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What does unitization mean?

Looking for the meaning or definition of the word unitization? Here's what it means.

Noun
  1. Process of unitizing.
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Examples
A unitization agreement would allow parties to jointly develop the field in exchange for a predetermined share of the end product.
In the absence of explicit retrieval cues, pair recall will be facilitated by factors that promote unitization of each pair.
Some delegations attached importance to the application of equitable principles, as well as to the principle of unitization.
However, the adaptation of the unitization principles elaborated by the international oil and gas industry is worth considering.
Mosbacher and Chevron would prefer to develop the Niglintgak field in collaboration with Shell, either by unitization or by providing third-party access to common facilities.
Such agreements or arrangements should include, as appropriate, maritime boundary delimitation agreements, as well as unitization and joint development agreements or other arrangements.

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