Gum Deniz Oil Field definition

Gum Deniz Oil Field means the oil field located in the offshore Caspian Sea area of Azerbaijan that is the subject of the ERDPSA, and contains approximately 484 offshore wells;
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Gum Deniz Oil Field means the oil field located in the offshore Caspian Sea area of Azerbaijan that is the subject of the ERDPSA, and which consists of an area of approximately 51,900 acres and contains approximately 484 offshore oil wells;
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Examples of Gum Deniz Oil Field in a sentence

  • The funds available under the New Tranche are intended to be used by the Company to finance the Company’s ongoing development operations in Azerbaijan as it relates to the Gum Deniz Oil Field and Bahar Gas Field.

  • The gas production from the Gum Deniz Oil Field is used as fuel gas by BEOC in ERDPSA operations or is otherwise added to the compression facilities where it is compressed for the high-pressure gas-lift system.

  • Per the Amending Agreement dated May 27, 2015, the Company secured additional funding of $2.0 million which was used in the Company’s ongoing development operations in Azerbaijan as it relates to the Gum Deniz Oil Field and Bahar Gas Field.

  • Development Plan for Gum Deniz Oil Field Bahar Energy's near term activity plan is broken into four phases of specific work.

  • Depending on the destination market, all sales gas then flows directly into compression and then passes into various commercial sales lines which feed other segments of the domestic gas market.All production from the Gum Deniz Oil Field is transported via a main collector line over the causeways to the mainland where oil, water and gas are separated through a multi-phase system.

  • The Compensation Committee also looks at critical individual performance objectives for the Chief Executive Officer and the other executive officers including protecting the Company’s interest in the Bahar Gas Field and the Gum Deniz Oil Field by successfully managing partners and government relations, securing funding in challenging financial markets and attaining and growing positive cash flow through cost containment and production increases.

  • The Company is the sole owner of BEL, a venture with an 80% participating interest in the ERDPSA with SOCAR and its affiliate SOA, in respect of the Bahar Project, which includes the Bahar Gas Field and the Gum Deniz Oil Field.

  • Description of the ERDPSA General The ERDPSA governs the Corporation’s oil and gas exploration, development and production activities in the Bahar Gas Field and the Gum Deniz Oil Field.

  • On average, 8 pay zones are found trapped in each of the productive fault blocks located inside the Gum Deniz Oil Field.

  • The production sharing agreement model used to calculate reserves is not applied to the Bahar Gas Field and Gum Deniz Oil Field separately, but rather uses combined total gross production from both fields to calculate net production.

Related to Gum Deniz Oil Field

  • Light field means that area of the intersection of the light beam from the beam-limiting device and one of the set of planes parallel to and including the plane of the image receptor, whose perimeter is the locus of points at which the illumination is one-fourth of the maximum in the intersection.

  • Development Site means any parcel or lot on which exists or which is intended for building development other than the following:

  • X-ray field means that area of the intersection of the useful beam and any one of the set of planes parallel to and including the plane of the image receptor, whose perimeter is the locus of points at which the exposure rate is one-fourth of the maximum in the intersection.

  • Licensed Field means all fields of use.

  • Field of Use means all fields of use.

  • Licensed Field of Use means all fields.

  • Licensed Fields of Use means the fields of use identified in Appendix B.

  • Qualified high-technology business means a business that is either of the following:

  • Discovery Area means that part of the Contract Area about which, based upon Discovery and the results obtained from a Well or Xxxxx drilled in such part, the Contractor is of the opinion that Petroleum exists and is likely to be produced in commercial quantities.

  • High-technology activity means that term as defined in section 3 of the Michigan economic growth authority act, 1995 PA 24, MCL 207.803.

  • Collaboration Know-How means all Know-How conceived, discovered, developed or otherwise made by or on behalf of a particular Party or any of its Affiliates or permitted subcontractors of any of the foregoing (solely or jointly by or on behalf of a particular Party or any of its Affiliates or permitted subcontractors of any of the foregoing) in the course of [***].

  • Development Area means that area to which a development plan is applicable.

  • Field means [***].

  • Collaboration Compound means any of the following: (a) FG-4592, (b) any HIF Compound (other than FG-4592) that is added to this Agreement pursuant to Section 3.6, and (c) any salts, esters, complexes, chelates, crystalline and amorphous morphic forms, pegylated forms, enantiomers (excluding regioisomers), prodrugs, solvates, metabolites and catabolites of any of the foregoing ((a) or (b)).

  • Assistive technology device means any item, piece of equipment, or product system that is used to increase, maintain, or improve the functional capacities of a child with a disability.

  • Research Use shall have the meaning given in Section 2.2.2 of this Agreement.

  • Clean coal technology means any technology, including technologies applied at the precombustion, combustion, or post combustion stage, at a new or existing facility which will achieve significant reductions in air emissions of sulfur dioxide or oxides of nitrogen associated with the utilization of coal in the generation of electricity, or process steam which was not in widespread use as of November 15, 1990.

  • Assistive technology means the devices, aids, controls, supplies, or appliances described in OAR 411-300-0150 that are purchased to provide support for a child and replace the need for direct interventions to enable self-direction of care and maximize independence of the child.

  • Licensor Technology means the Licensor Patents, the Licensor Know-How, Licensor Materials, Product IP, and Licensor’s rights in the Program IP and Joint Patents.

  • Fields of Use means UltraTemp, Ceris or Ceros technology for the transportation or appliance gas ignition markets.

  • Program Technology means Program Know-How and Program Patents.

  • Developed Technology means any Technology including, without limitation, any enhancements, substitutions or improvements to the Core Technology that is (a) discovered, developed or otherwise acquired by DURA pursuant to the terms of the Development Agreement or (b) otherwise acquired by or on behalf of Xxxxxx Corp. II during the term of the Development Agreement.

  • Development Application means the development application identified in Item 5 of Schedule 1 and includes all plans, reports models, photomontages, material boards (as amended supplemented) submitted to the consent authority before the determination of that Development Application.

  • Project IPR means all Intellectual Property Rights that arise or are obtained or developed by either party, or by a contractor on behalf of either party, in respect of the Deliverables in the course of or in connection with the Project;

  • Massive Multiauthor Collaboration Site (or “MMC Site”) means any World Wide Web server that publishes copyrightable works and also provides prominent facilities for anybody to edit those works. A public wiki that anybody can edit is an example of such a server. A “Massive Multiauthor Collaboration” (or “MMC”) contained in the site means any set of copyrightable works thus published on the MMC site.

  • Collaboration IP means Collaboration Know-How and Collaboration Patents.