turnkey drilling contract

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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词条贡献者

资深译员Calvin，毕业于亚洲一流的高级翻译学院，擅长翻译各类与复杂技术交易相关的法律文件。