Common use of RIGHTS AND OBLIGATIONS OF THE CONTRACTOR Clause in Contracts

RIGHTS AND OBLIGATIONS OF THE CONTRACTOR. 3.1. The Contractor binds itself to exercise the rights and perform the obligations contained in this Agreement in an efficient, diligent, and expert manner. In addition to the rights conferred, and obligations undertaken, pursuant to other provisions of this Agreement, the Contractor must: (a) Carry out Petroleum Operations in accordance with Best International Industry Standards and Practices regarding operations, health and safety, security, conservation of resources and environment protection by employing modern, efficient machinery and applying suitable technology and methods in order to carry out the operations so as to maximize efficient recovery of oil and gas resources; (b) Maintain buildings, ▇▇▇▇▇, facilities, machinery, equipment, and any other property necessary to perform the operations hereunder in good operating conditions; (c) Take all steps necessary that these operations are carried out with as low as reasonably practicable impact on the environment. The Contractor must take reasonable practical steps to ensure that its activities have the lowest commercially and technically possible Greenhouse Gas (GHG) operational emissions; (d) Allow the Minister or the Minister’s designee, according to the Accounting Procedure, and any other competent entity, in accordance with the applicable law, to audit the accounting records; (e) Take all appropriate measures in emergency situations and upon any unforeseeable circumstances beyond the control of the parties, including, but not limited to, the performance of all necessary activities to clean and decontaminate surface and groundwater, as well as any other land, in the event of leak and/or contamination; (▇) ▇▇▇▇ inform the Minister or any other relevant Government entity with applicable authority of the existence of mineral, hydrological and other resources discovered as a result of the Petroleum Operations; (g) Allow the Minister and other relevant Government entities with applicable authority to control compliance with the Contractor’s obligations and facilitate activities of inspectors appointed to supervise Petroleum Operations; (h) Provide all the information, environmental impact assessments and specific technical studies required for the purposes of obtaining applicable environmental licenses; (i) Make sure Subcontractors comply with the same safety and environmental obligations the Contractor is subject to; (j) Indemnify and hold the State harmless, as the case may be, from all claims, losses and damages of any nature whatsoever that are caused by the Contractor’s and Subcontractors’ operations. Expenses incurred by the Contractor on this account shall not be considered Cost Oil; and (k) Make all the payments and entitlements due to the State in a timely manner. 3.2. The Contractor shall have the sole and exclusive right to conduct Petroleum Operations within the Contract Area and the free disposal of its share of the Petroleum produced.

RIGHTS AND OBLIGATIONS OF THE CONTRACTOR. 3.1. The Contractor binds itself to exercise the rights and perform the obligations contained in this Agreement in an efficient, diligent, and expert manner. In addition to the rights conferred, and obligations undertaken, pursuant to other provisions of this Agreement, the Contractor must: (a) Carry out Petroleum Operations in accordance with Best International Industry Standards and Practices regarding operations, health and safety, security, conservation of resources and environment protection by employing modern, efficient machinery and applying suitable technology and methods in order to carry out the operations so as to maximize efficient recovery of oil and gas resources; (b) Maintain buildings, ▇▇▇▇▇, facilities, machinery, equipment, and any other property necessary to perform the operations hereunder in good operating conditions; (c) Take all steps necessary that these operations are carried out with as low as reasonably practicable impact on the environment. The Contractor must take reasonable practical all steps to ensure necessary that its activities have the lowest commercially and technically possible Greenhouse Gas (GHG) operational emissions; (d) Allow the Minister or the Minister’s its designee, according to the Accounting Procedure, and any other competent entity, in accordance with the applicable law, to audit the accounting records; (e) Take all appropriate measures in emergency situations and upon any unforeseeable circumstances beyond the control of the parties, including, but not limited to, the performance of all necessary activities to clean and decontaminate surface and groundwater, as well as any other land, in the event of leak and/or contamination; (▇f) ▇▇▇▇ Duly inform the Minister Ministry or any other relevant competent Government entity with applicable authority Entity of the existence of mineral, hydrological and other resources discovered as a result of the Petroleum Operations; (g) Allow the Minister Ministry and other relevant competent Government entities with applicable authority Entities to control compliance with the Contractor’s obligations and facilitate activities of inspectors appointed to supervise Petroleum Operations; (h) Provide Provide, at its own expense, all the information, environmental impact assessments and specific technical studies required for the purposes of obtaining applicable environmental licenses; (i) Make sure Subcontractors comply with the same safety and environmental obligations the Contractor is subject to; (j) Indemnify and hold the State harmless, as the case may be, from all claimsany claim, losses legal action and damages of any nature whatsoever other charges from third parties that are may be caused by the Contractor’s and Subcontractors’ operations. Expenses incurred by the Contractor on this account shall not be considered Cost Oil; and (k) Make all the payments and entitlements due to the State in a timely manner. 3.2. The Contractor shall have the sole and exclusive right to conduct Petroleum Operations within the Contract Area and the free disposal of its share of the Petroleum producedArea.

RIGHTS AND OBLIGATIONS OF THE CONTRACTOR. 3.1. The Contractor binds itself to exercise the rights and perform the obligations contained in this Agreement in an efficient, diligent, and expert manner. In addition ‌ 3.1 Subject to the rights conferred, and obligations undertaken, pursuant to other provisions of this Agreement, the Contractor mustshall have the following rights: (a) Carry the exclusive right to carry out Petroleum Operations to recover costs and expenses as provided in this Agreement; b) the right to use, free of charge, such quantities of Petroleum produced as are reasonably required for conducting Petroleum Operations in the Agreement Area in accordance with Best International Industry Standards generally accepted modern oilfield/gasfield and Practices regarding operations, health and safety, security, conservation of resources and environment protection by employing modern, efficient machinery and applying suitable technology and methods in order to carry out the operations so as to maximize efficient recovery of oil and gas resources;petroleum industry practices; and (b) Maintain buildings, ▇▇▇▇▇, facilities, machinery, equipment, and any other property necessary to perform the operations hereunder in good operating conditions; (c) Take all steps the right to lay pipelines and build communication and infrastructure facilities and exercise other ancillary rights as may be reasonably necessary that these operations are carried out for the conduct of Petroleum Operations subject to obtaining the required approvals and compliance with as low as reasonably practicable impact on the environment. The Contractor must take reasonable practical steps relevant laws relating to ensure that its activities have the lowest commercially regulation and technically possible Greenhouse Gas (GHG) operational emissions;control thereof. (d) Allow the Minister or the Minister’s designee, according right to the Accounting Procedure, and any other competent entity, take Cost Petroleum in accordance with the applicable lawprovisions of Article 22; e) the right to take its Participating Interest share of Profit Petroleum in accordance with the provisions of Article 21; f) the right to receive its Participating Interest share of any incidental income and receipts arising from Petroleum Operations; and g) the obligation to contribute its Participating Interest share of costs and expenses including Agreement Costs. However the Government reserves the rights to itself, or to grant to others the right, to audit prospect for and mine minerals or substances other than Petroleum within the accounting records;Contract Area; provided, however, that if after the Effective Date, others are issued rights, or the Government proceeds directly to prospect or mine in the Contract Area any minerals or substances other than Petroleum, the Contractor shall use its best efforts to avoid obstruction or to interference with such operation within the Contract Area and the third parties and/or the Government, as the case may be, shall use best efforts to ensure that operations carried out do not obstruct or unduly interfere with Petroleum Operations in the Contract Area. (e3.2 The Contractor shall, having due regard to modern global oilfield/gasfield and petroleum industry practices and laws, statutes and regulations:- a) Take except as otherwise expressly provided in this Agreement, conduct all appropriate measures in emergency situations Petroleum Operations at its sole risk, cost and upon any unforeseeable circumstances beyond expense and provide all funds necessary for the control conduct of the parties, Petroleum Operations including, but not limited to, funds for the performance purchase or lease of all necessary activities to clean and decontaminate surface and groundwaterequipment, materials or supplies required for Petroleum Operations as well as any other landfor making payments to employees, agents and Sub Contractor(s); b) conduct all Petroleum Operations within or related to the Agreement Area diligently, expeditiously, efficiently and in an environmentally friendly, safe and workmanlike manner pursuant to the Work Programme formulated in accordance with this Agreement; c) ensure provision of all information, data and samples which may be required to be furnished under the relevant laws or under this Agreement; d) adhere to the procedure for the procurement of goods and services set out in Article 39. e) appoint a technically competent and experienced representative, and, in his/her absence, a suitably qualified replacement who shall be resident in Sri Lanka and who shall have full authority to take such steps as may be necessary to implement this Agreement and whose name shall, on appointment within ninety (90) days after commencement of the event of leak and/or contaminationfirst Agreement Year, be made known to the Government; (▇f) ▇▇▇▇ inform the Minister or any other relevant Government entity with applicable authority of the existence of mineralprovide acceptable working conditions, hydrological living accommodation and other resources discovered as a result of the access to medical attention and nursing care for all personnel employed in Petroleum Operations; (g) Allow carry out such other obligations as are specified in this Agreement or any other applicable legislation of Sri Lanka; and h) the Minister Contractor shall consider the rights and other relevant Government entities with applicable authority to control compliance with interests of Sri Lanka in the conduct of Petroleum Operations. i) ensure that all equipment, material, supplies, plants and installations used by the Contractor’s obligations , the Operator and facilitate activities of inspectors appointed to supervise Petroleum Operations; (h) Provide all the information, environmental impact assessments and specific technical studies required for the purposes of obtaining applicable environmental licenses; (i) Make sure Subcontractors comply with the same safety generally accepted standards and environmental obligations the Contractor is subject toare of proper construction and kept in safe and good working order; (j) Indemnify and hold the State harmless, as the case may be, from ensure that all claims, losses and damages of any nature whatsoever that are caused Subcontractors have valid license issued by the Contractor’s and Subcontractors’ operations. Expenses incurred by Government under section 16 of the Contractor on this account shall not be considered Cost Oil; andAct. (k) Make all in the payments preparation and entitlements due to implementation of Work Programme and in the State conduct of Petroleum Operations, follow modern oilfield/gasfield and petroleum industry practices with such degree of diligence and prudence reasonably and ordinarily exercised by experienced parties engaged in a timely mannersimilar activity under similar circumstances and conditions. 3.2. The Contractor shall have the sole and exclusive right to conduct Petroleum Operations within the Contract Area and the free disposal of its share of the Petroleum produced.

RIGHTS AND OBLIGATIONS OF THE CONTRACTOR. ‌ 3.1. The Contractor binds itself to exercise the rights and perform the obligations contained in this Agreement in an efficient, diligent, and expert manner. In addition to the rights conferred, and obligations undertaken, pursuant to other provisions of this Agreement, the Contractor must: (a) Carry out Petroleum Operations in accordance with Best International Industry Standards and Practices regarding operations, health and safety, security, conservation of resources and environment protection by employing modern, efficient machinery and applying suitable technology and methods in order to carry out the operations so as to maximize efficient recovery of oil and gas resources; (b) Maintain buildings, ▇▇▇▇▇, facilities, machinery, equipment, and any other property necessary to perform the operations hereunder in good operating conditions; (c) Take all steps necessary that these operations are carried out with as low as reasonably practicable impact on the environment. The Contractor must take reasonable practical steps to ensure that its activities have the lowest commercially and technically possible Greenhouse Gas (GHG) operational emissions; (d) Allow the Minister or the Minister’s designee, according to the Accounting Procedure, and any other competent entity, in accordance with the applicable law, to audit the accounting records; (e) Take all appropriate measures in emergency situations and upon any unforeseeable circumstances beyond the control of the parties, including, but not limited to, the performance of all necessary activities to clean and decontaminate surface and groundwater, as well as any other land, in the event of leak and/or contamination; (▇) ▇▇▇▇ inform the Minister or any other relevant Government entity with applicable authority of the existence of mineral, hydrological and other resources discovered as a result of the Petroleum Operations; (g) Allow the Minister and other relevant Government entities with applicable authority to control compliance with the Contractor’s obligations and facilitate activities of inspectors appointed to supervise Petroleum Operations; (h) Provide all the information, environmental impact assessments and specific technical studies required for the purposes of obtaining applicable environmental licenses; (i) Make sure Subcontractors comply with the same safety and environmental obligations the Contractor is subject to; (j) Indemnify and hold the State harmless, as the case may be, from all claims, losses and damages of any nature whatsoever that are caused by the Contractor’s and Subcontractors’ operations. Expenses incurred by the Contractor on this account shall not be considered Cost Oil; and (k) Make all the payments and entitlements due to the State in a timely manner. 3.2. The Contractor shall have the sole and exclusive right to conduct Petroleum Operations within the Contract Area and the free disposal of its share of the Petroleum produced.