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IndustryGlossary Term

Fixed Equipment

Stationary assets such as pressure vessels, heat exchangers, and storage tanks that require scheduled inspection, maintenance, or repair. Subcontractors are often mobilised specifically to service fixed equipment during turnarounds or planned shutdowns. Scope is typically defined by inspection reports and regulatory requirements.

Related Terms

Two-Mile Lateral

Industry

A horizontal wellbore section extending approximately two miles (about 3,200 metres) from the vertical portion of the well. For subcontractors, longer laterals mean extended job durations, higher material volumes, and more crew hours on site. Pricing and logistics planning must account for the increased scope compared to standard one-mile laterals.

Custody Transfer

Industry

The formal handover point where ownership or responsibility for a measured quantity of oil, gas, or other product moves from one party to another — typically triggering billing, invoicing, or contractual obligations for subcontractors involved in metering, transport, or handling operations. Field service crews working custody transfer points must ensure measurements are accurate and fully documented, as discrepancies can directly affect client invoices and liability.

Geothermal Brine

Industry

Highly mineralised, hot saltwater extracted from underground geothermal reservoirs during energy production. Subcontractors handling it must follow strict corrosion control and PPE protocols. Disposal and handling are heavily regulated due to its chemical content.

3d Seismic Reprocessing

Industry

The computational reworking of existing 3D seismic survey data to improve subsurface imaging using updated algorithms. For subcontractors, it signals potential new data acquisition contracts as operators reassess drilling targets. It rarely requires field crews but can trigger follow-up geophysical or drilling programmes.

EOR (Enhanced Oil Recovery)

Industry

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.

ISNetworld

Industry

A contractor management platform used by operators to verify that subcontractors meet safety, insurance, and compliance requirements before being allowed to work on sites. Maintaining ISNetworld compliance is essential for subcontractors working with major operators.

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