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Industry Glossary Term

Master Service Agreement (MSA)

A contract between an operator and a service company that establishes the general terms and conditions for all future work. Individual jobs are then executed under work orders or AFEs referencing the MSA.

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Related Terms

COR (Certificate of Recognition)

Industry

A 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.

Frac Campaign

Industry

A scheduled series of hydraulic fracturing operations across multiple wells or stages within a defined period, representing a concentrated burst of work that subcontractors must plan for with adequate crew, equipment, and supply chain capacity. For field service companies, winning a spot in a frac campaign can mean weeks of steady, high-volume work but also demands tight mobilisation timelines and the ability to scale up quickly.

Rig Count

Industry

The number of drilling rigs actively operating in a region. Published weekly by Baker Hughes, the rig count is a leading indicator of activity levels in the oil and gas industry.

Subsea Tieback

Industry

A pipeline or flow line system that connects a new offshore wellhead or satellite field back to an existing production facility or platform, allowing operators to develop remote reserves without building standalone infrastructure. For subcontractors, tiebacks often involve specialised subsea installation, inspection, and maintenance scopes that require certified divers, ROV crews, or subsea engineering support.

IMR (Inspection, Maintenance, and Repair)

Industry

A category of ongoing field service work covering routine inspections, preventive maintenance, and corrective repairs on infrastructure or equipment, often awarded to subcontractors through standing agreements or blanket contracts. For field service companies, IMR scopes provide a reliable stream of recurring work but typically require crews to mobilise quickly and hold multiple trade certifications to meet operator requirements.

Midstream

Industry

The segment of the oil and gas industry involved in processing, storing, and transporting oil, gas, and NGLs. Includes pipelines, gathering systems, and processing plants.

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