MLchartDataset catalogue

Turnkey

Term · Oil and gas · MLC-T-OAG-003955

A type of drilling contract where the contractor agrees to drill a well to a specified depth and condition for a fixed price. The contractor bears the financial risk of unexpected drilling problems or delays. This contrasts with dayrate contracts where the operator pays for rig time regardless of progress.

Table 1. Record
IdentifierMLC-T-OAG-003955
FieldOil and gas
SubjectDrilling
Record as JSON 
{
  "id": "MLC-T-OAG-003955",
  "term": "Turnkey",
  "field": "Oil and gas",
  "definition": "A type of drilling contract where the contractor agrees to drill a well to a specified depth and condition for a fixed price. The contractor bears the financial risk of unexpected drilling problems or delays. This contrasts with dayrate contracts where the operator pays for rig time regardless of progress.",
  "subject": "Drilling",
  "url": "https://mlchart.com/terminology/oil-and-gas/turnkey/"
}

Record 4,200 of 4,469 in Oil and gas terminology (MLC-0103). Request the full dataset.