112-113 / 116
113
112
Glossary & Defnitions
Abbreviation
Defnition
#
Number
1P
proven reserves
2C
contingent resources mid-case recoverable volume
2P
proven plus probable reserves
3D
three dimensional
3P
proven, probable and possible reserves
AAPG
American Association of Petroleum Geologist
AAPG Suez
American Association of Petroleum Geologist Suez
ADC
Arabian Drilling Company
ADEP
Awaiting Development with Exploration Potential
AGM
Annual General Meeting
APEGA
Association of Professional Engineers and Geoscientists of Alberta
B.Sc.
Bachelor of Science
Barrel
The standard of crude oil or other petroleum product contains 42 US gallons, 35
Imperial gallons or 159 litres
bbl
Barrel
Bcf
billion cubic feet
BEA
Burj El Arab
BOD
Board of Director
Boe
barrels of oil equivalent
boepd
barrels oil equivalent per day
bopd
barrels of oil per day
CEO
Chief Executive Officer
CFO
Chief Financial Officer
CPF
Central Production Facilities
CSR
Corporate Social Responsibility
E&P
Exploration and Production
EA
Exploration Asset
EGPC
Egyptian General Petroleum Corporation
EIS
Employee Incentive Scheme
EPS
earnings per share
ERQ
East Ras Qattara
EVCA
Extra-Value Creation Awards
G&A
General and Administrative
GCA
Gaffney, Cline & Associates
GOR
Gas-oil ratio
HAZOP
Hazard and Operability Study
HR
Human Resources
HSSE
Health, safety, sustainability and environment
IFRS
International Financial Reporting Standards
ISC
International Standards Certification
ISO
International Organization for Standardization
KBE
Knight Commander of the Most Excellent Order of the British Empire
KOC
Kuwait Oil Company
KSF
Karim Small Fields
KUFPEC
Kuwait Foreign Petroleum Exploration Company
LTI
Lost Time In Incidents
LTIP
Long Term Incentive Plan
M&A
Mergers and Acquisitions
MA
Master of Arts
MENA
Middle East and North Africa
mbbl
million barrels
mmboe
million barrels of oil equivalent
mmscf/d
million metric standard cubic feet per day
mscf
thousand standard cubic feet
NHEPL
New Horizon Exploration & Production Limited, Pakistan
PAEP
Producing Asset with Exploration Potential
Ph.D.
Doctorate
PRMS
Petroleum Resources Management System
PSTM
Pre-Stack Time Migration
QFIB
Qatar First Investment Bank ( which has recently changes its name to Qatar First
Bank)
RemCo
Remuneration Committee
RRR
reserves replacement ratio; derived using total reserves additions in a period/total
production in same period
scf
standard cubic feet
SCU
Suez Canal University
SEG
Society of Exploration Geophysicists
SID
Senior Independent Director
SOC
South Oil Company
SPE
Society of Petroleum Engineers
SPEE
Society of Petroleum Evaluation Engineers
sq. km
square kilometre
STIP
Short Term Incentive Plan
TPAO
Turkish Petroleum Corporation
TRIFR
Total Recordable Incidents Frequency Rate
UK
United Kingdom
US$
United States Dollars
USA
United States of America
VP
Vice President
VSMP
Voluntary Share Matching Plan
WI
Working Interest: a company’s interest in a project before reduction for royalties or
production share owed to others under the applicable fiscal terms
WIGs
Wildly Important Goals
YE13
Year-end 2013
YE14
Year-end 2014