Transcription of MODEL PRODUCTION SHARING CONTRACT …
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MODEL PRODUCTION SHARING CONTRACT …
1 MODELPRODUCTION SHARING CONTRACTBETWEENTHE GOVERNMENT OF INDIAANDXYZ COMPANY(IES)WITH RESPECT TO CONTRACT AREAIDENTIFIED ASBLOCK : _____2 TABLE OF CONTENTSARTICLECONTENTSPAGE Interests123 License and Exploration Period13-144 Relinquishment155 Work Programme16-186 Management Committee19-227 Operatorship, Operating Agreement and Operating Committee238 General Rights and Obligations of the Parties24-259 Government Assistance2610 Discovery, Development and Production27-3011 Petroleum Exploration License and Mining Lease31-3212 Unit Development3313 Measurement of Petroleum3414 Protection of the Environment35-3815 Recovery of Cost Petroleum39-4016 PRODUCTION SHARING of Petroleum41-4217 Taxes, Royalties, Rentals, Duties, Supply, Sale, Disposal and Export of Crude Oil and Condensate4619 Valuation of Petroleum47-4820 Currency and Exchange Control Provisions4921 Natural Gas50-5422 Employment, Training and Transfer of Technology5523 Local Goods and Services5624 Insurance and Indemnification5725 Records, Reports.
1 model production sharing contract between the government of india and xyz comp any(ies) with respect to contract area identified as block : _____
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