The real-time technique of guiding a drill bit through a target formation using geological data. Subcontractors supporting drilling operations may be called in on short notice as geosteering decisions change well paths. Expect scope adjustments and rapid crew or equipment mobilisation when geosteering is active.
Industry Glossary Term
Geosteering
Related Terms
Wellpad
IndustryA prepared, levelled site where one or more oil or gas wells are drilled and completed. Subcontractors often mobilise to a wellpad for multi-well scopes, making it a key unit for planning labour and equipment. Pad size and well count directly affect job duration and invoicing cycles.
SPE (Society of Petroleum Engineers)
IndustryA 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.
Exploratory Well
IndustryA well drilled in an unproven area to determine whether hydrocarbons are present, typically representing higher-risk, shorter-duration work for subcontractors with less certainty of follow-on contracts compared to development drilling programmes. Field service companies should account for the speculative nature of these projects when negotiating mobilisation costs and contract terms.
EPC (Engineering, Procurement, Construction)
IndustryA project delivery model where one main contractor handles all phases from design to completion, typically creating multiple subcontracting opportunities for field service companies across different project phases. For subcontractors, EPC projects often mean working under a prime contractor who coordinates all trades and manages the overall timeline and specifications.
Exploration Well
IndustryA well drilled in an unproven or lightly tested area to determine whether hydrocarbons are present, often representing shorter-term, high-mobilisation contracts for subcontractors with less predictable follow-on work than development drilling programmes.
COR (Certificate of Recognition)
IndustryA voluntary safety certification program in Canada that recognizes employers who have developed health and safety management systems that meet established standards. Required by many operators in Alberta and Western Canada.
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