FieldNews
Subscribe

Daily oil & gas and construction news for subcontractors

IndustryGlossary Term

Decommissioning

The process of safely shutting down and dismantling oil and gas infrastructure at end-of-life. For subcontractors, it generates significant work in removal, remediation, and site restoration. Scopes often include demolition, equipment salvage, and regulatory closeout tasks.

Related Terms

Natural Decline Rate

Industry

The rate at which a well's production drops over time without operator intervention. For subcontractors, this signals reduced worksite activity and fewer service calls as output falls. Anticipating decline helps crews and companies plan for shifting demand across a field.

COR (Certificate of Recognition)

Industry

A voluntary safety certification program in Canada that recognizes employers who have developed health and safety management systems that meet established standards. Required by many operators in Alberta and Western Canada.

Midstream

Industry

The segment of the oil and gas industry involved in processing, storing, and transporting oil, gas, and NGLs. Includes pipelines, gathering systems, and processing plants.

BOEPD (Barrels of Oil Equivalent Per Day)

Industry

A standardised measure combining oil, gas, and NGL output into a single daily production figure. Operators use it to size contracts and scope field service requirements. Higher BOEPD targets typically mean more crews, equipment, and sustained subcontractor workload.

Feedgas

Industry

Raw natural gas supplied to a processing plant or facility for treatment and conditioning. Feedgas volumes and composition directly affect how long subcontractors are mobilised on-site. Changes to feedgas quality can trigger scope adjustments and additional service orders.

Antifriction Bearing

Industry

A bearing that uses rolling elements — balls or rollers — to reduce friction between moving parts. Common in pumps, motors, and rotating equipment on job sites. Subcontractors should inspect and replace these during scheduled maintenance to avoid unplanned downtime.

Stay sharp on field operations

Industry news and insights, delivered to your inbox.

Subscribe to FieldNews
A community project byAimsio