A downhole artificial lift system that uses surface-driven rods to pump oil from low-pressure wells. Subcontractors are frequently called in for rod pulling, pump teardowns, and wellsite servicing work. Reliable SRP maintenance contracts can provide steady, recurring revenue for oilfield service companies.
SRP (Sucker Rod Pump)
Related Terms
Brownfield Site
IndustryAn existing facility or infrastructure that is being modified, expanded, or recommissioned rather than built from scratch. Subcontractors should expect tighter work windows, live-equipment hazards, and strict permit-to-work requirements. Scheduling and coordination with ongoing operations are critical on brownfield projects.
Prime Contract
IndustryThe main agreement between an owner (operator or developer) and the general contractor managing a project. As a subcontractor, you work under this contract without being party to it. Its terms often flow down and directly affect your scope, schedule, and payment conditions.
Task Order
IndustryA formal document issued under a master contract that authorises a specific scope of work, timeline, and budget. Subcontractors use task orders to mobilise crews and bill for individual job phases. Each task order typically carries its own number for invoicing and cost-tracking purposes.
Mine Reclamation
IndustryThe regulated process of restoring a mine site to an environmentally acceptable condition after operations cease. For subcontractors, it generates specialised scopes including grading, revegetation, and water treatment work. Reclamation projects often extend years beyond mine closure, providing longer-term contract opportunities.
BPD (Barrels Per Day)
IndustryA measure of a well's or facility's daily oil output. Higher BPD typically means greater activity levels, more crews on site, and increased service demand. Subcontractors often see scope and call-out frequency tied directly to a client's BPD targets.
SAGD (Steam Assisted Gravity Drainage)
IndustryA heavy oil extraction method using paired horizontal wells where steam is injected into the upper well to heat bitumen, allowing it to drain by gravity to the lower production well. Creates specialized maintenance and service opportunities for subcontractors in steam generation equipment, wellhead systems, and pipeline infrastructure at oil sands operations.
Latest Industry News
Canada Greenlights 1M-Bpd Alberta-to-Pacific Pipeline for 2027 Start
Canada and Alberta unveiled plans for a new 1-million-barrel-per-day pipeline from the oil sands to British Columbia's coast, with construction targeted to start as early as September 2027.
21 hours ago IndustryData Centers Drive Growth as Office, Warehouse Spending Sinks
Construction Dive reports private nonresidential spending fell 6.6% year over year through May, with data centers the lone bright spot as office and warehouse work slump.
21 hours ago IndustryDC Releases Draft Master Plan for RFK Stadium Campus Redevelopment
DC's draft master plan for the 180-acre RFK campus outlines phased street, transit and utility upgrades tied to a new Washington Commanders stadium and mixed-use districts.
21 hours ago IndustryNew Mexico Adopts $150K Bonding Rule for High-Risk Wells
New Mexico's Oil Conservation Commission approved new bonding requirements for high-risk and inactive wells, aiming to shift orphaned well plugging costs onto operators.
21 hours agoRelated Guides
How Operator Mergers and Acquisitions Affect Your Subcontract Agreements
When operators merge, get acquired, or sell assets, subcontractor agreements are caught in the middle. Learn how M&A activity affects your MSA, payment terms, vendor status, and what to do before, during, and after a deal closes.
Industry GuideHow Rig Count Trends Affect Subcontractor Demand and What to Do About It
Rig counts are the earliest signal of where field service work is heading. Learn how to read drilling activity trends, anticipate demand shifts, and position your crew before the phone stops ringing.
Industry GuideWhat Is an AFE in Oil and Gas and How Does It Affect Subcontractor Payments?
An AFE (Authorization for Expenditure) controls every dollar spent on an oilfield project. Learn how it affects your billing, change orders, and cash flow as a subcontractor.
Stay sharp on field operations
Industry news and insights, delivered to your inbox.
Subscribe to FieldNews