EXHIBIT 4.7
YEAR 2003 PERFORMANCE CONTRACT WITH CHIEF GEOLOGICAL ENGINEER OF
PETROCHINA COMPANY LIMITED AND PRESIDENT OF
EXPLORATION AND DEVELOPMENT INSTITUTE
Offeree: Name: XXX, Xxxxxxxx Offeror: Name: XXXX, Xxxx Term of the Contract: January 1, 2003 to
December 31, 2003
Title: Chief Geological Engineer of PetroChina Company Title: President of PetroChina
Limited ("PetroChina") and President of Date of Execution: January 18, 2003
Exploration and Development Institute
("Institute")
INDICES KEY PERFORMANCE INDICES WEIGHT MEASUREMENT TARGET ACTUAL
(KPI) PERFORMANCE
------------------------------------------------------------------------------------------------------------------------------------
Profits Indices Rate of return of the invested 20% % 8.38
capital of PetroChina (ROIC)
Net income of PetroChina (NI) 20% In thousand RMB 34,280
------------------------------------------------------------------------------------------------------------------------------------
Operating Indices Performance rate of the oil 20% % 100
and gas reserves control plan
------------------------------------------------------------------------------------------------------------
Rate of reserves replacement 20% % 102
------------------------------------------------------------------------------------------------------------------------------------
Operating Indices Rate of excellent scientific 10% % 75
projects of the Institute
after being inspected in
acceptance tests
Rate of scientific products 10% % 80
which have been put into
application
------------------------------------------------------------------------------------------------------------------------------------
Signature of Offeree: /s/ XXX XXXXXXXX Signature of Offeror: /s/ XXXX XXXX
------------------ ---------------
