A measure of how much oil a well or facility produces daily. Operators use Bbl/d targets to schedule field service crews and equipment. Higher Bbl/d often means more maintenance contracts and longer mobilisation windows for subcontractors.
Bbl/d (barrels Per Day)
Related Terms
Strand Jack
IndustryA hydraulic lifting device that grips steel strand cables to raise or lower extremely heavy loads incrementally. Subcontractors use strand jacks for heavy lifts on modules, bridges, and offshore structures. They are often mobilised by specialised rigging crews under a separate lifting subcontract.
Topside Fabrication
IndustryThe construction and assembly of the above-water structures on offshore platforms, including decks, modules, and processing equipment, where subcontractors are typically engaged for specialised trades such as structural welding, pipefitting, electrical, and instrumentation work. For field service companies, topside scopes often involve strict offshore safety certifications, remote logistics, and milestone-based billing tied to fabrication progress.
ESP (Electric Submersible Pump)
IndustryA downhole pump system installed inside a wellbore to lift fluids to surface when natural reservoir pressure is insufficient. Subcontractors are commonly engaged for ESP installation, pulling, and maintenance work. Specialised lifting equipment and electrical certifications are typically required on these jobs.
Exploration Well
IndustryA well drilled in an unproven or lightly tested area to determine whether hydrocarbons are present, often representing shorter-term, high-mobilisation contracts for subcontractors with less predictable follow-on work than development drilling programmes.
Long-Cycle Project
IndustryA major capital project with a development timeline spanning several years, such as an LNG (Liquefied Natural Gas) facility or oilsands expansion. For subcontractors, these projects can offer extended contract opportunities but require careful cash-flow planning. Mobilisation costs and payment schedules must be negotiated carefully, as revenue is spread over a long horizon.
Carbon Capture
IndustryThe process of collecting and storing CO2 emissions from industrial sites before they reach the atmosphere. For subcontractors, it means growing work opportunities in facility retrofits, pipeline installation, and compression equipment servicing. Familiarity with CCS (Carbon Capture and Storage) infrastructure is increasingly expected on energy transition projects.
Latest Industry News
ConocoPhillips Brings Coyote 3SX Online in Alaska, Adds 12,000 Bbl/d
ConocoPhillips Alaska started production at the Coyote 3SX project on the North Slope, an $800 million development completed ahead of schedule as part of its roughly $1 billion annual Alaska sustaining investment.
8 days agoIndustryAlberta Energy Minister Confirms Fortune 500 Talks to Finance 1 Million Bbl/d Pacific Pipeline
Alberta's energy minister says a Fortune 500 company has discussed financing and building an entire oil pipeline to Canada's west coast, with construction potentially starting as early as September 2027.
2 months agoIndustryBridger Pipeline Wins Presidential Permit for $2 Billion, 500,000 bbl/d Canada-US Crude Line
President Trump has granted Bridger Pipeline LLC a presidential permit to build a 647-mile crude oil pipeline from Canada through Montana to Wyoming, though federal and state approvals are still required before construction can begin.
3 months agoIndustryAthabasca Oil reports 39,375 boe/d production, plans growth to 60,000 bbl/d by 2030
Canadian oil producer shows strong cash flow and production growth, signaling potential opportunities for thermal oil and Duvernay contractors.
5 months 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
