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Daily oil & gas and construction news for subcontractors

IndustryGlossary Term

Undeveloped Inventory

Approved but undrilled well locations or untapped reserves an operator plans to develop in future phases. For subcontractors, it signals upcoming work pipelines and potential long-term contract opportunities. Tracking an operator's undeveloped inventory helps you anticipate mobilisation timelines and resource planning.

Related Terms

LPT (Large Power Transformer)

Industry

A high-voltage transformer exceeding 100 MVA used in electrical substations and large industrial facilities. Subcontractors are often mobilised for LPT installation, maintenance, or emergency replacement work. These units require specialised rigging, permitting, and certified electrical crews due to their size and criticality.

Bakken Play

Industry

A major tight-oil producing region spanning North Dakota, Montana, and southern Saskatchewan and Manitoba. Subcontractors working here should expect high-volume horizontal drilling and multi-stage fracturing scopes. Seasonal road bans and remote logistics significantly impact crew mobilisation and equipment scheduling.

Radial Telescopic Conveyor

Industry

A mobile conveyor system that extends in length and swings in an arc to stockpile bulk materials across a wide area. Commonly used on pipeline, mining, and civil construction sites for aggregate, gravel, or spoil management. Subcontractors operating this equipment typically require certified operators and may be responsible for setup, teardown, and repositioning.

Drillship

Industry

A self-propelled vessel equipped with a drilling rig used for offshore exploration and production in deepwater locations, which subcontractors may be mobilised to for specialised services such as equipment maintenance, inspection, or crew support under strict offshore safety and logistical requirements.

Constructability

Industry

How easily a design can be built efficiently using available crews, equipment, and site conditions. Poor constructability increases labour hours, rework, and cost overruns for subcontractors. Reviewing designs early helps field teams flag problems before mobilisation.

Hot Shot

Industry

Expedited delivery service for equipment, parts, or materials to remote job sites. Often used for urgent oilfield deliveries.

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