G-1
GLOSSARY OF TERMS
The following technical terms apply throughout this document unless the context requires otherwise:
Appraisal Well
A well drilled to assess the characteristics (such as flow rate, size, quality) of a hydrocarbon
discovery or reservoir discovered by an exploration well
bbld
barrels per day
bcd
barrels of condensate per day
bnbbl
billion barrels
boepd
barrels of oil equivalent per day
bopd
barrels of oil per day
Bscf
Billion standard cubic feet
BTU
British Thermal Unit
Cost Interest
The Group’s percentage interest of costs payable under the contract or joint-venture agreement
for an asset
Development Well
A well drilled, within a development lease area where associated reserves are booked for an oil
and/or gas reservoir, to the depth of a stratigraphic horizon known to be productive. A
development well may be a producing well or a shut in well
Exploration Drilling
Success Rate
Number of successful (ie non dry wells) exploration wells drilled in a given period as a
proportion of total exploration wells drilled in that period
Exploration Well
A well drilled: (i) to find and produce oil or gas from an accumulation previously considered as
an undiscovered; (ii) to find a new reservoir in a known field, i.e., a field previously producing
oil and gas from another reservoir (the incremental drilled is considered to be within the
exploration criteria if the well targeted producing reservoirs)
Finding Costs Per
Barrel
Total dollar exploration capital expenditures in a period divided by exploration additions to
working interest 2P reserves during that period
LPG
liquefied petroleum gas
LTI
lost time incident
MENA
Middle East & North Africa
MM
Million
MMBOE/mmboe
Million barrels oil equivalent
mmscfd
Million standard cubic feet per day
Murabaha
Shari’a compliant contract used in financing in which the bank sells to the customer
commodities at cost plus profit; payment of the price can be deferred, with the customer
making instalment payments.
Possible
Possible reserves are those additional reserves which analysis of geoscience and engineering
