A large land rig capable of drilling deep wells, typically over 5,000 metres. It requires specialised subcontractors and larger crews than smaller single or double rigs. Expect higher equipment and certification requirements when bidding on triple rig projects.
Triple Drilling Rig
Related Terms
Production Shut-in
IndustryA temporary halt to oil or gas production at a well or facility, ordered by the operator. For subcontractors, this often means suspended work orders and delayed revenue until operations resume. Standby rates and demobilisation terms in your contract become critical during a shut-in.
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.
Subcontractor
IndustryA company hired by a general contractor or directly by an operator to perform a specific portion of work. Subcontractors often specialize in particular services or trades.
Instrumentation
IndustryThe installation, calibration, and maintenance of measurement and control devices such as gauges, transmitters, and sensors. Subcontractors are often scoped specifically for instrumentation work, requiring certified trades and precise documentation. It is a common standalone discipline on large oil and gas and industrial construction projects.
Deep Foundation
IndustryA structural support system that transfers building loads to stable soil or rock far below the surface, typically using piles or caissons. Subcontractors are often mobilised for drilling, pile driving, or concrete work on these scopes. Expect specialised equipment requirements and strict geotechnical inspection protocols on site.
PAUT (Phased Array Ultrasonic Testing)
IndustryAn advanced non-destructive testing method that uses multiple ultrasonic beams to inspect welds, pipelines, and structural components for defects. It produces detailed cross-sectional images without cutting or damaging the material. Subcontractors offering PAUT services typically require certified Level II or III technicians and specialised portable equipment.
Latest Industry News
Akita Drilling to Acquire Fox Drilling Stake from Paramount Resources
Paramount Resources is selling its Fox Drilling subsidiary stake to Akita Drilling in a share-based deal, giving Akita six triple drilling rigs and a committed 2,700-day work agreement over three years.
3 months agoIndustryAecon-Led Group With First Nations Partners Signs Deal for Ontario BESS Project
Aecon Concessions and four First Nations and energy partners have signed a 20-year storage agreement with Ontario's IESO to build a 150 MW/1,200 MWh battery project in Norfolk County, targeting 2030 commercial operations.
20 hours agoIndustryAthabasca Spends $55M on Corner SAGD Prep, Holds Off Final Sanction
Athabasca Oil Corp is putting $55 million into site prep and engineering for Corner Phase 1 SAGD but has not yet issued a formal sanction, Oil Sands Magazine reports, as it awaits clarity on Alberta's fiscal framework.
20 hours agoIndustryBoston Secures 65% Federal Match for $10B Flood Defense Plan
The U.S. Army Corps has approved cost-share terms for Boston's coastal resilience program, clearing the way for more than 20 flood-protection projects that civil, marine, and utility contractors should begin tracking now.
20 hours agoRelated Guides
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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.
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