An exploration well drilled in a previously untested or undeveloped area to assess its resource potential. For subcontractors, these projects often mean remote mobilisation, longer contracts, and premium rates. Expect limited local infrastructure and higher logistical complexity.
Basin Opener
Related Terms
FLNG (Floating Lng Unit)
IndustryAn offshore vessel that processes, liquefies, and stores natural gas at sea without a fixed onshore plant. Subcontractors work aboard these units for commissioning, maintenance, and inspection scopes. Access is offshore, so mob costs, safety certifications, and logistics are major bid considerations.
Pipeline Tie-in
IndustryA pipeline tie-in is the physical connection of a new pipeline section to an existing live system. For subcontractors, tie-in work often requires hot-tap certified crews and strict isolation procedures. Scheduling is critical, as tie-ins typically involve planned shutdowns with tight production windows.
Feedstock
IndustryRaw material fed into a processing facility, such as crude oil, bitumen, or natural gas. Subcontractors often support feedstock handling through pipeline work, tank maintenance, and material transfer operations.
Upstream
IndustryThe segment of the oil and gas industry involved in exploration and production (E&P). Includes drilling, completions, and well operations.
STEO (Short-term Energy Outlook)
IndustryA monthly U.S. Energy Information Administration report forecasting near-term oil, gas, and energy prices. Subcontractors use it to anticipate upstream spending trends and project demand for field services. Shifts in STEO forecasts often signal whether operators will ramp up or cut back work programmes.
Feasibility Study
IndustryA pre-project assessment that evaluates whether a scope of work is technically and financially viable. For subcontractors, it signals early-stage work that may lead to awarded contracts. Participating in feasibility work can position your company for the larger project bid.
Latest Industry News
220-Foot Steel Span Hoisted Into Place on $140M Mississippi River Bridge Rebuild
Kraemer North America completed a 12-hour strand jack lift of a 1.8-million-lb steel center span on the Lansing Bridge reconstruction, a key milestone on the $140M Iowa-Wisconsin crossing project.
20 hours ago IndustryAlberta Oil Sands H1 2026 Report Card: Production Near Records, Capex Slips, Exports Surge
Alberta averaged 4.2 million bbl/day through April 2026, export records were set in March, and oil prices swung sharply on Iran peace talks. Here's what the mid-year numbers mean for field services heading into H2.
20 hours ago IndustryBC Terminates $3B Fraser River Tunnel Contract and Re-bids Under New Model
British Columbia has terminated its progressive design-build contract with Cross Fraser Partnership and will re-bid the Fraser River Tunnel project using a multi-package procurement approach to attract more competition.
20 hours ago IndustryConstruction Jobsite Break-Ins Up 50% in 2025, and Rising
TrueLook's 2026 security report shows confirmed jobsite break-ins jumped 50% last year, with early 2026 data suggesting the trend is accelerating. Subcontractors should review site security and factor theft risk into project overhead.
20 hours agoRelated Guides
How Operator Mergers and Acquisitions Affect Your Subcontract Agreements
When operators merge, get acquired, or sell assets, subcontractor agreements are caught in the middle. Learn how M&A activity affects your MSA, payment terms, vendor status, and what to do before, during, and after a deal closes.
Industry GuideHow Rig Count Trends Affect Subcontractor Demand and What to Do About It
Rig counts are the earliest signal of where field service work is heading. Learn how to read drilling activity trends, anticipate demand shifts, and position your crew before the phone stops ringing.
Industry GuideWhat Is an AFE in Oil and Gas and How Does It Affect Subcontractor Payments?
An AFE (Authorization for Expenditure) controls every dollar spent on an oilfield project. Learn how it affects your billing, change orders, and cash flow as a subcontractor.
Stay sharp on field operations
Industry news and insights, delivered to your inbox.
Subscribe to FieldNews