You are viewing the translated version of उद्देश्य.
Section 1
Purpose
: (1) The purpose of this Agreement is to explore, develop and produce petroleum in the Agreement Area.
(2) Under the supervision of the Government of Nepal and in accordance with the provisions of this agreement, the contractor shall be responsible to the Government of Nepal for the execution of petroleum works.
(3) The department shall be responsible for the work related to petroleum work to be done on behalf of the Government of Nepal as stipulated in this agreement.
(4) Except as otherwise provided in this agreement, the contractor shall provide all the necessary capital, technology and manpower to carry out the petroleum work.
(5) Except as otherwise provided in this Agreement, the Petroleum Work shall be conducted by the Contractor at his own risk and expense. The expenses incurred by the contractor during such petroleum works shall be paid to the contractor in accordance with paragraph 6 of this agreement. If the business place is not found in the contract area or if the received product is insufficient to meet the contractor's expenses, the contractor will bear such loss.
(6) The contractor shall not have any rights in the petroleum in the contract area except for the right to carry out petroleum operations and receive a share from the petroleum produced as provided in this agreement.
(2) Under the supervision of the Government of Nepal and in accordance with the provisions of this agreement, the contractor shall be responsible to the Government of Nepal for the execution of petroleum works.
(3) The department shall be responsible for the work related to petroleum work to be done on behalf of the Government of Nepal as stipulated in this agreement.
(4) Except as otherwise provided in this agreement, the contractor shall provide all the necessary capital, technology and manpower to carry out the petroleum work.
(5) Except as otherwise provided in this Agreement, the Petroleum Work shall be conducted by the Contractor at his own risk and expense. The expenses incurred by the contractor during such petroleum works shall be paid to the contractor in accordance with paragraph 6 of this agreement. If the business place is not found in the contract area or if the received product is insufficient to meet the contractor's expenses, the contractor will bear such loss.
(6) The contractor shall not have any rights in the petroleum in the contract area except for the right to carry out petroleum operations and receive a share from the petroleum produced as provided in this agreement.