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IndustryGlossary Term

Ip120 (initial Production 120-Day Rate)

Related Terms

IEA (International Energy Agency)

Industry

An intergovernmental organisation that publishes global energy outlooks and demand forecasts, which subcontractors and field service companies use to anticipate shifts in upstream and downstream activity levels that may affect project pipelines and contract opportunities.

Heat Tracing

Industry

A system of electric cables or steam lines wrapped around pipes to prevent freezing or maintain process temperatures. Subcontractors are often hired to install, inspect, and commission these systems during turnarounds or new construction. Common in cold-climate facilities handling water lines, instrumentation, and process piping.

Pipeline Interconnect

Industry

A tie-in point where two or more pipelines are joined to allow fluid or gas transfer between systems. Subcontractors are often mobilised for the hot-tap, welding, and pressure-testing work at these connections. Scope can expand quickly, so confirm tie-in specifications before pricing the job.

Roadway Decking

Industry

Temporary modular panels laid over pipelines, cables, or trenches to allow vehicle and equipment traffic across a work site. Subcontractors are often responsible for installation, load-rating compliance, and removal. Costs are typically billable as a mobilisation or site-prep line item.

Tight Gas

Industry

Natural gas trapped in low-permeability rock formations that require hydraulic fracturing or horizontal drilling to extract. For subcontractors, tight gas projects typically involve intensive well stimulation work and longer mobilisation cycles. Expect higher equipment demands and specialised crew certifications on these sites.

Spillway

Industry

A controlled channel or outlet designed to safely redirect excess water away from a work site. Subcontractors may be responsible for installing, maintaining, or working around spillways during site grading, civil, or environmental scopes.

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