FieldNews
Subscribe

Daily oil & gas and construction news for subcontractors

IndustryGlossary Term

Artificial Lift

A system used to boost production from oil wells that lack sufficient natural pressure to bring fluids to surface. Common methods include rod pumps, ESPs (Electric Submersible Pumps), and gas lift. Subcontractors are often mobilised to install, service, or troubleshoot these systems throughout a well's producing life.

Related Terms

Instrumentation

Industry

The installation, calibration, and maintenance of measurement and control devices such as gauges, transmitters, and sensors. Subcontractors are often scoped specifically for instrumentation work, requiring certified trades and precise documentation. It is a common standalone discipline on large oil and gas and industrial construction projects.

JV (Joint Venture)

Industry

A formal business arrangement where two or more companies partner to pursue a specific project or contract, which can affect subcontractors by changing who issues purchase orders, approves invoices, or holds liability on site. Field service companies should confirm early which JV partner is the contracting entity to avoid payment delays or scope disputes.

Force Majeure

Industry

A contract clause that excuses a party from performing obligations due to extraordinary events beyond their control, such as natural disasters or pandemics. For subcontractors, it can mean suspended work orders without compensation. Always review how your prime contract defines triggering events before signing.

Capital Discipline

Industry

When operators strictly control spending and delay or cancel projects to protect their balance sheets. For subcontractors, this means fewer awarded contracts, reduced scopes, and tighter bid competition. Expect slower mobilisation timelines and more rigorous cost justification from clients.

Subcontractor

Industry

A company hired by a general contractor or directly by an operator to perform a specific portion of work. Subcontractors often specialize in particular services or trades.

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).

Stay sharp on field operations

Industry news and insights, delivered to your inbox.

Subscribe to FieldNews
A community project byAimsio