Glossary
Browse the IADC Lexicon alphabetically or by category. Get comprehensive definitions of drilling industry terms.
Exploration Licence For CO2 Storage Complexes
Definition(s)
Exploration Licence For CO2 Storage Complexes
Exploration licence for CO2 storage complexes : a licence for the exploration for CO2 storage complexes. Source: Mining Act of the Netherlands, Netherlands, 2003 (as amended up to 2012). LegislationExploration Licence
Definition(s)
Exploration Licence
Exploration licence: a licence for the exploration of minerals. Source: Mining Act of the Netherlands, Netherlands, 2003 (as amended up to 2012). LegislationExploration For Terrestrial Heat
Definition(s)
Exploration For Terrestrial Heat
Exploration for terrestrial heat: a search for the presence of terrestrial heat, or for additional information about this, making use of a drill hole. Source: Mining Act of the Netherlands, Netherlands, 2003 (as amended up to 2012). LegislationExploration For Minerals
Definition(s)
Exploration For Minerals
Exploration for minerals: a search for the presence of minerals or for additional information about these, by making use of a drill hole Source: Mining Act of the Netherlands, Netherlands, 2003 (as amended up to 2012). LegislationExploration Agreement
Definition(s)
Exploration Agreement
Exploration agreement: an agreement of cooperation between the holder of an exploration licence and the company for the carrying out of exploration activities. Source: Mining Act of the Netherlands, Netherlands, 2003 (as amended up to 2012). LegislationExploration Activities
Definition(s)
Exploration Activities
Exploration activities: activities that on the basis of an exploration licence are or can be carried out or activities that emanate from reconnaissance surveys for the presence of hydrocarbons within the licence area, or for further data on those hydrocarbons. Source: Mining Act of the Netherlands, Netherlands, 2003 (as amended up to 2012). LegislationEnvironmental Mining Licence
Definition(s)
Environmental Mining Licence
Environmental mining licence: a licence as meant in Article 40.2. Source: Mining Act of the Netherlands, Netherlands, 2003 (as amended up to 2012). LegislationThe Company
Definition(s)
The Company
The company: the company as referred to in Article 82.1. Source: Mining Act of the Netherlands, Netherlands, 2003 (as amended up to 2012). LegislationCO2 Storage Complex
Definition(s)
CO2 Storage Complex
CO2 storage complex: storage reservoir for CO2 and the surrounding geological areas that may have an impact on the general integrity of the storage and the safety thereof.
Source: Mining Act of the Netherlands, Netherlands, 2003 (as amended up to 2012). LegislationWell Site Seabed Survey
Definition(s)
Well Site Seabed Survey
“Well site seabed survey” means a survey pertaining to the nature of the surface or subsurface or the seabed or its subsoil of any portion of the offshore area in the area of the proposed drilling site in respect of a well and to the conditions of those portions of the offshore area that may affect the safety or efficiency of drilling operations; levé marin. Source: Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act, S.C. 1988, c. 28, Canada, current to May 26, 2013. LegislationCapital Equipment
Definition(s)
Capital Equipment
For the purpose of this Article capital equipment shall also be understood to mean exploration or evaluation drilling. Source: Mining Act of the Netherlands, Netherlands, 2003 (as amended up to 2012). LegislationShortfall of Petroleum Deliveries in the Province
Definition(s)
Shortfall of Petroleum Deliveries in the Province
In this section, “shortfall of petroleum deliveries in the Province” means deliveries of petroleum that are inadequate to supply, on commercial terms,- the end use consumption demands of all consumers in the Province;
- feedstock requirements of industrial facilities that are in place in the Province on January 31, 1986; and
- the feedstock requirements of any refining facility located in the Province that was not in place on January 31, 1986 where the feedstock requirements required to satisfy the demand of industrial capacity, as of January 31, 1986, in the Provinces of Nova Scotia, New Brunswick, Prince Edward Island and Newfoundland have been met.
Suitable Crude Oil and Equivalent Substances
Definition(s)
Suitable Crude Oil and Equivalent Substances
“Suitable crude oil and equivalent substances” means those substances that are appropriate for processing in Canadian refineries and that are potentially deliverable to Canadian refineries; pétrole brut et substances assimilées acceptables. Source: Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act, S.C. 1988, c. 28, Canada, current to May 26, 2013. LegislationSelf-sufficiency
Definition(s)
Self-sufficiency
“Self-sufficiency” means a volume of suitable crude oil and equivalent substances available from Canadian hydrocarbon producing capacity that is adequate to supply the total feedstock requirements of Canadian refineries necessary to satisfy the total domestic refined product requirements of Canada, excluding those feedstock requirements necessary to produce specialty refined products; autosuffisance. Source: Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act, S.C. 1988, c. 28, Canada, current to May 26, 2013. LegislationSecurity of Supply
Definition(s)
Security of Supply
“Security of supply”, in respect of any period, means the anticipation of self-sufficiency during each of the five calendar years in that period, taking into account the aggregate during each such year of anticipated additions to producing capacity and anticipated adjustments to refining capacity; sécurité des approvisionnements. Source: Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act, S.C. 1988, c. 28, Canada, current to May 26, 2013. LegislationSable Island
Definition(s)
Sable Island
“Sable Island” means the area, whether above or under water, that is within the limits described in Schedule III; Île de Sable. Source: Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act, S.C. 1988, c. 28, Canada, current to May 26, 2013. LegislationRevenue Account
Definition(s)
Revenue Account
“Revenue Account” means the account established under section 219; Compte de recettes. Source: Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act, S.C. 1988, c. 28, Canada, current to May 26, 2013. LegislationQualified Canadian Exploration Expenditure
Definition(s)
Qualified Canadian Exploration Expenditure
“Qualified Canadian exploration expenditure” has the meaning assigned by subsection 127(9) of the Income Tax Act; dépense admissible d’exploration au Canada. Source: Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act, S.C. 1988, c. 28, Canada, current to May 26, 2013. LegislationPublic Service
Definition(s)
Public Service
In this section, “public service” has the same meaning as in the Public Service Labour Relations Act. Source: Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act, S.C. 1988, c. 28, Canada, current to May 26, 2013. LegislationPublic Service of Canada
Definition(s)
Public Service of Canada
“Public Service of Canada” has the meaning given the expression “public service” in the Public Service Labour Relations Act, and includes any portion of the federal public administration designated by order in council pursuant to this subsection and for the purposes of this section as part of the Public Service of Canada; administration fédérale. Source: Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act, S.C. 1988, c. 28, Canada, current to May 26, 2013. LegislationPublic Servant
Definition(s)
Public Servant
“Public servant” means a person employed in the Public Service of Canada, and includes any other person who is a civil servant within the meaning of the Provincial Act; fonctionnaire . Source: Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act, S.C. 1988, c. 28, Canada, current to May 26, 2013. LegislationProvincial Government
Definition(s)
Provincial Government
“Provincial Government” means the lieutenant governor in council of the Province; gouvernement provincial. Source: Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act, S.C. 1988, c. 28, Canada, current to May 26, 2013. LegislationProvincial Act
Definition(s)
Provincial Act
“Provincial Act” means the Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation (Nova Scotia) Act, Chapter 3 of the Statutes of Nova Scotia, 1987, as amended from time to time; loi provinciale. Source: Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act, S.C. 1988, c. 28, Canada, current to May 26, 2013. LegislationProvince
Definition(s)
Province
“Province” does not include the Northwest Territories, Yukon or Nunavut; province. Source: Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act, S.C. 1988, c. 28, Canada, current to May 26, 2013. LegislationProvince
“Province” means the province of Nova Scotia; province. Source: Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act, S.C. 1988, c. 28, Canada, current to May 26, 2013. LegislationPhase-in Portion
Definition(s)
Phase-in Portion
“Phase-in portion” means- in respect of the first fiscal year of offshore production and, where applicable, the fiscal year immediately preceding the first fiscal year of offshore production, ten per cent,
- in respect of the first fiscal year following the first fiscal year of offshore production, twenty per cent,
- in respect of the second fiscal year following the first fiscal year of offshore production, thirty per cent,
- in respect of the third fiscal year following the first fiscal year of offshore production, forty per cent,
- in respect of the fourth fiscal year following the first fiscal year of offshore production, fifty per cent,
- in respect of the fifth fiscal year following the first fiscal year of offshore production, sixty per cent,
- in respect of the sixth fiscal year following the first fiscal year of offshore production, seventy per cent,
- in respect of the seventh fiscal year following the first fiscal year of offshore production, eighty per cent, and
- in respect of the eighth fiscal year following the first fiscal year of offshore production, ninety per cent; fraction progressive.