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Section 10
Work Obligations
: (1) The Contractor shall perform at least the following work obligations during the Preliminary Exploration Period: Work Obligations Amount
(mentioning details)………….. …………………………….. ……………..…. meters depth or economic US dollar (…………..) investment whichever comes first up to ………. Digging a well. The contractor has arranged petroleum expenditure of ……… (…………) dollars to fulfill such work obligations. The amount which has been distributed among the various sections for the work obligations mentioned above.
(2) The contractor shall fulfill at least the following work obligations during the exploration period to be added for the first time. (mentioning particulars)…………………… …………….……………………………………………………. Meter depth or US dollar (……….) economic investment whichever is earlier to drill a well up to …………. The contractor has arranged petroleum expenditure of ……… (…………) dollars to fulfill such work obligations. The amount which has been distributed in various sections for the work obligations mentioned above.
(3) The contractor shall fulfill at least the following work obligations during the second extended exploration period: Work Responsibilities Amount (mentioning details)…………………………………………. Drilling wells up to ………………………………………… meter depth or US Dollar (……….) economic investment whichever comes first. The contractor has arranged petroleum expenditure of ……… (…………) dollars to fulfill such work obligations. The amount which has been distributed in various sections for the above mentioned work obligations.
(mentioning details)………….. …………………………….. ……………..…. meters depth or economic US dollar (…………..) investment whichever comes first up to ………. Digging a well. The contractor has arranged petroleum expenditure of ……… (…………) dollars to fulfill such work obligations. The amount which has been distributed among the various sections for the work obligations mentioned above.
(2) The contractor shall fulfill at least the following work obligations during the exploration period to be added for the first time. (mentioning particulars)…………………… …………….……………………………………………………. Meter depth or US dollar (……….) economic investment whichever is earlier to drill a well up to …………. The contractor has arranged petroleum expenditure of ……… (…………) dollars to fulfill such work obligations. The amount which has been distributed in various sections for the work obligations mentioned above.
(3) The contractor shall fulfill at least the following work obligations during the second extended exploration period: Work Responsibilities Amount (mentioning details)…………………………………………. Drilling wells up to ………………………………………… meter depth or US Dollar (……….) economic investment whichever comes first. The contractor has arranged petroleum expenditure of ……… (…………) dollars to fulfill such work obligations. The amount which has been distributed in various sections for the above mentioned work obligations.