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operatorship

Line breaks: op¦er¦ator|ship

Definition of operatorship in English:

noun

(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.

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