Commercial & FinanceVerified
CTR meaning in oil and gas
CTR means CTX Requisition. CTX (Cost Tracking Tool) is the North Sea UK's means of cost tracking. It was also previously used as a means of issuing requisitions through to Maximo, hence the term CTR (Cost Tracking [Tool]…
Definition
CTX Requisition
CTX (Cost Tracking Tool) is the North Sea UK's means of cost tracking. It was also previously used as a means of issuing requisitions through to Maximo, hence the term CTR (Cost Tracking [Tool] Requisition). A CTR is a vendor populated template which specifies line item detail on purchases.