FieldNews
Subscribe

Daily oil & gas and construction news for subcontractors

IndustryGlossary Term

Well Plugging

The process of permanently sealing a wellbore with cement or mechanical barriers to prevent fluid migration. Subcontractors are often engaged for specialised plugging and abandonment (P&A) scopes. Demand for this work is steady as regulators push operators to remediate inactive wells.

Related Terms

Subcontractor

Industry

A company hired by a general contractor or directly by an operator to perform a specific portion of work. Subcontractors often specialize in particular services or trades.

Large-Load Interconnection

Industry

The process of connecting high-demand electrical equipment to a utility grid, often required for large compressors, pumps, or processing facilities. Subcontractors may face project delays while operators await utility approval and infrastructure upgrades. Timelines can stretch months, directly affecting mobilisation schedules and contract start dates.

RFP (Request for Proposal)

Industry

A formal document issued by an operator or general contractor inviting subcontractors to bid on a scope of work. It outlines project requirements, timelines, and evaluation criteria. Responding competitively to RFPs is a primary way field service companies win new contracts.

Modular Water Storage

Industry

Portable, stackable tank systems used on remote job sites to store potable, process, or wastewater. Subcontractors deploy them quickly without permanent infrastructure. Common on pipeline, camp, and frac support contracts.

Capacity Utilization

Industry

The percentage of your available crew, equipment, or fleet actively generating revenue at a given time. Low utilization means idle resources eating into margins. Subcontractors track this to identify gaps between awarded contracts and deployed assets.

Self-Build

Industry

A project where the owner acts as their own general contractor, hiring subcontractors directly rather than through a prime contractor. For field service companies, this often means faster access to work but requires closer coordination with the owner. Payment terms and scope changes are negotiated directly, so clear contracts are essential.

Stay sharp on field operations

Industry news and insights, delivered to your inbox.

Subscribe to FieldNews
A community project byAimsio