Glossary
Browse the IADC Lexicon alphabetically or by category. Get comprehensive definitions of drilling industry terms.
Call for Bids
Definition(s)
Call for Bids
“Call for bids” means a call for bids made in accordance with section 61; appel d’offres. Source: Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act, S.C. 1988, c. 28, Canada, current to May 26, 2013. LegislationCall for Bids
“Call for bids” means a call for bids made in accordance with section 14; appel d’offres. Source: Canada Petroleum Resources Act, R.S.C. 1985, c. 36 (2nd Supp.), current to April 29, 2013. LegislationCanada-Nova Scotia Benefits Plan
Definition(s)
Canada-Nova Scotia Benefits Plan
“Canada-Nova Scotia benefits plan” means a plan submitted pursuant to subsection 45(2); plan de retombées économiques. Source: Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act, S.C. 1988, c. 28, Canada, current to May 26, 2013. LegislationCanada-Nova Scotia Benefits Plan
In this section, “Canada-Nova Scotia benefits plan” means a plan for the employment of Canadians and, in particular, members of the labour force of the Province and, subject to paragraph (3)(d), for providing manufacturers, consultants, contractors and service companies in the Province and other parts of Canada with a full and fair opportunity to participate on a competitive basis in the supply of goods and services used in any proposed work or activity referred to in the benefits plan. Source: Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act, S.C. 1988, c. 28, Canada, current to May 26, 2013. LegislationCanadian Development Expense
Definition(s)
Canadian Development Expense
“Canadian development expense” has the meaning assigned by paragraph 66.2(5)(a) of the Income Tax Act, except that- there shall be excluded from that meaning any Canadian exploration and development overhead expense, and
- all that portion of that paragraph following clause (vii)(C) thereof shall be read as follows: “but any amount of assistance or benefit that a taxpayer has received, is entitled to receive or can reasonably be expected to receive after May 25, 1976 from a government, municipality or other public authority in respect of or related to his Canadian development expense, whether as a grant, subsidy, forgivable loan, deduction from royalty or tax, investment allowance or any other form of assistance or benefit, other than an investment tax credit in respect of a qualified Canadian exploration expenditure, shall reduce the amount of any of the expenses described in any of subparagraphs (i) to (v); and”; frais d’aménagement au Canada.
Canadian Exploration and Development Overhead Expense
Definition(s)
Canadian Exploration and Development Overhead Expense
“Canadian exploration and development overhead expense” has the meaning assigned by subsection 1206(1) of the Income Tax Regulations; frais généraux d’exploration et d’aménagement au Canada. Source: Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act, S.C. 1988, c. 28, Canada, current to May 26, 2013. LegislationCanadian Exploration Expense
Definition(s)
Canadian Exploration Expense
“Canadian exploration expense” has the meaning assigned by paragraph 66.1(6)(a) of the Income Tax Act, except that- there shall be excluded from that meaning any Canadian exploration and development overhead expense and any expense referred to in subparagraph (i) thereof,
- any reference in that paragraph to any expense incurred in drilling or completing an oil or gas well in Canada shall be read as including, with such modifications as the circumstances require, a reference to
1. any expense incurred in respect of an exploratory probe in the offshore area, and
2. any expense incurred in respect of a well in relation to a three dimensional seismic survey, an engineering study or an analytical study for the purpose of determining the location or extent of an accumulation of petroleum in the offshore area, and
3. all that portion of that paragraph following clause (vii)(C) thereof shall be read as follows: “but any amount of assistance or benefit that a taxpayer has received, is entitled to receive or can reasonably be expected to receive after May 25, 1976 from a government, municipality or other public authority in respect of or related to a Canadian exploration expense, whether as a grant, subsidy, forgivable loan, deduction from royalty or tax, investment allowance or any other form of assistance or benefit, other than an investment tax credit in respect of a qualified Canadian exploration expenditure, shall reduce the amount of any of the expenses described in any of subparagraphs (i) to (v); and”; frais 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. 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). LegislationCargo Area
Definition(s)
Cargo Area
Cargo area is that part of the ship that contains cargo tanks, slop tanks, cargo pump-rooms including pump-rooms, cofferdams, ballast or void spaces adjacent to cargo tanks or slop tanks and also deck areas throughout the entire length and breadth of the part of the ship over the above-mentioned spaces. Where independent tanks are installed in hold spaces, cofferdams, ballast or void spaces at the after end of the aftermost hold space or at the forward end of the forward-most hold space are excluded from the cargo area. Source: Resolution MEPC.119(52), 2004 amendments to the International Code for the Construction and Equipment of Ships Carrying Dangerous Chemicals in Bulk (IBC Code), 15 October 2004. Regulatory guidance, International Maritime OrganizationCargo Area
Cargo area is that part of the ship that contains cargo tanks, slop tanks, cargo pump-rooms including pump-rooms, cofferdams, ballast or void spaces adjacent to cargo tanks or slop tanks and also deck areas throughout the entire length and breadth of the part of the ship over the above-mentioned spaces. Where independent tanks are installed in hold. Source: Resolution MEPC.119(52), 2004 amendments to the International Code for the Construction and Equipment of Ships Carrying Dangerous Chemicals in Bulk (IBC Code), 15 October 2004. Regulatory guidance, International Maritime OrganizationCargo Area
Cargo area is that part of the ship that contains cargo holds, cargo tanks, slop tanks and cargo pump-rooms including pump-rooms, cofferdams, ballast and void spaces adjacent to cargo tanks and also deck areas throughout the entire length and breadth of the part of the ship over the above-mentioned spaces. <Chapter II-2, part A, regulation 3>. Source: IMO Resolution MSC.99(73), amendments to the International Convention for the Safety of Life at Sea, 1974, as amended, 5 December 2000, International Maritime Organization. LegislationCargo Residues
Definition(s)
Cargo Residues
Cargo residues means the remnants of any cargo which are not covered by other Annexes to the present Convention and which remain on the deck or in holds following loading or unloading, including loading and unloading excess or spillage, whether in wet or dry condition or entrained in wash water but does not include cargo dust remaining on the deck after sweeping or dust on the external surfaces of the ship. Source: Resolution Resolution MEPC.201(62), amendments to the Annex of the Protocol of 1978 relating to the International Convention for the Prevention of Pollution from Ships, 1973 (Revised MARPOL Annex V), 15 July 2011, International Maritime Organization. LegislationCargo Ship
Definition(s)
Cargo Ship
Cargo ship is any ship which is not a passenger ship, a ship of war and troopship, a ship which is not propelled by mechanical means, a wooden ship of primitive build, a fishing vessel or a mobile offshore drilling unit. Source: IMO resolution MSC.267(85), International Code on Intact Stability, 2008 (2008 IS Code), 4 December 2008, International Maritime Organization. Regulatory Guidance Source: IMO Resolution MSC.267(85), adoption of the International Code on Intact Stability, 2008 (2008 IS Code), 4 December 2008, International Maritime Organization. Regulatory GuidanceCargo Ship
Cargo ship is a ship as defined in regulation I/2(g). <Chapter II-2, part A, regulation 3>. Source: IMO Resolution MSC.99(73), amendments to the International Convention for the Safety of Life at Sea, 1974, as amended, 5 December 2000, International Maritime Organization. LegislationCargo Spaces
Definition(s)
Cargo Spaces
Cargo spaces are spaces used for cargo, cargo oil tanks, tanks for other liquid cargo and trunks to such spaces. <Chapter II-2, part A, regulation 3>. Source: IMO Resolution MSC.99(73), amendments to the International Convention for the Safety of Life at Sea, 1974, as amended, 5 December 2000, International Maritime Organization. LegislationCash-bid Greenhouse Gas Assessment Permit
Definition(s)
Cash-bid greenhouse gas assessment permit
Cash-bid greenhouse gas assessment permit means a greenhouse gas assessment permit granted under Division 3 of Part 3.2. Source: Offshore Petroleum and Greenhouse Gas Storage Act 2006, Australia, amended 2012. LegislationCash-bid Petroleum Exploration Permit
Definition(s)
Cash-bid petroleum exploration permit
Cash-bid petroleum exploration permit means:- a petroleum exploration permit granted under Division 3 of Part 2.2 of this Act; or
- an exploration permit granted under section 22B of the repealed Petroleum (Submerged Lands) Act 1967; or
- a petroleum exploration permit granted under Division 5 of Part 2.2 of this Act by way of the renewal of a permit referred to in paragraph (a) or (b); or
- an exploration permit granted under section 32 of the repealed Petroleum (Submerged Lands) Act 1967 by way of the renewal of a permit referred to in paragraph (b).