A formal business arrangement where two or more companies partner to pursue a specific project or contract, which can affect subcontractors by changing who issues purchase orders, approves invoices, or holds liability on site. Field service companies should confirm early which JV partner is the contracting entity to avoid payment delays or scope disputes.
JV (Joint Venture)
Related Terms
Frac Water Logistics
IndustryThe planning and execution of sourcing, transporting, and disposing of water used in hydraulic fracturing operations. Subcontractors may be engaged for trucking, pipeline installation, pumping, or water treatment services. Accurate job scoping is critical, as water volumes and haul distances directly affect equipment needs and bid pricing.
Schedule Compliance
IndustryA measure of how consistently a subcontractor completes work within the agreed timeline. Low compliance can trigger penalties, delay progress payments, or affect contract renewal. Tracking it helps field crews identify where mobilisation or scope changes are causing slippage.
Hydrostatic Testing
IndustryA pressure integrity test where pipelines, vessels, or equipment are filled with water and pressurised to detect leaks or weaknesses. Subcontractors are often hired to perform or witness these tests before commissioning. Proper documentation is critical, as clients and regulators require certified test records.
STACK (Sooner Trend Anadarko Basin Canadian and Kingfisher)
IndustryA prolific multi-zone oil and gas play in central Oklahoma covering Canadian and Kingfisher counties. Subcontractors active here support high-density horizontal drilling and completions work. Mobilisation demand can spike quickly, so maintaining local crew and equipment availability is critical.
Hydrotesting
IndustryA pressure test using water to verify the integrity of pipelines, vessels, or equipment before commissioning. Subcontractors are often scoped separately for hydrotest labour, equipment, and water disposal. Confirm whether these costs are included in your contract or billed as extras.
Refined Products Pipeline
IndustryA pipeline system that transports processed petroleum products — such as gasoline, diesel, and jet fuel — from refineries to distribution terminals. Subcontractors are commonly mobilised for inspection, maintenance, and integrity work on these lines. Strict product contamination and safety protocols apply, requiring up-to-date certifications.
Latest Industry News
Eni and PETRONAS Launch Searah JV Across Malaysia and Indonesia
Eni and PETRONAS have named their new Southeast Asia upstream joint venture Searah, combining assets across Malaysia and Indonesia under a unified operational framework. Subcontractors with offshore and drilling expertise may find new opportunities as the JV ramps up.
5 months agoIndustryAECOM Hunt-Turner-HORUS JV Tapped for $2.3B Tampa Bay Rays Stadium
A selection committee ranked AECOM Hunt, Turner Construction and HORUS Construction Services as top pick for the Tampa Bay Rays' $2.3 billion stadium, pending financing approval from Tampa and Hillsborough County.
4 days agoIndustryJacobs JV Lands Engineering Deal on $750M Utah Canal Overhaul
A Jacobs and Bowen Collins & Associates joint venture will engineer the conversion of Utah's century-old Strawberry High Line Canal into a pressurized pipeline system, part of a $750 million infrastructure project.
5 days agoIndustrySkanska-Stacy Witbeck JV Lands $1.9B LA Metro Light Rail Contract in Van Nuys
A Skanska-Stacy Witbeck joint venture signed a $1.9 billion contract with LA Metro to build a 6.7-mile at-grade light rail line in Van Nuys, opening years of subcontracting work through 2031.
6 days agoRelated Guides
How Operator Mergers and Acquisitions Affect Your Subcontract Agreements
When operators merge, get acquired, or sell assets, subcontractor agreements are caught in the middle. Learn how M&A activity affects your MSA, payment terms, vendor status, and what to do before, during, and after a deal closes.
Industry GuideHow Rig Count Trends Affect Subcontractor Demand and What to Do About It
Rig counts are the earliest signal of where field service work is heading. Learn how to read drilling activity trends, anticipate demand shifts, and position your crew before the phone stops ringing.
Industry GuideWhat Is an AFE in Oil and Gas and How Does It Affect Subcontractor Payments?
An AFE (Authorization for Expenditure) controls every dollar spent on an oilfield project. Learn how it affects your billing, change orders, and cash flow as a subcontractor.
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