伊朗xxx区块勘探开发服务回购合同英文

伊朗xxx区块勘探开发服务回购合同英文内容摘要：

ning Exploration Expenditures incurred for the implementation of the Exploration Operations as per Appendix B shall be consolidated for the purpose of reimbursement to the Contractor as described above, provided that such expenditures do not alter the status of merciality of the discovered Field. In the event that no other Commercial Field is established, the appraisal expenditures incurred by Contractor for the drilling of appraisal wells in another prospect shall be consolidated for the purpose of reimbursement to the Contractor provided further that the actual costs of future appraisal programs for future discoveries will not be exceeded by more than fifteen percent (15%) of anticipated cost of such approved appraisal program. If such overexpenditures should occur, these overexpenditures will only be recovered if that prospect is declared a new Commercial Field. The Exploration Expenditures incurred under section 1 above, shall be reimbursed by in respect of a Commercial Field as follows: (i) Upon establishment of a Commercial Field, and the Contractor will enter into negotiation for reaching agreement on the relevant master development plan to be submitted by Contractor, for the development operations (development stage) and Subject to conclusion of such a contract for the development of such Commercial Field, the Exploration Expenditures incurred under this Exploration Contract, after approval of , shall be consolidated for the purpose of reimbursement, with the accrued Bank Charges from the Date of Commerciality to Contractor during the amortization period in the manner set out in the Development Service Contract, form of which is attached hereto as Appendix E. (ii) Should the Parties fail to reach agreement with respect to the master development plan of the Commercial Field within a period of six (6) months of Date of Commerciality or within such extended period as is agreed by the Parties, either Party may elect to withdraw from the negotiations. Thereafter, may invite interested applicants and Contractor to submit their proposals for the master development plan and under petitive conditions priority will be given to the proposal submitted by Contractor in which case the Exploration Expenditures incurred under this Service Contract, after approval by , shall be consolidated for the purpose of reimbursement of Contractor, together with the accrued Bank Charges calculated from the Date of Commerciality, during the amortization period in the manner set out in the Development Service Contract. (iii) In the event decides not to develop the Commercial Field, the Exploration Expenditures incurred by the Contractor hereunder and the Bank Charges accrued thereon from the Date of Commerciality approved by in accordance with the Accounting Procedure set out herein together with the Remuneration Fee as defined in this Article amounting to fifty five Percent (55%) of the Capital Costs of Exploration Expenditures incurred during the Exploration Period will be paid to Contractor. Such payment shall be made by to Contractor within eighteen (18) months from the end of the Exploration Period. (iv) Should Contractor fail to be awarded the Development Service Contract pursuant to (ii) above shall procure that the development contractor under the Development Service Contract shall offer Contractor a minimum thirty percent (30%) participating interest share of development contractor under the Development Service Contract. In the event Contractor accepts such offer within a reasonable period, shall procure that Contractor shall be reimbursed by the development contractor under the Development Service Contract for the Exploration Expenditures incurred under the Service Contract, with the relevant Bank Charges calculated from the Date of Commerciality as approved by in accordance with the Accounting Procedure, and Remuneration Fee amounting to fifty five percent (55%) of the Capital Costs of Exploration Expenditures incurred during the Exploration Period less a proportionate amount thereof corresponding to the percentage of its participation interest under the Development Service Contract. (v) Should the Contractor not be awarded the Development Service Contract pursuant to (ii) above within fifteen (15) months from the end of the Exploration Period above or Contractor does not exercise the option to participate in a Development Service Contract pursuant to (iv) above, Contractor shall be reimbursed for the Exploration Expenditures incurred by it hereunder and the Bank Charges accrued thereon from the Date of Commerciality and shall receive a Remuneration Fee amounting to fifty five percent (55%) of the Capital Costs of Exploration Expenditures incurred during the Exploration Period. Payment shall be made by the development contractor under the Development Service Contract within two (2) months from the effective date of the Development Service Contract, or by if the effective date of the Development Service Contract is more than eighteen (18) months from the end of the Exploration Period. To the extent any Iranian corporate tax, social security charges, custom clearance, custom duties, other levies, charges or fees (including penalties and Bank Charges, not due to the fault of Contractor) are imposed on Contractor ine related to the performance of this Contract (with the exception of personal ine taxes generally imposed on all employees in IR of Iran and thereby payable by Contractor39。 s employees), the Contractor shall pay same, and to the extent that such amounts are not included in the cost incurred under this Service Contract, an amount representing such charge shall be paid by to Contractor in accordance with the provision of Article 6 of this Contract. Contractor shall not be entitled to recover any t。