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IndustryGlossary Term

Run Schedule

A timeline that outlines when specific tools, equipment, or crews are deployed downhole or on-site during an operation, dictating when a subcontractor's services are required and for how long. For field service companies, the run schedule directly determines mobilisation timing, crew rotations, and invoiceable hours on location.

Related Terms

Ultra-Deepwater

Industry

Offshore drilling operations conducted in water depths exceeding 1,500 metres. Subcontractors working these projects require specialised certifications, equipment ratings, and offshore survival training. Mobilisation costs and logistics complexity are significantly higher than shallow-water scopes.

Berth

Industry

A designated docking space where vessels load or offload equipment, materials, and crew. Subcontractors must coordinate mobilisation schedules around berth availability to avoid costly delays. Port congestion can directly impact your invoicing milestones and crew rotations.

Coal Bed Methane

Industry

CBM (Coal Bed Methane) is natural gas extracted from coal seams rather than conventional reservoirs. Field crews typically handle dewatering operations, pipeline tie-ins, and wellsite maintenance on CBM projects. Work is often spread across large numbers of shallow, closely spaced wells requiring frequent travel between sites.

FID (Final Investment Decision)

Industry

The point when a project owner formally approves funding and commits to proceeding with a major project. For subcontractors, FID is the trigger that converts preliminary work into confirmed scopes and purchase orders. Mobilisation planning, crew hiring, and equipment sourcing typically begin after FID is announced.

OSHA

Industry

Occupational Safety and Health Administration. The US federal agency responsible for workplace safety regulations. Compliance with OSHA standards is required for contractors working in the United States.

Ip120 (initial Production 120-Day Rate)

Industry

The average daily production output of a new well over its first 120 days. Operators use this benchmark to schedule and extend field service contracts. Strong IP120 results often trigger follow-on work for completions and production crews.

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