XXIX Sharing Personnel With other Companies

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– دﺪﻌﻟا ٥٠ رﺮﻜﻣ )ج( ﻰﻓ ١٨ ﺮﺒﻤﺴﯾد ﺔﻨﺳ٢٠٢١ ﺔﯿﻤﺳﺮﻟا ةﺪﯾﺮﺠﻟا

It is agreed that: i. Party “A” shall nominate its full Entitlement before exercising its make-up rights, and ii. Party “A” shall notify Party “B” and Operating Company of its intention to exercise above referred to option at the same time it is making its Nomination pursuant to Paragraph (f) 2- of this Article VI, and iii. In the event Party “A” is EGPC, EGPC shall not simultaneously exercise its make-up right under this paragraph and its options to take fifty percent (50%) of its

Excess Cost Recovery Crude Oil in kind, and iv. EGPC’s option to take fifty percent (50%) of the Excess Cost

Recovery Crude Oil in kind shall, subject to the above referred to notification, be resumed immediately after the total

Deemed Over-lift is made up for, and v. In no event should the make-up quantity infringe on the volume of Crude Oil required for EGPC and CONTRACTOR to recover the total allowable recoverable costs, during any quarter, with such requirements of Crude Oil based provisionally on the latest statement of Cost Recovery

Crude Oil.

4- It is the intent of this Paragraph (g) to recognize that neither Party shall take and dispose of more than the recoverable volume of the Crude Oil in the reservoir to which it is entitled

under this Agreement. لوادتلا دنع اهب دتعي لا ةينورتكلإ ةروص

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– دﺪﻌﻟا ٥٠ رﺮﻜﻣ )ج( ﻰﻓ ١٨ ﺮﺒﻤﺴﯾد ﺔﻨﺳ٢٠٢١ ﺔﯿﻤﺳﺮﻟا ةﺪﯾﺮﺠﻟا

(h) If and for as long during the period of production operations there exists an excess capacity in facilities which cannot during the period of such excess be used by the Operating Company, EGPC shall have the right to use the excess capacity if it so desires without any financial or operational disadvantage to the

CONTRACTOR or the Operating Company.

ARTICLE VII RECOVERY OF COSTS AND EXPENSES AND PRODUCTION SHARING (a) Cost Recovery:

Subject to the auditing provisions under this Agreement, لوادتلا دنع اهب دتعي لا ةينورتكلإ ةروصCONTRACTOR shall recover out of forty percent (40 %) of all Oil produced and saved from the Area hereunder and not used in Petroleum operations such Oil is hereinafter referred to as "Cost Recovery Oil " all the below mentioned expenditures: 1) All quarterly costs, expenses and expenditures paid and incurred within the “Original Development Area” starting from the Effective Date with respect to all the Exploration, Development, and related operations under this Agreement and which were approved by EGPC, including all the expenditures related to operations referred to in Article IV (b). 2) All costs, expenses and expenditures in respect of all the Exploration and Development activities paid and incurred under the Original Concession Agreement which were approved by EGPC and not fully amortized and recovered by CONTRACTOR before the Effective Date, in accordance with the relevant amortization schedule under the Original Concession Agreement. 3) The carry forward balance as stated under the latest cost recovery statement issued under the Original Concession Agreement before the Effective Date.