Common use of TENDERS FOR PETROLEUM OPERATIONS Clause in Contracts

TENDERS FOR PETROLEUM OPERATIONS. 10.1. The contract operator shall draw invitations to tender for sub-contracts to the attention of Australian and Indonesian sub-contractors. 10.2. Subject to subsection 4 of this Section, all tenders for petroleum operations called by the contract operator shall be subject to approval by the Joint Authority. 10.3. The Joint Authority shall provide its approval or non-approval within thirty (30) days of receipt of the tender details from the contract operator. The tender details to be provided by the contract operator shall include a summary of the tenders received compared against the tender criteria determined by the contract operator and the reasons for the selection of the preferred tender. 10.4. Notwithstanding subsection 2 of this Section, the contract operator may enter into sub-contracts without the approval of the Joint Authority where: (a) the tender for petroleum operations is expected to involve expenditure of less than US$ two million (2,000,000); (b) the tender for petroleum operations is expected to involve expenditure of less than US$ ten million (10,000,000) and those operations form part of a project for the development of petroleum resources, the cost of which is expected to exceed US$ one hundred million (100,000,000); or (c) the tender selected by the contract operator is the lowest cost tender and has been submitted by an Australian or Indonesian corporation. 10.5. The contract operator shall provide the Joint Authority, for information, with the full financial details of the sub-contract, irrespective of the amount of the expenditure involved.

TENDERS FOR PETROLEUM OPERATIONS. 10.1. The contract operator shall draw invitations to tender for sub-contracts to the attention of Australian and Indonesian sub-contractors. 10.2. Subject to subsection 4 of this Section, all tenders for petroleum operations called by the contract operator shall be subject to approval by the Joint Authority. 10.3. The Joint Authority shall provide its approval or non-approval within thirty (30) days of receipt of the tender details from the contract operator. The tender details to be provided by the contract operator shall include a summary of the tenders received compared against the tender criteria determined by the contract operator and the reasons for the selection of the preferred tender. 10.4. Notwithstanding subsection 2 of this Section, the contract operator may enter into sub-contracts subcontracts without the approval of the Joint Authority where: (a) : the tender for petroleum operations is expected to involve expenditure of less than US$ two million (2,000,000); (b) ; the tender for petroleum operations is expected to involve expenditure of less than US$ ten million (10,000,000) and those operations form part of a project for the development of petroleum resources, the cost of which is expected to exceed US$ one hundred million (100,000,000); or (c) or the tender selected by the contract operator is the lowest cost tender and has been submitted by an Australian or Indonesian corporation. 10.5. The contract operator shall provide the Joint Authority, for information, with the full financial details of the sub-contract, irrespective of the amount of the expenditure involved.

TENDERS FOR PETROLEUM OPERATIONS. 10.1. The contract operator shall draw invitations to tender for sub-contracts to the attention of Australian and Indonesian sub-contractors. 10.2. Subject to subsection 4 of this Section, all tenders for petroleum operations called by the contract operator shall be subject to approval by the Joint Authority. 10.3. The Joint Authority shall provide its approval or non-approval within thirty (30) days of receipt of the tender details from the contract operator. The tender details to be provided by the contract operator shall include a summary of the tenders received compared against the tender criteria determined by the contract operator and the reasons for the selection of the preferred tender. 10.4. Notwithstanding subsection 2 of this Section, the contract operator may enter into sub-contracts subcontracts without the approval of the Joint Authority where: (a) the tender for petroleum operations is expected to involve expenditure of less than US$ two million (2,000,000); (b) the tender for petroleum operations is expected to involve expenditure of less than US$ ten million (10,000,000) and those operations form part of a project for the development of petroleum resources, the cost of which is expected to exceed US$ one hundred million (100,000,000); or (c) the tender selected by the contract operator is the lowest cost tender and has been submitted by an Australian or Indonesian corporation. 10.5. The contract operator shall provide the Joint Authority, for information, with the full financial details of the sub-contract, irrespective of the amount of the expenditure involved.