Bahar Gas Field definition

Bahar Gas Field means the gas field located in the offshore Caspian Sea area of Azerbaijan that is the subject of the ERDPSA and contains approximately 204 offshore wells;
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Bahar Gas Field means the gas field located in the offshore Caspian Sea area of Azerbaijan that is the subject of the ERDPSA.
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Bahar Gas Field means the gas 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 24,600 acres and contains approximately 204 offshore gas wells;
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Examples of Bahar Gas Field in a sentence

  • Gas Sales BEOC, as agent on behalf of the parties to the JLA, and SOCAR, as buyer, entered into the Bahar Gas Sales Agreement relating to the sale of natural gas from the Bahar Gas Field.

  • The Company owns 33.33% interest in Bahar Energy Limited (“Bahar Energy”), a joint venture that on December 22, 2009 entered into an Exploration, Rehabilitation, Development and Production Sharing Agreement (the "ERDPSA") with the State Oil Company of Azerbaijan ("SOCAR") and its affiliate SOCAR Oil Affiliate ("SOA") in respect of the offshore block known as the Bahar Project (“Bahar Project”), which project consists of the Bahar Gas Field and the Gum Deniz Oil Field.

  • 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.

  • The GLJ Report estimates the reserves of Bahar Energy as of December 31, 2017 (which includes the wells, lands, reserves, facilities, equipment and other assets including the Bahar Gas Field and the Gum Deniz Oil Field) which it holds pursuant to the ERDPSA.

  • Workover activity for the Bahar Gas Field continues to be hampered by the limited access to suitable marine crane barge vessels necessary to mobilize rigs.

  • 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.

  • On April 27, 2010, the Azerbaijan Parliament, also referred to as Milli Mejlis, ratified the Exploration, Rehabilitation, Development and Production Sharing Agreement (the "ERDPSA") with the State Oil Company of Azerbaijan ("SOCAR") and its affiliate SOCAR Oil Affiliate ("SOA") in respect of the offshore block known as the Bahar Project, which project consists of the Bahar Gas Field and the Gum Deniz Oil Field.

  • On December 22, 2009, Bahar Energy Limited (“Bahar Energy”), a joint venture in which the Company owns a 33.33% interest, entered into an Exploration, Rehabilitation, Development and Production Sharing Agreement (the "ERDPSA") with the State Oil Company of Azerbaijan ("SOCAR") and its affiliate SOCAR Oil Affiliate ("SOA") in respect of the offshore block known as the Bahar Project, which project consists of the Bahar Gas Field and the Gum Deniz Oil Field.

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