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Industry Glossary Term

Prospective Interval

A rock formation believed to contain oil or gas, targeted for drilling or evaluation. Subcontractors are often mobilised to support exploration work within these zones. Scope and duration of field service contracts may depend on how many prospective intervals a well will test.

Related Terms

Pipeline Interconnect

Industry

A tie-in point where two or more pipelines are joined to allow fluid or gas transfer between systems. Subcontractors are often mobilised for the hot-tap, welding, and pressure-testing work at these connections. Scope can expand quickly, so confirm tie-in specifications before pricing the job.

Derivative Goods

Industry

Products created by processing or transforming raw materials supplied under a contract, such as fabricated components or treated fluids. Subcontractors must clarify ownership rights over derivative goods before work begins. Contracts often assign these rights to the prime contractor or client by default.

Directional Drilling

Industry

A drilling technique used to steer a wellbore along a non-vertical path to reach a target zone. Subcontractors supporting these operations often require specialised tooling, MWD (Measurement While Drilling) equipment, and certified directional hands. Scopes can shift quickly, so flexible crew and equipment mobilisation is essential.

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.

Lease Road

Industry

A temporary or permanent access road built to service an oil and gas lease or well site. Subcontractors are often responsible for maintaining or mobilising equipment over these roads. Road conditions directly affect trucking rates, equipment wear, and scheduling.

Prime Contractor

Industry

The main company awarded a project contract who then hires subcontractors to perform portions of the work. As a sub, your agreement, invoicing, and compliance obligations flow through them—not the end client. They carry overall site liability and typically control scheduling and scope.

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