Oil & gas. A contract under which the lease operator hires a drilling rig and oilfield workers, pays an amount based on the time spent in drilling operations, and retains the right to direct drilling operations. • This type of contract gives the lease operator broad control over the drilling contractor, so courts in turn […]
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daywork. 1. Short-term employment that is intended to last only for a day, or for a few days. 2. Hist. In England, a measure of land being the amount of arable land that can be plowed in a day. — Also termed daywere.
daywork drilling contract 日工开采合同；按开采时间付酬合同 指按承揽方从事开采工作的时间计酬的合同。
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Oil & gas. A drilling contract under which the drilling contractor is paid to drill to a specified formation or depth, is paid a set amount per foot drilled, and is given broad control over how to do the work. • The risk of unexpected delays, as well as most liabilities, is on the contractor
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drilling contract. Oil & gas. A well-drilling agreement between a drilling contractor, who owns drilling rigs and associated equipment, and the owner or lessor of the mineral rights. • The contract spells out the rights and duties of the parties. In general, the more control the interest-owner retains over the contractor, the more liability the
Oil & gas. A drilling contract under which the drilling contractor promises to perform specified functions for an agreed price. • The lease operator has little or no discretion to control the drilling contractor, and so assumes little or no liability for damages that the drilling may cause. Cf. daywork drilling contract; footage drilling contract.
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