Common use of Project Management Team Clause in Contracts

Project Management Team. For the development of the Oil Field within the Contract Area, a project management team (hereafter referred to as “PMT”) shall be established for the development of such Oil Field in the organization of the Operator within thirty (30) days from the date of approval of the Overall Development Program for the said Oil Field by the Department or Unit. PMT shall exist for the period of the development of the said Oil Field. PMT shall comprise those personnel designated by the Parties and the number of CNPC’s personnel shall be no less than one third (1/3) of the total number of personnel within PMT. The Contractor shall designate a person acting as the manager of PMT, and CNPC shall designate a person acting as the deputy manager of PMT. PMT shall be located at the Operator’s office within the Chinese territory. The working location(s) of the members of PMT shall be decided according to the need of the work. The specific organization, staffing and working system of PMT and responsibilities and competence of various positions including those of CNPC’s personnel assigned to PMT shall be determined by the Parties through consultation prior to the approval of the Overall Development Program for the said Oil Field. All costs for PMT shall be borne by the Operator, and shall be charged to the Development Costs.

Project Management Team. For the development of the Oil Field within the Contract Area, a project management team (hereafter referred to as “PMT”) shall be established for the development of such Oil Field in the organization of the Operator within thirty (30) days from the date of approval of the Overall Development Program for the said Oil Field by the Department or Unit. PMT shall exist for the period of the development of the said Oil Field. PMT shall comprise those personnel designated by the Parties and the number of CNPC’s personnel shall be no less than one third (1/3) of the total number of personnel within PMT. The Contractor shall designate a person acting as the manager of PMT, and CNPC shall designate a person acting as the deputy manager of PMT. PMT shall be located at the Operator’s office within the Chinese territory. The working location(s) of the members of PMT shall be decided according to the need of the work. The specific organization, staffing and working system of PMT and responsibilities and competence of various positions including those of CNPC’s personnel assigned to PMT shall be determined by the Parties through consultation prior to the approval of the Overall Development Program for the said Oil Field. The PMT established under this Article 8.8 shall be comprised of the same persons and identical with the PMT established for the purposes of the Daan Contract. All costs for the PMT shall be borne by the Operator, and . Such costs shall be apportioned between the Daan Contract and this Contract in manner determined by the JMC and charged to the as Development CostsCosts separately under such contracts in accordance with such apportionment.