The phase of oil and gas well development after drilling is finished, encompassing the work required to prepare a well for production — including perforating, fracturing, and installing wellhead equipment. For subcontractors, completions represent a concentrated burst of high-demand field work where specialised crews, equipment, and services are mobilised under tight timelines.
Completions
Related Terms
FFS (Fitness-for-service)
IndustryA structured engineering assessment that determines whether ageing or damaged equipment is safe to keep operating. Subcontractors are often hired to collect inspection data, run integrity tests, or execute repairs recommended by FFS evaluations. Understanding FFS scope helps field crews prioritise work orders and meet client fitness thresholds before returning assets to service.
VLCC (Very Large Crude Carrier)
IndustryA massive oil tanker capable of carrying up to two million barrels of crude. Subcontractors providing marine maintenance, inspection, or coating services may be mobilised to service VLCCs at port or in dry dock. These vessels require specialised certifications and safety compliance for anyone working aboard.
Production Shut-in
IndustryA temporary halt to oil or gas production at a well or facility, ordered by the operator. For subcontractors, this often means suspended work orders and delayed revenue until operations resume. Standby rates and demobilisation terms in your contract become critical during a shut-in.
Lease Sale
IndustryA government auction where energy companies bid for the right to explore and develop specific land or offshore blocks. Winning bids signal upcoming exploration activity, which often leads to new work opportunities for field service subcontractors. Tracking lease sales helps companies anticipate demand and position crews and equipment accordingly.
500-Kv Transmission Line
IndustryA high-voltage power line carrying 500 kilovolts, typically built to move bulk electricity across long distances. Subcontractors on these projects must hold specialised high-voltage certifications and follow strict safety exclusion zones. Work scopes often include tower erection, conductor stringing, and ground grid installation.
Shallow-Water
IndustryOffshore operating zones typically under 500 feet of water depth. For subcontractors, these sites use jack-up rigs and barges rather than deepwater vessels. Crew access, equipment requirements, and mobilisation costs differ significantly from deepwater scopes.
Latest Industry News
Mi4's RigReports Brings Drilling, Completions and Workover Data onto One Platform
Mi4's cloud-based RigReports application centralizes daily drilling reports, completions, workover and facility job data in a single platform, aiming to cut administrative overhead for operators.
5 months agoIndustryFreshet Systems Launches 30,000 m³ Modular Frac Water Storage Tank Targeting Modern Completions Scale
Alberta startup Freshet Systems has introduced a modular above-ground water storage system capable of 20,000 to 50,000 m³, designed to bridge the gap between small temporary tanks and costly permanent reservoirs in hydraulic fracturing operations.
3 months agoIndustryRecord-Low DUC Backlog Signals New Drilling, Not Completions, Will Drive Shale Output
U.S. shale producers are sitting on a record-low inventory of drilled-but-uncompleted wells, limiting their ability to quickly ramp output as exports and refinery demand surge.
3 months agoIndustryTalos Energy advances Gulf of Mexico drilling with new well completions and appraisal plans
Talos Energy drilled the CPN well in Q1 2026 with production expected in H2 2026, while planning a Daenerys appraisal well for Q2 2026 in the US Gulf of Mexico.
6 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.
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