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Glossary of Industry Terms

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Jackknife or Folding Mast

A mast on a drilling rig that can be folded for moving. A standard derrick has to be completely dismantled and re-erected.

Joint Implementation

A cooperative approach to reducing global greenhouse gas emissions. A country receives credit for supporting emissions reductions in other areas of the world. It may involve planting trees or replacing inefficient power generation facilities in developing countries.