oil & gas assets

Glossary of Industry Terms

This library of terms is constantly growing. If you cannot find a term you need or would like to suggest a term to add to this glossary email us at memberservice@plsx.com


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Operating Pressure
The pressure to which the vessel is usually subjected in service. A pressure vessel is normally designed for a maximum allowable working pressure that will provide a suitable margin above the operating pressure in order to prevent any undesirable operatio
Operator
Company or individual responsible for managing an exploration, development or production operation.