Common use of Rights and Liabilities Clause in Contracts

Rights and Liabilities. 2.1 THE PRESIDENT hereby grants to the Working Interest Owners the Petroleum concessions and other rights more particularly described in this Agreement, including but not limited to conducting or causing to be conducted Petroleum exploration, prospecting, development and production operations hereunder including the transportation (whether by pipeline or otherwise), storage, terminalling, export and sale of Petroleum, subject to the provisions of this Agreement. 2.2 In respect of Joint Operations conducted under the authority of this Agreement, the Licence or any Lease(s) granted over any part of the Area: a) [XYZ/ ABC] shall be the Operator, subject to the provisions of the Joint Operating Agreement and no change in operatorship will take place without the consent of the DGPC. b) The Joint Operations shall be conducted diligently, with due regard to Good International Oilfield Practices and in conformity with the requirements of the Rules and all applicable laws and regulations. c) Every important agreement and contract relating to Joint Operations shall be consistent with the provisions of this Agreement and the Rules. 2.3 This Agreement contemplates Joint Operations which may require the construction and operation of temporary or permanent exploration and production facilities (including pipelines) both within and outside the Area. THE PRESIDENT, subject to relevant rules, laws and policies, agrees to assist the Working Interest Owners in the carrying out of all Joint Operations contemplated hereunder including the construction and operation of such facilities and in obtaining for the Operator and its contractors and subcontractors such communication permits (radio, telex, telefax, telephone, PABX, etc.) or other clearances, permits and authorizations as shall be necessary or convenient in this regard including the approval required for opening a branch office in Pakistan. 2.4 This Agreement does not create a partnership or any taxable entity but is solely a joint operating arrangement among the Parties.

Rights and Liabilities. 2.1 THE PRESIDENT hereby grants to the Working Interest Owners XYZ, ABC and GHPL (if applicable) the Petroleum concessions Concessions and other rights more particularly described in this Agreement, including but not limited to conducting or causing to be conducted Petroleum exploration, prospecting, development and production operations Production Operations hereunder including the transportation (whether by pipeline or otherwise), storage, terminalling, export and sale of Petroleum, subject to the provisions of this Agreement. 2.2 In respect of Joint Operations conducted under the authority of this Agreement, the Licence or any Lease(s) granted over any part of the Area: a) [XYZ/ ABC] ABC shall be the Operator, subject to the provisions of the Joint Operating Agreement and no change in operatorship will take place without the consent of the DGPCGovernment. b) The Joint Operations shall be conducted diligently, with due regard to Good International Oilfield Practices and in conformity with the requirements of the Rules and all applicable laws and regulations. c) Every important agreement and contract relating to Joint Operations shall be consistent with the provisions of this Agreement and the Rules. 2.3 This Agreement contemplates Joint Operations which may require the construction and operation of temporary or permanent exploration and production facilities (including pipelines) both within and outside the Area. THE PRESIDENT, subject to relevant rules, laws and policies, agrees to assist the Working Interest Owners in the carrying out of all Joint Operations contemplated hereunder including the construction and operation of such facilities and in obtaining for the Operator and its contractors and subcontractors such communication permits (radio, telex, telefax, telephone, PABX, etc.) or other clearances, permits and authorizations as shall be necessary or convenient in this regard including the approval required for opening a branch office in Pakistan. 2.4 This Agreement does not create a partnership or any taxable entity but is solely a joint operating arrangement among the Parties.

Rights and Liabilities. 2.1 THE PRESIDENT hereby grants to the Working Interest Owners XYZ, ABC and GHPL (if applicable) the Petroleum concessions and other rights more particularly described in this Agreement, including but not limited to conducting or causing to be conducted Petroleum exploration, prospecting, development and production operations Production Operations hereunder including the transportation (whether by pipeline or otherwise), storage, terminalling, export and sale of Petroleum, subject to the provisions of this Agreement. 2.2 In respect of Joint Operations conducted under the authority of this Agreement, the Licence or any Lease(s) granted over any part of the Area: a) [XYZ/ ABC] ABC shall be the Operator, subject to the provisions of the Joint Operating Agreement and no change in operatorship will take place without the consent of the DGPCGovernment. b) The Joint Operations shall be conducted diligently, with due regard to Good International Oilfield Practices and in conformity with the requirements of the Rules and all applicable laws and regulations. c) Every important agreement and contract relating to Joint Operations shall be consistent with the provisions of this Agreement and the Rules. 2.3 This Agreement contemplates Joint Operations which may require the construction and operation of temporary or permanent exploration and production facilities (including pipelines) both within and outside the AreaArea whether on-shore or off-shore. THE PRESIDENT, subject to relevant rules, laws and policies, agrees to assist the Working Interest Owners in the carrying out of all Joint Operations contemplated hereunder including the construction and operation of such facilities and in obtaining for the Operator and its contractors and subcontractors such communication permits (radio, telex, telefax, telephone, PABX, etc.) or other clearances, permits and authorizations as shall be necessary or convenient in this regard including the approval required for opening a branch office in Pakistan. 2.4 This Agreement does not create a partnership or any taxable entity but is solely a joint operating arrangement among the Parties.

Rights and Liabilities. 2.1 THE PRESIDENT hereby grants to the Working Interest Owners XYZ, ABC and GHPL ( if applicable) the Petroleum concessions and other rights more particularly described in this Agreement, including but not limited to conducting or causing to be conducted Petroleum exploration, prospecting, development and production operations Production Operations hereunder including the transportation (whether by pipeline or otherwise), storage, terminalling, export and sale of Petroleum, subject to the provisions of this Agreement. 2.2 In respect of Joint Operations conducted under the authority of this Agreement, the Licence or any Lease(s) granted over any part of the Area: a) [XYZ/ ABC] XYZ/ABC shall be the Operator, subject to the provisions of the Joint Operating Agreement and no change in operatorship will take place without the consent of the DGPCGovernment. b) The Joint Operations shall be conducted diligently, with due regard to Good International Oilfield Practices and in conformity with the requirements of the Rules and all applicable laws and regulations. c) Every important agreement and contract relating to Joint Operations shall be consistent with the provisions of this Agreement and the Rules. 2.3 This Agreement contemplates Joint Operations which may require the construction and operation of temporary or permanent exploration and production facilities (including pipelines) both within and outside the AreaArea whether on-shore or off-shore. THE PRESIDENT, subject to relevant rules, laws and policies, agrees to assist the Working Interest Owners Owner(s) in the carrying out of all Joint Operations contemplated hereunder including the construction and operation of such facilities and in obtaining for the Operator and its contractors and subcontractors such communication permits (radio, telex, telefax, telephone, PABX, etc.) or other clearances, permits and authorizations as shall be necessary or convenient in this regard including the approval required for opening a branch office in Pakistan. 2.4 This Agreement does not create a partnership or any taxable entity but is solely a joint operating arrangement among the Parties.