Glossary

$ 2 3 A B C E F G H K L M N O P R S T U W

 

$ Australian Dollars
2C Contingent Resources
2D two-dimensional
2P Proved and Probable Resources
3D three-dimensional
AAPG American Association of Petroleum Geologists
AMI Area of Mutual Interest
APPEA Australian Petroleum Production & Exploration Association
APR means the New Zealand Accounting Profits Royalty
ASIC Australian Securities and Investments Commission
ASX Australian Securities Exchange
bbl barrel
BCF billion cubic feet
BOE barrels of oil equivalent
BOPD barrels of oil per day
Capex capital expenditure
CDP Carbon Disclosure Project
CPI Consumer Price Index
CPS cents per share
CY calendar year
EBIT earnings before interest and tax
EBITDAX earnings before interest, tax, depreciation, amortisation and exploration expenses
FEED Front End Engineering and Design
FID Final Investment Decision
FPSO Floating Production Storage and Offloading vessel
FY financial year
GJ  gigajoule
GST Goods and Services Tax
HSE Health, Safety and Environment
km kilometre
KPI Key Performance Indicator
K tonnes thousand tonnes
LNG Liquefied Natural Gas
LPG liquefied petroleum gas
LTIF loss time injury frequency
LTIFR lost time injury frequency rate
M&A Mergers and Acquisitions
MLE mid life enhancement
million bbls million barrels
mmbbls million barrels
MMBOE million barrels of oil equivalent
mmscf/d million standard cubic feet per day
NGERs National Greenhouse & Energy Reporting Scheme
NPAT Net Profit After Tax
pa per annum
PESA Petroleum Exploration Society of Australia
PJ petajoule
POD Plan of Development
PSC Production Sharing Contract
Probable means reserves additional to proved
reserves reserves that can be estimated with a degree of certainty (greater than 50% probability) sufficient to indicate they are more likely to be recovered than not
Proved means reserves that can be
reserves estimated with reasonable certainty (greater than 90% probability) to be recoverable under current economic conditions
PRRT means the petroleum resource rent tax imposed with respect to petroleum products pursuant to the Petroleum Resource Rent Tax Act 1987 (Cth) and the Petroleum Resource Rent Tax Assessment Act 1987 (Cth)
reserves means the volume of economically recoverable oil or gas contained in a geological formation form a given date forward
reservoir means a rock that is both porous and permeable
SPEE Society of Petroleum Evaluation Engineers
sq km square kilometres
spud date when drilling begins
TJ terajoule
TRCF total reportable case frequency
TRIFR total recordable incident frequency rate
TSR total shareholder returns
US$ or USD US Dollars
WHP well head platform
WPC World Petroleum Council
WTI West Texas Intermediate

 

 

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