|
2D,3D
|
two / three dimensional (in relation to seismic surveys) |
|
2P |
Proven plus Probable reserves
|
|
3P |
Proven, Probable plus Possible reserves
|
|
P50 |
Reserves are with those with a notional 50% probability – “reasonably Probable” of being produced using current or likely technology at current prices, with current commercial
terms and government consent. |
|
€ |
Euro |
|
£ |
British pound |
|
$ |
US Dollar |
|
AGM |
Annual General Meeting |
|
AIM |
Alternative Investment Market of the London Stock Exchange |
|
API |
American Petroleum Institute |
|
Azimuth |
Azimuth Limited |
|
bbl |
barrel(s) of oil |
|
B, b |
billion |
|
bcf |
billion cubic feet |
|
bcm |
billion cubic metres |
|
Blackwatch |
Blackwatch Petroleum Services Ltd |
|
boe |
barrel(s) of oil equivalence |
|
boepd |
barrel(s) of oil equivalence per day |
|
bopd |
barrel(s) of oil per day |
|
cf |
cubic feet |
|
cfd |
cubic feet per day |
|
€ct/m³ |
Euro cents per metre cubed |
|
d |
day |
|
DBS |
Deferred Bonus Scheme |
|
Dyas |
Dyas B.V. |
|
EBN |
Energie Beheer Nederlandse B.V. |
|
EBITDA |
Earnings Before Interest, Taxes, Depreciation and Amortisation
|
|
ENI |
Eni SpA |
|
EU |
European Union |
|
FPSO |
Floating Production and Storage Offloading Vessel |
|
FRS |
Financial Reporting Standard |
|
GAAP |
Generally Accepted Accounting Practice |
|
Guyane EEL |
Guyane Maritime Permit |
|
HSE |
Health, Safety and the Environment |
|
IAS |
International Accounting Standards |
|
IFRS |
International Financial Reporting Standards |
|
ft |
feet |
|
km, km² |
kilometre, square kilometres |
|
KPI |
Key Performance Indicator |
|
KPMG |
KPMG Audit Plc |
|
m |
metres |
|
M |
thousand (10^3) |
|
MM |
million (10^6) |
|
MMBBL |
million barrels |
|
MMBO |
million barrels of oil |
|
MMBOE |
million barrels of oil equivalent |
|
mmcfd |
millions of cubic feet per day (of gas) |
|
NAM |
Nederlandse Aardolie Maatschappij B.V. A Netherlands joint venture between Shell and Exxon. |
|
Net to Northern |
Northern Petroleum’s share |
|
Northern or the Group |
the Company and its subsidiaries |
|
NPN |
Northern Petroleum Nederland B.V.
A Dutch subsidiary of Northern Petroleum Plc. |
|
Orca Exploration |
Orca Exploration Group Inc. |
|
p |
pence |
|
PetroCanada |
Petro-Canada Netherlands B.V. |
|
Probable |
Probable reserves are those unproved reserves which analysis of geological and engineering data suggests are more likely than not to be recoverable in this context and when probabilistic methods are used, there should be at least at least a 50 per cent probability that the quantities actually recovered will equal or exceed the sum of estimated proved plus probable reserves. |
|
Prospect |
Potential drilling target that is well defined by
seismic data. |
|
Proved |
Proved reserves are those quantities of petroleum which, by analysis of geological and engineering data, can be estimated with reasonable certainty to be commercially recoverable, from a given date forward, from known reservoirs and under current
economic conditions. |
|
Providence |
Providence Resources (GB) Limited |
|
RPS |
RPS Energy |
|
Shell Italia |
Shell Italia E&P S.p.A. |
|
Shell |
Shell E&P France SAS |
|
scf |
standard cubic feet |
|
Star Energy |
Star Energy Group plc |
|
million stb |
million Stock Tank Barrels |
|
T, t |
trillion (10^12) |
|
the Company |
Northern Petroleum Plc |
|
Total |
Total E&P Guyane Francaise SAS |
|
TSR |
Total shareholder return |
|
Tullow |
Tullow Oil Plc |
|
UITF |
Urgent Issues Task Force |
|
UK |
United Kingdom |
|
US |
United States |
|
Wessex |
Wessex Exploration |