14 / 16
13
Glossary
appraisal well:
A well drilled as part of an appraisal drilling
programme which is carried out to determine the physical extent,
reserves and likely production rate of a field.
boepd
: barrels of oil equivalent per day
development well
: a well drilled within the proved or probable
reserves area of al oil or gas reservoir to the depth of a
stratigraphic horizon known to be productive
EBITDA
:
Earnings Before Interest, Taxes, Depreciation and
Amortization
EGPC
: Egyptian General Petroleum Corporation
exploration well:
a well drilled to determine whether
hydrocarbons are present.
field:
the geographical area encompassing a group of one or more
underground petroleum pools sharing he same or related
infrastructure.
HSSE
: Health, Safety, Sustainability and Environment
IOGP
: International Association of Oil & Gas Producers
LTIFR
: lost time incidents frequency rate
mmboe
: million barrels oil equivalent
proven reserves :
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, operating methods, and government regulations
Probable reserves:
reserves which analysis of geological and
engineering data suggests are more likely than not to be
recoverable
production
: quantity of petroleum produced in a given period
TRIFR:
total recordable incidents frequency rate
WI
: working interest
YTD:
year to date