TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

WELL DRILLING CONTRACTOR [3 records]

Record 1 2000-08-04

English

Subject field(s)
  • Government Contracts
  • Law of Contracts (common law)
  • Oil Drilling
DEF

A drilling contract that calls for the payment of a stipulated amount to the drilling contractor on completion of the well. In this type of contract, the contractor furnishes all the material and labor and controls the entire drilling operation independent of any supervision by the operator.

French

Domaine(s)
  • Marchés publics
  • Droit des contrats (common law)
  • Forage des puits de pétrole
DEF

Contrat portant sur le forage des puits, par lequel l'entrepreneur s'engage à effectuer la totalité du travail prévu pour une somme donnée sans que le client ait à intervenir.

Key term(s)
  • contrat clef en main

Spanish

Save record 1

Record 2 1999-09-20

English

Subject field(s)
  • Law of Contracts (common law)
  • Oil Drilling
DEF

An agreement usually drawn between a drilling company and an operating company to drill and complete a well, setting forth the obligation of each party, compensation, indemnification, method of drilling, depth to be drilled, etc.

CONT

A drilling contract covers the price of drilling the well(whether by foot or by day), the type of equipment to be used, the distribution of expenses between the operator and the contractor, and other pertinent provisions.

French

Domaine(s)
  • Droit des contrats (common law)
  • Forage des puits de pétrole

Spanish

Save record 2

Record 3 1990-04-18

English

Subject field(s)
  • Oil and Natural Gas Extraction
CONT

When the well is owned by only one firm, that firm is referred to as the operator(not usually the same as the drilling contractor). There are often several owners in a single oil or gas well. In this case, one of the owners(firms) will be designated as the operator by agreement of all the owners.

French

Domaine(s)
  • Extraction du pétrole et du gaz naturel

Spanish

Save record 3

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