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'His Excellency SHEIKH HAMAD BIN SHEIKH ISSA AL KHALIFAH SHEIKH of BAHREIN AND THE BAHREIN PETROLEUM COMPANY LIMITED. LEASE [COPY]' [‎4v] (8/20)

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'His Excellency SHEIKH HAMAD BIN SHEIKH ISSA AL KHALIFAH SHEIKH of BAHREIN AND THE BAHREIN PETROLEUM COMPANY LIMITED. LEASE [COPY]'
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Ref: IOR/L/PS/18/B452

The record is made up of 1 file (10 folios). It was created in 29 Dec 1934. It was written in English. The original is part of the British Library: India Office The department of the British Government to which the Government of India reported between 1858 and 1947. The successor to the Court of Directors. Records and Private Papers Documents collected in a private capacity. .

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6
Article VII.
THE Company agree to pay to the
Sheikh the following royalties, namely: —
(a) Rs. 3.8.0 per ton of net crude oil
got and saved (i.e. after deducting
water and foreign substances and
oil required for the customary
operations of the Company’s
installations in the Sheikh’s
territories).
*
(b) Rs. 3.8.0 per ton of casing-head
petroleum spirit extracted by the
Company from natural gas where
the average recovery from the gas
treated from the various wells
over the relative period of
accounting is under two imperial
gallons per One thousand cubic
feet of natural gas at a pressure of
one atmosphere and at a temper
ature of sixty degrees Fahrenheit
and Rs. 7.0.0. per ton of the
casing-head petroleum spirit so
recovered where such average
recovery is two imperial gallons <
or more. No royalty shall be
payable on the casing-head
petroleum spirit required for the
customary operations of the
Company’s installations in the
Sheikh’s territories. It is under
stood that the Company shall be
under no obligation to extract
casing-head petroleum spirit
from natural gas.
The foregoing royalties reserved by
Clauses (a) and (b) are subject to revision
at the end of fifteen years’ payment and in
default of agreement either party shall
have the right to demand that the question '
at issue shall be submitted to arbitration
in the manner provided in this lease.
(c) A sum equal to one-sixth of the
field price received for the sale of
any natural gas recovered by the
Company, it being understood
that the Company shall be under
no obligation to produce, save,
sell, or otherwise dispose of any
natural gas nor shall the Com
pany be required to pay any

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Content

The file is a copy of a commercial lease between Shaikh Ḥamad bin ‘Īsá Āl Khalīfah, Sheikh of Bahrein, and the Bahrein Petroleum Company, in which the Sheikh grants to the company the exclusive right for fifty-five years to drill for, extract, treat, refine, and deal with petroleum products and natural gas within the portion of Bahrain Island delineated on the accompanying map.

Extent and format
1 file (10 folios)
Physical characteristics

Foliation: the foliation sequence commences at the front cover with 1 and terminates at the inside back cover with 10; these numbers are written in pencil, are circled, and are located at the top right corner of the recto The front of a sheet of paper or leaf, often abbreviated to 'r'. side of each folio. Pagination: the volume also contains an original printed pagination sequence.

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English in Latin script
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'His Excellency SHEIKH HAMAD BIN SHEIKH ISSA AL KHALIFAH SHEIKH of BAHREIN AND THE BAHREIN PETROLEUM COMPANY LIMITED. LEASE [COPY]' [‎4v] (8/20), British Library: India Office Records and Private Papers, IOR/L/PS/18/B452, in Qatar Digital Library <https://www.qdl.qa/archive/81055/vdc_100030957787.0x000009> [accessed 19 April 2024]

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Reference
IOR/L/PS/18/B452
Title
'His Excellency SHEIKH HAMAD BIN SHEIKH ISSA AL KHALIFAH SHEIKH of BAHREIN AND THE BAHREIN PETROLEUM COMPANY LIMITED. LEASE [COPY]'
Pages
1r:10v
Author
Unknown
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