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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 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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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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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 2010, TOTAL acquired a 45.9% interest in Block 1 in the Joint Development Zone governed by Nigeria and Sa˜ o Tomé and Príncipe and was awarded operatorship in this block.• TOTAL holds a 15% interest in the Nigeria LNG gas liquefaction plant, located on Bonny Island, with an overall capacity of 22 Mt/y of LNG.

  • From 1995 until 2003, Mr. Mollah was the Australian Executive Director of the Timor Gap Joint Authority, which covered the administration of petroleum exploration and production activities in the Timor Sea Joint Development Zone between Australia and Indonesia/East Timor.

  • Bill Smith reported that the District was awarded a state grant for the installation of storm shutters at Antioch Elementary School.

  • Under the terms of the agreement, the two established the Joint Development Zone to govern commercial activities within the disputed boundaries.

  • This law shall regulate the payments, management, use and oversight of oil revenues resulting from oil operations in the entire national territory, including its terrestrial and maritime areas, including the Exclusive Economic Zone and the Joint Development Zone created by the Treaty.

  • In February 2005, Nigeria announced the award of five oil blocks in the Joint Development Zone (JDZ), shared by Nigeria and neighboring Sao Tome and Principe (STP).

  • There is some uncertainty surrounding oil production following the recent decision by the French oil company Total to withdraw from Block 1 of the Joint Development Zone with Nigeria (IMF, 2013).

  • Tables 3.5 and 3.6 summarize indicative fiscal terms of the Joint Development Zone (JDZ) Petroleum service contract (PSCs) introduced in 2003.

  • The royalties on gross revenue before pre-tax net cash flow makes it possible for the host governments to collect revenue without such impacting on the pre and post IRR Figure 4: Neutrality Index Overall, Ghana and the Joint Development Zone (JDZ) score relatively higher for neutrality index and score in both component.


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 Mhlontlo 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;

  • local spatial development framework means a local spatial development framework contemplated in section 9;

  • Clinical Development means the conduct of clinical trials in humans to assess the dosing, safety and/or efficacy of the Product, including but not limited to Phase I Clinical Trials, Phase II Clinical Trials, Phase Ill Clinical Trials and Phase IV Clinical Trials.

  • 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 subdivision with lots clustered in a group of five or more lots that is

  • 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 any person who engages in the development of projects in the

  • 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 begins to be carried out other than (for the purposes of this Deed and for no other purpose) operations consisting of site clearance, demolition work, archaeological investigations, investigations for the purpose of assessing ground conditions, remedial work in respect of any contamination or other adverse ground conditions, diversion and laying of services, erection of any temporary means of enclosure, the 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.

Most Referenced Clauses

Most Referenced Definitions