The phase where installed equipment and systems are connected to utilities, instrumentation, and process lines. For subcontractors, hookup work often follows construction and represents a distinct, billable scope. Crews must coordinate closely with commissioning teams to avoid delays.
Hookup
Related Terms
Re-Export (crude)
IndustryCrude oil imported into one country and then shipped out to another without being refined domestically. For subcontractors, re-export activity drives short-term terminal, marine, and logistics work. Contract volumes can spike quickly, so crews and equipment must be mobilisation-ready.
ERCIP (Energy Resilience and Conservation Investment Program)
IndustryA U.S. Department of Defense funding programme for energy resilience projects on military installations. Subcontractors often access this work through prime contractors on federally funded construction or energy retrofit scopes. Understanding ERCIP helps field service firms identify bid opportunities in government energy infrastructure.
Offtake Agreement
IndustryA long-term contract where a buyer commits to purchasing a set volume of product from a producer. For subcontractors, these agreements signal stable, ongoing site activity and sustained demand for field services. They often underpin project financing, making worksites more financially secure for service providers.
Petrophysical Analysis
IndustryThe evaluation of reservoir rock and fluid properties using well log data and core samples. Results determine whether a well is worth completing, directly affecting drilling programme scope and subcontractor workload. Field crews support this work through wireline logging, coring, and fluid sampling operations.
Npv10 (net Present Value At 10% Discount Rate)
IndustryA method operators use to value oil and gas reserves by discounting future cash flows at 10% annually. Higher NPV10 signals a healthier client who can fund long-term projects and honour contracts. Subcontractors can use it to gauge whether a prospect client's asset base justifies pursuing work with them.
Dispatchable Power
IndustryPower generation that can be turned on or off on demand, unlike solar or wind. For field crews, this means reliable site power for tools, lighting, and equipment regardless of weather. Generators and diesel units are common dispatchable power sources on remote job sites.
Latest Industry News
FERC Votes Unanimously to Fast-Track Grid Connections for AI Data Centers
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Oilprice.com reports utilities are selling off non-core assets to private equity for the first time in decades to fund AI-driven grid buildouts, opening a faster pipeline of transmission and gas-fired generation work for field crews.
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