Refers to offshore oil and gas operations conducted in water depths exceeding 300 metres, where subcontractors and field service crews must hold specialised certifications, work within stricter regulatory frameworks, and often face extended mobilisation timelines and higher equipment day-rates.
Deepwater
Related Terms
High-Impact Well
IndustryA well with significant technical complexity, cost, or strategic value to the operator. For subcontractors, these projects typically involve stricter oversight, specialised equipment, and higher performance expectations. Mobilisation windows and crew qualifications are often scrutinised more closely.
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.
Cold-Milling
IndustryA pavement removal process where a rotating drum grinds away asphalt or concrete surfaces without heat. Subcontractors use it for road rehabilitation, site prep, and surface levelling on construction and industrial projects. Milled material is typically recycled or hauled off-site by the crew.
COR (Certificate of Recognition)
IndustryA 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.
Injection Well
IndustryA well used to pump fluids — such as water, CO2, or chemicals — into a subsurface formation for disposal or enhanced recovery. Subcontractors are commonly hired for drilling, wellbore servicing, and chemical injection work on these sites. Scope can include pump maintenance, pressure testing, and regulatory compliance support.
RAP (Reclaimed Asphalt Pavement)
IndustryMilled or crushed material salvaged from existing asphalt surfaces during road removal or rehabilitation work. Subcontractors reuse RAP as base material or blend it into new asphalt mixes, reducing material costs. Proper handling and testing requirements may apply depending on project specs.
Latest Industry News
Wood Mackenzie Flags 300-Billion-Barrel Supply Gap, Majors Ramp Up Deepwater Exploration
New analysis from Wood Mackenzie warns of a significant oil supply shortfall by 2050, prompting major operators to increase high-impact deepwater exploration spending.
10 days ago IndustrySLB OneSubsea Lands HPHT Subsea Boosting Contract for Deepwater Shenandoah Field
SLB's OneSubsea joint venture has been awarded a contract by Beacon Offshore Energy to supply an HPHT multiphase boosting system for the Shenandoah deepwater field in the Gulf of Mexico, signaling continued operator investment in advanced subsea infrastructure.
24 days ago IndustrySaipem's FlatFish Autonomous Drone Clears Final Testing, Heads to Deepwater Deployment
Saipem's FlatFish underwater inspection drone passed Functional Acceptance Tests with Petrobras and is now approved for deployment in Brazil's ultra-deepwater fields, signaling a shift in how subsea inspection work gets done.
1 month ago IndustryEni Plans 23-Well Deepwater Campaign Offshore Indonesia
Eni is launching a 23-well offshore drilling program in Indonesia's Kutei basin, targeting two deepwater gas hub developments in East Kalimantan. The campaign spans water depths up to 2,000 meters across both a South Hub and North Hub project area.
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How Operator Mergers and Acquisitions Affect Your Subcontract Agreements
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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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