Definition(s)


Services

Provision of purchased support to a business activity by a contracted individual or organisation.

A service is an intangible commodity in that it involves supply of beneficial and consumable resources (often technical support) to a client company, but does not normally involve the supply of physical products or goods.

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

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