FieldNews
Subscribe

Daily oil & gas and construction news for subcontractors

IndustryGlossary Term

Acreage

A block of land held under lease by an operator for exploration or production activity. For subcontractors, active acreage signals where drilling, completions, or facility work is likely to be awarded. Larger acreage positions often mean longer-term, repeat work opportunities in a region.

Related Terms

Marine Foundation

Industry

A structural base system that anchors offshore platforms, wind turbines, or subsea equipment to the seabed. Subcontractors may support installation, inspection, or repair work on pile-driven, gravity-based, or suction caisson foundations. Scope can include diving services, grouting, and non-destructive testing.

Deepwater

Industry

Refers to offshore oil and gas operations conducted in water depths exceeding 300 metres, where subcontractors and field service crews must hold specialised certifications, work within stricter regulatory frameworks, and often face extended mobilisation timelines and higher equipment day-rates.

Oilsands

Industry

Bitumen-rich deposits in northern Alberta requiring large-scale extraction and upgrading operations. For subcontractors, oilsands projects involve extended scopes, remote site conditions, and strict client safety programmes. Work is typically tied to major operators like Suncor, CNRL, or Imperial Oil.

Service Company

Industry

A company that provides specialized services to oil and gas operators, such as drilling, completions, workover, transportation, or maintenance. Also called oilfield services (OFS).

Run Schedule

Industry

A timeline that outlines when specific tools, equipment, or crews are deployed downhole or on-site during an operation, dictating when a subcontractor's services are required and for how long. For field service companies, the run schedule directly determines mobilisation timing, crew rotations, and invoiceable hours on location.

Trenchless

Industry

A method of installing or repairing underground pipelines and conduits without open excavation. Techniques include horizontal directional drilling (HDD) and pipe bursting. Subcontractors working trenchless scopes need specialised equipment and certified operators.

Stay sharp on field operations

Industry news and insights, delivered to your inbox.

Subscribe to FieldNews
A community project byAimsio