Definition(s)
Offset
Horizontal component of control path length.
Source: API SPEC 17F, Specification for Subsea Production Control Systems, Second Edition, December 2006 (Reaffirmed April 2011). Global Standards
Offset
Measureable outcomes resulting from actions designed to compensate for significant residual impacts arising from project development and persisting after appropriate prevention and mitigation measures have been taken.
Adapted from the definition of “Biodiversity offsets” in Business and ‘Biodiversity Offsets Programme (‘BBOP) Glossary. 2nd ed. Washington, D.C.: BBOP, 2012. Available from http://www.forest-trends.org
Source: IOGP Report No. 510, Operating Management System Framework for controlling risk and delivering high performance in the oil and gas industry, International Association of Oil & Gas Producers, June 2014. Global Standards
Offset
“Offset” means a well drilled on a forty-acre [16.19-hectare] tract cornering or contiguous to a forty-acre [16.19-hectare] tract having an existing oil well, or a well drilled on a one hundred sixty-acre [64.75-hectare] tract cornering or contiguous to a one hundred sixty acre [64.75-hectare] tract having an existing gas well; provided, however, that for wells subject to a fieldwide spacing order, “offset” means any wells located on spacing units cornering or contiguous to the spacing unit or well which is the subject of an inquiry or a hearing.
Source: Oil and gas Conservation, North Dakota Administrative Code, Chapter 43-02-03, April 2012. Regulations