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Industry Glossary Term

Dry Gas

Natural gas composed almost entirely of methane, with minimal liquid hydrocarbons. Subcontractors working dry gas sites face simpler handling requirements but often leaner margins than wet gas projects. Expect lighter equipment specs and fewer fluid management scopes.

Related Terms

Bentonite

Industry

A natural clay mineral used in drilling fluids to stabilise boreholes and suspend drill cuttings. Subcontractors handling bentonite slurry must follow site-specific mixing and disposal procedures. Improper handling can trigger environmental compliance issues and project delays.

CRA (Corrosion Resistant Alloy)

Industry

Specialised metal used in pipelines and equipment exposed to corrosive fluids like H2S or CO2. Subcontractors must confirm material specs before welding or fabricating, as CRA requires certified procedures and qualified welders. Misidentifying CRA components can cause costly failures and compliance issues.

Cavern Storage

Industry

Underground 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.

Refinery Utilization Rate

Industry

The percentage of a refinery's total processing capacity actively in use at a given time. Higher utilisation rates signal increased demand for maintenance, turnaround, and inspection crews. Subcontractors can use this metric to anticipate workload surges and mobilisation timelines.

Physical Oil Price

Industry

The actual market price paid for real barrels of oil delivered at a specific location, as opposed to futures contract prices. For subcontractors, client budgets and contract award activity closely track physical oil prices. When physical prices drop, project deferrals and rate pressure often follow quickly.

Generation Capacity

Industry

The maximum electrical output a power generation unit can reliably produce, measured in kilowatts or megawatts. For field crews, it determines whether on-site generators can handle equipment loads at remote worksites. Subcontractors must verify capacity before mobilising power-intensive tools or machinery.

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