One of the mysteries of the English language finally explained.
(in the oil and gas industries) the right to operate a well, field, or other oil source.
- ‘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.’
- ‘Minister of Energy and Mineral Resources Purnomo Yusgiantoro, who opened the three-day event, said the government had suggested that Pertamina and ExxonMobil form a joint operatorship.’
- ‘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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