Minerals Report - International Seabed Authority

with its obligations under the terms of the concession agreement and
applicable Brazilian legislation.
The concessionaire shall keep ANP constantly informed about the
progress and results of the operations, in accordance with oil industry best
practice including regarding timing and format. Based on such principles and
without limiting its application, the concessionaire shall always have ready
for ANP disposal, in addition to other documents required in the concession
agreement, copies of maps, sections and profiles, geological and geophysical
data and information, including interpretations, data, wells records and test,
as well as reports and other documents defined in specific regulations, which
contain the necessary information for the characterisation of the work process,
obtained as a result of the operations.
As long as within the limits of its attributions and competence, ANP
may, upon the receipt of a written request of the concessionaire, authorise the
location or construction of installations or equipment outside the concession
area, in order to complement or optimise the logistics or infrastructure related
to the operations.
The planning and performance of any abandonment operations,
including with regard to the areas, wells, structures, fields, transfer lines, parts
or units of surface and subsurface installations, in land and in the sea, shall be
done in accordance with applicable Brazilian legislation and oil industry best
practice, as well as in observance of the provisions related to environment
protection.
The concessionaire shall adopt, at its own cost and risk, all the
necessary measures for the conservation of reservoirs and other natural
resources and for the protection of the air, soil and water in the surface or in
the subsurface, subject to the Brazilian legislation and rules about
environment and, in their absence or lack, adopting oil industry best practice
with this regard. Within this principle, and without limiting its application,
the concessionaire is obliged to, as a general rule, and with respect to the
execution of the operations, as well as the relinquishment and abandonment
of areas and removal and reversion of assets, to preserve the environment and
protect the harmony of the ecosystem in the concession area, to avoid the
occurrence of damage to the fauna, flora and the natural resources, to attend
INTERNATIONAL SEABED AUTHORITY 835