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Abbreviation Defnition
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 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 changed 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
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