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Definition Of:

TURNKEYCONTRACT

Petroleum Industry DictionaryPetroleum Industry Dictionary
A contract in which a drilling contractor agrees to furnish all materials and labor and do all that is required to drill and complete a well in a workman like manner. When on production, he "delivers,, it to the owner ready to "turn the key" and start the oil running into the lease tank, all for an amount specified in the contract.

 

Petroleum Industry Dictionary INDEX:

List of Terms: Terms beginning with "A", Page 1

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

A: Page 1 of 20.

A
A-FRAME
A-h
A-mast
AAODC
AAPG
Abandon
ABANDONED OIL
Abandoned Well

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