Home > Term: shutdown time
shutdown time
One of the rate provisions in drilling contracts, specifying the compensation to the independent drilling contractor when drilling operations have been suspended at the request of the operator.
- Part of Speech: noun
- Industry/Domain: Mining
- Category: General mining; Mineral mining
- Government Agency: USBM
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Creator
- ed.young
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(V.I.P) 21084 points - 100% positive feedback
(Milwaukee, United States)
