【文章內(nèi)容簡介】 reunder not later than six (6) months after the Effective Date. The amount to be spent and the program to be carried out by CONTRACTOR in conducting exploration operations pursuant to the terms of this Contract during the first six (6) Contract Years and in conducting Petroleum Operations pursuant to the terms of this Contract during the second four (4) Contract Years following the Effective Date shall in the aggregate be not less than hereafter specified for each of these ten (10) Contract Years as follows: Contract Year Program Amount First Seismic Reprocessing Field Work ???. Five Hundred Thousand United States Dollars (US$ 500,000) Second Acquisition 100 Km lnfill over Lead A and 200 Km Regional Seismic??????? One Million and Two Hundred Thousand United States Dollars (US$ 1,200,000) Third Drill One Well ??????????? Two Million and Five Hundred Thousand United States Dollars (US$ 2,500,000) Fourth Geological Geophysical Work ??? Five Hundred Thousand United States Dollars (US$ 500,000) Fifth Seismic Survey and Geological Geophysical Work ????? Two Million United States Dollars (US$ 2,000,000) Sixth Drill One Well ????????? Three Million United States Dollars (US$ 3,000,000) Seventh Geological Geophysical Work ?? Five Hundred Thousand United States Dollars (US$ 500,000) Eighth Seismic Survey and Geological Geophysical Work ?????? Three Million United States Dollars (US$ 3,000,000) Ninth Drill Two Wells Four Million United States Dollars (US$ 4,000,000) Tenth Geological Geophysical Work ?? Five Hundred Thousand United States Dollars (US$ 500,000) ————————————————————————————— TOTAL US$ 17,700,000 (Seventeen Million and Seven Hundred Thousand United States Dollars) CONTRACTOR shall carry out Petroleum Operations during the first three (3) Contract Years, during which period CONTRACTOR shall spend at least Four Million and Two Hundred Thousand United States Dollars (US＄ 4,200,000), called the firm mitment. If during any Contract Year CONTRACTOR should spend less than the amount of money required to be so expended, an amount equal to such under expenditure may, with PERTAMINA39。s consent, be carried forward and added to the amount to be expended in the following Contract Year without prejudice to CONTRACTOR39。s rights hereunder. If during any Contract Year CONTRACTOR should expend more than the amount of money required to be so expended, the excess may be subtracted from the amount of money to be so expended by CONTRACTOR during the succeeding Contract Years. At least three (3) months prior to the beginning of each Calendar Year or at such other time as otherwise mutually agreed by the Parties, CONTRACTOR shall prepare and submit for approval to PERTAMlNA a Work program and Budget of Operating Costs for the Contract Area setting forth the Petroleum Operations which CONTRACTOR proposes to carry out during the ensuing Calendar Year. Should PERTAMINA wish to propose a revision as to certain specific features of said Work Program and Budget of Operating Costs, it shall within thirty (30) days after receipt thereof so notify CONTRACTOR specifying in reasonable detail its reason therefor. Promptly thereafter, the Parties will meet and endeavor to agree on the revisions proposed by PERTAMINA. In any event, any portion of the Work Program as to which PERTAMINA has not proposed a revision shall insofar as possible be carried out as prescribed herein. It is recognized by the Parties that the details of a Work Program may require changes in the light of existing circumstances and nothing herein contained shall limit the right of CONTRACTOR to make such changes, provided they do not change the general objective of the Work Program, nor increase the expenditures in the approved Budget of Operating Costs. It is further recognized that in the event of emergencies or extraordinary circumstances requiring immediate actions, either Party may take all actions it deems proper or advisable to protect their interests and those of their respective employees and any costs so incurred shall be included in the Operating Costs. PERTAMINA agrees that the approval of a proposed Work Program and Budget of Operating Costs will not be unreasonably withheld. SECTIONV RIGHTS AND OBLIGATIONS OF THE PARTIES Subject to the provisions of paragraphs and of subsection . CONTRACTOR shall: advance all necessary funds and purchase or lease all materials, equipment and supplies required to be purchased or leased with Foreign Exchange pursuant to the Work Program。 furnish all technical aid, including foreign personnel, required for the performance of the Work Program, payment whereof requires Foreign Exchange。 furnish such other funds for the performance of the Work Program that requires payment in Foreign Exchange, including payment to foreign third parties who perform services as a contractor。 be responsible for the preparation and executi