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IndustryGlossary Term

Midstream

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.

Related Terms

Sanctioned Field

Industry

A field development that has received formal investment approval from the operator or project owner. For subcontractors, sanction signals that contracts, mobilisation, and work orders are imminent. It marks the transition from planning to active field execution.

Concrete Gravity Structure

Industry

A massive concrete offshore platform held in place by its own weight rather than piles or anchors. Subcontractors working on CGS projects face complex multi-trade scopes in remote marine environments. Mobilisation, access logistics, and specialised certifications are critical planning factors.

Extreme Value Analysis (eva)

Industry

A statistical method used to predict the likelihood of rare but severe events, such as equipment failures or extreme weather. Subcontractors use EVA to assess risk exposure and justify contingency planning in bids. It supports decisions around insurance coverage, mobilisation buffers, and site safety protocols.

Thermal In-Situ

Industry

A method of extracting heavy oil or bitumen by injecting steam underground to heat and mobilise the resource. Common techniques include SAGD (Steam Assisted Gravity Drainage) and CSS (Cyclic Steam Stimulation). Subcontractors support these operations through facility construction, pipefitting, instrumentation, and ongoing maintenance work.

Leak Detection System

Industry

Equipment and processes used to identify fluid or gas escapes in pipelines, tanks, or wellheads. Subcontractors are often hired to install, inspect, or maintain these systems under strict regulatory timelines. Failing to meet operator specs can trigger contract penalties or work stoppages.

Conduit Installation

Industry

The process of routing and securing protective tubing or piping to house electrical wiring on job sites. Subcontractors are typically scoped for this work during facility builds, plant turnarounds, or infrastructure upgrades. Accurate material take-offs and labour estimates are critical to pricing this work profitably.

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