Share this entry

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

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.

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.

Get more from Oxford Dictionaries

Subscribe to remove ads and access premium resources

Word of the day whippersnapper
Pronunciation: ˈ(h)wipərˌsnapər
noun
a young, inexperienced person considered presumptuous or overconfident...