FieldNews
Subscribe
Compliance Glossary Term

Api Rp 585 (american Petroleum Institute Recommended Practice 585)

A standard governing process safety incident investigation in upstream oil and gas operations. Subcontractors may be required to follow its protocols when involved in a reportable incident on site. Familiarity with it helps field crews meet operator expectations during investigations.

Related Terms

ITP (Inspection Test Plan)

Compliance

A document outlining required inspections, tests, and quality checks at specific project milestones. Subcontractors must follow the ITP to prove work meets client and regulatory standards. Hold points in the plan require client sign-off before work can continue.

Equivalency Agreement

Compliance

A formal arrangement where two jurisdictions recognise each other's safety training or certifications as mutually acceptable. For subcontractors, this means workers certified in one province or region can mobilise to another without repeating training. It reduces downtime and credentialing costs when moving crews across borders.

Carbon Pricing

Compliance

A government-imposed cost on greenhouse gas emissions, typically applied per tonne of CO2 equivalent. Subcontractors may face carbon charges on fuel, equipment operation, and fleet usage. These costs can affect project bids and operating margins if not factored into quotes.

RIGI (Régimen De Incentivo Para Grandes Inversiones)

Compliance

Argentina's large-investment incentive regime offering tax, customs, and currency stability benefits to qualifying mega-projects over USD $200 million. Subcontractors working under RIGI-registered operators may benefit from faster payment cycles and reduced import duties on equipment. Understanding RIGI status helps field service companies anticipate project timelines and negotiate contract terms.

Sanctions Compliance

Compliance

The process of ensuring your company does not do business with individuals, entities, or countries under government-imposed trade restrictions. Subcontractors must screen clients, vendors, and partners against sanctions lists before signing contracts. Non-compliance can result in heavy fines, contract termination, or criminal liability.

FERC (Federal Energy Regulatory Commission)

Compliance

The U.S. federal body that regulates interstate energy infrastructure, including pipelines and transmission lines. Projects requiring FERC approval often have strict compliance timelines that affect subcontractor scheduling and scope. Work on FERC-regulated assets may require additional permitting and documentation.

Stay sharp on field operations

Industry news and insights, delivered to your inbox.

Subscribe to FieldNews
A community project by Aimsio