Share this entry
operatorship Line breaks: op¦er¦ator|ship
Pronunciation: /ˈɒpəreɪtəˌʃɪp/

Definition of operatorship in English:


(In the oil and gas industries) the right to operate a well, field, or other oil source.
Example sentences
  • Originally discovered by Chevron (NYSE: CVX) in 1946, operatorship of the field was turned over to PDVSA following nationalization.
  • Energy Africa has informed the Namibian authorities that they intend to assume 100% interest and operatorship of the field.
  • I think the Government should consider encouraging growth in the local sector by participating in more farm-outs and more operatorships.
Share this entry

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.

Subscribe to remove adverts and access premium resources