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
Petrophysical Analysis
IndustryThe evaluation of reservoir rock and fluid properties using well log data and core samples. Results determine whether a well is worth completing, directly affecting drilling programme scope and subcontractor workload. Field crews support this work through wireline logging, coring, and fluid sampling operations.
Casing Program
IndustryA well design plan specifying the size, depth, and sequence of steel pipe (casing) run into a wellbore. For subcontractors, it dictates crew scheduling, equipment requirements, and service timing. Understanding it helps you anticipate your scope and mobilisation windows.
Geothermal Leasing
IndustryA government-issued agreement granting rights to develop heat energy from underground resources on a specific land parcel. For subcontractors, these leases define where drilling, piping, and surface work can legally occur. Active leases signal steady long-term project work, particularly in western Canada.
Radial Telescopic Conveyor
IndustryA mobile conveyor system that extends in length and swings in an arc to stockpile bulk materials across a wide area. Commonly used on pipeline, mining, and civil construction sites for aggregate, gravel, or spoil management. Subcontractors operating this equipment typically require certified operators and may be responsible for setup, teardown, and repositioning.
Cold Milling
IndustryA surface removal process where a rotating drum grinds down asphalt or concrete without heat. Subcontractors use it for road rehabilitation, pad preparation, and surface levelling on well sites or construction projects. Reclaimed material is often reused, reducing disposal costs.
Acreage Position
IndustryThe total land or mineral rights an operator holds for exploration or production. A large acreage position often signals sustained work programmes and long-term subcontractor demand. It helps field service companies forecast pipeline opportunities in a region.
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