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IndustryGlossary Term

EOR (Enhanced Oil Recovery)

A set of advanced extraction techniques—such as steam injection, chemical flooding, or CO2 injection—used to pull additional crude from mature or low-yield reservoirs, which drives demand for specialised field service crews, equipment operators, and maintenance contractors on long-term site assignments.

Related Terms

Dredging

Industry

The mechanical excavation and removal of sediment, rock, or debris from riverbeds, harbours, or pipeline corridors using specialised equipment. Subcontractors are often engaged for site preparation, spoil disposal, and environmental compliance support. Scopes can range from small trenching jobs to large marine infrastructure projects.

Pad Drilling

Industry

A method where multiple wells are drilled from a single surface location, or pad. For subcontractors, this means sustained, back-to-back work cycles with minimal rig-up and tear-down time. Efficient mobilisation and crew scheduling are critical to maintaining productivity across the pad.

LOI (Letter of Intent)

Industry

A written commitment from a client indicating they plan to award a subcontractor a contract. It allows work or mobilisation to begin before the formal contract is signed. LOIs are not always legally binding, so subcontractors should clarify payment obligations before proceeding.

CAPEX (Capital Expenditure)

Industry

Funds an operator spends on major assets like wells, pipelines, or facilities. High CAPEX cycles mean more subcontract opportunities for field crews and equipment providers. Low CAPEX periods often signal slower work volumes and tighter bid competition.

LWD (Logging While Drilling)

Industry

A drilling technique that collects formation data in real time as the bit advances. Subcontractors providing LWD services operate specialised downhole tools that transmit data to surface during the drill run. Mobilisation windows are tight, so crews and equipment must be ready on short notice.

Injection Well

Industry

A 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.

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