NPT meaning in oil and gas
Definition
Non Productive Time
NPT means Non Productive Time. Down time (for example on a drilling rig) - aim is to reduce this as much as possible on an ongoing basis to get a better return for the day rate paid (in most (but not all cases) the day…
Down time (for example on a drilling rig) - aim is to reduce this as much as possible on an ongoing basis to get a better return for the day rate paid (in most (but not all cases) the day rate is paid irrespective of whether or not a rig is productive)
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