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IndustryGlossary Term

Gas Sales Precedent Agreement

A conditional agreement between a producer and gas buyer that must be satisfied before a project moves to full development. For subcontractors, it signals that major field mobilisation and long-term work commitments depend on this deal closing. Delays or failed negotiations can stall contracts, procurement, and crew deployment.

Related Terms

Fly-In Community

Industry

A remote work site accessible only by aircraft, with no road access. Subcontractors must factor in charter flight costs, crew scheduling, and extended rotations. Mobilisation logistics and baggage weight limits directly affect tool and equipment planning.

Feasibility Study

Industry

A pre-project assessment that evaluates whether a scope of work is technically and financially viable. For subcontractors, it signals early-stage work that may lead to awarded contracts. Participating in feasibility work can position your company for the larger project bid.

Shaker Screen

Industry

A mesh filter used in drilling operations to separate rock cuttings and solids from drilling fluid (mud). Subcontractors handling fluid management or solids control equipment must monitor screen condition closely. Worn or damaged screens reduce efficiency and can trigger costly downtime charges.

Field Ticket

Industry

A document created in the field that records work performed, equipment used, materials consumed, and time spent. Field tickets are the basis for invoicing and must typically be approved by the customer before payment.

FPSO (Floating Production, Storage and Offloading Unit)

Industry

A ship-shaped offshore vessel that processes and stores crude oil or gas directly at sea, then transfers it to tankers — for subcontractors, FPSOs represent remote, long-duration worksites with strict offshore safety certification requirements, specialised crew rotation logistics, and scope that can span topside maintenance, marine systems, and instrumentation work simultaneously.

Pressure Pumping

Industry

A well stimulation service involving the high-pressure injection of fluids — such as fracturing fluid, cement, or acid — into a wellbore to improve production or complete the well; for subcontractors, it represents a specialised, equipment-intensive scope of work that typically requires certified operators, dedicated pump trucks, and close coordination with the primary operator on site.

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