FieldNews
Subscribe

Daily oil & gas and construction news for subcontractors

IndustryGlossary Term

Epc (engineering, Procurement, and Construction) Contractor

A company hired to deliver a project from design through build, acting as the main contractor above subcontractors. As a subcontractor, your client and contract holder is typically the EPC, not the asset owner. They control scope, scheduling, and invoice approval on site.

Related Terms

Integrity Testing

Industry

Pressure or leak testing performed on pipelines, vessels, or equipment to confirm structural soundness before operations begin. Subcontractors are often scoped specifically for this work as a standalone service. Clients may require certified personnel and documented results before approving system start-up.

SPE (Society of Petroleum Engineers)

Industry

A global professional organisation that publishes technical standards, research, and best practices used across the oil and gas industry. Subcontractors may reference SPE papers and guidelines to meet operator technical requirements or bid on specialised work.

Artificial Lift

Industry

A system used to boost production from oil wells that lack sufficient natural pressure to bring fluids to surface. Common methods include rod pumps, ESPs (Electric Submersible Pumps), and gas lift. Subcontractors are often mobilised to install, service, or troubleshoot these systems throughout a well's producing life.

Deepwater

Industry

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.

Spud Date

Industry

The date when drilling begins on a new well. Marks the start of drilling operations.

E&P (Exploration and Production)

Industry

The upstream segment of the oil and gas industry covering the search for and extraction of hydrocarbons, representing the primary client base that hires field service subcontractors for drilling, completions, well servicing, and site construction work. Understanding whether a client operates in E&P helps subcontractors anticipate project cycles, budget timing, and the boom-and-bust demand patterns that directly affect contract volumes and payment schedules.

Stay sharp on field operations

Industry news and insights, delivered to your inbox.

Subscribe to FieldNews
A community project byAimsio