Page 163 - The Persian Gulf Historical Summaries (1907-1953) Vol III

158

in lK.» p“Med"; KX «,£ram'nt''»

Signed, sealed and delivered by the said
John Charles Walton on behalf of His
Majesty’s Government in the presence * J. C. Walton. (L.S.)
of: —
H. S. Painter,
India Office.

The Common Seal of Petroleum Develop-'
ment (Trucial Coast) Limited was hereunto «• (Seal)
affixed in the presence of: —

J. Skliros, Director.
E. J. Brown, Secretary.

No. 3
ABU DHABI OFF-SHORE CONCESSION
Concession Agreement between the Ruler of Abu Dhabi and D’Arcy Exploration
Company, dated March 9, 1953
In the Name of God, the Compassionate, the Merciful.
This Agreement made and entered into on the twenty-third day of the month
of Jamad’i al Thani in the year One thousand three hundred and seventy-two of
the Hijrah, corresponding to the ninth day of March, One thousand nine hundred
and fifty-three of the Christian era, between His Excellency Shaikh Shakhbut bin
Sultan, Shaikh of Abu Dhabi (hereinafter called “ the Ruler,” and this expression
wherever the agreement requires shall include his successors and assigns) of the
First Part and Geoffrey Gilbert Stockwell on behalf of the D’Arcy Exploration
Company, Limited, of Britannic House, Finsbury Circus, in the City of London
(hereinafter called “ the Company,” which expression shall wherever the context
so requires include any Company to which this Agreement may be assigned
pursuant to Article 26 hereof) of the Second Part. Agreement has been reached
between the Ruler and the Company in the following manner.

Article 1
The expressions used hereinafter in this Agreement shall bear the following
meanings: —
(a) Ton means the English ton of 2,240 pounds.
ib) Discovery of Oil in commercial quantities: —
Discovery of oil in commercial quantities is defined as the time when a well
or wells are drilled, tested, and’found capable of producing no less than 2,000 tons
of crude petroleum of satisfactory quality per day, for thirty consecutive days,
according to good oilfield practice.
(c) Payment: Payment of any and all sums due under this Agreement from
the Company to the Ruler shall be made in Sterling.
(d) Calendar: The calendar followed in this Agreement is the Solar Calendar.
\e) Representative of the Ruler means the Head of H.E. The Ruler’s Repre­
sentation Office, the present Representative being a three-man committee composed
of Hazza bin Sultan, Khaled bin Sultan and Za’id bin Sultan.- . .
(f) Territorial Waters: shall for the purpose of this Agreement be calculated
basis of three nautical miles from the mean low water spring tide level.
on a
(g) Oil means and includes crude petroleum, natural gas, asphalt and ozokerite
and all their products and cognate substances.