Common use of Local Content Clause in Contracts

Local Content. Contractor’s Local Content Commitment The Contractor shall meet the following minimum mandatory percentages of Local Content: in the Exploration Phase: Global Local Content of eighteen percent (18%). In the Development Stage or for each Development Module, in case of modular Development, for the following Macro-Groups: Well Construction: twenty-five percent (25%); Production Collection and Outflow System: forty percent (40%); Stationary Production Unit: twenty-five percent (25%). The Contractor shall ensure preference to Brazilian Suppliers whenever their bids have more favorable conditions of price, deadline, and quality, or conditions equivalent to the ones submitted by foreign suppliers. The procedures for contracting goods and services directed to perform the subject matter of this Agreement shall: include Brazilian Suppliers among the suppliers invited to submit bids; provide, in Portuguese or English, the same specifications to all companies invited to submit proposals. If requested by any Brazilian company invited, the Contractor shall provide the documentation translated into Portuguese. accept equivalent specifications of Brazilian Suppliers, as long as the Best Practices of the Oil Industry are complied with. The contract for goods and services from Affiliates is also subject to the specifications in paragraph 25.3, except in the cases of services that, pursuant to the Best Practices of the Oil Industry, are usually performed by Affiliates. The Contractor shall submit to ANP, for monitoring, Reports on Local Content under Exploration and Development under the Applicable Laws and Regulations.

Local Content. ContractorConcessionaire’s Commitment with the Local Content Commitment The Contractor Concessionaire shall meet the following minimum mandatory percentages of Local Content: in In the Exploration Phase: Global Local Content of eighteen percent (18%). In the Development Stage or for each Development Module, in case of modular Development, for the following Macro-Groups: Well Construction: twenty-five percent (25%); Production Collection and Outflow System: forty percent (40%); Stationary Production Unit: twenty-five percent (25%). The Contractor Concessionaire shall ensure preference to Brazilian Suppliers whenever their bids have more favorable conditions of price, deadline, and quality, or conditions equivalent to the ones submitted by foreign suppliers. The procedures for contracting goods and services directed to perform the subject matter performance of this Agreement shall: include Brazilian Suppliers among the suppliers invited to submit bids; provide, in Portuguese or English, the same specifications to all companies invited to submit proposals. If requested by any Brazilian company invited, the Contractor Concessionaire shall provide the documentation translated into Portuguese. accept equivalent specifications of Brazilian Suppliers, as long as the Best Practices of the Oil Industry are complied with. The contract for goods and services from Affiliates is also subject to the specifications in paragraph 25.319.3, except in the cases of services that, pursuant to the Best Practices of the Oil Industry, are usually performed by Affiliates. The Contractor Concessionaire shall submit to ANP, for monitoring, Reports on Local Content under Exploration and Development Development, under the Applicable Laws and Regulations.