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GLOSSARY
Investor Affairs Department
Kuwait Energy Plc
Tel: +965 25767700, Fax: +965 25767709
Email
Web
Kuwait Energy plc, Queensway House, Hilgrove Street, St Helier, Jersey, JE1 1ES, Channel Islands
Abbreviation Definition
1H First half
2P Proven plus probable reserves
Barrel
The standard of crude oil or other petroleum product contains 42 US gallons, 35
Imperial gallons or 159 liters.
Bbl Barrel
Boe Barrels of oil equivalent
Boepd Barrels of oil equivalent per day
Bopd Barrels of oil per day
EGPC Egyptian General Petroleum Corporation (Egypt State Oil Company)
EPC Engineering, procurement and construction
ERQ East Ras Qattara
GCA Gaffney, Cline & Associates (Reserves & Resources Auditors)
HSSE Health, Safety, Sustainability and Environment
k Used to represent ‘thousand’. Often used in conjunctions with bopd/boepd
LTIFR Lost Time Incident Frequency Rate
M Metres
MENA Middle East and North Africa
Mmboe Million barrels of oil equivalent
Q1 First Quarter
Q2 Second Quarter
SOC
South Oil Company (Iraq’s State Oil Company responsible for operations in the
South of Iraq)
SOMO
State Oil Marketing Company (The Iraqi national company responsible for
marketing Iraq’s oil)
US$ United States Dollars
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
YE Year-End