MODEL PRODUCTION SHARING CONTRACT …

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1MODELPRODUCTION SHARING CONTRACTBETWEENTHE GOVERNMENT OF INDIAANDXYZ COMPANY(IES)WITH RESPECT TO CONTRACT AREAIDENTIFIED ASBLOCK : ______2TABLE OF CONTENTSARTICLECONTENTSPAGE Interests123License and Exploration Period13-144Relinquishment155Work Programme16-186Management Committee19-227Operatorship, Operating Agreement and Operating Committee238General Rights and Obligations of the Parties24-259Government Assistance2610Discovery, Development and Production27-3011Petroleum Exploration License and Mining Lease31-3212Unit Development3313Measurement of Petroleum3414Protection of the Environment35-3815Recovery of Cost Petroleum39-4016Production SHARING of Petroleum41-4217Taxes, Royalties.

1 model production sharing contract between the government of india and xyz comp any(ies) with respect to contract area identified as block : _____

  Production, Sharing, Production sharing