administration, management of activities and project expenses. Information review and evaluation. Geophysical Seismic acquisition, 2D, 3D, 4D, multicomponent. Pre-processing, processing, interpretation and reprocessing of seismic data. Magneto metric r elevations, acquisition, processing and interpretation. Gravimetric elevations, acquisition processing and interpretation. Geology Geochemical analysis of samples. Stratigraphic studies studies. Hydrocarbon Analysis. Regional geological studies. Detail geological studies.