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IndustryGlossary Term

TVD (True Vertical Depth)

The straight-line vertical distance from surface to a specific point in a wellbore, regardless of how the well is drilled — subcontractors working on directional or horizontal wells need to reference TVD (not measured depth) when scoping equipment reach, calculating hydrostatic pressures, or verifying work zone depths on service orders.

Related Terms

CCS (Carbon Capture and Storage)

Industry

A process that captures CO₂ emissions from industrial sources and injects them underground for permanent storage. For subcontractors, CCS projects create demand for pipeline welding, compression equipment installation, and wellsite services. Familiarity with emissions-related scopes can open access to a growing segment of energy infrastructure work.

Development Sanction

Industry

The formal approval by an operator or project owner to proceed with full-scale field development. For subcontractors, it signals that major contracts, mobilisation, and field work are imminent. It marks the point where scopes of work move from planning to active procurement.

Master Service Agreement (MSA)

Industry

A contract between an operator and a service company that establishes the general terms and conditions for all future work. Individual jobs are then executed under work orders or AFEs referencing the MSA.

Cavern Storage

Industry

Underground storage facilities carved out of salt formations or rock, used to hold large volumes of natural gas, crude oil, or other hydrocarbons. Subcontractors handle construction, maintenance, inspection, and integrity testing at these sites, often needing confined-space and geotechnical certifications. Injection and withdrawal seasons create predictable maintenance windows, helping field service companies plan mobilisation.

Decommissioning

Industry

The process of safely shutting down and dismantling oil and gas infrastructure at end-of-life. For subcontractors, it generates significant work in removal, remediation, and site restoration. Scopes often include demolition, equipment salvage, and regulatory closeout tasks.

Cleanout

Industry

A service job focused on removing debris, scale, or obstructions from a wellbore, tank, or pipeline. Subcontractors are often mobilised on short notice to perform cleanouts between production phases. Accurate job scoping is critical, as unforeseen material volumes can affect your quoted price.

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