Hydrocarbons discovered but not yet approved for development due to technical or commercial barriers. For subcontractors, these projects exist in planning stages but carry no guaranteed work orders. Mobilisation timelines remain uncertain until operator sanction is confirmed.
Contingent Resources
Related Terms
Trade Contractor
IndustryA specialised subcontractor hired to perform a specific skilled trade, such as electrical, welding, or pipefitting. They are typically engaged by a general contractor rather than the project owner directly. Trade contractors are responsible for supplying their own tools, crew, and trade-specific certifications.
Derivative Goods
IndustryProducts created by processing or transforming raw materials supplied under a contract, such as fabricated components or treated fluids. Subcontractors must clarify ownership rights over derivative goods before work begins. Contracts often assign these rights to the prime contractor or client by default.
Umbilicals, Risers, and Flowlines
IndustryCollectively referred to as URF, these are the subsea infrastructure components that connect wellheads to production facilities — umbilicals carry control fluids and signals, risers bring production to surface, and flowlines move product along the seabed — subcontractors are commonly engaged for their installation, inspection, maintenance, and integrity management work. Understanding the distinctions between these systems helps field crews accurately scope work orders, apply correct certifications, and bill against the right line items in offshore or subsea contracts.
Design-Build
IndustryA project delivery method where one contractor handles both engineering design and construction under a single contract. As a subcontractor, you may be brought in mid-scope with limited drawing sets, requiring flexibility. Scope creep risk is higher since designs are still evolving while field work begins.
Letter of Interest
IndustryA formal document a subcontractor submits to a prime contractor or operator to express intent to bid on upcoming work. It is not a binding commitment, but helps secure a spot in the tender process. Common in pre-qualification stages for large oilfield or construction scopes.
Major Projects Office (mpo)
IndustryA centralised owner or operator division that oversees large-scale capital projects and manages contractor relationships. Subcontractors typically submit bids, invoices, and compliance documents through the MPO rather than individual site teams. Knowing your MPO contact streamlines approvals, change orders, and payment processing.
Latest Industry News
Crescent Keeps Devon's Eagle Ford Rig Pace in $4.2B Cash Deal
Crescent Energy will buy Devon's Eagle Ford assets for about $4.2 billion and hold activity near the current 2-3-rig pace. The company targets $140 million in annual synergies by the end of 2027.
11 hours agoIndustryDoral Brings 900 MW of Indiana's Mammoth Solar Online After Peak Build
Three phases of Doral Renewables' Mammoth Solar Project in Pulaski County, Indiana, totaling 900 MWAC, are nearing commercial operation. Construction peaked at about 1,800 workers, so subs should focus on closeout, billing and operations work.
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Anduril plans a 2-million-sq-ft submarine-component complex at Sparrows Point, Md., with groundbreaking targeted for early 2027. No general contractor or bid packages have been announced, and the construction budget is undisclosed.
yesterdayIndustryArizona's Project Sterling Starts Building 509-MW Solar, 1.4-GWh BESS
ContourGlobal has begun construction on Project Sterling in Mohave County, Arizona, a 509-MW solar and 1.4-GWh storage site with a Tesla PPA. Local crews are on civil, road and logistics work.
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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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