A continuous steel tube wound on a large reel, deployed downhole for well interventions, cleanouts, and stimulation work. Subcontractors often support CT operations as part of completions or well servicing scopes. Specialised CT crews and equipment typically require separate mobilisation planning and rate structures.
Coiled Tubing
Related Terms
Takeaway Capacity
IndustryThe available pipeline, trucking, or rail infrastructure to move produced oil, gas, or water away from a wellsite or facility. When takeaway capacity is constrained, operators may shut in wells or delay projects, directly reducing field service work volumes. Subcontractors should monitor regional takeaway conditions as they signal upcoming slowdowns or surges in activity.
Retrofit
IndustryUpgrading or modifying existing equipment to meet new specs, safety standards, or operational requirements. Subcontractors are often hired specifically for retrofit scopes on aging infrastructure. Work may require specialised certifications and careful coordination with the client's existing systems.
Hot Shot
IndustryExpedited delivery service for equipment, parts, or materials to remote job sites. Often used for urgent oilfield deliveries.
Downstream
IndustryRefers to the refining, processing, and distribution segment of the oil and gas industry. For subcontractors, downstream work typically involves maintenance and turnarounds at refineries or petrochemical plants. These sites often have stricter safety protocols and certification requirements than upstream operations.
GWD (Getting Work Done)
IndustryA safety and compliance management system used by some operators to pre-qualify and manage contractors working on their sites.
JV (Joint Venture)
IndustryA 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.
Latest Industry News
Ranger Energy Buys STEP's US Coiled Tubing Assets for $27.5M
Ranger Energy Services is acquiring STEP Energy Services' U.S. coiled tubing business for $27.5 million, becoming the second-largest U.S. coiled tubing operator with expanded Permian and Bakken reach, Permian Basin Oil & Gas Magazine reports.
yesterdayIndustryRanger Energy Buys STEP's US Coiled Tubing Fleet for $27.5M
Ranger Energy Services will acquire STEP Energy Services' U.S. coiled tubing assets, including 13 spreads across the Permian and Bakken, making Ranger the second-largest coiled tubing provider in the Lower 48.
13 days agoIndustryCivil Contractors Rack Up Federal Awards as Jacobs Lands $131M OKC Water Deal
Construction Dive's weekly roundup shows Jacobs, Skanska, Brasfield & Gorrie and Granite Construction landing government infrastructure contracts worth over $300 million combined, offering fresh benchmarks for subs pricing similar public works scopes.
13 hours agoIndustrySummit Petroleum Sees Strong Results From U-Turn Laterals in Upton County
Midland-based Summit Petroleum reports an average initial production rate of 1,584 barrels per day from five U-turn lateral wells in Upton County, part of a 10-well plan built around a single section of land.
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Industry GuideHow Rig Count Trends Affect Subcontractor Demand and What to Do About It
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