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
Downstream
IndustryRefers to the refining, processing, and distribution segment of the oil and gas industry. For subcontractors, downstream work typically involves maintenance and turnarounds at refineries or petrochemical plants. These sites often have stricter safety protocols and certification requirements than upstream operations.
NOC (National Oil Company)
IndustryA state-owned oil producer that controls exploration and production within its country. NOCs often require local content compliance, affecting subcontractor hiring and procurement. Payment cycles and approval chains can be longer than with private operators.
Production Drilling
IndustryDrilling performed on a proven reservoir to extract hydrocarbons commercially, as opposed to exploration work. For subcontractors, it typically means longer campaigns with more predictable scopes. Expect repetitive well programmes and stronger potential for extended service agreements.
Laser Surface Ablation
IndustryA surface preparation method using focused laser energy to remove rust, coatings, or contaminants from metal. Subcontractors use it as a cleaner alternative to sandblasting on pipelines and structural steel. It reduces waste disposal costs and meets strict environmental site requirements.
Support Activities for Oil and Gas Operations
IndustryAn industry classification covering subcontractors who provide services to upstream oil and gas producers without extracting resources themselves. This includes well servicing, site prep, equipment rental, and pipeline support. Most field service companies in oil and gas fall under this category for tax and regulatory purposes.
Well Program
IndustryA technical document outlining the planned scope, procedures, and specifications for drilling or completing a well. Subcontractors use it to understand required services, equipment, and sequencing before mobilising. It directly affects how you scope work and price your bid.
Latest Industry News
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