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English to Spanish: Marginal fields contract (Glossary) General field: Bus/Financial Detailed field: Petroleum Eng/Sci
Source text - English GLOSSARY OF TERMS, DEFINITIONS AND ABBREVIATIONS RELATED TO THE CONTRACT
For the purpose of this Contract, the following definitions will apply. Not all of them are used in the contract but they frequently appear in xxx documents submitted to the INVESTOR.
‘Assets’: xxx rights on both xxx and xxx.
‘Barrel’: equivalent to 42 gallon (USA).
‘Block’: An area composed of separate contiguous leaseholds, appropriate in size for the drilling of an exploratory well.
‘Commercial Bid Round’: means a Competitive Open Process, provided by the Department of Petroleum Resources (DPR) with the approval of the Minister of Petroleum Resources, for the Companies –previous legal registration- access to offer (in a bidding conference) to be operators in petroleum exploration and production operations in xxx.
‘Crude Oil’: means mineral oil in its natural state before it has been refined or treated (excluding water and other foreign substances).
‘Deep Offshore Water’: waters deeper than 200 m
‘Deposit’: an amount of US $ 4.600.000 million that shall be made available in order to pay YEW commitment with NNPC for the acquisition the license on one Marginal Field.
‘Exploration’: preliminary search by surface geological and geophysical methods, including aerial or land surveys, seismic data gathering and analysis and well drilling. An oil exploration licence shall apply to the area specified therein.
‘Exploitation’: the profit of the blocks. It may include both exploration and production.
‘Financial Partner’: funding source to achieve the goals of the Contract which entitles to take the benefits here stated.
‘Home-Port’: Port Harcourt, FR of Nigeria.
‘Joint Venture’: Any agreement or arrangements under which the Company jointly develops various oil and natural gas concessions projects.
‘Loan’: the total amount made available to YEW to fulfill the objectives of the Contract and to be paid back according to stated conditions.
‘Major Company’: A company integrated to a substantial degree, that is, engaged in production, refining, transportation, and marketing.
‘Marginal Field’: In the licensing exercise through which Nigeria offered its marginal fields, marginal fields are described as:
• Fields not considered by license holders for development because of assumed marginal economics under prevailing fiscal terms.
• Fields which have had at least one exploratory well drilled on the structure and have been reported as oil and gas discoveries for more than 10 years.
• Fields with high gas and low oil reserves.
• Fields that have been abandoned by the leaseholders for upwards of 3 years for economic reasons.
• Fields which the present leaseholders may consider farming out due to portfolio rationalization.
Translation - Spanish GLOSARIO DE TÉRMINOS, DEFINICIONES Y ABREVIATURAS RELACIONADOS CON EL CONTRATO.
Se aplicarán las siguientes definiciones con respecto a este contrato. No se utilizan todas en este contrato, pero aparecen frecuentemente en los documentos que xxx presentará al INVERSOR.
"Activos": Derechos de xxx sobre xxx y xxx.
"Barril": Unidad equivalente a 42 galones estadounidenses.
"Bloque": Un área compuesta de varios terrenos arrendados separados y contiguos, de un tamaño apropiado para la perforación de un pozo petrolífero.
"Ronda de Negociaciones Comerciales": Concurso abierto, convocado por el Departamento de Recursos Petrolíferos (DPR) con la aprobación del Ministerio de Recursos Petrolíferos, para otorgar acceso a las compañías que ya estén registradas legalmente a la oferta (mediante una subasta) para dirigir explotaciones petroleras y operaciones de producción en Nigeria.
"Petróleo crudo": Aceite mineral en su estado natural antes de ser refinado o tratado (excluyendo el agua y otras sustancias externas).
"Aguas profundas": Aguas cuya profundidad sobrepasan los 200 m.
"Depósito": La cantidad total de 4.600.000 millones de dólares estadounidenses que se debe proporcionar para pagar el compromiso de xxxx con la NNPC para adquirir la licencia de un campo marginal.
"Exploración": Búsqueda inicial llevada a cabo mediante métodos geológicos y geofísicos, incluyendo inspecciones aéreas o terrestres, recogida de datos de actividad sísmica y análisis y perforación de pozos. Se deberá tener una licencia de exploración petrolera en el área especificada.
"Explotación": El beneficio obtenido de los bloques. Podría incluir tanto exploración como producción.
"Socio financiero": Fuente de los fondos para alcanzar los objetivos del Contrato, lo cual lo autoriza para obtener los beneficios descritos en él.
"Puerto base": Port Harcourt, República Federal de Nigeria.
"Acuerdo comercial de empresa conjunta": Cualquier acuerdo o acuerdos en virtud de los cuales la compañía desarrolle de forma conjunta diversos proyectos de concesiones de petróleo y gas natural.
"Préstamo": El capital total que se proporcione a xxx para alcanzar los objetivos del contrato y que será devuelto según las condiciones expuestas.
"Gran empresa": Una empresa integrada de manera considerable, es decir, involucrada en producción, refinamiento, transporte y márketing.
"Campos marginales": En el ejercicio de concesión de licencias mediante el cual Nigeria ofreció sus campos marginales, dichos campos se describen como:
• Campos cuyos propietarios no han considerado aptos para su desarrollo a causa de una supuesta economía marginal en virtud de condiciones fiscales vigentes.
• Campos en los que se ha perforado, al menos, un pozo petrolífero en su estructura y ha reportado descubrimientos de gas y petróleo durante más de 10 años.
• Campos con grandes reservas de gas pero bajas en petróleo.
• Campos abandonados por sus propietarios durante más de 3 años por razones económicas.
• Campos cuyos propietarios actuales podrían considerar subcontratar ("farm-out") debido a la racionalización de la cartera de negocio.
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Translation education
UNED
Experience
Years of experience: 11. Registered at ProZ.com: Nov 2014.
English to Spanish (Universidad Nacional de Educación a distancia) Spanish to English (Universidad Nacional de Educación a distancia)
Memberships
N/A
Software
Across, Adobe Acrobat, Adobe Photoshop, Catalyst, DejaVu, memoQ, Microsoft Excel, Microsoft Office Pro, Microsoft Word, OmegaT, Passolo, Powerpoint, STAR Transit, Trados Studio, Wordfast
I have a BA in English Studies and Translation by the Spanish National University of Distance Education (UNED) and I'm currently studying for my Master's Degree in Mediation at the High Institute of Law and Business (ISDE). I've been working as a professional translator for four years, mainly in legal and marketing translation.
I've had the pleasure to work with clients such as the Spanish Ministry of Public Works and the Spanish Association of Mediation, as well as for the clients of the marketing agency Secuoyas (www.secuoyas.com) and in collaborative projects for Coach and Four Seasons Compassion for Life, among others. I am also a certified civil and commercial mediator and that has equipped me with valuable knowledge in this field.
Why work together?
· I can work with any document format. Do you need to translate a spreadsheet, a presentation, an HTML document? I got your back.
· Are you on a tight schedule? I can deliver a project on time, no matter the time zone you're in. Ask me for my express rates!
· I don't accept projects in topics I don't know well, saving you time and money and making sure I deliver a top-quality translation in those fields I can work.
I expect to maintain an honest relationship with my clients. I can provide sample translations upon request.
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