Definition of "operatorship" [operatorship]

• The office of an operator (noun)
• The right to operate an oil well (noun)

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• "BP, the oil company that leased the Deepwater Horizon rig, ceded its operatorship in Tubular Bells to Hess last year as it raised money to pay for spill-related costs."
• "Shell is still in the process of selling stakes in its other onshore licenses in Nigeria, though delays have reportedly arisen because some potential buyers have expressed concern about whether they will be able to take full operatorship of the blocks."
• "Citing two people aware of the matter, the newspaper said that, along with acquiring a minority stake, Kideco is also seeking the mine development operatorship of the project."