The advance ordering of materials or equipment with lengthy manufacturing or delivery timelines. For subcontractors, delays in these items often push back mobilisation dates and affect project cash flow. Always confirm long-lead delivery schedules before locking in your crew start dates.
IndustryGlossary Term
Long-Lead Procurement
Related Terms
Material Takeoff
IndustryA detailed list of all materials, quantities, and specifications needed to complete a scope of work. Subcontractors use it to prepare accurate bids and avoid costly shortages or overruns in the field.
Casing Program
IndustryA well design plan specifying the size, depth, and sequence of steel pipe (casing) run into a wellbore. For subcontractors, it dictates crew scheduling, equipment requirements, and service timing. Understanding it helps you anticipate your scope and mobilisation windows.
Crude Oil Stock Build
IndustryA rise in stored crude oil inventories, signalling weak demand or oversupply. This often triggers operators to slow production, which can delay or reduce field service work orders. Subcontractors should monitor stock build trends as an early indicator of project slowdowns.
BOE (Barrel of Oil Equivalent)
IndustryA standardised unit of energy measurement that converts different types of oil and gas production into equivalent barrels of crude oil, used by operators to report total production volumes when determining project scope and service requirements for subcontractors.
Turnaround
IndustryA planned shutdown of a facility for maintenance, inspection, and repair. Turnarounds often require large numbers of contractors and subcontractors working intensive schedules.
Field Ticket
IndustryA document created in the field that records work performed, equipment used, materials consumed, and time spent. Field tickets are the basis for invoicing and must typically be approved by the customer before payment.
Latest Industry News
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yesterdayRelated Guides
Industry Guide
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.
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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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