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IndustryGlossary Term

Vertical Mast Lift

A type of aerial work platform that raises personnel or materials straight up on a single mast column. Commonly used in confined or tight job sites where boom lifts cannot manoeuvre. Subcontractors must verify operator certifications and load ratings before mobilising.

Related Terms

Stimulation

Industry

Well stimulation refers to treatments like hydraulic fracturing or acid jobs that improve reservoir flow. Subcontractors often mobilise for short, intensive campaigns requiring specialised crews and equipment. Scope changes and standby time are common, so clear contract terms matter.

MWD (Measurement While Drilling)

Industry

A real-time data acquisition process used during directional drilling that transmits downhole measurements — such as wellbore trajectory, formation data, and tool orientation — to surface crews without interrupting operations. For subcontractors, MWD services represent a specialised scope of work requiring certified technicians and dedicated equipment, often billed as a separate line item on drilling contracts.

Screen Media

Industry

The replaceable filtering surfaces installed in vibratory shakers and separators on drilling and processing sites. Types include wire mesh, polyurethane, and rubber panels, each suited to different material grades. Subcontractors are often responsible for sourcing, swapping, and disposing of worn screen media during operations.

TIC (Total Installed Cost)

Industry

The full cost of completing a scope of work, including labour, equipment, materials, and indirect expenses. Subcontractors use TIC to build accurate bids and avoid underpricing complex field installations. Owners and GCs often benchmark TIC when evaluating competing quotes.

Secondary Stress

Industry

Indirect mechanical stress that develops in structures or piping due to thermal expansion, settlement, or equipment movement. Unlike primary stress, it isn't caused by direct applied loads. Subcontractors must account for it during installation and inspection to avoid material fatigue and warranty disputes.

Service Company

Industry

A company that provides specialized services to oil and gas operators, such as drilling, completions, workover, transportation, or maintenance. Also called oilfield services (OFS).

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