Amendatory Letter to Area of Mutual Interest Agreement between EEX Corporation and BP Exploration & Production Inc. (July 17, 2002)

Summary

EEX Corporation and BP Exploration & Production Inc. have agreed to amend their Area of Mutual Interest Agreement related to the Treasure Island Project in the Gulf of Mexico. The amendment extends the deadline for EEX to notify BP about revising certain agreement provisions from August 15, 2002, to November 30, 2002. This change is prompted by EEX's anticipated merger with Newfield Exploration Company. Both parties have signed the letter to confirm their agreement to this extension.

EX-10.4 6 dex104.txt AMENDATORY LETTER DATED JULY 17, 2002 EXHIBIT 10.4 [EEX LETTERHEAD] July 17, 2002 BP Exploration & Production Inc. Attention: Mr. E. Peter Zseleczky 501 WestLake Park Boulevard Houston, Texas 77079 Re: AMENDATORY LETTER TO AREA OF MUTUAL INTEREST AGREEMENT Asset Purchase, Farmout & Joint Exploration Agreement dated March 1, 2002 Treasure Island Project OCS Gulf of Mexico Gentlemen: Reference is made to that certain Area of Mutual Interest Agreement ("AMI Agreement") dated May 8, 2002, by and between EEX Corporation ("EEX") and BP Exploration & Production Inc. ("BP"). Due to circumstances arising as a result of the anticipated merger of EEX and Newfield Exploration Company, EEX respectfully requests that BP agree to amend the AMI Agreement to provide for an extension of time in which EEX may provide written notification to BP of its desire to revise the AMI Provisions to limit the AMI depths, as set forth in the AMI Agreement. Therefore, by its execution in the manner provided hereinbelow, BP agrees to amend the AMI Agreement such that the date August 15, 2002 shall be deleted wherever it appears in the AMI Agreement, and substituted therefor shall be the date November 30, 2002. Please note that two originals of this letter are enclosed for execution by BP. One of the originals should be returned to EEX. The remaining original is to be retained by you for your files. EEX greatly appreciates the cooperation of BP in this matter. Should you require any clarification or additional information, please contact the undersigned at ###-###-####. Sincerely yours, EEX CORPORATION /s/ Ben Davis ---------------------------- Ben Davis Land Manager-Offshore AGREED TO AND ACCEPTED THIS 25/th/ DAY OF July, 2002 BP EXPLORATION & PRODUCTION INC. By: /s/ Dale B. Morrison ---------------------------------------- Printed Name: Dale B. Morrison -------------------------- Title: Attorney-in-Fact ------------------------------------