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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

Stock Hole

Industry

A pre-drilled or existing borehole kept in reserve for future use on a wellsite. Subcontractors may be mobilised to maintain or re-enter stock holes with little advance notice. Knowing a site has stock holes helps crews plan equipment and standby requirements.

NOC (National Oil Company)

Industry

A state-owned oil producer that controls exploration and production within its country. NOCs often require local content compliance, affecting subcontractor hiring and procurement. Payment cycles and approval chains can be longer than with private operators.

Well Testing

Industry

A series of controlled flow and pressure measurements performed on a newly drilled or existing well to evaluate its production potential and reservoir characteristics; for subcontractors, this work often involves deploying and operating specialised equipment such as separators, flowback units, and data acquisition systems under tightly scheduled, high-priority conditions.

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.

Refinery Throughput

Industry

The volume of crude oil a refinery processes over a set period, typically measured in barrels per day. Higher throughput means more maintenance, turnaround, and inspection work for subcontractors. Expect busier scopes and tighter schedules when a client ramps up processing capacity.

Construction Manager At Risk

Industry

A delivery model where a construction manager guarantees a maximum project cost and takes on financial risk if it's exceeded. Subcontractors are hired by the CM, not the owner, making the CM your direct client and contract holder. Your scope, payments, and change orders all flow through the CM.

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