EX-4.1 4 h02098exv4w1.txt EX-4.1 FORM OF 2008 MANAGEMENT PERFORMANCE CONTRACT . . . EXHIBIT 4.1 YEAR 2008 PERFORMANCE CONTRACT WITH MANAGEMENT OF PETROCHINA COMPANY LIMITED Offeree: Name: ZHOU, Jiping Offeror: Name: JIANG, Jiemin Term of the Contract: January 1, 2008 to December 31, 2008 Title: President of PetroChina Company Title: Chairman of the Board of Limited ("PetroChina") Directors of PetroChina Date of Execution: __________, 2008
KEY PERFORMANCE INDICES INDICES (KPI) WEIGHT (%) MEASUREMENT TARGET ACTUAL PERFORMANCE ------- ---------------------------- ---------- ------------------ --------------------- ----------------------- Profits Indices Rate of return of the 35 % 14.5 invested capital of PetroChina (ROIC) Net income of PetroChina 20 In 100 million RMB 1152.5 (NI) Free cash flow of 15 PetroChina (FCF) In 100 million RMB -37.9 Operating Indices Rate of crude oil reserves 10 % 100 replacement Domestic unit oil and gas 5 US$/barrel 7.91 lifting cost Cash processing cost for oil 5 RMB/ton 94.5
Cash marketing cost for oil 5 RMB/ton 213.7 (for wholesale) 163.5 (for retail) Gap between the actual 5 % +/- 5 capital expenditure and budget Indices to be Put Safety and environmental industrial production accidents involving employee Comprehensive under Control protection death < or = 0.04 /oo; performance expressed in marks to be extraordinarily serious safe production increased by 5 marks if accidents = 0; and achieving the target for the relevant index extraordinarily serious environmental accidents. put under control, and to be reduced by 5 marks if failing to achieve the target for the relevant index put under control.