What does Operator mean? Read on to discover the definition & meaning of the term Operator - to help you better understand the language used in insurance policies.
The company that has the legal right, either by ownership or by virtue of a mineral lease, to produce oil and gas from a particular well. The operator serves as the overall manager and decision-maker of a drilling project. Operators typically have the largest financial stake in the project.
We hope the you have a better understanding of the meaning of Operator.