TERMIUM Plus®

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ABANDONMENT COST [1 record]

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Filter results by subject field

Alphabetical list of terms

Record 1 2004-07-12

English

Subject field(s)
  • Oil Production
DEF

In relation to a well, means the reasonable direct costs relating to the abandonment of the well and the carrying out of the related obligations ... with respect to the well.

OBS

abandon: To temporarily or permanently cease production from a well or to cease further drilling operations.

French

Domaine(s)
  • Production pétrolière
DEF

S'agissant d'un puits, les frais raisonnables directement associés à l'abandon du puits et à l'exécution des obligations connexes [...] à l'égard de ce puits.

CONT

Lorsque le délégué aux opérations reçoit une demande de licence de puits, le Ministre peut, dans le but de déterminer le montant du dépôt initial exigé [...] estimer le montant auquel s'élèveraient les frais d'abandon du puits aussitôt que possible après la cessation des travaux de forage mais avant le transport hors du chantier de l'appareil ayant servi au forage.

Spanish

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© Public Services and Procurement Canada, 2024
TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
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