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Industry Glossary Term

Deepwater Export Terminal

An offshore facility in deep water where oil or gas is transferred from production infrastructure to tankers or pipelines for transport. For subcontractors, these sites require specialised marine certifications and offshore safety training. Mobilisation costs are high, so confirm day-rate structures and expense recovery terms before committing crews.

Related Terms

Phase Gate

Industry

A formal approval checkpoint where a project must meet defined criteria before work advances to the next stage. Subcontractors often cannot mobilise, invoice, or begin new scope until the client clears each gate. Delays at phase gates directly impact crew scheduling and cash flow.

Heavy Civil

Industry

Large-scale infrastructure construction involving earthworks, bridges, roads, and foundations. Subcontractors in this sector typically supply specialised equipment, civil crews, or concrete services. Contracts are often high-value but require significant bonding and insurance capacity.

SMR (Small Modular Reactor)

Industry

A compact, factory-built nuclear power unit used to generate on-site electricity for remote industrial facilities and resource projects. For subcontractors, SMR sites represent emerging work in civil, electrical, and mechanical trades. Expect strict federal nuclear safety compliance requirements affecting worker certifications and site access.

Proactive Maintenance

Industry

Scheduled inspections and repairs performed before equipment fails, reducing costly downtime on job sites. Subcontractors who offer proactive maintenance services can secure longer-term service agreements with operators. It also helps avoid liability tied to unexpected breakdowns during active contracts.

DUC (Drilled-but-uncompleted Well)

Industry

A well that has been drilled but is awaiting completion work such as fracturing, perforating, or production tie-in. Operators stockpile DUCs when commodity prices are low, then activate them when prices recover. For subcontractors, a large DUC inventory signals upcoming bursts of completion and surface work.

Geothermal Leasing

Industry

A 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.

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