unitization

Examples

• All

• However, more recently, Nigeria and Equatorial Guinea completed a unitization agreement for the Zafiro-Ekanga field in 2002.

  Academic text (2005)

• The first such arrangement was concluded between Norway and the United Kingdom in 1976 concerning the Frigg field straddling their maritime boundary in the North Sea, and most unitization agreements can be found in the North Sea.

  Academic text (2005)

• A unitization agreement first defines the extent of the field or fields in question.

  Academic text (2005)

• Such deposits have often been subject to unitization agreements by the neighboring states.

  Academic text (2005)

• Even where common pools are operated under a unitization agreement, rules for making up forgone production may not allow a gas producer to save a summer month's production quota for use during a winter month.

  Academic text (1991)

• Pending agreement on such positive cooperation (e.g., unitization), there must be a negative form of cooperation to refrain from proceeding to a unilateral act of extraction.

  Academic text (2005)

• The joint venture required a detailed unitization plan to maximize the oil extraction from the shared reservoir.

• The unitization of the underground gas field allowed both countries to develop the resource efficiently without disputes.

Synonyms

U

unification

vsunitization

31 4.3

A process that brings separate people or groups together to form one unit

combines owners' rights to jointly develop an underground oil or gas reservoir

Antonyms

D

disaggregation

• Specialized

1 7.9

Breaking a whole into smaller separate parts

Surface Forms

Morphology

Etymology