Coll 20/18 'Muscat: Oil: Muscat Commercial Concession' [‎88r] (175/855)

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Desire of Petroleum Concessions Ltd»» to extend their exploration^S^**^
concessions with the Sultan of Muscat'and the Sheikh cf Ajinan . £//4*s
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Please see the Political Resident A senior ranking political representative (equivalent to a Consul General) from the diplomatic corps of the Government of India or one of its subordinate provincial governments, in charge of a Political Residency. 's telegram 2493 below.
The concessions referred to may be very briefly summarised hs
follows:- ' • • ’ •
* * •
(P.C.L. have tv;o separate agreements with the'Sultan of r> Muscat ♦ one
covering his territories, excluding Dhofar,and'Gwfidur, and the other
comprising Dhofar and Owaduar alone).
Muscat & Oman (excluding Dhofar and Qv/adur).
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Concession dated 24th June 193?•
The concession to run for 75 v y©ars commencing with a 5 year option
period during which Company may terminate the agreement or take up
the concession finally.’
Payments - (1) during option period Rs.50C0 per month plus initial
payment of Rs.100,000.
(2) When concession is taken over finally -
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(a) Rs. 100,000 on signature;
(b) for first five years Rs .84,000 per annum or royalty of
Rs. 3 per ton, whichever is the greater; ? , JfcA
(c) for 6th and subsequent years Rs»96,OOC per annum;^^ ' *
(d) additional payment of 4 annas per ton of substances won.
If, on expiry of the option period the Company require an extension,
the Sultah will grant an extension for 2 years on same terms subject to
initial payment of Rs.lO,OOC.
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If, through force majeure, fulfilment by the Company of any
conditions be'delayed, the period of delay will be added to the periods
fixed by the agreement. ‘ *
Dhofar . <
Agreement dated 24th June 1937*
Terms are similar to the Muscat and ‘Dnan agreement with the following
’ exceptions
Initial payment will be Rs.30,0CC.
During the option period payment of Rs.3,000 per month.
On taking up the concession payment of Rs.3O,O0C on signature.
For 1st five years Rs.43,000 or Rs«3 royalty.
For 6th and subsequent years Rs.60,000 or Rs.3 royalty.
There is provision regarding accepteineo of option period.
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Ajman.
(This is simply an exploration agreement).
Dated 23rd March, 1939*
To rim for 5 years. Company to have right to prolongation for one year.
Grants exclusive right to explore for minerals within Sheikh's territory,
/Payment.