Meaning Turnkey Drilling Contract
What does Turnkey Drilling Contract mean? Here you find 3 meanings of the word Turnkey Drilling Contract. You can also add a definition of Turnkey Drilling Contract yourself
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Turnkey Drilling ContractIn the context of Oil & Gas law, in a turnkey drilling contract, the drilling contractor promises to perform specified functions for an agreed price. However, the lease operator does not have any [..]
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Turnkey Drilling ContractA drilling contract where the operator agrees to perform stated functions for an agreed price. The lease operator has little or no discretion to instruct the drilling contractor and little or no liability exposure for the contractor's actions.
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Turnkey Drilling Contract
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