n. An oilfield term describing time not spent doing the task at hand (drilling, producing, or servicing wells). Lost time typically results in telephone calls, e-mail and paperwork from the FSM.
We had four hours of lost time on the last shift.
by vaeren January 13, 2007
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to do something very fast to compensate for a slow start
After going through the all that We ought to make up for lost time.
by The Return of Light Joker August 02, 2009
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