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ComplianceGlossary Term

OECD (Organisation for Economic Co-operation and Development)

An international body that sets economic and regulatory guidelines affecting oil and gas investment in member countries. Its anti-bribery and tax transparency standards directly impact how subcontractors operate on international projects. Companies working in OECD member nations must align procurement and invoicing practices with these standards.

Related Terms

Surface Access Rights

Compliance

Legal authorisation allowing crews and equipment to enter privately or publicly owned land to perform field work. Subcontractors must confirm these rights are secured before mobilising to site. Working without confirmed access can halt operations and expose your company to liability.

Energy Isolation

Compliance

The process of shutting down and locking out all energy sources — electrical, hydraulic, pneumatic — before maintenance or service work begins. Subcontractors are typically required to follow the site owner's specific isolation procedures and permit system. Non-compliance can result in immediate removal from site and liability exposure.

Fall Protection Program

Compliance

A documented safety plan required when workers are exposed to fall hazards above 3 metres. It outlines equipment requirements, inspection procedures, and worker training obligations. Subcontractors are typically responsible for maintaining their own compliant program on site.

Local Content

Compliance

A requirement that a set percentage of workers, materials, or services come from the local region or country. Subcontractors must often prove local hiring and sourcing to help clients meet these obligations. Non-compliance can disqualify your bid or void a contract.

Api 510 (american Petroleum Institute Standard 510)

Compliance

An inspection code governing the maintenance and repair of in-service pressure vessels. Subcontractors performing vessel work must often comply with API 510 requirements and use certified inspectors. Non-compliance can result in work stoppages or contract disqualification.

Asme Section Viii

Compliance

The ASME (American Society of Mechanical Engineers) code governing the design, fabrication, and inspection of pressure vessels. Subcontractors working on pressure vessels must ensure equipment bears the ASME stamp, confirming code compliance. Non-compliant vessels can trigger work stoppages and liability issues on site.

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