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IndustryGlossary Term

Gathering System

A network of pipelines, compressors, and facilities that collect hydrocarbons from wellheads and move them to processing points. Subcontractors frequently support construction, inspection, and maintenance work across these systems. Scopes can span remote multi-well pads, requiring strong logistics and crew coordination.

Related Terms

Capacity Utilization

Industry

The percentage of your available crew, equipment, or fleet actively generating revenue at a given time. Low utilization means idle resources eating into margins. Subcontractors track this to identify gaps between awarded contracts and deployed assets.

Large-Load Interconnection

Industry

The process of connecting high-demand electrical equipment to a utility grid, often required for large compressors, pumps, or processing facilities. Subcontractors may face project delays while operators await utility approval and infrastructure upgrades. Timelines can stretch months, directly affecting mobilisation schedules and contract start dates.

EVA (Extreme Value Analysis)

Industry

A statistical method used to predict the likelihood of rare but severe events, such as equipment failures or extreme weather. Field service contractors use EVA to assess project risk and plan contingency resources. It helps justify standby equipment costs and mobilisation buffers in contract negotiations.

Battery Storage

Industry

Systems that store electrical energy on-site for use during peak demand or grid outages. Subcontractors increasingly deploy these on remote job sites to reduce generator fuel costs. They also support electrified equipment fleets and temporary power setups.

Raise Boring

Industry

A drilling method that creates vertical or inclined shafts by reaming upward from a pilot hole. Subcontractors use it for ventilation shafts, ore passes, and utility corridors. It requires specialised rigs and certified crews, affecting your equipment and labour bids.

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.

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