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;
Sample 1Sample 2Sample 3
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;
Sample 1

Examples of Gum Deniz Oil Field in a sentence

  • 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.

  • North Gum Deniz Oil Field Outline Caspian Sea South Gum DenizLegendActive Producing Wells (1)WO Recompletions (2)Development Wells (2)Existing Wells• Discovered in 1950’s.

  • During the quarter, a total of 6 workovers and 10 service workovers were conducted in Gum Deniz Oil Field.

  • 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 below table presents ERCE’s estimates of risked crude oil, natural gas and natural gas liquids Prospective Resources for the Miocene prospect in the Gum Deniz Oil 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.

  • The prospective horizon is located beneath the oil producing reservoirs of the Gum Deniz Oil Field and this horizon has not yet been penetrated by a well in the Bahar purchase and sale agreement.

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 [***].

  • 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:

  • 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 all fields of use.

  • 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, and Non-Patent Rights Controlled by Licensor or its Affiliates embodied in Licensor Know-How or Licensor Materials.

  • 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.

  • Licensed Technology means the Licensed Patents and the Licensed Know-How.

  • Collaboration Patents means any and all Patents that claim or cover any of the Collaboration Know-How.