The ongoing tracking of equipment health using sensors, vibration analysis, or fluid sampling to detect faults early. Subcontractors may be hired specifically to perform these checks or provide monitored assets. It helps prevent costly breakdowns and supports predictive maintenance schedules on site.
Condition Monitoring
Related Terms
Remote-Site Services
IndustryWork performed at isolated locations far from urban centres, such as camps, wellsites, or pipeline corridors. Subcontractors must self-manage logistics, including equipment, consumables, and crew rotations. Mobilisation costs and travel time significantly affect how contracts should be priced.
Retrieval System
IndustryA retrieval system is a method or tool used to recover equipment, tools, or materials from a wellbore or work site. Subcontractors may be responsible for operating or maintaining retrieval systems during fishing jobs or abandonments. Proper handling affects both project timelines and liability.
Steam Circulation
IndustryA process where steam is pumped through wellbore tubing to heat and mobilise heavy oil or bitumen. Subcontractors are often engaged for equipment operation, line connections, and monitoring during circulation cycles. Scope can expand quickly, so confirm change-order terms before mobilising.
Baseload Power
IndustryThe minimum level of electrical power a facility requires continuously, regardless of time of day or season. For subcontractors, it determines generator sizing and fuel planning on remote or off-grid job sites. Steady baseload demand also helps forecast equipment runtime and maintenance schedules.
Plugged and Abandoned
IndustryA well that has been permanently sealed with cement and decommissioned. For subcontractors, P&A work is a distinct scope involving abandonment crews, specialised equipment, and regulatory sign-off. Invoicing and mobilisation terms should be confirmed before work begins, as these projects are often time-sensitive.
Megafab
IndustryA large-scale modular fabrication project where major facility components are built offsite and shipped for final assembly. For subcontractors, megafabs mean long-duration scopes, high crew volumes, and complex multi-trade coordination. Scheduling and mobilisation demands are typically intense.
Latest Industry News
Manufacturers Plan Nearly $2B in US Facility Investments This Fall
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Venture Global signed a 20-year LNG supply deal with China Gas as its Plaquemines and CP2 projects clear regulatory and equipment milestones, signaling sustained Gulf Coast construction demand.
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Wood secured a five-year, $200 million construction services contract from ExxonMobil PNG covering brownfield work across the PNG LNG project's gas plants, pipelines, and well pads.
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