Economic Report 1999 Index

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Glossary of Terms and Abbreviations ACBE Advisory Committee on Business and the Environment bbl Barrel (1 barrel = 35 imperial gallons approximately) boe Barrel of oil equivalent bboe Billion barrels of oil equivalent boepd Barrel of oil equivalent per day Brown fields Mature fields Capex Capital expenditure CBI Confederation of British Industry CCL Climate Change Levy CHP Combined Heat and Power CT Corporation Tax DEAL Data Environment Associated with LIFT DETR Department of the Environment, Transport and the Regions DTI Department of Trade and Industry E&P Exploration & Production EU European Union EVA Economic Value Added IFT Industry Technology Facilitator LIFT Licence Initiative for Trading LOGIC Leading Oil and Gas Industry Competitiveness mboe Million barrels of oil equivalent Mbpd Thousand barrels per day OECD Organisation for Economic Co-operation and Development OGITF Oil and Gas Industry Task Force OPEC Organisation of Petroleum Exporting Countries OSPAR Oslo and Paris Convention for the Protection of the Marine Environment of the North East Atlantic PRT Petroleum Revenue Tax P/therm Pence per therm S&P 500 Standard & Poor Share Index (USA) UKCS United Kingdom Continental Shelf UKOOA UK Offshore Operators Association