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The parties had entered into Two Production Sharing Contracts dated nd December as amended by Amendment Agreement No and Amendment Agreement No hereinafter referred to as PSC or PSCs as
...and when appropriate These two PSCs provide for the exploration and production of petroleum from the Mid and South Tapti Fields hereinafter referred to as Tapti or Tapri Field and for the exploration and production of petroleum from Panna and Mukta Fields which shall be hereinafter referred to either as Panna Mukta or Panna Mukta fields The two PSCs shall be referred to Tapti PSC and Panna Mukta PSC respectively