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IndustryGlossary Term

PCP (Progressive Cavity Pump)

A rotary pump used in oil and gas production to lift heavy or viscous fluids from wellbores. Subcontractors are frequently hired for PCP installation, maintenance, and rod-string servicing. Familiarity with drive heads, stators, and rotors is essential for field technicians working these jobs.

Related Terms

Drill-And-Blast

Industry

A ground excavation method where holes are drilled into rock, then loaded with explosives and detonated. Subcontractors on these scopes typically require certified blasters and strict compliance with provincial explosives regulations. Expect tight sequencing with other trades and potential site shutdowns during blast windows.

IEA (International Energy Agency)

Industry

An intergovernmental organisation that publishes global energy outlooks and demand forecasts, which subcontractors and field service companies use to anticipate shifts in upstream and downstream activity levels that may affect project pipelines and contract opportunities.

Long-Cycle

Industry

Refers to large capital projects with lead times and development phases spanning several years. For subcontractors, long-cycle work offers extended contract visibility but requires patience on mobilisation and payment timelines. Budget cycles and scope changes are common over the project life.

Capacity Utilization

Industry

The percentage of your available crew, equipment, or fleet actively generating revenue at a given time. Low utilization means idle resources eating into margins. Subcontractors track this to identify gaps between awarded contracts and deployed assets.

Instrument Air Systems

Industry

Compressed air networks that power pneumatic valves, controls, and instrumentation on oil and gas and industrial sites. Subcontractors must ensure supplied air meets strict dryness and purity standards before connecting equipment. Contaminated or wet instrument air can damage sensitive controls and trigger costly shutdowns.

Negative Gas Prices

Industry

Occurs when oversupply forces producers to pay buyers to take gas, signalling severe market stress. For subcontractors, this often triggers rapid project suspensions, deferred work orders, and delayed payments. Expect scope reductions and early contract terminations when prices turn negative.

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