Ophir Information, page-40

Upfront investment of capital is contributed by OPSB who is compensated, following commencement of production, via the reimbursement of costs plus a remuneration fee for services rendered. The remuneration fee is linked to production volume and capital cost key performance indicators. Reimbursement of capital and operating costs is guaranteed to OPSB by PETRONAS pursuant to the RSC. Our interest in OPSB is equity accounted with the result that the value of our equity investment and advances made to OPSB are reduced by our share of OPSB losses (being costs that are not reimbursable from PETRONAS, such as financing costs). Our advances and the equity investment are expected to be recovered from OPSB after it has repaid its project financing facilities.

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