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Industry Glossary Term

Onshore Acreage

Land-based areas leased or licensed by operators for exploration and production activities. For subcontractors, it defines where field work is scoped, mobilised, and contracted. Acreage size and location directly affect crew logistics, travel costs, and service demand.

Related Terms

Substation

Industry

A facility that converts high-voltage electrical power to usable levels for a job site or facility. Subcontractors in construction and oil & gas often work in, around, or on behalf of substations. Strict access controls and electrical safety certifications are typically required.

IFB (Invitation for Bids)

Industry

A formal document issued by an operator or prime contractor soliciting fixed-price bids for a defined scope of work. Subcontractors must submit pricing by a set deadline, with contracts typically awarded to the lowest qualified bidder. Review the technical specs and site conditions carefully before submitting your number.

Caustic Service

Industry

Work involving equipment or piping that handles highly alkaline chemicals, such as sodium hydroxide. Subcontractors must use compatible materials and certified personnel to avoid rapid corrosion and serious chemical burns. Specialised PPE and handling procedures are typically required by the client's safety plan.

Sealed Bid

Industry

A confidential tender submission where subcontractors submit pricing without knowing competitors' rates. All bids are opened simultaneously by the hiring company. This process is common in public sector and large operator contracts across oil and gas and construction.

FEED (Front-end Engineering Design)

Industry

The detailed engineering phase before a project is sanctioned for full construction. For subcontractors, FEED signals that scopes, specs, and vendor lists are being finalised. Winning work during FEED often positions your company for contracts in the execution phase.

Geothermal Leasing

Industry

A government-issued agreement granting rights to develop heat energy from underground resources on a specific land parcel. For subcontractors, these leases define where drilling, piping, and surface work can legally occur. Active leases signal steady long-term project work, particularly in western Canada.

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