Joint Petroleum Development Area definition
Examples of Joint Petroleum Development Area in a sentence
The Treaty is applicable to the Sunrise and Troubadour petroleum deposits (collectively known as Greater Sunrise), which extend across the eastern boundary of the Joint Petroleum Development Area (JPDA) created under the Timor Sea Treaty.
The terms for the Joint Petroleum Development Area (JPDA) established under the previous Timor Sea Treaty were simi- lar.
If the Contract relates to, or Services are to be performed in, the Joint Petroleum Development Area (JPDA), this Article 24 shall apply to the Contract.
The Timor Sea Treaty provided for the continued exploration and exploitation of the resources of the Joint Petroleum Development Area (JPDA).
It came into effect in 2003 and established the Joint Petroleum Development Area (JPDA).
The operating segments identified by management are based on the geographical location of the business which are as follows: India, Australia, Joint Petroleum Development Area and Indonesia.
This Annex sets out the principles to be applied in determining the value of petroleum in non- arm’s length transactions under Article 16, for the purposes of cost recovery and production sharing of that part of Unit Petroleum apportioned to the Joint Petroleum Development Area in accordance with the Apportionment Ratio.
This company was formed as a Special Purpose Vehicle (SPV) as required under the terms on which the Block JPDA 06-103-East Timor in Joint Petroleum Development Area (JPDA) between East Timor and Australia, was awarded to the consortium led by Oilex Ltd in which BRPL was a partner, to carry out exploration activities relating to the said block.
This set up a provisional arrangement to exploit the resources in the Joint Petroleum Development Area (JPDA), pending the final determination of maritime boundaries consistent with international law.
Gas and oil in the Australia/East Timor Joint Petroleum Development Area was valued at $22 billion.