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;
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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.
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Examples of Joint Development Zone in a sentence

  • Sao Tome 38% of 1 Block in the Joint Development Zone Namibia Through the 100% acquisition of Yorkshire Trading Ltd, C2E acquired a 40% share holding in six on-shore Namibian oil blocks.

  • We continue to develop our relationships with our consortium partners in the Joint Development Zone (JDZ) Blocks, Addax Petroleum and Sinopec Corp., and we remain positive about the progress being made.

  • Announces Significant Progress toward Drilling in Joint Development Zone Exploratory Drilling Expected to Begin During the Fourth Quarter in JDZ Block 4 HOUSTON, March 11, 2009 – ERHC Energy Inc.

  • In November, ERHC representatives participated in more meetings on the Joint Development Zone (JDZ) Blocks.

  • We anticipate that the depth of skills and competences that Mr. Ledbetter offers will be especially valuable for ERHC Energy as operations are initiated in the Joint Development Zone (JDZ).We also are looking beyond the JDZ.

  • ERHC intends to approach the EEZ Blocks in a similar fashion to Blocks 2, 3 and 4 of the Joint Development Zone.

  • ERHC's initial goal is to maximize value arising from existing contractual rights in the Joint Development Zone (JDZ) of the Federal Republic of Nigeria and the Democratic Republic of Sao Tome & Principe (DRSTP), and the Exclusive Economic Zone (EEZ) of DRSTP.

  • Chrome's initial goal is to maximize value arising from existing contractual rights in the Joint Development Zone (JDZ) of the Federal Republic of Nigeria and the Democratic Republic of Sao Tome & Principe (DRSTP), and the Exclusive Economic Zone (EEZ) of DRSTP.

  • According to plans announced by Addax, exploration drilling could begin as early as mid-2008 in Blocks 2 and 4 of the Joint Development Zone (“JDZ”) in which ERHC Energy maintains a participating interest.

  • The improvement in net income was the result primarily of a $30.1 million net gain from sale of participating interests in Blocks 2, 3 and 4 of the Joint Development Zone (JDZ) and a conversion of $5.7 million in debt to common stock and income tax expenses.


More Definitions of Joint Development Zone

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

  • Joint Development Agreement has the meaning provided in Section 5.3.

  • Commercial Development Plan means the written commercialization plan attached as Appendix E.

  • Initial Development Plan has the meaning set forth in Section 3.2(b).

  • Joint Development Committee or “JDC” has the meaning set forth in Section 3.10.

  • site development plan means a dimensioned plan drawn to scale that indicates details of the proposed land development, including the site layout, positioning of buildings and structures, property access, building designs and landscaping;

  • spatial development framework means the Kouga Municipal Spatial Development Framework prepared and adopted in terms of sections 20 and 21 of the Act and Chapter 2 of this By-Law;

  • Infill development means new construction on a vacant commercial lot currently held as open space.

  • Commercial Development means any development on private land that is not heavy industrial or residential. The category includes, but is not limited to: hospitals, laboratories and other medical facilities, educational institutions, recreational facilities, plant nurseries, car wash facilities, mini-malls and other business complexes, shopping malls, hotels, office buildings, public warehouses and other light industrial complexes.

  • municipal spatial development framework means a municipal spatial development framework adopted by the Municipality in terms of Chapter 5 of the Municipal Systems Act;

  • Development Phase means the period before a vehicle type is type approved.

  • Planned development means a real property development other than a community apartment project, a condominium project, or a stock cooperative, having either or both of the following features:

  • Research and development facility means an establishment engaged in laboratory, scientific, or experimental testing and development related to new products, new uses for existing products, or improving existing products. The term does not include an establishment engaged in efficiency surveys, management studies, consumer surveys, economic surveys, advertising, promotion, banking, or research in connection with literary, historical, or similar projects.

  • Development Team means the entities and professionals assembled to develop and manage the Project, typically including the Applicant, Owner, Developer(s), Co-Developer(s) and general partner or any other related entities in which the Developer or Co-Developer has an identity of interest or a Controlling Interest.

  • Economic development project means land and existing or planned improvements suitable for use by an industrial or commercial enterprise, or housing development, or the protection of the environment, including, but not limited to, groundwater or surface water. Economic development project includes necessary buildings, improvements, or structures suitable for and intended for or incidental to use as an industrial or commercial enterprise or housing development; and includes industrial park or industrial site improvements and port improvements or housing development incidental to an industrial or commercial enterprise; and includes the machinery, furnishings, and equipment necessary, suitable, intended for, or incidental to a commercial, industrial, or residential use in connection with the buildings or structures.

  • Cluster development means a contiguous cluster or

  • Research and development means (1) theoretical analysis, exploration, or experimentation; or (2) the extension of investigative findings and theories of a scientific or technical nature into practical application for experimental and demonstration purposes, including the experimental production and testing of models, devices, equipment, materials, and processes. Research and development does not include the internal or external administration of radiation or radioactive material to human beings.

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

  • experimental development means acquiring, combining, shaping and using existing scientific, technological, business and other relevant knowledge and skills with the aim of developing new or improved products, processes or services. This may also include, for example, activities aiming at the conceptual definition, planning and documentation of new products, processes or services;

  • Major development means an individual “development,” as well as multiple developments that individually or collectively result in:

  • Planned unit development means a subdivision characterized by a unified site design, clustered residential units and/or commercial units, and areas of common open space.

  • Project Developer means Bidding Company or a Bidding Consortium submitting the Bid. Any reference to the Bidder includes Bidding Company / Bidding Consortium/ Consortium, Member of a Bidding Consortium including its successors, executors and permitted assigns and Lead Member of the Bidding Consortium jointly and severally, as the context may require”;

  • Development Program means the implementation of the development plan.

  • Commencement of Development means the date on which any material operation (as defined in Section 56(4) of the Act) forming part of the Development is begun other than (for the purposes of this Deed and for no other purpose) operations consisting of site clearance, demolition work, archaeological investigations for the purpose of assessing ground conditions, remedial work in respect of any contamination or other adverse ground conditions, diversion and laying out of services, erection of any temporary display of site notices or advertisements and “Commence Development” shall be construed accordingly

  • Global Development Plan has the meaning set forth in Section 3.1.

  • Development Plans has the meaning set forth in Section 3.2.

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