PETROLEUM CONTRACT FOR ZHANG DONG BLOCK SHALLOW WATER AREA, BOHAI BAY THE PEOPLE'S REPUBLIC OF CHINA

                     PETROLEUM CONTRACT
                             FOR
                      ▇▇▇▇▇ ▇▇▇▇ BLOCK
                SHALLOW WATER AREA, BOHAI BAY
               THE PEOPLE'S REPUBLIC OF CHINA









                       BEIJING, CHINA
                        AUGUST, 1998