MODEL PRODUCTION SHARING CONRTRACT 
                                      
                                      
                                      
                                      
                    FIFTH OFFER OF BLOCKS 
                                      
                                      
                                      
                                      
                                      
                                      
                                      
              MINISTRY OF PETROLEUM & NATURAL GAS  
                        GOVERNMENT OF INDIA 
                                   2005
                                      
                                      
                                      
                                     i 
                                            
                                            
                                       MODEL 
                                            
                                            
                                            
                           PRODUCTION SHARING CONTRACT 
                                            
                                            
                                      BETWEEN 
                                            
                                            
                              THE GOVERNMENT OF INDIA 
                                            
                                            
                                         AND 
                                            
                                  XYZ COMPANY(IES) 
                                            
                                            
                                            
                          WITH RESPECT TO CONTRACT AREA 
                                            
                                            
                                    IDENTIFIED AS 
                                              
                                 BLOCK                            _ 
            
           
                                            
                                            
                                            
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                                                                           TABLE OF CONTENTS 
                          
                                                                          
                                                       
                             ARTICLE  CONTENTS 
                              
                                                      Preamble 
                                       1              Definitions 
                                       2              Participating Interests  
                                       3              License and Exploration Period 
                                       4              Relinquishment 
                                       5              Work Programme 
                                       6              Management Committee 
                                       7              Operatorship, Operating Agreement and Operating Committee 
                                       8              General Rights and Obligations of the Parties 
                                       9              Government Assistance 
                                      10              Discovery, Development and  Production 
                                      11              Petroleum Mining Lease 
                                      12              Unit Development 
                                      13              Measurement of Petroleum 
                                      14              Protection of the Environment 
                                      15              Recovery of Cost Petroleum 
                                      16              Production Sharing of Petroleum 
                                      17              Taxes, Royalties, Rentals, Duties etc.  
                                      18              Domestic Supply, Sale, Disposal and Export of Crude Oil and 
                                                      Condensate 
                                      19              Valuation of Petroleum 
                                      20              Currency and Exchange Control Provisions 
                                      21              Natural Gas 
                                      22              Employment, Training and Transfer of Technology 
                                      23              Local Goods and Services 
                                                                                                              
                                                                                                              
                                                                                                              
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                        24         Insurance and Indemnification 
                        25         Records, Reports, Accounts and Audit 
                        26         Information, Data, Confidentiality, Inspection and Security 
                        27         Title to Petroleum, Data and Assets 
                        28         Assignment of Participating Interest 
                        29         Guarantees 
                        30         Term and Termination of the Contract  
                        31         Force Majeure 
                        32         Applicable Law and Language of the Contract 
                        33         Sole Expert, Conciliation and Arbitration 
                        34         Change of Status of Companies 
                        35         Entire    Agreement,     Amendments        and    Waiver      and 
                                   miscellaneous 
                        36         Certificates 
                        37         Notices 
                 
                                         
                   APPENDICES  CONTENTS 
                    
                   Appendix  A          Description of the Contract Area 
                   Appendix  B          Map of the Contract Area 
                   Appendix  C          Accounting Procedure to the Contract 
                   Appendix  D          Calculation  of  the  Investment  Multiple  for  Production 
                                        Sharing purposes 
                   Appendix  E1         Form  of  Parent  company  Financial  and  Performance 
                                        Guarantee 
                   Appendix  E2         Form of Company Financial and Performance Guarantee 
                   Appendix-F           Procedure for acquisition of goods and services 
                   Appendix-G           Performa of Bank Guarantee to be provided pursuant to 
                                        Article 29 
                 
                                                                       
                                                                       
                                                                       
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