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IndustryGlossary Term

Modular Above-Ground Storage

Prefabricated, relocatable tanks or containment units installed on-site without permanent foundations. Subcontractors use them for temporary fuel, water, or chemical storage on remote or fast-moving job sites. Their modular design speeds up mobilisation and reduces civil work costs.

Related Terms

Near-Field Exploration

Industry

Exploration activity targeting new reserves close to existing producing infrastructure. For subcontractors, it often means faster mobilisation and shorter campaigns using established site access. Expect work scopes similar to existing nearby operations, with familiar equipment and logistics.

Deepwater

Industry

Refers to offshore oil and gas operations conducted in water depths exceeding 300 metres, where subcontractors and field service crews must hold specialised certifications, work within stricter regulatory frameworks, and often face extended mobilisation timelines and higher equipment day-rates.

Mobilization/Demobilization

Industry

The process of moving equipment and personnel to a job site (mobilization) and returning them afterward (demobilization). Often billed as separate line items.

Sources Sought

Industry

A notice issued by a client or prime contractor to identify qualified subcontractors before a formal tender is released. Responding helps get your company on the bidders list. It is not a contract offer, but skipping it can mean missing the actual bid.

E&P (Exploration and Production)

Industry

The upstream segment of the oil and gas industry covering the search for and extraction of hydrocarbons, representing the primary client base that hires field service subcontractors for drilling, completions, well servicing, and site construction work. Understanding whether a client operates in E&P helps subcontractors anticipate project cycles, budget timing, and the boom-and-bust demand patterns that directly affect contract volumes and payment schedules.

Field Ticket

Industry

A 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.

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