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Industry Glossary Term

Subsea Production System

A network of underwater equipment — including wellheads, manifolds, flowlines, and control systems — installed on the seabed to extract and transport oil or gas to a surface facility, representing a specialised scope of subsea installation, inspection, and maintenance work that subcontractors must hold specific certifications and equipment to perform. For field service companies, contracts in this space typically involve saturation diving support, remotely operated vehicle (ROV) operations, or subsea engineering services under strict offshore safety and quality regimes.

Related Terms

Tidewater Access

Industry

The ability to move equipment or materials directly via navigable waterways to a project site. For subcontractors, it affects logistics planning, mobilisation costs, and marine transport requirements. Sites with tidewater access often allow heavier loads that road or rail cannot support.

Concrete Ties

Industry

Heavy precast concrete blocks or collars used to anchor pipelines and prevent buoyancy in wet or unstable ground. Subcontractors install them during pipeline construction, often requiring specialised lifting equipment and crews. Scope and quantity directly affect labour hours and equipment costs in your bid.

IET (Industrial & Energy Technology)

Industry

A broad sector covering technical services and equipment used in oil & gas, power, and industrial facilities. Subcontractors in this space typically provide specialised labour, maintenance, and installation work. Contracts often require trades certification and site-specific safety compliance.

Satellite Jetty

Industry

A secondary or auxiliary dock located away from a main terminal, used to load or offload vessels at remote points along a waterway. Subcontractors may be mobilised specifically to satellite jetties for marine construction, maintenance, or material handling work. Access and logistics can differ significantly from main terminals, affecting crew scheduling and equipment mobilisation.

Utility Relocation

Industry

The process of moving existing underground or overhead utilities — such as gas lines, water mains, or electrical conduits — to accommodate new construction or pipeline work. Subcontractors are often hired specifically for this scope, which requires utility locates and coordination with municipal or utility owners. Delays in relocation can directly impact your crew's mobilisation schedule and project milestones.

MBO (Management Buyout)

Industry

A transaction where a company's existing managers purchase the business from its owners. For subcontractors, this often signals continuity in contracts and key relationships. Watch for changes to payment terms or procurement policies during the transition period.

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