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
Liquefaction Facility
IndustryA plant that cools natural gas to -162°C, converting it into LNG (Liquefied Natural Gas) for storage and transport. Subcontractors are commonly engaged for construction, maintenance, and instrumentation work at these sites. Expect strict safety certifications and specialised cryogenic equipment handling requirements.
Lateral Length
IndustryThe horizontal distance drilled from the kickoff point to the end of a wellbore, typically measured in metres. Longer laterals mean more stages, more equipment, and extended crew time on location. Subcontractors should factor lateral length into job costing and resource planning.
Production Chemistries
IndustrySpecialty chemicals injected into wells and pipelines to control corrosion, scale, paraffin, and hydrates during oil and gas production. Subcontractors handle storage, injection system maintenance, and chemical dosing as part of production operations contracts. Proper handling certifications and spill containment protocols are typically required on-site.
Strait of Hormuz
IndustryA critical shipping chokepoint between Oman and Iran controlling roughly 20% of global oil flow. Disruptions here can spike material costs and delay equipment deliveries for subcontractors. Budget contingencies and procurement timelines should account for geopolitical risk in this corridor.
Trenchless Technology
IndustryMethods for installing or repairing underground pipelines and conduits without open-cut excavation. Common techniques include HDD (Horizontal Directional Drilling) and pipe bursting. Subcontractors specialising in these methods often command premium rates due to reduced surface disruption and specialised equipment requirements.
Run Schedule
IndustryA 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.
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.
4 months agoIndustryBaker Hughes Lands Compression, Liquefaction Orders for Venture Global's Gulf Coast Buildout
Baker Hughes secured orders to supply gas compression for the Cloud Connector Pipeline and modular liquefaction equipment for Plaquemines LNG, expanding Venture Global's Louisiana infrastructure footprint.
20 hours agoIndustryConocoPhillips Files 126-Well Willow Development Plan With AOGCC
ConocoPhillips has applied for pool rules covering a 126-well Willow oil pool development in Alaska's NPR-A, with drilling starting in 2027 and first oil targeted for early 2029.
20 hours agoIndustryInside Ole Miss's $1.3B Build-Out: A Master Class in Managing 170 Projects at Once
The University of Mississippi has 170 construction projects running simultaneously across its Oxford campus, a live test case in staging and sequencing that facility-construction firms bidding higher-ed work should study closely.
20 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
