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 owner is exposed to for damages the drilling causes.

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词条贡献者

双语律师Jerry，毕业于一所培养最顶级翻译人才的语言学院，擅长翻译各类与欧洲隐私及安全法相关的法律文件。