Joint Development Zone definition

Joint Development Zone or “JDZ” means, subject to Article 5 and Article 31 (paragraph 5) of the Treaty, the area of seabed and subsoil, together with the superjacent waters, established as a joint development zone under Article 2 of the Treaty.

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Joint Development Zone or “JDZ” means the zone for joint development of petroleum and other resources established by treaty between Nigeria and the Democratic Republic of Sao Tome and Principe in the overlapping area of their respective maritime boundary claims;

Joint Development Zone means the area of seabed and subsoil, together with the subjacent waters, described and established as a joint development zone under the Treaty.

Examples of Joint Development Zone in a sentence

• The Distance Plus Joint Development Zone Formula: A Proposal for the Speedy and Practical Resolution of the East China and Yellow Seas Continental Shelf Oil Controversy.

• In this sense, these countries might sign an agreement (Joint Development Zone - JDZ) or cross border unitisations to secure the maximisation of the recovery of the natural resources.154 152 ▇▇▇▇▇ ▇▇▇▇, ´Joint Operating Agreements` in ▇▇▇▇▇▇ ▇.

• The contracting States can carry out the activities regarding the hydrocarbon and mineral resources in the Joint Development Zone (JDZ) through governmental institutions but may also transfer or subcontract their rights on the JDZ to a private company21.

• This Contract shall be governed by and construed in accordance with the applicable Laws in the Joint Development Zone.

• This part is in the Japan and South Korea Joint Development Zone.

• The governments of the region will collaborate to harmonize mining and oil and gas exploration and production policies relating to shared resources (such as exemplified by Nigeria-Sao Tome and Principe Joint Development Zone), cumulative environmental impacts and their mitigation including those relating to safe environmentally friendly and efficient decommissioning and abandonment program.

More Definitions of Joint Development Zone

Joint Development Zone. – shall mean the area defined for the purposes of the Treaty;

Joint Development Zone. – shall mean the area defined for the purposes of the Treaty; ww) “Exclusive Economic Zone” – shall mean the maritime area as defined by Law No. 1/98,

Joint Development Zone or “Zone” means, subject to Article 5 and paragraph 5 of Article 31 of the Treaty, the area of seabed and subsoil, together with the superjacent waters, established as a joint development zone under Article 2 of the Treaty;