OPERATORSHIP Meaning and
Definition
-
Operatorship refers to the role or position of being the primary operator or controller in a specific industry or field, particularly in the context of energy exploration and production. It specifically relates to the responsibilities and tasks undertaken by an operator who manages and oversees the operations and activities of a particular project or venture.
In the realm of oil and gas exploration, for example, operatorship entails assuming the central role in planning, organizing, and executing the various stages of exploration, drilling, production, and maintenance. The operator acts as a key decision-maker, responsible for coordinating the different aspects of the project, such as managing personnel, equipment, technical operations, safety protocols, and regulatory compliance.
The concept of operatorship extends beyond the energy sector and into various domains where a party assumes control and direction in carrying out certain activities. For instance, in the telecommunications industry, operatorship refers to the management and maintenance of a telecommunications network by the designated operator company.
Operatorship is typically associated with a level of expertise, licensing, and regulatory requirements. It requires a comprehensive understanding of the technical aspects and industry standards relevant to the specific operation. Accordingly, operatorship often involves collaboration with other stakeholders, such as government agencies, investors, subcontractors, and partners, to ensure the successful execution of projects while complying with legal and industry standards.
Overall, operatorship refers to the responsibility and authority bestowed upon an individual or entity to lead, manage, and execute the operational aspects of a specific project, venture, or industry.
Etymology of OPERATORSHIP
The etymology of the word "operatorship" is a combination of the word "operator" and the suffix "-ship".
"Operator" derives from the Latin word "operari" meaning "to work", which developed into the Latin noun "operator" meaning "worker" or "doer". It entered English in the early 17th century with the same meaning. Over time, the term expanded to refer to individuals or organizations responsible for operating machinery, systems, or processes.
The suffix "-ship" in English is derived from the Old English noun suffix "-scipe" or "-sciep", meaning "condition" or "state". It later evolved to denote an "office" or "position" held by a person. This suffix is often used to create nouns indicating a relationship, role, or status associated with a root word.
