COPAS meaning in oil and gas

While working in Alaska there was often talk of "copas" pricing for tubulars as an accepted yardstick for what could be charged. More info can probably be obtained from our materials or accounting people for the exact acronym word match - addition - COPAS provides guidance as to the industry standards for petroleum accounting, including material pricing. They offer CEPS pricing as a service for pricing (which Alaska does not use). COPAS defines the process for transfer and rental of equipment/materials.