Common use of Work Programme Clause in Contracts

Work Programme. 5.1 The Contractor shall commence Petroleum Operations not later than six (6) months from the Effective Date. 5.2 In addition to the Work Programme Commitment in Initial Exploration Period specified below in Article 5.2.1 and 5.3, the Contractor Shall be required to undertake and complete the 2D seismic API, in grid size of LKM X LKM covering the entire Contract Area (herein after referred to as “Mandatory Work Programme”) during Initial Exploration Period. In case due to any reason intrinsic to the Contract Area, the Contractor is not able to cover any part of the Contract Area by 2D seismic survey of grid size specified in this Article, the contractor shall submit a proposal for substitution of the shortfall in the Mandatory Work Programme to the Management Committee for approval. The Management Committee shall consider and take a reasoned unanimous decision on the proposal of the Contractor in a timely manner. The Management Committee may ask the Contractor by giving a reasonable time, any relevant information / details / data to enable it to take a decision on the proposal. The Management Committee shall ensure that the substituted work programme shall be atleast equal to the shortfall in the Mandatory Work Programme when evaluated in terms of efforts and expenditure. In case Management Committee is not able to decide unanimously, the matter may be referred for approval of the Government. In case no proposal is received from the Contractor for the substitution and fails to complete Mandatory Work Programme the provision of Article 5.6 shall apply. However, if the Work Programme of 3D seismic API in Article 5.2.1 (a) is equal in size to the Contract Area then the Contractor shall be exempted from carrying out the 2D seismic Mandatory Work Programme. 5.2.1 During the currency of the Initial Exploration Period, as per Article 3.2, the Contractor shall complete the following Work Programme: (a) a seismic programme consisting of the acquisition, processing and interpretation of line kilometres of 2D and sq. kms. of 3D seismic data in relation to the exploration objectives; and (b) Exploration Well(s) shall be drilled to at least one of the following depths: (i) metres (from sea bed); (ii) to Basement; (iii) that point below which further drilling becomes impracticable due to geological conditions encountered and drilling would be abandoned by a reasonable prudent operator in the same or similar circumstances. Abandonment of drilling under this provision by the Contractor would require unanimous approval of the Management Committee. 5.3 During the currency of Subsequent Exploration Period, if opted in accordance with Article 3.4 (a), the Contractor shall complete the following Work Programme:- For Onland Blocks and Shallow water blocks: One (1) Exploration well in per Year or For Deepwater blocks: One (1) Exploration Well to at least one of the following depths: (i) metres from Sea bed; (to be specified by the Contractor at the time of exercising the option) (ii) to Basement (iii) that point below which further drilling becomes impracticable due to geological conditions encountered and drilling would be abandoned by a reasonable prudent operator in the same or similar circumstances. Abandonment of drilling under this provision by the Contractor would require unanimous approval of the Management Committee. 5.4 The Contractor shall ensure that all relevant subsurface, geological, geochemical and geophysical information necessary for the attainment of the exploration objectives in accordance with modern oilfield and petroleum industry practices is obtained during exploratory drilling. 5.5 If the depth of the Well is not achieved for any reason, a substitute Well shall be drilled of the same specifications as stipulated in and subject to Articles 5.2 & 5.3, as the case may be. 5.6 Subject to Article 31, the Contractor undertakes to complete the Mandatory Work Programme and Minimum Work Programme in accordance with Articles 5.2, 5.2.1, 5.3 and 5.5, as the case may be. In the event that the Contractor fails to fulfil the said Mandatory Work Programme or Minimum Work Programme or Work Programme committed during the Initial Exploration Period or Subsequent Exploration Period or early termination of the Contract by the Government for any reason whatsoever, each Company constituting the Contractor shall pay to the Government, within sixty (60) days following the end of the Initial Exploration Period or Subsequent Exploration Period or early termination of the Contract, as may be the case, its Participating Interest share for an amount which shall be equivalent to Liquidated Damages as specified below: Per well 1,000,000 3,000,000 6,000,000 Per xx.xx. of 3D 5,000 1,500 1,500 Per line km. of 2D 2,500 1,000 1,000 In case of 2D seismic and 3D seismic the Contractor shall pay LD for the quantum of Work Programme that falls short of the Minimum Work Programme. However, in case of Well(s) which have not been drilled to the depth specified in the Minimum Work Programme, the Contractor shall pay LD for the entire Well, irrespective of the metreage left to be drilled. 5.7 If the Work Programme for the Subsequent Exploration Period has been completed earlier than specified period, the Contractor shall meet with the Government to discuss the possibility of early relinquishment, unless the Contractor undertakes further work with the approval of the Management Committee. 5.8 As soon as possible after the Effective Date and thereafter within ninety (90) days before commencement of each following year, the Contractor shall submit to the Management Committee the Work Programmes and the budgets relating to petroleum operations to be carried out during the relevant year. Work Programme and Budgets for the exploration period shall include work sufficient to meet the relevant Mandatory Work Programme and Minimum Work Programme with respect to Initial Exploration Period specified in this Article 5. 5.9 The Contractor may propose modifications or revisions to the details of a reviewed or an approved Work Programme and Budget, as the case may be, in the light of the then existing circumstances and shall submit to the Management Committee modifications or revisions to the Work Programme and Budget referred to in Article 5.8 5.10 Work Programmes and Budgets and any modifications or revisions thereto relating to Exploration Operations shall be submitted to the Management Committee for review and advice as provided in Article

Work Programme. 5.1 The Contractor shall commence Petroleum Operations not later than six (6) months from the Effective Date. 5.2 In addition to the Bid Work Programme Commitment in Initial first Exploration Period Phase specified below in Article Article 5.2.1 and 5.3, the Contractor Shall be required to undertake and complete the 2D seismic – API, in grid size of LKM X x LKM covering the entire Contract Area (( herein after referred to as ““ Mandatory Work Programme”) during Initial First Exploration PeriodPhase. In case due to any reason intrinsic to the Contract AreaArea reason(s), the Contractor is not able to cover any part of the Contract Area by 2D seismic survey of grid size specified in this Article, the contractor Contractor shall submit a proposal for substitution of the shortfall short fall in the Mandatory Work Programme to the Management Committee for approval. The Management Committee shall consider and take a reasoned unanimous unanimously decision on the proposal of the Contractor in a timely manner. The Management Committee may ask the Contractor by giving a reasonable time, any relevant information / details / information/ details/data to enable it to take a decision on the proposal. The Management Committee shall ensure that the substituted work programme shall be atleast equal to the shortfall in the Mandatory Work Programme when evaluated in terms of efforts and expenditure. In case Management Committee is not able to decide unanimously, the matter may be referred for approval of the Government. In case no proposal is received from the Contractor for the substitution and fails to complete Mandatory Work Programme the provision of Article 5.6 shall apply. However, if the Work Programme of 3D seismic API in Article 5.2.1 (a) is equal in size to the Contract Area then the Contractor shall be exempted from carrying out the 2D seismic Mandatory Work Programme. 5.2.1 During the currency of the Initial first Exploration PeriodPhase, as per Article 3.2, the Contractor shall complete the following Work Programme: (a) a seismic programme consisting of the acquisition, processing and interpretation of line kilometres of 2D and and/or sq. kms. of 3D seismic data in relation to the exploration objectives; and (b) Exploration Well(s) Xxxxx shall be drilled to at least one of the following depthsdepths : i) metres and (geological objective); ii) to Basement; and iii) that point below which further drilling becomes impracticable due to geological conditions encountered and drilling would be abandoned by a reasonable prudent operator in the same or similar circumstances. Abandonment of drilling under this provision by the Contractor, would require unanimous approval of the Management Committee. 5.3 During the currency of the second Exploration Phase, as per Article 3.3, the Contractor shall complete the following Work Programme: (a) a seismic programme consisting of the acquisition, processing and interpretation of line kilometres of 2D and/or sq. kms. of 3D seismic data in relation to the exploration objectives; and (b) Exploration Xxxxx shall be drilled to at least one of the following depths : (i) metres and (from sea bedgeological objective); (ii) to Basement;; and (iii) that point below which further drilling becomes impracticable due to geological conditions encountered and drilling would be abandoned by a reasonable prudent operator in the same or similar circumstances. Abandonment of drilling under this provision by the Contractor would require unanimous approval of the Management Committee. 5.3 During the currency of Subsequent Exploration PeriodContractor, if opted in accordance with Article 3.4 (a), the Contractor shall complete the following Work Programme:- For Onland Blocks and Shallow water blocks: One (1) Exploration well in per Year or For Deepwater blocks: One (1) Exploration Well to at least one of the following depths: (i) metres from Sea bed; (to be specified by the Contractor at the time of exercising the option) (ii) to Basement (iii) that point below which further drilling becomes impracticable due to geological conditions encountered and drilling would be abandoned by a reasonable prudent operator in the same or similar circumstances. Abandonment of drilling under this provision by the Contractor would require unanimous approval of the Management Committee. 5.4 The actual depth objective for each of the Xxxxx shall be determined by the Contractor in the light of the advice of the Management Committee before the commencement of the drilling. Each Well which reaches the geological objective for which the depth objective was determined shall be deemed to have been drilled to the depth objective or to actual total depth, whichever is greater. The Contractor shall ensure that all relevant subsurface, geological, geochemical and geophysical information necessary for the attainment of the exploration objectives in accordance with modern oilfield and petroleum industry practices is obtained during exploratory drilling. 5.5 If the depth depth/geological objective of the Well is not achieved for any reason, a substitute Well shall be drilled of the same specifications as stipulated in and subject to Articles 5.2 & 5.3, as the case may be. 5.6 Subject to Article 31, the Contractor undertakes to complete the Mandatory Work Programme and Minimum Work Programme in accordance with Articles 5.2, 5.2.1, 5.3 and 5.5, as the case may be. In the event that the Contractor fails to fulfil fulfill the said Mandatory Work Programme or Minimum Work Programme or Work Programme committed during both by the Initial end of the relevant Exploration Period or Subsequent Exploration Period Phase or early termination of the Contract by the Government for any reason whatsoever, each Company constituting the Contractor shall pay to the Government, within sixty (60) days following the end of the Initial relevant Exploration Period or Subsequent Exploration Period Phase or early termination of the Contract, as may be the case, its Participating Interest share for an amount which shall be equivalent to Liquidated Damages as which, when evaluated in terms of the Mandatory Work programme or Minimum Work Programme specified below: Per well 1,000,000 3,000,000 6,000,000 Per xx.xx. of 3D 5,000 1,500 1,500 Per line km. of 2D 2,500 1,000 1,000 In case of 2D seismic and 3D seismic the Contractor shall pay LD for the quantum of relevant Phase, is equal to the amount which would be required to complete the said Mandatory Work Programme that falls short of the or Minimum Work ProgrammeProgramme or both, as may be the case. HoweverFor determination of this amount, in case of Well(s) which have not been drilled to available relevant information including the depth specified in the Minimum Work Programme, the Contractor shall pay LD for the entire Well, irrespective of the metreage left to Budget and modern oilfield and petroleum industry practices may be drilledtaken into account. 5.7 If the Minimum Work Programme for the Subsequent second Exploration Period Phase has been completed earlier than specified periodeighteen months from the end of the Phase, the Contractor shall meet with the Government to discuss the possibility of early relinquishment, unless the Contractor undertakes further work with the approval of the Management Committee. 5.8 In the event that the Contractor has carried out work in excess of the Minimum Work Programme in any Exploration Phase, the excess exploration work done shall be set off against the Minimum Work Programme for the following Exploration Phase. 5.9 As soon as possible after the Effective Date and thereafter within ninety (90) days before commencement of each following yearYear, the Contractor shall submit to the Management Committee the Work Programmes and the budgets Budgets relating to petroleum operations Petroleum Operations to be carried out during the relevant yearYear. Work Programme and Budgets for the exploration period Exploration Period shall include work sufficient to meet the relevant Mandatory Work Programme and Minimum Work Programme with respect to Initial each Exploration Period Phase specified in this Article 5. 5.9 5.10 The Contractor may propose modifications or revisions to the details of a reviewed or an approved Work Programme and Budget, as the case may be, in the light of the then existing circumstances and shall submit to the Management Committee modifications or revisions to the Work Programme and Budget referred to in Article 5.85.9. 5.10 5.11 Work Programmes and Budgets and any modifications or revisions thereto relating to Exploration Operations shall be submitted to the Management Committee for review and advice as provided in ArticleArticle 6.5. Work Programmes and Budgets related to Development Operations and Production Operations and any modifications or revisions thereto shall be submitted to the Management Committee for approval as provided in Article 10 and Article 21.

Work Programme. 5.1 The Contractor shall commence Petroleum Operations not later than six (6) months from the Effective Date. 5.2 In addition to the Bid Work Programme Commitment in Initial first Exploration Period Phase specified below in Article Article 5.2.1 and 5.3, the Contractor Shall be required to undertake and complete the 2D seismic – API, in grid size of LKM X x LKM covering the entire Contract Area (( herein after referred to as ““ Mandatory Work Programme”) during Initial first Exploration PeriodPhase. In case due to any reason intrinsic to the Contract AreaArea reason (s), the Contractor is not able to cover any part of the Contract Area by 2D seismic survey of grid size specified in this Article, the contractor Contractor shall submit a proposal for substitution of the shortfall in the Mandatory Work Programme to the Management Committee for approval. The Management Committee shall consider and take a reasoned unanimous unanimously decision on the proposal of the Contractor in a timely manner. The Management Committee may ask the Contractor by giving a reasonable time, any relevant information / details / information/details/data to enable it to take a decision on the proposal. The Management Committee shall ensure that the substituted work programme shall be atleast equal to the shortfall in the Mandatory Work Programme when evaluated in terms of efforts and expenditure. In case Management Committee is not able to decide unanimously, the matter may be referred for approval of the Government. In case no proposal is received from the Contractor for the substitution and fails to complete Mandatory Work Programme the provision of Article 5.6 shall apply. However, if the Work Programme of 3D seismic API in Article 5.2.1 (a) is equal in size to the Contract Area then the Contractor shall be exempted from carrying out the 2D seismic Mandatory Work Programme. 5.2.1 During the currency of the Initial first Exploration PeriodPhase, as per Article 3.2, the Contractor shall complete the following Work Programme: (a) a seismic programme consisting of the acquisition, processing and interpretation of line kilometres of 2D and sq. kms. of 3D seismic data in relation to the exploration objectives; andof (b) Exploration Well(sXxxxx shall be drilled to at least one of the following depths : i) metres and (geological objective); ii) to Basement; and iii) that point below which further drilling becomes impracticable due to geological conditions encountered and drilling would be abandoned by a reasonable prudent operator in the same or similar circumstances. Abandonment of drilling under this provision by the Contractor, would require unanimous approval of the Management Committee. 5.3 During the currency of the second Exploration Phase, as per Article 3.3, the Contractor shall complete the following Work Programme: (a) a seismic programme consisting of the acquisition, processing and interpretation of (b) Exploration Xxxxx shall be drilled to at least one of the following depths: (i) metres and (from sea bedgeological objective); (ii) to Basement;; and (iii) that point below which further drilling becomes impracticable due to geological conditions encountered and drilling would be abandoned by a reasonable prudent operator in the same or similar circumstances. Abandonment of drilling under this provision by the Contractor would require unanimous approval of the Management Committee. 5.3 During the currency of Subsequent Exploration PeriodContractor, if opted in accordance with Article 3.4 (a), the Contractor shall complete the following Work Programme:- For Onland Blocks and Shallow water blocks: One (1) Exploration well in per Year or For Deepwater blocks: One (1) Exploration Well to at least one of the following depths: (i) metres from Sea bed; (to be specified by the Contractor at the time of exercising the option) (ii) to Basement (iii) that point below which further drilling becomes impracticable due to geological conditions encountered and drilling would be abandoned by a reasonable prudent operator in the same or similar circumstances. Abandonment of drilling under this provision by the Contractor would require unanimous approval of the Management Committee. 5.4 The actual depth objective for each of the Xxxxx shall be determined by the Contractor in the light of the advice of the Management Committee before the commencement of the drilling. Each Well which reaches the geological objective for which the depth objective was determined shall be deemed to have been drilled to the depth objective or to actual total depth, whichever is greater. The Contractor shall ensure that all relevant subsurface, geological, geochemical and geophysical information necessary for the attainment of the exploration objectives in accordance with modern oilfield and petroleum industry practices is obtained during exploratory drilling. 5.5 If the depth depth/geological objective of the Well is not achieved for any reason, a substitute Well shall be drilled of the same specifications as stipulated in and subject to Articles 5.2 & 5.3, as the case may be. 5.6 Subject to Article 31, the Contractor undertakes to complete the Mandatory Work Programme and Minimum Work Programme in accordance with Articles 5.2, 5.2.1, 5.3 and 5.5, as the case may be. In the event that the Contractor fails to fulfil fulfill the said Mandatory Work Programme or Minimum Work Programme or Work Programme committed during both by the Initial end of the relevant Exploration Period or Subsequent Exploration Period Phase or early termination of the Contract by the Government for any reason whatsoever, each Company constituting the Contractor shall pay to the Government, within sixty (60) days following the end of the Initial relevant Exploration Period or Subsequent Exploration Period Phase or early termination of the Contract, as may be the case, its Participating Interest share for an amount which shall be equivalent to Liquidated Damages as which, when evaluated in terms of the Mandatory Work Programme or Minimum Work Programme specified below: Per well 1,000,000 3,000,000 6,000,000 Per xx.xx. of 3D 5,000 1,500 1,500 Per line km. of 2D 2,500 1,000 1,000 In case of 2D seismic and 3D seismic the Contractor shall pay LD for the quantum of relevant Phase, is equal to the amount which would be required to complete the said Mandatory Work Programme that falls short of the or Minimum Work ProgrammeProgramme or both, as may be the case. HoweverFor determination of this amount, in case available relevant information including the Budget and modern oilfield and petroleum industry practices may be taken into account and for purposes of Well(s) which have determining the cost of well not been drilled to drilled, the following depth as specified in the Minimum Work Programme, the Contractor bid shall pay LD for the entire be used:- Phase-I Phase-II 1st Well, irrespective of the metreage left to be drilled.: 2nd Well and subsequent xxxxx: 5.7 If the Minimum Work Programme for the Subsequent second Exploration Period Phase has been completed earlier than specified periodeighteen months from the end of the Phase, the Contractor shall meet with the Government to discuss the possibility of early relinquishment, unless the Contractor undertakes further work with the approval of the Management Committee. 5.8 In the event that the Contractor has carried out work in excess of the Minimum Work Programme in any Exploration Phase, the excess exploration work done shall be set off against the Minimum Work Programme for the following Exploration Phase. 5.9 As soon as possible after the Effective Date and thereafter within ninety (90) days before commencement of each following yearYear, the Contractor shall submit to the Management Committee the Work Programmes and the budgets Budgets relating to petroleum operations Petroleum Operations to be carried out during the relevant yearYear. Work Programme and Budgets for the exploration period Exploration Period shall include work sufficient to meet the relevant Mandatory Work Programme and Minimum Work Programme with respect to Initial each Exploration Period Phase specified in this Article 5. 5.9 5.10 The Contractor may propose modifications or revisions to the details of a reviewed or an approved Work Programme and Budget, as the case may be, in the light of the then existing circumstances and shall submit to the Management Committee modifications or revisions to the Work Programme and Budget referred to in Article 5.85.9. 5.10 5.11 Work Programmes and Budgets and any modifications or revisions thereto relating to Exploration Operations shall be submitted to the Management Committee for review and advice as provided in ArticleArticle 6.5. and for approval as provided in Article 6.6. Work Programmes and Budgets related to Development Operations and Production Operations and any modifications or revisions thereto shall be submitted to the Management Committee for approval as provided in Article 10 and Article 21.

Work Programme. 5.1 The Contractor shall commence Petroleum Operations not later than six (6) months from the Effective Date. 5.2 In addition to the Work Programme Commitment in Initial Exploration Period specified below in Article 5.2.1 and 5.3, the Contractor Shall be required to undertake and complete the 2D seismic API, in grid size of LKM X LKM covering the entire Contract Area (herein after referred to as “Mandatory Work Programme”) during Initial Exploration Period. In case due to any reason intrinsic to the Contract Area, the Contractor is not able to cover any part of the Contract Area by 2D seismic survey of grid size specified in this Article, the contractor shall submit a proposal for substitution of the shortfall in the Mandatory Work Programme to the Management Committee for approval. The Management Committee shall consider and take a reasoned unanimous decision on the proposal of the Contractor in a timely manner. The Management Committee may ask the Contractor by giving a reasonable time, any relevant information / details / data to enable it to take a decision on the proposal. The Management Committee shall ensure that the substituted work programme shall be atleast equal to the shortfall in the Mandatory Work Programme when evaluated in terms of efforts and expenditure. In case Management Committee is not able to decide unanimously, the matter may be referred for approval of the Government. In case no proposal is received from the Contractor for the substitution and fails to complete Mandatory Work Programme the provision of Article 5.6 shall apply. However, if the Work Programme of 3D seismic API in Article 5.2.1 (a) is equal in size to the Contract Area then the Contractor shall be exempted from carrying out the 2D seismic Mandatory Work Programme. 5.2.1 During the currency of the Initial first Exploration PeriodPhase, as per Article 3.2, the Contractor shall complete the following Work Programme: (a) a seismic programme consisting of the acquisition, processing and interpretation of line kilometres of 2D and and/or sq. kms. of 3D seismic data in relation to the exploration objectives; and (b) Exploration Well(s) Xxxxx of which at least one Well shall be a deep test Well and shall be drilled to at least one of the following depthsdepths : i) metres and (geological objective); ii) to Basement; and iii) that point below which further drilling becomes impracticable due to geological conditions encountered and drilling would be abandoned by a reasonable prudent operator in the same or similar circumstances. Abandonment of drilling under this provision by the Contractor, would require unanimous approval of the Management Committee. 5.3 During the currency of the second Exploration Phase, as per Article 3.3, the Contractor shall complete the following Work Programme: (a) a seismic programme consisting of the acquisition, processing and interpretation of line kilometres of 2D and/or sq. kms. of 3D seismic data in relation to the exploration objectives; and (b) Exploration Xxxxx of which at least one Well shall be a deep test Well and shall be drilled to at least one of the following depths : (i) metres and (from sea bedgeological objective); (ii) to Basement;; and (iii) that point below which further drilling becomes impracticable due to geological conditions encountered and drilling would be abandoned by a reasonable prudent operator in the same or similar circumstances. Abandonment of drilling under this provision by the Contractor Contractor, would require unanimous approval of the Management Committee. 5.3 5.4 During the currency of Subsequent the third Exploration PeriodPhase, if opted in accordance with as per Article 3.4 (a)3.4, the Contractor shall complete the following Work Programme:- For Onland Blocks Programme: (a) a seismic programme consisting of the acquisition, processing and Shallow water blocks: One interpretation of line kilometres of 2D and/or sq. kms. of 3D seismic data in relation to the exploration objectives; and (1b) Exploration well in per Year or For Deepwater blocks: One (1) Exploration Xxxxx of which at least one Well shall be a deep test Well and shall be drilled to at least one of the following depthsdepths : (i) metres from Sea bed; and (to be specified by the Contractor at the time of exercising the optiongeological objective); (ii) to Basement; and (iii) that point below which further drilling becomes impracticable due to geological conditions encountered and drilling would be abandoned by a reasonable prudent operator in the same or similar circumstances. Abandonment of drilling under this provision by the Contractor Contractor, would require unanimous approval of the Management Committee. 5.4 5.5 The actual depth objective for each of the Xxxxx shall be determined by the Contractor in the light of the advice of the Management Committee before the commencement of the drilling. Each Well which reaches the geological objective for which the depth objective was determined shall be deemed to have been drilled to the depth objective or to actual total depth, whichever is greater. The Contractor shall ensure that all relevant subsurface, geological, geochemical and geophysical information necessary for the attainment of the exploration objectives in accordance with modern oilfield and petroleum industry practices is obtained during exploratory drilling. 5.5 5.6 If the depth depth/geological objective of the Well is not achieved for any reason, a substitute Well shall be drilled of the same specifications as stipulated in and subject to Articles 5.2 & 5.35.2, 5.3 and 5.4, as the case may be. 5.6 5.7 Subject to Article 31, the Contractor undertakes to complete the Mandatory Work Programme and Minimum Work Programme in accordance with Articles 5.2, 5.2.15.3, 5.3 5.4 and 5.55.6, as the case may be. In the event that the Contractor fails to fulfil fulfill the said Mandatory Work Programme or Minimum Work Programme or Work Programme committed during by the Initial end of the relevant Exploration Period or Subsequent Exploration Period Phase or early termination of the Contract by the Government for any reason whatsoever, each Company constituting the Contractor shall pay to the Government, within sixty (60) days following the end of the Initial relevant Exploration Period or Subsequent Exploration Period Phase or early termination of the Contract, as may be the case, its Participating Interest share for an amount which shall be equivalent to Liquidated Damages as specified below: Per well 1,000,000 3,000,000 6,000,000 Per xx.xx. of 3D 5,000 1,500 1,500 Per line km. of 2D 2,500 1,000 1,000 In case of 2D seismic and 3D seismic the Contractor shall pay LD for the quantum of Work Programme that falls short which, when evaluated in terms of the Minimum Work Programme. HoweverProgramme specified for the relevant Phase, in case of Well(s) which have not been drilled is equal to the depth specified in amount which would be required to complete the said Minimum Work Programme. For determination of this amount, available relevant information including the Contractor shall pay LD for the entire Well, irrespective of the metreage left to Budget and modern oilfield and petroleum industry practices may be drilledtaken into account. 5.7 5.8 If the Minimum Work Programme for the Subsequent third Exploration Period Phase has been completed earlier than specified periodeighteen months from the end of the Phase, the Contractor shall meet with the Government to discuss the possibility of early relinquishment, unless the Contractor undertakes further work with the approval of the Management Committee. 5.8 5.9 In the event that the Contractor has carried out work in excess of the Minimum Work Programme in any Exploration Phase, the excess exploration work done shall be set off against the Minimum Work Programme for the following Exploration Phase. 5.10 As soon as possible after the Effective Date and thereafter within ninety (90) days before commencement of each following yearYear, the Contractor shall submit to the Management Committee the Work Programmes and the budgets Budgets relating to petroleum operations Petroleum Operations to be carried out during the relevant yearYear. Work Programme and Budgets for the exploration period Exploration Period shall include work sufficient to meet the relevant Mandatory Work Programme and Minimum Work Programme with respect to Initial each Exploration Period Phase specified in this Article 5. 5.9 5.11 The Contractor may propose modifications or revisions to the details of a reviewed or an approved Work Programme and Budget, as the case may be, in the light of the then existing circumstances and shall submit to the Management Committee modifications or revisions to the Work Programme and Budget referred to in Article 5.85.10. 5.10 5.12 Work Programmes and Budgets and any modifications or revisions thereto relating to Exploration Operations shall be submitted to the Management Committee for review and advice as provided in ArticleArticle 6.5.

Work Programme. 5.1 The Contractor shall commence Petroleum Operations not later than six (6) months from the Effective Date. 5.2 During the currency of the Exploration Period (Phase-I), the Contractor shall complete the following Work Programme, which shall constitute the Minimum Work Programme committed for Exploration Period (Phase-I): 5.3 In relation to Petroleum Operations other than CBM, at the expiry of the Exploration Period (Phase-I), the Contractor may proceed to the Exploration Period (Phase-II) by committing: (i) drilling of three Exploration Wellsat anytime during three (3) years of Exploration Period (Phase-II) in Contract Area in case of onland and shallow water blocks; or(ii) two Exploration Xxxxx (i.e. one Well in each two-year period of four (4) years) in Contract Area in case of Frontier Area, and Deepwater Areas;or (iii) one Exploration Well in four (4) years in the Contract Area in case of Ultra Deepwater Blocks, as the case may be;subject to submission of the requisite guarantees as provided for in Article 28. The depth of such Well(s) will be notified by the Contractor to the Management Committee at the time of exercising this option of entering into Exploration Period (Phase-II). 5.4 In relation to Petroleum Operations for CBM, the Contractor shall be required to undertake the following Work Programme for Exploration Period (Phase-II), which shall constitute the Minimum Work Programme committed for Exploration Period (Phase-II): 5.5 In addition to the Minimum Work Programme Commitment in Initial Exploration Period (Phase-I) specified below in Article 5.2.1 and 5.3Article 5.2 above, the Contractor Shall shall, wherever applicable, be required to undertake and complete the 2D seismic API, in grid size of LKM X LKM covering the entire Contract Area (herein after referred to as “"Mandatory Work Programme”") during Initial Exploration PeriodPeriod (Phase-I). In case due to any reason intrinsic to Provided however that, in the Contract Area, event the Contractor is not able to cover any undertakes 3D seismic API in a part of the Contract Area by 2D seismic survey of grid size specified in this Article, the contractor it shall submit a proposal for substitution of the shortfall in be deemed to have discharged the Mandatory Work Programme in that part of the Contract Area and will not be required to undertake the mandatory 2D seismic API in that part of the Contract Area. 5.6 If the Contractor had purchased, before or after the award of a particular Block, 2D and/or 3D seismic data generated under a multi-client speculative survey model for that particular Block, then the same can be set off against the Mandatory Work Programme and/orMinimum Work Programmefor that Block. 5.7 The Contractor shall have the right to formulate an additional Work Programme, within the stipulated period as specified in Article 3, to cover Petroleum Operations for any type of hydrocarbon other than the type for which the Block was designated, and shall submit the same to the Management Committee for approval. The Management Committee shall consider and take a reasoned unanimous decision on the proposal of the Contractor in a timely manner. The Management Committee may ask the Contractor by giving a reasonable time, any relevant information / details / data to enable it to take a decision on the proposal. The Management Committee shall ensure its information.Provided however that the substituted work programme shall be atleast equal to the shortfall in the Mandatory Work Programme when evaluated in terms of efforts and expenditure. In case Management Committee is not able to decide unanimously, the matter may be referred for approval of the Government. In case no proposal is received from the Contractor for the substitution and fails to complete Mandatory Work Programme the provision of Article 5.6 shall apply. However, if the Work Programme of 3D seismic API in Article 5.2.1 (a) is equal in size to the Contract Area then the Contractor shall be exempted from carrying out give priority to the 2D seismic Mandatory Work Programmedevelopment of that type of Petroleum for which the Block is designated. 5.2.1 During the currency of the Initial Exploration Period, as per Article 3.2, the Contractor shall complete the following Work Programme: (a) a seismic programme consisting of the acquisition, processing and interpretation of line kilometres of 2D and sq. kms. of 3D seismic data in relation to the exploration objectives; and (b) Exploration Well(s) shall be drilled to at least one of the following depths: (i) metres (from sea bed); (ii) to Basement; (iii) that point below which further drilling becomes impracticable due to geological conditions encountered and drilling would be abandoned by a reasonable prudent operator in the same or similar circumstances. Abandonment of drilling under this provision by the Contractor would require unanimous approval of the Management Committee. 5.3 During the currency of Subsequent Exploration Period, if opted in accordance with Article 3.4 (a), the Contractor shall complete the following Work Programme:- For Onland Blocks and Shallow water blocks: One (1) Exploration well in per Year or For Deepwater blocks: One (1) Exploration Well to at least one of the following depths: (i) metres from Sea bed; (to be specified by the Contractor at the time of exercising the option) (ii) to Basement (iii) that point below which further drilling becomes impracticable due to geological conditions encountered and drilling would be abandoned by a reasonable prudent operator in the same or similar circumstances. Abandonment of drilling under this provision by the Contractor would require unanimous approval of the Management Committee. 5.4 The Contractor shall ensure that all relevant subsurface, geological, geochemical and geophysical information necessary for the attainment of the exploration objectives in accordance with modern oilfield and petroleum industry practices is obtained during exploratory drilling. 5.5 If the depth of the Well is not achieved for any reason, a substitute Well shall be drilled of the same specifications as stipulated in and subject to Articles 5.2 & 5.3, as the case may be. 5.6 5.8 Subject to Article 3130, the Contractor undertakes to complete the Mandatory Work Programme and Minimum Work Programme in accordance with Articles 5.2, 5.2.1, 5.3 and 5.5, as the case may be. In the event that the Contractor fails to fulfil fulfill the said Mandatory Work Programme or Minimum Work Programme or Work Programme committed during the Initial Exploration Period or Subsequent (Phase-I) and Exploration Period or early termination of the Contract by the Government for any reason whatsoever(Phase-II), then each Company Member constituting the Contractor shall pay to the Government, within sixty (60) days following the end of the Initial Exploration Period or Subsequent Exploration Period or early termination of the Contract, as may be the case, Government its Participating Interest share for an amount which shall be equivalent to Liquidated Damages as specified below: In US $ Onland (Excludin g CBM)* Shallow water Deep water Ultra Deepwater CBM Per well well/Corehole (as applicable) 1,000,000 3,000,000 6,000,000 8,000,000 Corehole – 250,000 Pilot Assessment Well – 650,000 Per xx.xx. of 3D 3DSeismic 5,000 1,500 1,500 1,500 N.A. Per line km. of 2D of2D Seismic 2,500 1,000 1,000 In case 1,000 N.A. It is clarified that Liquidated Damages for Contract Areas in Frontier Areas shall be payable in accordance with this Article 5.8 depending on the category of 2D seismic and 3D seismic the Contractor shall pay LD for the quantum of Work Programme Contract Area that it falls short of the Minimum Work Programme. Howeverunder, in case of Well(s) which have not been drilled to the depth specified in the Minimum Work Programme, the Contractor shall pay LD for the entire Well, irrespective of the metreage left to be drilled. 5.7 If the Work Programme for the Subsequent Exploration Period has been completed earlier than specified period, the Contractor shall meet with the Government to discuss the possibility of early relinquishment, unless the Contractor undertakes further work with the approval of the Management Committee. 5.8 As soon as possible after the Effective Date and thereafter within ninety (90) days before commencement of each following year, the Contractor shall submit to the Management Committee the Work Programmes and the budgets relating to petroleum operations to be carried out during the relevant year. Work Programme and Budgets for the exploration period shall include work sufficient to meet the relevant Mandatory Work Programme and Minimum Work Programme with respect to Initial Exploration Period specified table in this Article 55.8 above. 5.9 The Contractor may propose modifications or revisions to the details of a reviewed or an approved Work Programme and Budget, as the case may be, in the light of the then existing circumstances and shall submit to the Management Committee modifications or revisions to the Work Programme and Budget referred to in Article 5.8 5.10 Work Programmes and Budgets and any modifications or revisions thereto relating to Exploration Operations shall be submitted to the Management Committee for review and advice as provided in Article

Work Programme. 5.1 The Contractor shall commence Petroleum Operations not later than six (6) months from the Effective Date. 5.2 In addition to the Work Programme Commitment in Initial Exploration Period specified below in Article 5.2.1 and 5.3, the Contractor Shall be required to undertake and complete the 2D seismic API, in grid size of LKM X LKM covering the entire Contract Area (herein after referred to as “Mandatory Work Programme”) during Initial Exploration Period. In case due to any reason intrinsic to the Contract Area, the Contractor is not able to cover any part of the Contract Area by 2D seismic survey of grid size specified in this Article, the contractor shall submit a proposal for substitution of the shortfall in the Mandatory Work Programme to the Management Committee for approval. The Management Committee shall consider and take a reasoned unanimous decision on the proposal of the Contractor in a timely manner. The Management Committee may ask the Contractor by giving a reasonable time, any relevant information / details / data to enable it to take a decision on the proposal. The Management Committee shall ensure that the substituted work programme shall be atleast equal to the shortfall in the Mandatory Work Programme when evaluated in terms of efforts and expenditure. In case Management Committee is not able to decide unanimously, the matter may be referred for approval of the Government. In case no proposal is received from the Contractor for the substitution and fails to complete Mandatory Work Programme the provision of Article 5.6 shall apply. However, if the Work Programme of 3D seismic API in Article 5.2.1 (a) is equal in size to the Contract Area then the Contractor shall be exempted from carrying out the 2D seismic Mandatory Work Programme. 5.2.1 During the currency of the Initial first Exploration PeriodPhase, as per Article 3.2, the Contractor shall complete the following Work Programme: (a) a seismic programme consisting of the acquisition, processing and interpretation of line kilometres of 2D and sq. kms. of 3D seismic data in relation to the exploration objectives; and (b) Exploration Well(s) Xxxxx of which at least one Well shall be a deep test Well and shall be drilled to at least one of the following depthsdepths : (i) metres and (from sea bedgeological objective); (iii) to Basement;; and (iiii) that point below which further drilling becomes impracticable due to geological conditions encountered and drilling would be abandoned by a reasonable prudent operator in the same or similar circumstances. Abandonment of drilling under this provision by the Contractor Contractor, would require unanimous approval of the Management Committee. 5.3 During the currency of Subsequent the second Exploration PeriodPhase, if opted in accordance with as per Article 3.4 (a)3.3, the Contractor shall complete the following Work Programme:- For Onland Blocks Programme: (a) a seismic programme consisting of the acquisition, processing and Shallow water blocks: One interpretation of (1b) Exploration well in per Year or For Deepwater blocks: One (1) Exploration Xxxxx of which at least one Well shall be a deep test Well and shall be drilled to at least one of the following depthsdepths : (i) metres from Sea bedand (geological objective); (to be specified by the Contractor at the time of exercising the option) (ii( i) to Basement; and (iii( i) that point below which further drilling becomes impracticable due to geological conditions encountered and drilling would be abandoned by a reasonable prudent operator in the same or similar circumstances. Abandonment of drilling under this provision by the Contractor Contractor, would require unanimous approval of the Management Committee. 5.4 The Contractor shall ensure that all relevant subsurface, geological, geochemical and geophysical information necessary for During the attainment currency of the exploration objectives in accordance with modern oilfield and petroleum industry practices is obtained during exploratory drilling. 5.5 If the depth of the Well is not achieved for any reason, a substitute Well shall be drilled of the same specifications as stipulated in and subject to Articles 5.2 & 5.3third Exploration Phase, as the case may be. 5.6 Subject to per Article 31, the Contractor undertakes to complete the Mandatory Work Programme and Minimum Work Programme in accordance with Articles 5.2, 5.2.1, 5.3 and 5.5, as the case may be. In the event that the Contractor fails to fulfil the said Mandatory Work Programme or Minimum Work Programme or Work Programme committed during the Initial Exploration Period or Subsequent Exploration Period or early termination of the Contract by the Government for any reason whatsoever, each Company constituting the Contractor shall pay to the Government, within sixty (60) days following the end of the Initial Exploration Period or Subsequent Exploration Period or early termination of the Contract, as may be the case, its Participating Interest share for an amount which shall be equivalent to Liquidated Damages as specified below: Per well 1,000,000 3,000,000 6,000,000 Per xx.xx. of 3D 5,000 1,500 1,500 Per line km. of 2D 2,500 1,000 1,000 In case of 2D seismic and 3D seismic the Contractor shall pay LD for the quantum of Work Programme that falls short of the Minimum Work Programme. However, in case of Well(s) which have not been drilled to the depth specified in the Minimum Work Programme3.4, the Contractor shall pay LD for complete the entire Well, irrespective following Work Programme: (a) line kilometres of data acquisition; (b) line kilometres of data processing and data interpretation in relation to the exploration objectives; and (c) Exploration Xxxxx of which at least one Well shall be a deep test Well and shall be drilled to at least one of the metreage left following depths : i) metres and (geological objective); i) to Basement; and i) that point below which further drilling becomes impracticable due to geological conditions encountered and drilling would be drilled. 5.7 If abandoned by a reasonable prudent operator in the Work Programme for same or similar circumstances. Abandonment of drilling under this provision by the Subsequent Exploration Period has been completed earlier than specified periodContractor, the Contractor shall meet with the Government to discuss the possibility of early relinquishment, unless the Contractor undertakes further work with the would require unanimous approval of the Management Committee. 5.8 As soon as possible after the Effective Date and thereafter within ninety (90) days before commencement of each following year, the Contractor shall submit to the Management Committee the Work Programmes and the budgets relating to petroleum operations to be carried out during the relevant year. Work Programme and Budgets for the exploration period shall include work sufficient to meet the relevant Mandatory Work Programme and Minimum Work Programme with respect to Initial Exploration Period specified in this Article 5. 5.9 The Contractor may propose modifications or revisions to the details of a reviewed or an approved Work Programme and Budget, as the case may be, in the light of the then existing circumstances and shall submit to the Management Committee modifications or revisions to the Work Programme and Budget referred to in Article 5.8 5.10 Work Programmes and Budgets and any modifications or revisions thereto relating to Exploration Operations shall be submitted to the Management Committee for review and advice as provided in Article

Work Programme. 5.1 The Contractor shall commence Petroleum Operations not later than six (6) months from the Effective Date. 5.2 During the currency of the Exploration Period (Phase-I), the Contractor shall complete the following Work Programme, which shall constitute the Minimum Work Programme committed for Exploration Period (Phase-I): 5.3 In relation to Petroleum Operations other than CBM, at the expiry of the Exploration Period (Phase-I), the Contractor may proceed to the Exploration Period (Phase-II) by committing: (i) drilling of three Exploration Wellsat anytime during three (3) years of Exploration Period (Phase-II) in Contract Area in case of onland and shallow water blocks; or(ii) two Exploration Xxxxx (i.e. one Well in each two-year period of four (4) years) in Contract Area in case of Frontier Area, and Deepwater Areas;or (iii) one Exploration Well in four (4) years in the Contract Area in case of Ultra Deepwater Blocks, as the case may be;subject to submission of the requisite guarantees as provided for in Article 28. The depth of such Well(s) will be notified by the Contractor to the Management Committee at the time of exercising this option of entering into Exploration Period (Phase-II). 5.4 In relation to Petroleum Operations for CBM, the Contractor shall be required to undertake the following Work Programme for Exploration Period (Phase-II), which shall constitute the Minimum Work Programme committed for Exploration Period (Phase-II): 5.5 In addition to the Minimum Work Programme Commitment in Initial Exploration Period (Phase-I) specified below in Article 5.2.1 and 5.3Article 5.2 above, the Contractor Shall shall, wherever applicable, be required to undertake and complete the 2D seismic API, in grid size of LKM X LKM covering the entire Contract Area (herein after referred to as “"Mandatory Work Programme”") during Initial Exploration PeriodPeriod (Phase-I). In case due to any reason intrinsic to Provided however that, in the Contract Area, event the Contractor is not able to cover any undertakes 3D seismic API in a part of the Contract Area by 2D seismic survey of grid size specified in this Article, the contractor it shall submit a proposal for substitution of the shortfall in be deemed to have discharged the Mandatory Work Programme in that part of the Contract Area and will not be required to undertake the mandatory 2D seismic API in that part of the Contract Area. 5.6 If the Contractor had purchased, before or after the award of a particular Block, 2D and/or 3D seismic data generated under a multi-client speculative survey model for that particular Block, then the same can be set off against the Mandatory Work Programme and/orMinimum Work Programmefor that Block. 5.7 The Contractor shall have the right to formulate an additional Work Programme, within the stipulated period as specified in Article 3, to cover Petroleum Operations for any type of hydrocarbon other than the type for which the Block was designated, and shall submit the same to the Management Committee for approval. The Management Committee shall consider and take a reasoned unanimous decision on the proposal of the Contractor in a timely manner. The Management Committee may ask the Contractor by giving a reasonable time, any relevant information / details / data to enable it to take a decision on the proposal. The Management Committee shall ensure its information.Provided however that the substituted work programme shall be atleast equal to the shortfall in the Mandatory Work Programme when evaluated in terms of efforts and expenditure. In case Management Committee is not able to decide unanimously, the matter may be referred for approval of the Government. In case no proposal is received from the Contractor for the substitution and fails to complete Mandatory Work Programme the provision of Article 5.6 shall apply. However, if the Work Programme of 3D seismic API in Article 5.2.1 (a) is equal in size to the Contract Area then the Contractor shall be exempted from carrying out give priority to the 2D seismic Mandatory Work Programmedevelopment of that type of Petroleum for which the Block is designated. 5.2.1 During the currency of the Initial Exploration Period, as per Article 3.2, the Contractor shall complete the following Work Programme: (a) a seismic programme consisting of the acquisition, processing and interpretation of line kilometres of 2D and sq. kms. of 3D seismic data in relation to the exploration objectives; and (b) Exploration Well(s) shall be drilled to at least one of the following depths: (i) metres (from sea bed); (ii) to Basement; (iii) that point below which further drilling becomes impracticable due to geological conditions encountered and drilling would be abandoned by a reasonable prudent operator in the same or similar circumstances. Abandonment of drilling under this provision by the Contractor would require unanimous approval of the Management Committee. 5.3 During the currency of Subsequent Exploration Period, if opted in accordance with Article 3.4 (a), the Contractor shall complete the following Work Programme:- For Onland Blocks and Shallow water blocks: One (1) Exploration well in per Year or For Deepwater blocks: One (1) Exploration Well to at least one of the following depths: (i) metres from Sea bed; (to be specified by the Contractor at the time of exercising the option) (ii) to Basement (iii) that point below which further drilling becomes impracticable due to geological conditions encountered and drilling would be abandoned by a reasonable prudent operator in the same or similar circumstances. Abandonment of drilling under this provision by the Contractor would require unanimous approval of the Management Committee. 5.4 The Contractor shall ensure that all relevant subsurface, geological, geochemical and geophysical information necessary for the attainment of the exploration objectives in accordance with modern oilfield and petroleum industry practices is obtained during exploratory drilling. 5.5 If the depth of the Well is not achieved for any reason, a substitute Well shall be drilled of the same specifications as stipulated in and subject to Articles 5.2 & 5.3, as the case may be. 5.6 5.8 Subject to Article 3130, the Contractor undertakes to complete the Mandatory Work Programme and Minimum Work Programme in accordance with Articles 5.2, 5.2.1, 5.3 and 5.5, as the case may be. In the event that the Contractor fails to fulfil fulfill the said Mandatory Work Programme or Minimum Work Programme or Work Programme committed during the Initial Exploration Period or Subsequent (Phase- I) and Exploration Period or early termination of the Contract by the Government for any reason whatsoever(Phase-II), then each Company Member constituting the Contractor shall pay to the Government, within sixty (60) days following the end of the Initial Exploration Period or Subsequent Exploration Period or early termination of the Contract, as may be the case, Government its Participating Interest share for an amount which shall be equivalent to Liquidated Damages as specified below: In US $ Onland (Excludin g CBM)* Shallow water Deep water Ultra Deepwater CBM Per well well/Corehole (as applicable) 1,000,000 3,000,000 6,000,000 8,000,000 Corehole – 250,000 Pilot AssessmentWell – 650,000 Per xx.xx. of 3D 3DSeismic 5,000 1,500 1,500 1,500 N.A. Per line km. of 2D of2D Seismic 2,500 1,000 1,000 In case 1,000 N.A. It is clarified that Liquidated Damages for Contract Areas in Frontier Areas shall be payable in accordance with this Article 5.8 depending on the category of 2D seismic and 3D seismic the Contractor shall pay LD for the quantum of Work Programme Contract Area that it falls short of the Minimum Work Programme. Howeverunder, in case of Well(s) which have not been drilled to the depth specified in the Minimum Work Programme, the Contractor shall pay LD for the entire Well, irrespective of the metreage left to be drilled. 5.7 If the Work Programme for the Subsequent Exploration Period has been completed earlier than specified period, the Contractor shall meet with the Government to discuss the possibility of early relinquishment, unless the Contractor undertakes further work with the approval of the Management Committee. 5.8 As soon as possible after the Effective Date and thereafter within ninety (90) days before commencement of each following year, the Contractor shall submit to the Management Committee the Work Programmes and the budgets relating to petroleum operations to be carried out during the relevant year. Work Programme and Budgets for the exploration period shall include work sufficient to meet the relevant Mandatory Work Programme and Minimum Work Programme with respect to Initial Exploration Period specified table in this Article 55.8 above. 5.9 The Contractor may propose modifications or revisions to the details of a reviewed or an approved Work Programme and Budget, as the case may be, in the light of the then existing circumstances and shall submit to the Management Committee modifications or revisions to the Work Programme and Budget referred to in Article 5.8 5.10 Work Programmes and Budgets and any modifications or revisions thereto relating to Exploration Operations shall be submitted to the Management Committee for review and advice as provided in Article

Work Programme. 5.1 The Contractor shall commence Petroleum Operations not later than six (6) months from the Effective Date. 5.2 During the currency of the Exploration Period (Phase-I), the Contractor shall complete the following Work Programme, which shall constitute the Minimum Work Programme committed for Exploration Period (Phase-I): 5.3 In relation to Petroleum Operations other than CBM, at the expiry of the Exploration Period (Phase-I), the Contractor may proceed to the Exploration Period (Phase-II) by committing: (i) drilling of three Exploration Wellsat anytime during three (3) years of Exploration Period (Phase-II) in Contract Area in case of onland and shallow water blocks; or(ii) two Exploration Xxxxx (i.e. one Well in each two-year period of four (4) years) in Contract Area in case of Frontier Area, and Deepwater Areas;or (iii) one Exploration Well in four (4) years in the Contract Area in case of Ultra Deepwater Blocks, as the case may be;subject to submission of the requisite guarantees as provided for in Article 28. The depth of such Well(s) will be notified by the Contractor to the Management Committee at the time of exercising this option of entering into Exploration Period (Phase-II). 5.4 In relation to Petroleum Operations for CBM, the Contractor shall be required to undertake the following Work Programme for Exploration Period (Phase-II), which shall constitute the Minimum Work Programme committed for Exploration Period (Phase-II): 5.5 In addition to the Minimum Work Programme Commitment in Initial Exploration Period (Phase-I) specified below in Article 5.2.1 and 5.3Article 5.2 above, the Contractor Shall shall, wherever applicable, be required to undertake and complete the 2D seismic API, in grid size of LKM X LKM covering the entire Contract Area (herein after referred to as “"Mandatory Work Programme”") during Initial Exploration PeriodPeriod (Phase-I). In case due to any reason intrinsic to Provided however that, in the Contract Area, event the Contractor is not able to cover any undertakes 3D seismic API in a part of the Contract Area by 2D seismic survey of grid size specified in this Article, the contractor it shall submit a proposal for substitution of the shortfall in be deemed to have discharged the Mandatory Work Programme in that part of the Contract Area and will not be required to undertake the mandatory 2D seismic API in that part of the Contract Area. 5.6 If the Contractor had purchased, before or after the award of a particular Block, 2D and/or 3D seismic data generated under a multi-client speculative survey model for that particular Block, then the same can be set off against the Mandatory Work Programme and/orMinimum Work Programmefor that Block. 5.7 The Contractor shall have the right to formulate an additional Work Programme, within the stipulated period as specified in Article 3, to cover Petroleum Operations for any type of hydrocarbon other than the type for which the Block was designated, and shall submit the same to the Management Committee for approval. The Management Committee shall consider and take a reasoned unanimous decision on the proposal of the Contractor in a timely manner. The Management Committee may ask the Contractor by giving a reasonable time, any relevant information / details / data to enable it to take a decision on the proposal. The Management Committee shall ensure its information.Provided however that the substituted work programme shall be atleast equal to the shortfall in the Mandatory Work Programme when evaluated in terms of efforts and expenditure. In case Management Committee is not able to decide unanimously, the matter may be referred for approval of the Government. In case no proposal is received from the Contractor for the substitution and fails to complete Mandatory Work Programme the provision of Article 5.6 shall apply. However, if the Work Programme of 3D seismic API in Article 5.2.1 (a) is equal in size to the Contract Area then the Contractor shall be exempted from carrying out give priority to the 2D seismic Mandatory Work Programmedevelopment of that type of Petroleum for which the Block is designated. 5.2.1 During the currency of the Initial Exploration Period, as per Article 3.2, the Contractor shall complete the following Work Programme: (a) a seismic programme consisting of the acquisition, processing and interpretation of line kilometres of 2D and sq. kms. of 3D seismic data in relation to the exploration objectives; and (b) Exploration Well(s) shall be drilled to at least one of the following depths: (i) metres (from sea bed); (ii) to Basement; (iii) that point below which further drilling becomes impracticable due to geological conditions encountered and drilling would be abandoned by a reasonable prudent operator in the same or similar circumstances. Abandonment of drilling under this provision by the Contractor would require unanimous approval of the Management Committee. 5.3 During the currency of Subsequent Exploration Period, if opted in accordance with Article 3.4 (a), the Contractor shall complete the following Work Programme:- For Onland Blocks and Shallow water blocks: One (1) Exploration well in per Year or For Deepwater blocks: One (1) Exploration Well to at least one of the following depths: (i) metres from Sea bed; (to be specified by the Contractor at the time of exercising the option) (ii) to Basement (iii) that point below which further drilling becomes impracticable due to geological conditions encountered and drilling would be abandoned by a reasonable prudent operator in the same or similar circumstances. Abandonment of drilling under this provision by the Contractor would require unanimous approval of the Management Committee. 5.4 The Contractor shall ensure that all relevant subsurface, geological, geochemical and geophysical information necessary for the attainment of the exploration objectives in accordance with modern oilfield and petroleum industry practices is obtained during exploratory drilling. 5.5 If the depth of the Well is not achieved for any reason, a substitute Well shall be drilled of the same specifications as stipulated in and subject to Articles 5.2 & 5.3, as the case may be. 5.6 5.8 Subject to Article 3130, the Contractor undertakes to complete the Mandatory Work Programme and Minimum Work Programme in accordance with Articles 5.2, 5.2.1, 5.3 and 5.5, as the case may be. In the event that the Contractor fails to fulfil fulfill the said Mandatory Work Programme or Minimum Work Programme or Work Programme committed during the Initial Exploration Period or Subsequent (Phase-I) and Exploration Period or early termination of the Contract by the Government for any reason whatsoever(Phase-II), then each Company Member constituting the Contractor shall pay to the Government, within sixty (60) days following the end of the Initial Exploration Period or Subsequent Exploration Period or early termination of the Contract, as may be the case, Government its Participating Interest share for an amount which shall be equivalent to Liquidated Damages as specified below: In US $ Onland (Excludin g CBM)* Shallow water Deep water Ultra Deepwater CBM Per well well/Corehole (as applicable) 1,000,000 3,000,000 6,000,000 8,000,000 Corehole –250,000Pilot AssessmentWell – 650,000 Per xx.xx. of 3D 3DSeismic 5,000 1,500 1,500 1,500 N.A. Per line km. of 2D of2D Seismic 2,500 1,000 1,000 In case 1,000 N.A. It is clarified that Liquidated Damages for Contract Areas in Frontier Areas shall be payable in accordance with this Article 5.8 depending on the category of 2D seismic and 3D seismic the Contractor shall pay LD for the quantum of Work Programme Contract Area that it falls short of the Minimum Work Programme. Howeverunder, in case of Well(s) which have not been drilled to the depth specified in the Minimum Work Programme, the Contractor shall pay LD for the entire Well, irrespective of the metreage left to be drilled. 5.7 If the Work Programme for the Subsequent Exploration Period has been completed earlier than specified period, the Contractor shall meet with the Government to discuss the possibility of early relinquishment, unless the Contractor undertakes further work with the approval of the Management Committee. 5.8 As soon as possible after the Effective Date and thereafter within ninety (90) days before commencement of each following year, the Contractor shall submit to the Management Committee the Work Programmes and the budgets relating to petroleum operations to be carried out during the relevant year. Work Programme and Budgets for the exploration period shall include work sufficient to meet the relevant Mandatory Work Programme and Minimum Work Programme with respect to Initial Exploration Period specified table in this Article 55.8 above. 5.9 The Contractor may propose modifications or revisions to the details of a reviewed or an approved Work Programme and Budget, as the case may be, in the light of the then existing circumstances and shall submit to the Management Committee modifications or revisions to the Work Programme and Budget referred to in Article 5.8 5.10 Work Programmes and Budgets and any modifications or revisions thereto relating to Exploration Operations shall be submitted to the Management Committee for review and advice as provided in Article

Work Programme. 5.1 The Contractor shall commence Petroleum Operations not later than six (6) months from the Effective Date. 5.2 During the currency of the Exploration Period (Phase-I), the Contractor shall complete the following Work Programme, which shall constitute the Minimum Work Programme committed for Exploration Period (Phase-I): 5.3 In relation to Petroleum Operations other than CBM, at the expiry of the Exploration Period (Phase-I), the Contractor may proceed to the Exploration Period (Phase-II) by committing: (i) drilling of three Exploration Wellsat anytime during three (3) years of Exploration Period (Phase-II) in Contract Area in case of onland and shallow water blocks; or(ii) two Exploration Xxxxx (i.e. one Well in each two-year period of four (4) years) in Contract Area in case of Frontier Area, and Deepwater Areas;or (iii) one Exploration Well in four (4) years in the Contract Area in case of Ultra Deepwater Blocks, as the case may be;subject to submission of the requisite guarantees as provided for in Article 28. The depth of such Well(s) will be notified by the Contractor to the Management Committee at the time of exercising this option of entering into Exploration Period (Phase-II). 5.4 In relation to Petroleum Operations for CBM, the Contractor shall be required to undertake the following Work Programme for Exploration Period (Phase-II), which shall constitute the Minimum Work Programme committed for Exploration Period (Phase-II): 5.5 In addition to the Minimum Work Programme Commitment in Initial Exploration Period (Phase-I) specified below in Article 5.2.1 and 5.3Article 5.2 above, the Contractor Shall shall, wherever applicable, be required to undertake and complete the 2D seismic API, in grid size of LKM X LKM covering the entire Contract Area (herein after referred to as “"Mandatory Work Programme”") during Initial Exploration PeriodPeriod (Phase-I). In case due to any reason intrinsic to Provided however that, in the Contract Area, event the Contractor is not able to cover any undertakes 3D seismic API in a part of the Contract Area by 2D seismic survey of grid size specified in this Article, the contractor it shall submit a proposal for substitution of the shortfall in be deemed to have discharged the Mandatory Work Programme in that part of the Contract Area and will not be required to undertake the mandatory 2D seismic API in that part of the Contract Area. 5.6 If the Contractor had purchased, before or after the award of a particular Block, 2D and/or 3D seismic data generated under a multi-client speculative survey model for that particular Block, then the same can be set off against the Mandatory Work Programme and/orMinimum Work Programmefor that Block. 5.7 The Contractor shall have the right to formulate an additional Work Programme, within the stipulated period as specified in Article 3, to cover Petroleum Operations for any type of hydrocarbon other than the type for which the Block was designated, and shall submit the same to the Management Committee for approval. The Management Committee shall consider and take a reasoned unanimous decision on the proposal of the Contractor in a timely manner. The Management Committee may ask the Contractor by giving a reasonable time, any relevant information / details / data to enable it to take a decision on the proposal. The Management Committee shall ensure its information.Provided however that the substituted work programme shall be atleast equal to the shortfall in the Mandatory Work Programme when evaluated in terms of efforts and expenditure. In case Management Committee is not able to decide unanimously, the matter may be referred for approval of the Government. In case no proposal is received from the Contractor for the substitution and fails to complete Mandatory Work Programme the provision of Article 5.6 shall apply. However, if the Work Programme of 3D seismic API in Article 5.2.1 (a) is equal in size to the Contract Area then the Contractor shall be exempted from carrying out give priority to the 2D seismic Mandatory Work Programmedevelopment of that type of Petroleum for which the Block is designated. 5.2.1 During the currency of the Initial Exploration Period, as per Article 3.2, the Contractor shall complete the following Work Programme: (a) a seismic programme consisting of the acquisition, processing and interpretation of line kilometres of 2D and sq. kms. of 3D seismic data in relation to the exploration objectives; and (b) Exploration Well(s) shall be drilled to at least one of the following depths: (i) metres (from sea bed); (ii) to Basement; (iii) that point below which further drilling becomes impracticable due to geological conditions encountered and drilling would be abandoned by a reasonable prudent operator in the same or similar circumstances. Abandonment of drilling under this provision by the Contractor would require unanimous approval of the Management Committee. 5.3 During the currency of Subsequent Exploration Period, if opted in accordance with Article 3.4 (a), the Contractor shall complete the following Work Programme:- For Onland Blocks and Shallow water blocks: One (1) Exploration well in per Year or For Deepwater blocks: One (1) Exploration Well to at least one of the following depths: (i) metres from Sea bed; (to be specified by the Contractor at the time of exercising the option) (ii) to Basement (iii) that point below which further drilling becomes impracticable due to geological conditions encountered and drilling would be abandoned by a reasonable prudent operator in the same or similar circumstances. Abandonment of drilling under this provision by the Contractor would require unanimous approval of the Management Committee. 5.4 The Contractor shall ensure that all relevant subsurface, geological, geochemical and geophysical information necessary for the attainment of the exploration objectives in accordance with modern oilfield and petroleum industry practices is obtained during exploratory drilling. 5.5 If the depth of the Well is not achieved for any reason, a substitute Well shall be drilled of the same specifications as stipulated in and subject to Articles 5.2 & 5.3, as the case may be. 5.6 5.8 Subject to Article 3130, the Contractor undertakes to complete the Mandatory Work Programme and Minimum Work Programme in accordance with Articles 5.2, 5.2.1, 5.3 and 5.5, as the case may be. In the event that the Contractor fails to fulfil fulfill the said Mandatory Work Programme or Minimum Work Programme or Work Programme committed during the Initial Exploration Period or Subsequent (Phase- I) and Exploration Period or early termination of the Contract by the Government for any reason whatsoever(Phase-II), then each Company Member constituting the Contractor shall pay to the Government, within sixty (60) days following the end of the Initial Exploration Period or Subsequent Exploration Period or early termination of the Contract, as may be the case, Government its Participating Interest share for an amount which shall be equivalent to Liquidated Damages as specified below: In US $ Onland (Excludin g CBM)* Shallow water Deep water Ultra Deepwater CBM Per well well/Corehole (as applicable) 1,000,000 3,000,000 6,000,000 8,000,000 Corehole – 250,000 PilotAssessment Well – 650,000 Per xx.xx. of 3D 3DSeismic 5,000 1,500 1,500 1,500 N.A. Per line km. of 2D of2D Seismic 2,500 1,000 1,000 In case 1,000 N.A. It is clarified that Liquidated Damages for Contract Areas in Frontier Areas shall be payable in accordance with this Article 5.8 depending on the category of 2D seismic and 3D seismic the Contractor shall pay LD for the quantum of Work Programme Contract Area that it falls short of the Minimum Work Programme. Howeverunder, in case of Well(s) which have not been drilled to the depth specified in the Minimum Work Programme, the Contractor shall pay LD for the entire Well, irrespective of the metreage left to be drilled. 5.7 If the Work Programme for the Subsequent Exploration Period has been completed earlier than specified period, the Contractor shall meet with the Government to discuss the possibility of early relinquishment, unless the Contractor undertakes further work with the approval of the Management Committee. 5.8 As soon as possible after the Effective Date and thereafter within ninety (90) days before commencement of each following year, the Contractor shall submit to the Management Committee the Work Programmes and the budgets relating to petroleum operations to be carried out during the relevant year. Work Programme and Budgets for the exploration period shall include work sufficient to meet the relevant Mandatory Work Programme and Minimum Work Programme with respect to Initial Exploration Period specified table in this Article 55.8 above. 5.9 The Contractor may propose modifications or revisions to the details of a reviewed or an approved Work Programme and Budget, as the case may be, in the light of the then existing circumstances and shall submit to the Management Committee modifications or revisions to the Work Programme and Budget referred to in Article 5.8 5.10 Work Programmes and Budgets and any modifications or revisions thereto relating to Exploration Operations shall be submitted to the Management Committee for review and advice as provided in Article