Joint Petroleum Development Area definition

Joint Petroleum Development Area means the Joint Petroleum Development Area established in Article 3 of the Timor Sea Treaty;
Sample 1Sample 2Sample 3
Joint Petroleum Development Area. (“JPDA”) means the area referred to in Article 3 of the Timor Sea Treaty.
Sample 1Sample 2Sample 3
Joint Petroleum Development Area means the Joint Petroleum Development Area as established under section 3 of the Timor Sea Treaty.
Sample 1Sample 2Sample 3

Examples of Joint Petroleum Development Area in a sentence

  • If it is necessary to determine whether a resources installation is attached to the seabed in the Joint Petroleum Development Area, subsection (9) has effect as if a reference to the Australian seabed were a reference to the seabed in the Joint Petroleum Development Area.

  • Joint Petroleum Development Area has the same meaning as in the Petroleum (Timor Sea Treaty) Act 2003.

  • On 7 August 2020, the Company, in its capacity as Operator, on behalf of the Joint Venture Participants in Joint Petroleum Development Area (“JPDA”) 06-103 Production Sharing Contract (“PSC”) in East Timor announced it had executed a Deed of Settlement and Release (Deed) with the Autoridade Nacional Do Petroleo E Minerais (“ANPM”) to terminate the ongoing arbitration proceedings arising from the termination of the PSC by the ANPM in 2015 and settle all claims and counterclaims between the parties.

  • The Joint Petroleum Development Area is an area in the Timor Sea that is subject to an agreement between Australia and East Timor for the extraction of petroleum products.

  • The express application of the Act to the Joint Petroleum Development Area — an agreed joint development area under the Timor Sea Treaty [2003] ATS 13 — is consistent with the obligations of Australia under article 4(1) of the Treaty between Australia and Timor- Leste on Certain Maritime Arrangements in the Timor Sea [2007] ATS 12.

  • Oil and gas revenues have surged since 2005 as major projects in the Joint Petroleum Development Area that Timor-Leste shares with Australia have come online.

  • 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 valued added tax that Timor-Leste is permitted to impose under the Timor Sea Treaty in the Joint Petroleum Development Area continues to apply in the Joint Petroleum Development Area.

  • Timor-Leste benefits from the commercial exploitation of petroleum resources in the Joint Petroleum Development Area (JPDA) in the Timor Sea, which are shared with Australia.

  • Petroleum operations in the Joint Petroleum Development Area (JPDA) and Timor-Leste’s exclusive areas are conducted according to PSCs concluded between the Autoridade Nacional do Petróleo e Minerais (ANPM) and Contractors.In addition, the TST guarantees that taxation is divided between 90% of the revenue from the JPDA to Timor-Leste and 10% to Australia.We note that in 2019, a new Law entered into force due to the Resolution 15/2019 of the Ratification of the Timor Sea Treaty.


More Definitions of Joint Petroleum Development Area

Joint Petroleum Development Area means the Joint Petroleum Development Area
Sample 1

Related to Joint Petroleum Development Area

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

  • Redevelopment Area means the community redevelopment area described, defined or otherwise identified or referred to in the Redevelopment Plan.

  • exploration area means that part of the Area allocated to the Contractor for exploration, described in schedule 1 hereto, as the same may be reduced from time to time in accordance with this contract and the Regulations;

  • Project Area means land or lands located within the incentive

  • 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.

  • Project area plan means a written plan that, after its effective date, guides and controls the development within a project area.

  • Petroleum Operations means, as the context may require, Exploration Operations, Development Operations or Production Operations or any combination of two or more of such operations, including construction, operation and maintenance of all necessary facilities, plugging and abandonment of Xxxxx, safety, environmental protection, transportation, storage, sale or disposition of Petroleum to the Delivery Point, Site Restoration and any or all other incidental operations or activities as may be necessary.

  • Exploration Operations means any operations carried out for or in connection with the exploration for minerals, and includes -

  • 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;

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

  • 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:

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

  • 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.

  • 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;

  • Development Well means a well drilled inside the established limits of an oil or gas reservoir, or in close proximity to the edge of the reservoir, to the depth of a stratigraphic horizon known to be productive.

  • Development Work means any work carried out in relation to the physical construction of a mine;

  • Exploration means all activities directed toward ascertaining the existence, location, quantity, quality or commercial value of deposits of Products.

  • 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.

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