Technical Service Contract between Natural Gas Development Company of Qinghai Oilfield and Beijing BHD Petroleum Technology Co., Ltd.
Beijing BHD Petroleum Technology Co., Ltd. entered into an agreement with Natural Gas Development Company of Qinghai Oilfield to provide services related to Multipurpose Fissure Shaper Technology. The project under this contract has been completed, and full payment for the services is expected by November 30, 2008. The agreement outlines the service provision and payment terms between the two companies.
Exhibit 10.38
Summary of Translation of the
Technical Service Contract, by and between Natural Gas Development Company of
Qinghai Oilfield and Beijing BHD Technology Co., Ltd.
On October 15, 2007, Beijing BHD Petroleum Technology Co., Ltd. executed an agreement with Natural Gas Development Company of Qinghai Oilfield to provide service on a Multipurpose Fissure Shaper Technology. The project has been completed under the agreement and full payment is expected by November 30, 2008.
