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Glossary
B
Glossary
Acronyms
 
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B
Basic Set (Basic Data) Licence Data which the Secretary of State is entitled to publish in accordance with the provisions of the Model Clauses.
Block A North Sea acreage sub-division measuring approximately 10 x 20 kms, forming part of a quadrant. e.g. Block 9/13 is the 13th block in Quadrant 9.
Borehole The hole as drilled by the drill bit.
Business Day A normal work day. This definition excludes Saturdays, Sundays, Good Friday, Christmas Day or a bank holiday in England and Wales pursuant to the provisions of the Banking and Financial Dealings Act 1971.