reasonably prudent operator standard

reasonably-prudent-operator standard. Oil & gas. The test generally applied to determine a lessee’s compliance with implied lease covenants by considering what a reasonable, competent operator in the oil-and-gas industry would do under the circumstances, acting in good faith and with economic motivation, and taking into account the lessor’s interests as well as that of the operator. — Also termed reasonable-prudent-operator standard; prudent-operator standard.

---

词条贡献者

资深译员Gianluca，毕业于亚洲顶尖的高级翻译学院，专注翻译各种与清洁与可再生能源有关的法律文件。