General Terms and Definitions

1.1. Due to the fact that the Customer and the Contractor have signed the contract No.01-98 dated March 1, 1ххх for the field maintenance and operation of the oil producing facilities and wells, which validation period terminates on December 31, 200, the parties intend to conclude such contract for the following calendar year on another terms.

1.2. For the purposes of the present Contract the following definitions shall have the following meanings:

1.2.1. Contract No.01-98 – means Contract No.01-98 for technical services and oil producing facilities operation signed on March 1,1ххх.

1.2.2. Facilities – means facilities, which maintenance and operation shall be performed in accordance with the present Contract. The full list of facilities is given in Schedule A hereto.

1.2.3. Equipment – means field equipment, any assembling, vehicles, machinery, units and other equipment which are used or can be used in the future by the Contractor for rendering services under the present Contract.

1.2.4. The Customer’s Equipment – means any equipment that belongs to the Customer and have been passed over to the Contractor under the Contract # 01-98 or will be transferred to him under the present Contract for the purpose of rendering technical services hereunder.

1.2.5. The Contractor’s Equipment – means any equipment that belongs to the Contractor and is used or will be in use by Contractor for rendering services under the present Contract.

1.2.6. Emergency cases – means any conditions which have caused the damage of Equipment that requires its repair, also means fire, oil flood, well productivity decrease and other cases that can be deemed emergency situations in accordance with the existing law.

1.2.7. The existing law – means the existing law of Russian Federation and Khanty-Mansiysk autonomous okrug, including without limitation Laws of Russian Federation and Khanty-Mansiysk autonomous okrug, safety and environment legislation, fire regulations, standards and rules used in Oil Industry and other industry normative acts.

1.2.8. The Contractor Group shall mean the Contractor, its affiliates and associated companies, other entities engaged by the Contractor for rendering services under the present Contract, as well as the management and employees of each of these entities.

1.2.9. The present Contract - means the present text of the Contract, Schedule A (List of facilities and list of equipment transferred by the Customer to the Contractor) and Schedule B (Payment terms) both deemed an integral part hereto, as well as all amendments and modifications to the present Contract that have been duly signed by the authorized representatives of the Parties hereto.

Subject

2.1. The Contractor hereby undertakes pursuant to the terms of the present Contract to render services on oil production, maintenance and operation of the oil producing facilities (including wells), oil metering and transportation facilities that belong to the Customer and are located at K field license area, and the Customer shall pay for such services.

2.2. The Customer is deemed owner of the oil produced by the Contractor during the entire period of this Contract duration.

Payments

3.1. In consideration for rendering services specified herein the Customer shall pay the Contractor an agreed price of the Contract in the amount and on the terms set forth in Schedules B hereto.

3.2. The price provisioned by the Schedule B hereto is a firm (final) price and is subject to change only if mutually agreed in writing by the Parties hereto in accordance with the present Contract.

3.3. The price provisioned by the Schedule B hereto includes all G&A costs incurred by the Contractor, which are related to the fulfillment of the present Contract, including without limitation minor repairs and maintenance of Customer`s facilities and equipment, as well as VAT (20%) and other taxes the payment of which is deemed Contractor`s duty. If the VAT rate is changed the price of the present Contract will be revised (increased or decreased) accordingly.

3.4. If due to any reason the performance of the present Contract is deemed impossible the Customer shall repay the Contractor all expenditures actually incurred by the Contractor.

Дата добавления: 2015-11-14