DRILLBITS
Monthly eNewsletter from the IADC

IADC Lexicon Featured Term for May 2019

The IADC Lexicon (IADCLexicon.org) is a compendium of upstream-related terms, which, unlike conventional glossaries, are official definitions drawn from legislation, regulation and regulatory guidance, standards (global, national and regional), and IADC guidelines. Terms often have multiple definitions from different sources.

This month’s Featured Term is:

“State Title” (Source: Offshore Petroleum and Greenhouse Gas Storage Act 2006, Australia, amended 2012.):

State title means an authority, however described, under a law of a State, to explore for, or to recover, petroleum.

(click the link to read the full definition on the IADC Lexicon.)