The IADC Lexicon is an oil and gas dictionary of upstream-related terms, which, unlike conventional glossaries, are official definitions drawn from legislation, regulation and regulatory guidance, standards (global, national and regional), IADC guidelines, and Well Control Institute. Terms often have multiple definitions from different sources.
This December’s Featured Term is:
“ICAF” Source: NOPSEMA Guidance Note: ALARP, N-04300-GN0166, Australia, Revision 4, December 2012. Regulatory Guidance.
Implied Cost of Averting a statistical Fatality.