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SUPPLEMENTAL MEMORANDUM
THIS SUPPLEMENTAL MEMORANDUM, dated as of August 24, 1983, by and
between Perusahaan Pertambangan Minyak Xxx Gas Bumi Negara ("Pertamina"), on
the one hand, and Xxx X. Huffington, Inc., Virginia International Company,
Ultramar Indonesia Limited (formerly Golden Eagle Indonesia Limited),
Indonesian Superior Oil Company (successor in interest to The Superior Oil
Company), Union Texas Far East Corporation and Universe Tankships, Inc. (herein
referred to collectively as "Contractors") on the other. Pertamina and
Contractors do hereby agree as follows:
ARTICLE 1
Definitions
1.1 As used herein, the following terms shall have the meanings
indicated below:
A. "Certified Reserves" shall mean those certain estimated
reserves of natural gas, certified by XxXxxxxx and XxxXxxxxxxx in written
statements, dated on or before November 15, 1979, from which reserves the
Huffco Contract Gas, the Mahakam Contract Gas and the Attaka Contract Gas are
to be taken.
B. "Expansion Supply Agreement" shall mean that certain
Supply Agreement for Badak LNG Expansion Project, made and entered into as of
April 14, 1981, by and between Pertamina and Contractors (or, as to Indonesian
Superior Oil Company, its predecessor in interest).
C. "Memorandum of Understanding" shall mean that certain
Memorandum of Understanding, made and entered into as of April 14, 1981,
concurrently with the Expansion Supply Agreement by and between Pertamina,
Contractors (or, as to Indonesian Superior Oil Company, its predecessor in
interest), et al.
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1.2 All terms used herein which are defined in the Expansion Supply
Agreement.
ARTICLE 2
Purpose of Supplemental Memorandum
2.1 This Supplemental Memorandum is made pursuant to the provisions
of Sections 3.4 and 3.6 of the Expansion Supply Agreement and its purposes are
as follows:
A. To reflect the adjustments to the Certified Reserves
contemplated and provided for in Section 3.4 of the Expansion Supply Agreement
and in the Memorandum of Understanding. These adjustments have been completed.
B. To confirm the respective amounts of the Attaka Contract
Gas, the Huffco Contract Gas and the Mahakam Contract Gas after (a) the
adjustments referred to in subparagraph A next above, and (b) execution of the
Xxxxx Unit Agreement by Contractors and Total Indonesie, et al., the final
redetermination of "Participating Interests" thereunder, and the approval of
such Unit Agreement and Participating Interests by Pertamina. The Xxxxx Unit
Agreement has been executed, such Participating Interest have been finally
redetermined and each has been approved by Pertamina.
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ARTICLE 3
Amount of Attaka Contract Gas, Huffco
Contract Gas and Mahakam Contract Gas, as Adjusted
3.1 The Badak LNG Sales Contract Gas Requirement and the amounts of
Certified Reserves, after adjustments as contemplated and provided for in
Section 3.4 of the Expansion Supply Agreement and in the Memorandum of
Understanding are as set forth in the table attached hereto as Exhibit A and
hereby made a part hereof. This Supplemental Memorandum shall confirm the
agreement of Pertamina and the Contractors to such adjustments.
3.2 The respective amounts of the Attaka Contract Gas, the Huffco
Contract Gas and the Mahakam Contract Gas, after such adjustments and
application of the Xxxxx unit Agreement to that part of the Huffco Contract Gas
and the Mahakam Contract Gas located in the Xxxxx Field are as follows:
Attaka Contract Gas 0.1515 TSCF 4.3828%
Huffco Contract Gas 2.2960 TSCF 66.4310%
Mahakam Contract Gas 1.0088 TSCF 29.1862%
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Badak LNG Sales Contract
Gas Requirement 3.4563 TSCF 100.000%
IN WITNESS WHEREOF, Pertamina and the Contractors have caused this
Supplemental Memorandum to be executed by their duly authorized representatives
effective as of this date first set forth above.
PERUSAHAAN PERTAMBANGAN MINYAK
XXX GAS BUMI NEGARA (PERTAMINA)
BY /s/
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XXX X. HUFFINGTON, INC.
BY /s/
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VIRGINIA INTERNATIONAL COMPANY
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BY /s/
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ULTRAMAR INDONESIA LIMITED
BY /s/
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INDONESIAN SUPERIOR OIL COMPANY
BY /s/
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UNION TEXAS FAR EAST CORPORATION
BY /s/
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UNIVERSE TANKSHIPS, INC.
BY /s/
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EXHIBIT A
ATTACHMENT TO
ADDENDUM TO MEMORANDUM OF UNDERSTANDING APRIL 14, 1981
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REVENUE ALLOCATION CALCULATION
DATE 23 AUGUST 1983
(IN TSCF)
(1) FIELD XXXXX XXXXX HDL+MKB ATTAKA TOTAL
(2) TYPE OF GAS SOLUTION SOLUTION SOLUTION SOLUTION
GAS CAP NON ASS GAS CAP GAS CAP
NON ASS. NON ASS
(3) D&M RESERVES NOVEMBER 1979 5,179000 2,201000 1,332000 0.438000 9,150000
(4) WELLHEAD GAS FOR TRAIN A.B 3,726400 0.0 0.0 0.0 3,726400
(5) GAS AVAILABLE 1,452600 2,201000 1,332000 0.438000 5,423599
(6) SHRINKAGE IN THE FIELD (%) 1,990000 1,430000 0.0 0.0
0.028907 0.031474 0.0 0.0 0.060380
(7) ACTUAL F/F BEFORE LEX (TO 1/12/1982) 0.0 0.006500 0.369900 0.096600 0.473000
(8) FUTURE F/F TO LEX 0.007400 0.009900 0.009800 0.004000 0.031100
(9) NET GAS TO LEX 1.416292 2.153125 0.952300 0.337400 4.859116
(10) SHRINKAGE IN LEX (%) 0.0 0.0 1.901000 10.842000
0.0 0.0 0.018103 0.036581 0.054684
(11) ACTUAL F/F AFTER LEX (TO 1/12/1982) 0.0 0.0 0.0 0.105700 0.105700
(12) FUTURE F/F AFTER LEX 0.0 0.0 0.031300 0.013100 0.044400
(13) AVAILABLE FOR TRAIN C.D & KFP-1 1.416292 2.153125 0.902897 0.182019 4.654331
(14) CO2 + INERT (%) 3.005000 6.020006 8.637000 2.850000
0.042560 0.129618 0.077983 0.005188 0.255348
(15) C4 PLUS (%) 2.590000 1.355000 1.305000 0.040000
0.036682 0.029175 0.011783 0.000073 0.077712
(16) NET GAS AVAILABLE 1.337050 1.994331 0.813131 0.176759 4.321270
(17) NET GAS ALLOCABLE TO TRAIN C+D & KFP-1 1.221352 1.821756 0.813131 0.176759 4.032996
30.283966 45.171280 20.161942 4.382812
(18) NET GAS ALLOCABLE TO TRAIN C+D 1.046703 1.561254 0.696857 0.151483 3.456296
(19) NET GAS ALLOCABLE TO KFP-1 0.174648 0.260503 0.116274 0.025276 0.576700
(20) GROSS GAS ALLOCABLE TO TRAIN C+D 1.108737 1.685563 0.773707 0.155891 3.7244077
(21) GROSS GAS ALLOCABLE TO KFP-1 0.184998 0.281244 0.129118 0.026028 0.621380
(22) EXCESS 0.122557 0.186317 -0.000000 -0.000000 0.300874
JAKARTA AUGUST 24, 1983.
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PERCENTAGE OF CONTRACT GAS
1. ATTAKA CONTRACT GAS
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1.1 ATTAKA 100% X 4.3828% = 4.3828%
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4.3828%
2. HUFFCO CONTRACT GAS
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2.1 BADAK 97.90% X 30.2840% = 29.6480%
2.2 XXXXX 81.43% X 45.1713% = 36.7830%
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66.4310%
3. MAHAKAM CONTRACT GAS
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3.1 HANDIL/BEKAPAI 100% X 20.1619% = 20.1619%
3.2 BADAK 2.10% X 30.2840% = 0.6360%
3.3 XXXXX 18.57% X 45.1713% = 8.3883%
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29.1862%
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TOTAL 100.00%
JAKARTA, AUGUST 24, 1983
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CONTRACT GAS
(IN TSCF)
1. ATTAKA CONTRACT GAS :
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4.3828% X 3.4563 : 0.1515
2. HUFFCO CONTRACT GAS :
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66.4310% X 3.4563 : 2.2960
3. MAHAKAM CONTRACT GAS :
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29.1862% X 3.4563 : 1.0088
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3.4563
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