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Industry Glossary Term

Working Interest

An ownership stake in an oil and gas lease that obligates the holder to pay a share of exploration and production costs. For subcontractors, knowing who holds working interest helps identify who is ultimately responsible for approving work orders and invoices. Operators typically hold majority working interest and are your primary point of contract.

Related Terms

Tieback

Industry

A structural anchor or connection point used to secure equipment, pipelines, or wellheads back to an existing infrastructure system, commonly referenced in subcontractor scopes of work when connecting new installations to live or existing lines. Subcontractors should confirm tieback specifications and isolation procedures clearly in their contracts, as this work often involves elevated risk and may require additional certifications or permits.

Workover

Industry

Operations performed on an existing well to restore, maintain, or improve production. Includes activities like recompletions, artificial lift installation, and remedial cementing.

GWD (Getting Work Done)

Industry

A safety and compliance management system used by some operators to pre-qualify and manage contractors working on their sites.

Exploratory Well

Industry

A well drilled in an unproven area to determine whether hydrocarbons are present, typically representing higher-risk, shorter-duration work for subcontractors with less certainty of follow-on contracts compared to development drilling programmes. Field service companies should account for the speculative nature of these projects when negotiating mobilisation costs and contract terms.

Pneumatics

Industry

Systems that use compressed air or gas to power tools, actuators, and control valves on job sites. Subcontractors working with pneumatic equipment must ensure proper pressure ratings and fittings are maintained. Common in instrumentation, pipeline, and heavy construction scopes.

Frac Sand Hauling

Industry

The trucking of proppant (silica sand) from storage terminals to active frac sites. Subcontractors operate on tight dispatch schedules to maintain continuous sand supply during pumping operations. Contracts often include standby rates for wait time at the wellsite.

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