Common use of Excess Local Content Clause in Contracts

Excess Local Content. If the Concessionaire exceeds the Local Content required, whether in the Exploration Phase or in a Development Module, the excess amount, in national currency, may be transferred to the Development Modules to be implemented thereafter. For offshore Fields, the Operator shall indicate the Macro-Group to which the excess of the Exploration Phase shall be directed . Any excess verified in the Development Modules may be transferred only between the same Macro-Groups. Request for transfer of the excess shall be submitted to ANP within thirty (30) days of the first business day after receipt by the Operator of the Local Content Inspection Report of the Production Development Phase or subsequent Modules, in case of modular Development. The excess monetary amount shall be adjusted by the IGP-DI or any other index that may replace it.

Excess Local Content. If the Concessionaire exceeds the Local Content required, whether in the Exploration Phase or in a Development Module, the excess amount, in national currency, may be transferred to the Development Modules to be implemented thereafter. For offshore Fields, the Operator shall indicate the Macro-Group to which the excess of the Exploration Phase shall be directed directed. Any excess verified in the Development Modules may be transferred only between the same Macro-Groups. Request for transfer of the excess shall be submitted to ANP within thirty (30) days of the first business day after receipt receipt, by the Operator Operator, of the Local Content Inspection Report of the Production Development Phase or subsequent Modules, modules in case of modular Development. The excess monetary amount shall be adjusted by the IGP-DI or any other index that may replace it.

Excess Local Content. If the Concessionaire exceeds the Local Content required, whether in the Exploration Phase or in a Development Module, the excess amount, in national currency, may be transferred to the Development Modules to be implemented thereafter. For offshore In case of Offshore Fields, the Operator shall indicate the Macro-Group to which the excess of the Exploration Phase shall will be directed directed. Any excess verified in the Development Modules may be transferred only between the same Macro-Groups. Request for transfer of the excess shall be submitted to ANP within thirty (30) days of the first business day after receipt by the Operator of the Local Content Inspection Report of the Production Development Phase or subsequent Modules, in case of modular Development. The excess monetary amount shall be adjusted by the IGP-DI or any other index that may replace it.