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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

Personal Fall Arrest System

Compliance

A PFAS (Personal Fall Arrest System) is safety equipment that stops a worker from hitting the ground during a fall. It typically includes a full-body harness, lanyard, and anchor point. Subcontractors must ensure PFAS equipment is inspected, certified, and meets provincial and federal regulations before workers go at height.

API (American Petroleum Institute)

Compliance

The leading industry organisation that develops technical standards, safety protocols, and equipment specifications that subcontractors must follow when working on oil and gas projects. API certifications and compliance with API standards are often mandatory requirements in service contracts and can affect your ability to bid on projects.

Resource Road

Compliance

A privately maintained access road built to reach remote work sites in oil & gas or forestry operations. Subcontractors must follow strict user agreements covering speed limits, radio protocols, and load restrictions. Non-compliance can result in access suspension, halting your crew's ability to reach site.

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.

Foreign-Flagged Vessel

Compliance

A marine vessel registered under another country's flag rather than the nation where it operates. Subcontractors must verify compliance with cabotage laws, as restrictions may limit which vessels can legally perform local work. This affects equipment mobilisation planning and contract eligibility on offshore projects.

Reauthorization

Compliance

Formal renewal of a previously approved work permit, purchase order, or scope of work that has expired or exceeded its original limits. Subcontractors must secure reauthorization before continuing work to avoid unpaid labour exposure. Delays in reauthorization can stall field crews and disrupt project schedules.

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