Risk Services Agreement Angola

MC JURIST Angola Advogados (MC JURIST) is a boutique-type corporate and investment firm based in Luanda, specializing in legal and tax advice to companies that carry out activities and/or participations in the Republic of Angola. MC JURIST was established in early 2009 in Angola with a liaison office in Lisbon by Nuno de Miranda Catanas and Ana Martins de Carvalho, who have been working together for more than 20 years, including in Macau, Hong Kong, Singapore and Angola. MC JURIST currently has 20 honorary salaries in Angola and Portugal, with extensive experience in industrial sectors such as oil services, private equity, banking and insurance. MC JURIST focuses mainly on the following activities: oil and gas, business and investment, taxation and customs, employment and personnel assistance. During an official visit to France by João Lourenço, President of the Republic of Angola, Patrick Pouyanné, Chairman and Chief Executive Officer of Total (Paris:FP) (LSE:TTA) (NYSE:TOT), and Carlos Saturnino, Chairman of the Board of Directors of Sonangol, signed several agreements on the group`s upstream and downstream activities in Angola. In 2018, Total and Sonangol entered into a 50-50 partnership in the deep-water exploration of Block 48 as part of a risk service agreement. The block with a drilling opportunity extends over an area of 3600 square kilometers and is expected to be drilled as part of a 2020-2021 drilling program. This document may contain forward-looking information and statements based on a range of economic data and assumptions made in a particular economic, competitive and regulatory environment. They may prove to be imprecise in the future and subject to a number of risk factors. Nor TOTAL S.A. nor does any of its affiliates assume any obligation to publicly update any forward-looking information or any statements, objectives or trends contained herein, whether as a result of new information, future events or otherwise. With regard to the use of Angolan goods and services, all companies that collaborate in the realization of oil operations, namely licensees, the national concessionaire and its partners, purchase Angolan production materials, equipment, machinery and consumer goods, as well as local service providers. It should be noted, however, that the purchase of local goods and services can never exceed 10% of the costs that would result from similar foreign services and goods, provided that these amounts include transport costs, insurance and customs duties due.

In such a scenario, mineral oil providers and suppliers are considered ordinary private foreign investors subject to the general investment obligation to submit an investment project in order to obtain tax incentives and obtain investor visas so that foreign persons can legally stay in Angolan territory for long periods (c) define the rules for the execution of geological and geophysical services es: oil exploration is applied; for the purpose of establishing a seismic survey for commercialization on a non-exclusive basis; Angola`s oil and gas sector is considered to be in the public interest and accounts for the vast majority of the country`s source of revenue. . . .