The formal handover point where ownership or responsibility for a measured quantity of oil, gas, or other product moves from one party to another — typically triggering billing, invoicing, or contractual obligations for subcontractors involved in metering, transport, or handling operations. Field service crews working custody transfer points must ensure measurements are accurate and fully documented, as discrepancies can directly affect client invoices and liability.
Custody Transfer
Related Terms
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.
Spring Break-Up
IndustryThe seasonal period when melting snow and frost causes ground conditions to soften, restricting heavy equipment access to remote sites. Municipalities impose road bans limiting load weights, delaying material hauls and crew mobilisation. Subcontractors should plan for project slowdowns and reduced billable hours during this window.
Debottleneck
IndustryTo identify and remove constraints limiting throughput or efficiency on a project or facility. For subcontractors, this often means mobilising additional crews or equipment to clear backlogs. Work is typically urgent and can command premium rates.
Cavern Storage
IndustryUnderground storage facilities carved out of salt formations or rock, used to hold large volumes of natural gas, crude oil, or other hydrocarbons. Subcontractors handle construction, maintenance, inspection, and integrity testing at these sites, often needing confined-space and geotechnical certifications. Injection and withdrawal seasons create predictable maintenance windows, helping field service companies plan mobilisation.
CSG (Casing)
IndustrySteel pipe installed in a wellbore to provide structural integrity and prevent contamination between different geological formations, requiring specialized installation and cementing services that subcontractors frequently provide during drilling operations.
Midstream
IndustryThe segment of the oil and gas industry involved in processing, storing, and transporting oil, gas, and NGLs. Includes pipelines, gathering systems, and processing plants.
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