Legal/Tax Seminar and Technical Workshop Main Sessions • Concession Agreement Review; • Government Take; • Brazilian Taxes; • Exchange Controls; • Oil/Gas/Products Import/Export Regulations; • Access to Infrastructure and Distribution; • Environmental Regulations and Permitting; • Qualification of the Brazilian Suppliers for the • Qualification and Bidding Procedures. Oil&Gas Industry The presentations took place in the main auditorium (São Pedro da Aldeia). The main presentations were open to all. Simultaneous translation facilities as well as dual language (Portuguese and English) presentations and handouts were available. Attendees were able to ask questions if they wish, although the principal forum for discussion were the technical sessions. While the presentations covered all relevant concepts for those companies that did not participate in Brasil Rounds 1, 2 & 3, the focus was on the progress that has been made over the past year, addressing issues of special interest to the companies. Breakout Sessions (round tables) There were be several "Breakout Sessions", lasting up to 60 minutes for each subject area. These sessions were scheduled to take place after the main presentation on each subject. The objective was to allow the attendees to discuss and clarify points of interest with the ANP representatives. These sessions were limited to 20-25 persons in order to make them as interactive and productive as possible. Technical Workshops The Technical Workshop Sessions took place during the morning and afternoon on both days. In each session, ANP representatives made a presentation on each Basin lasting up to 30 minutes, including the logic behind the Minimum Exploratory Program for the Blocks to be licensed. Simultaneous translation facilities as well as dual language (Portuguese and English) presentations were available, followed by an interactive session dependent upon the attendees' contribution. Each session took up to approximately 50 people and each Basin was presented once. ANP technical personnel were also available to answer questions and display data on interactive workstations. Program for Brasil Round 4 Legal and Technical Conference and Workshop Main Session Workshops (São Pedro da Aldeia Ballroom) (Location as Noted) Tuesday, March 19 9:00- - Welcome and 9:30 Introductory Remarks Sebastião do Rego Barros General Director, ANP - Brasil Round 4 John Forman Director, ANP 9:3010:30 10:3011:00 11:0012:00 12:0012:30 12:3014:00 14:0015:30 15:3016:00 - Seminar Format and Housekeeping Ivan Simões Filho, ANP - Concession Agreement: Changes from Round 3 Sonia Maria Agel da Silva Ivan Simões Filho, ANP Coffee Break 1. São Francisco Basin (Búzios Ballroom, 10:00) - Technical Regulations · New regulations · Procedures governing E&P activities Osvair Trevisan Oswaldo Pedrosa, ANP - E&P Data Bank (BDEP) Sergio Possato, ANP Lunch 1. Parnaíba Basin - Brazilian Fiscal Regime · Income Tax · VAT · Import duties (REPETRO) · Withholding taxes · Municipal and State taxes · Social Contributions Guido Vinci, Veirano & Advogados Associados 1. Potiguar Basin - Exchange Controls · Obligation to repatriate and convert export proceeds · Conversion and transfer restrictions · US Dollar Accounts Laércio Pellegrino Filho, Veirano & Advogados Associados Coffee Break (Búzios Ballroom, 11:00) 2. Amazonas Basin (Búzios Ballroom, 11:30) 1. Solimões Basin (Búzios Ballroom, 12:00) (Búzios Ballroom, 14:00) 2. Concession Agreement (Angra Room, 14:00 ) 3. Technical Regulations (Búzios 1 Room, 14:00 ) 4. E&P Data Bank (BDEP) (Cardeiros Room, 14:00) 5. Barreirinhas Basin (Búzios Ballroom, 14:30) 6. São Luís Basin (Búzios Ballroom, 15:00) 16:0017:00 - Government Take Under Oil Law · Signature Bonus · Royalties · Special Participation · Occupation and Retention Fee · Fee to Landowners José Gutman, ANP 1. Pará-Maranhão Basin (Búzios Ballroom, 16:00) 2. Concession Agreement (Angra Room, 16:00) 3. Technical Reporting (Búzios 1 Room, 16:00) 4. E&P Data Bank (BDEP) (Cardeiros Room, 16:00) 5. Foz do Amazonas Basin (Búzios Ballroom, 16:30) 17:0018:00 - Qualification of the Brazilian Suppliers for the Oil&Gas Industry Eduardo Rappel Director, ONIP Main Session (São Pedro da Aldeia Ballroom) Wednesday, March 20 9:00- - Environmental Regulation 10:30 and Permits for Drilling, Pipelines, Infrastructure, etc Oscar Couto, Lobo & Ibeas Workshops (Location as Noted) 1. Campos, Santos and Pelotas Basin (Búzios Ballroom, 09:00) 2. Government Take (Angra Room, 09:00) 3. Tax/Exchange Control (Cardeiros Room, 09:00) 10:3011:00 11:0012:30 12:3014:00 14:0015:30 Coffee Break - Hydrocarbon Transportation (Import/Export Regulations, Gas prices, Access to Infrastructure / Distribution) Cesario Cecchi, ANP Carlos Valois Maciel Braga, ANP Lunch - Bidding Procedures · Final qualifications · Bid criteria · Formation of Consortia · Letters of Credit (Bid Bond, Minimum Work Program) · Performance guarantees Ivan Simões Filho, ANP 1. Espírito Santo Basin (Búzios Ballroom, 11:00) 2. Government Take (Angra Room, 11:00) 3. Tax/Exchange Control (Cardeiros Room, 11:00) 4. Cumuruxatiba and Jequitinhonha Basin (Búzios Ballroom, 11:30) 1. Recôncavo Basin (Búzios Ballroom, 14:00) 2. Hydrocarbon Transportation (Gas Prices)/Imports&Exports (Búzios 1 Room, 14:00) 3. Environment (Cardeiros Room, 14:00) 4. Sergipe-Alagoas Basin (Búzios Ballroom, 14:30) 5. Hydrocarbon Transportation (Gas Prices)/Imports&Exports (Búzios 1 Room, 14:45) 6. Pernambuco-Paraíba Basin (Búzios Ballroom, 15:00) 7. Bidding Procedures (Angra Room, 15:00) 8. Environment (Cardeiros Room, 15:00) 15:3016:00 16:0017:00 Coffee Break