BASE SPLIT COMPONENT

Government Split Contractor Split

Oil 57% 43%
Gas 52% 48%

PROGRESSIVE COMPONENT
Characteristic Parameter Contractor Split Correction
Oil Price
(85 - ICP) x 0.25%
US$/bbl
<7 (7 - Price) x 2.5%
Gas Price
7 - 10 0
US$/MM BTU
> 10 (10 - Price) x 2.5%
< 30 10%
Oil and Gas 30 ≤ x < 60 9%
Cummulative 60 ≤ x < 90 8%
Production MM 90 ≤ x < 125 6%
BOE 125 ≤ x < 175 4%
≥ 175 0%

VARIABLE COMPONENT
Characteristic Parameter Contactor Split Correction
POD I 5%
Field Status POD II 3%
No POD 0%
Onshore 0%
Offshore (0 < h ≤ 20) 8%
Field Location, Offshore (20 < h ≤ 50) 10%
h = sea depth (m) Offshore (50 < h ≤ 150) 12%
Offshore (150 < h ≤ 1000) 14%
Offshore (h ≥ 50) 16%
VARIABLE COMPONENT (cont'd)
Characteristic Parameter Contractor Split Correction
Reservoir Depth ≤ 2500 0%
(m) > 2500 1%
Well developed 0%
Support
New frontier offshore 2%
Infrastructure
New frontier onshore 4%

Reservoir Conventional 0%
Condition
Non conventional 16%
<5 0.0%
5 ≤ x < 10 0.5%
10 ≤ x < 20 1.0%
CO2 Content (%)
20 ≤ x < 40 1.5%
40 ≤ x < 60 2.0%
x ≥ 60 4.0%
< 100 0.0%
100 ≤ x < 1000 1.0%
1000 ≤ x < 2000 2.0%
H2S Content (%)
2000 ≤ x < 3000 3.0%
3000 ≤ x < 4000 4.0%
x ≥ 4000 5.0%
< 25 1%
Oil API Gravity
≥ 25 0%
30 ≤ x < 50 2%
Local Content
50 ≤ x < 70 3%
(%)
70 ≤ x < 100 4%
Primary 0%
Production Phase Secondary 6%
Tertiary 10%
 Variable Component
Variable Component
No. (Ministral Regulation No. 52,
(Pg Incentive)
2017)

1 Region Status Region Status

2 Production Stage Production Stage

3 Reservoir Depth (m) Reservoir Depth (m)

4 Infrastructure Availability Infrastructure Availability

5 Reservoir Type Reservoir Type

6 CO2 Content CO2 Content

7 H2S Content H2S Content

8 API API

9 Domestic Component Level Domestic Component Level

10 Field Location (m) Field Location (m)

11 Probability of Geological Success

 nt
Variable Component
No. 52,
(Pg Incentive)

Region Status

Production Stage

) Reservoir Depth (m)

lity Infrastructure Availability

Reservoir Type

CO2 Content

H2S Content

API

Level Domestic Component Level

Field Location (m)

Probability of Geological Success

 BASE SPLIT COMPONENT 48%
Government Split Contractor Split
Oil 57% 43%
Gas 52% 48%
PROGRESSIVE COMPONENT
Characteristic Parameter Contactor Split Correction
Oil Price
(85 - ICP) x 0.25%
US$/bbl
<7 (7 - Price) x 2.5%
Gas Price
7 - 10 0
US$/MM BTU
> 10 (10 - Price) x 2.5%
< 30 10%
Oil and Gas 30 ≤ x < 60 9%
Cummulative 60 ≤ x < 90 8%
Production MM 90 ≤ x < 125 6%
BOE 125 ≤ x < 175 4%
≥ 175 0%
VARIABLE COMPONENT
1 POD I 5%
Field Status POD II 3%
No POD 0%
1 Onshore 0%
Offshore (0 < h ≤ 20) 8%
Field Location, Offshore (20 < h ≤ 50) 10%
h = sea depth (m) Offshore (50 < h ≤ 150) 12%
Offshore (150 < h ≤ 1000) 14%
Offshore (h ≥ 50) 16%
3 Reservoir Depth ≤ 2500 0%
(m) > 2500 1%
4 Well developed 0%
Support
New frontier offshore 2%
Infrastructure
New frontier onshore 4%
5 Reservoir Conventional 0%
Condition Non conventional 16%
6 <5 0.0%
5 ≤ x < 10 0.5%
10 ≤ x < 20 1.0%
CO2 Content (%)
20 ≤ x < 40 1.5%
40 ≤ x < 60 2.0%
x ≥ 60 4.0%
7 < 100 0.0%
100 ≤ x < 1000 1.0%
H2S Content (%)
 1000 ≤ x < 2000 2.0%
H2S Content (%)
2000 ≤ x < 3000 3.0%
3000 ≤ x < 4000 4.0%
x ≥ 4000 5.0%
8 < 25 1%
Oil API Gravity
≥ 25 0%
9 30 ≤ x < 50 2%
Local Content
50 ≤ x < 70 3%
(%)
70 ≤ x < 100 4%
10 Primary 0%
Production Phase Secondary 6%
Tertiary 10%

PROPOSED ADDITIONAL VARIABEL COMPONENT

11 Very Low 0%
Geological Risk Low 2.5%
Moderate 5%
 91%
48%

43%
0%

5% 5

10%

5%

16%

1%

2%

0%

4.0%
5.0%
0%

4%
0%
 Variable Component
Variable Component
No. (Ministral Regulation No. 52,
(Pg Incentive)
2017)

1 Region Status Region Status

2 Production Stage Production Stage

3 Reservoir Depth (m) Reservoir Depth (m)

4 Infrastructure Availability Infrastructure Availability

5 Reservoir Type Reservoir Type

6 CO2 Content CO2 Content

7 H2S Content H2S Content

8 API API

9 Domestic Component Level Domestic Component Level

10 Field Location (m) Field Location (m)

11 Probability of Geological Success