'File 5/1 II Kuwait Oil Company' [‎33r] (70/552)

Principal points agreed upon between His Majesty's Govern
ment and the Anylo-Persian Oil Company in regard to the
proposed agreements in respect 6 f exploration for and
exploitation of*oil in Kuwait and Bahrain territory by
the D’Arcy Exploration Company.
—
I• Exploration licence .
(i) Area: Bahrain - all Bahrain territory
Kuwait - all Kuwait territory included within
the boundary shown by a red line on
the map attached to the dra*ft Angjo-
Turkish Convention 1910 •
(4)i )Period:Bahrain - 2 years
Kuwait - 2 years, extensible for a further
period of 2 years if the Sheikh act
ing on the advice of the Political
Resident is satisfied that the further
period is required.
(iii)Liccnce Pee: V*. 1000 in respect of either licence and
if the extension provided for in
respect of Kuwait.
II* Prosnectinr licence.
(i)Area: Bahrain - all Bahrain territory.
Kuwait - if possible not more than 400,000 acres
in the aggregate, divided into not more
than 5 blocks: but decision as to the
area to the left open pending the re-
. suit of the Company *s investigations
under the 4 years exploration licences* i
(ii) period:Bahrain) 2 yoahs each.
Kuwait )
(iii) Licence Pee: p!l0,000 in each case.
(iv) The Company to be permitted to take not more than 100
tons of oil free of royalty during the period of the
prospecting licence, in both Bahrain and Kuwait, for
experimental and testing purposes.
Ill* Exploitation lease. .
(Note. Though presumably no lease Yfouid be signed till
the results achieved under the exploration and
prospecting licences show it to he reouired,the
Sheikhs are to he induced if nossihle to accent
simultaneously with the grant the exploration |
licences,