Glossary
Browse the IADC Lexicon alphabetically or by category. Get comprehensive definitions of drilling industry terms.
To Transport
Definition(s)
To Transport
“To transport” means to undertake any operation in order to move the petroleum produced by the concessionaire from production fields to storage places, points of sale or disposal, points of purchase, and points of export, and also includes to move such petroleum between the said points and places. Source: Law of Information Energy, Petroleum Act B.E. 2514 (1971), Thailand, as of June 2013. LegislationTo Store
Definition(s)
To Store
“To store” means to undertake any operation in order to gather and keep in stock the petroleum produced by the concessionaire. Source: Law of Information Energy, Petroleum Act B.E. 2514 (1971), Thailand, as of June 2013. LegislationTo Explore
Definition(s)
To Explore
“To explore” means to undertake standard practices in searching for petroleum by employing geological, geophysical, and other surveys; and also includes to undertake drilling for stratigraphic tests in order to determine the existence of petroleum and its extent, to define the boundaries of petroleum reservoirs or to obtain other essential data which are necessary to petroleum production. Source: Law of Information Energy, Petroleum Act B.E. 2514 (1971), Thailand, as of June 2013. LegislationTo Produce
Definition(s)
To Produce
“To produce” means to undertake any operation in order to obtain petroleum from its reservoirs; and also includes to employ any process other than refining, petrochemical operations, gas separation plant operations, liquefied natural gas plant operations or compressed natural gas plant operations, in order to render petroleum in saleable or disposable forms. Source: Law of Information Energy, Petroleum Act (No. 4) B.E. 2514 (1989), Thailand, as of June 2013. LegislationTransportation Rate
Definition(s)
Transportation Rate
“Transportation rate”, in relation to common carrier or contract carrier or a city or local natural gas distribution network, means such rate for moving each unit of petroleum, petroleum products or natural gas as may be fixed by regulations. Source: The Petroleum and Natural Gas Regulatory Board Act, 2006, No. 19 of 2006, India, amended as of May 2013. LegislationRules
Definition(s)
Rules
“Rules” means rules made by the Central Government under this Act; (zm)” Secretary” means the Secretary of the Board. Source: The Petroleum and Natural Gas Regulatory Board Act, 2006, No. 19 of 2006, India, amended as of May 2013. LegislationRetail Service Obligations
Definition(s)
Retail Service Obligations
“Retail service obligations” means obligations of dealers and distributors for maintaining supplies to consumers throughout the specified working hours and of specified quality, quantity and display of maximum retail price of notified petroleum, petroleum products and natural gas including CNG and such other obligations, as may be specified by regulations. Source: The Petroleum and Natural Gas Regulatory Board Act, 2006, No. 19 of 2006, India, amended as of May 2013. LegislationRetail Outlet
Definition(s)
Retail Outlet
“Retail outlet” means filling station where one or more dispensing pumps have been provided for sale of motor spirit, high speed diesel, auto- liquefied petroleum gas or natural gas and includes distributorship for liquefied petroleum gas or dealership for superior kerosene oil or CNG stations. Source: The Petroleum and Natural Gas Regulatory Board Act, 2006, No. 19 of 2006, India, amended as of May 2013. LegislationRestrictive Trade Practice
Definition(s)
Restrictive Trade Practice
“Restrictive trade practice” means a trade practice which has, or may have, the effect of preventing, distorting or restricting competition in any manner and in particular,-- which tends to obstruct the flow of capital or resources into the stream of production, or
- (ii) which tends to bring about manipulation of prices, or conditions of delivery or to affect the flow of supplies in the market relating to petroleum, petroleum products or natural gas or services in such manner as to impose on the consumers unjustified costs or restrictions.
Pipeline Access Code
Definition(s)
Pipeline Access Code
“Pipeline access code” means the code to establish a framework for third party access to pipelines under sub- clause (i) of clause (e) of section 11. Source: The Petroleum and Natural Gas Regulatory Board Act, 2006, No. 19 of 2006, India, amended as of May 2013. LegislationOil Company
Definition(s)
Oil Company
“Oil company” means a company registered under the Companies Act, 1956 and includes an association of persons, society or firm, by whatsoever name called or referred to, for carrying out an activity relating to petroleum, petroleum products and natural gas. Source: The Petroleum and Natural Gas Regulatory Board Act, 2006, No. 19 of 2006, India, amended as of May 2013. LegislationNotified Petroleum, Petroleum Products and Natural Gas
Definition(s)
Notified Petroleum, Petroleum Products and Natural Gas
“Notified petroleum, petroleum products and natural gas” means such petroleum, petroleum products and natural gas as the Central Government may notify from time to time, after being satisfied that it is necessary or expedient so to do for maintaining or increasing their supplies or for securing their equitable distribution or ensuring adequate availability. Source: The Petroleum and Natural Gas Regulatory Board Act, 2006, No. 19 of 2006, India, amended as of May 2013. LegislationNotification
Definition(s)
Notification
“Notification” means a notification published in the Official Gazette and the expression” notified” with its cognate meanings and grammatical variations, shall be construed accordingly. Source: The Petroleum and Natural Gas Regulatory Board Act, 2006, No. 19 of 2006, India, amended as of May 2013. LegislationMotor Spirit
Definition(s)
Motor Spirit
“Motor spirit” means any hydrocarbon oil (excluding crude mineral oil) used as fuel in spark ignition engines which conforms to such specifications, as the Central Government may, in consultation with the Bureau of Indian Standards, notify from time to time. Source: The Petroleum and Natural Gas Regulatory Board Act, 2006, No. 19 of 2006, India, amended as of May 2013. LegislationMaximum Retail Price
Definition(s)
Maximum Retail Price
“Maximum retail price” means the maximum price fixed by an entity at which the petroleum, petroleum products and natural gas may be sold to the retail consumers and includes all taxes, cess and levies, local or otherwise and freight or commission payable to the dealers. Source: The Petroleum and Natural Gas Regulatory Board Act, 2006, No. 19 of 2006, India, amended as of May 2013. LegislationMarketing Service Obligations
Definition(s)
Marketing Service Obligations
“Marketing service obligations” means obligations-- to set up marketing infrastructure and retail outlets in remote areas in respect of notified petroleum and petroleum products;
- to maintain minimum stock of notified petroleum and petroleum products;
- of a local distribution entity to supply natural gas to consumers; and
- such other obligations as may be specified by regulations.
Local Distribution Entity
Definition(s)
Local Distribution Entity
“Local distribution entity” means an entity authorised by the Board under section 20 to lay, build, operate or expand a city or local natural gas distribution network. Source: The Petroleum and Natural Gas Regulatory Board Act, 2006, No. 19 of 2006, India, amended as of May 2013. LegislationLiquefied Petroleum Gas
Definition(s)
Liquefied Petroleum Gas (LPG)
Fluid consisting mainly of ethane, propane and butane that are gases at atmospheric pressure but under high pressure are liquids. Source: IADC UBO / MPD Glossary, December 2011. Global StandardsLiquefied Petroleum Gas
“Liquefied petroleum gas” means a mixture of light hydrocarbons containing propane, isobutane, normal butane, butylenes, or such other substance which is gaseous at normal ambient temperature and atmospheric pressure but may be condensed to liquid state at normal ambient temperature by the application of pressure and conforms to such specifications, as the Central Government may, in consultation with the Bureau of Indian Standards, notify from time to time. Source: The Petroleum and Natural Gas Regulatory Board Act, 2006, No. 19 of 2006, India, amended as of May 2013. LegislationLiquefied Natural Gas Terminal
Definition(s)
Liquefied Natural Gas Terminal
“Liquefied natural gas terminal” means the facilities and infrastructure required to-- receive liquefied natural gas;
- store liquefied natural gas;
- enable regasification of liquefied natural gas; and
- transport regasified liquefied natural gas till the outside boundaries of the facility.