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lease automatic custody transfer |
Also found in: Acronyms | 0.07 sec. |
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lease automatic custody transfer [′lēs ¦ȯd·ə¦mad·ik ′kəs·tə·dē ‚trans·fər] (petroleum engineering) Automatic unattended system to receive and record oil produced from a drilling lease, then to transfer the contents to a pipeline. Abbreviated LACT. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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