The IADC Lexicon is an oil and gas dictionary of upstream-related terms, which, unlike conventional glossaries, are official definitions drawn from legislation, regulation and regulatory guidance, standards (global, national and regional), IADC guidelines, and Well Control Institute. Terms often have multiple definitions from different sources.
This August’s Featured Term is:
“Limit Analysis” (Source: API RP 17G, Recommended Practice for Completion/Workover Risers, Second Edition, July 2006 (Reaffirmed April 2011):
Method used to compute the resistance of a component made of ideally (rigid) plastic material.