Economic Report 2000 Index

Appendix 2 Glossary of Terms and Abbreviations Bbl Barrel (1 barrel = 35 imperial gallons approximately) Boe Barrel of oil equivalent Bboe Billion barrels of oil equivalent Bcfpd Billion cubic feet per day Boepd Barrel of oil equivalent per day Brown Fields Fields currently in production or under development Capex Capital expenditure CCL Climate Change Levy CHP Combined Heat and Power CRINE Cost Reduction In a New Era CT Corporation Tax DEAL Digital Energy Atlas and Library DETR Department of the Environment, Transport and the Regions DTI Department of Trade and Industry EU European Union EVA Economic Value Added Heren Index Index for the volume weighted - average of all gas trades for a month IFT Industry Technology Facilitator LIFT Licence Initiative for Trading LOGIC Leading Oil and Gas Industry Competitiveness LTI The long term interruptible contract price for gas Mboe Million barrels of oil equivalent Mbpd Thousand barrels per day NBP National Balancing Point OECD Organisation for Economic Co-operation and Development OPEC Organisation of Petroleum Exporting Countries PILOT Successor to the Oil and Gas Industry/Government Task Force (OGITF) PRT Petroleum Revenue Tax p/therm Pence per therm scfpd Standard cubic feet of gas per day UKCS United Kingdom Continental Shelf UKOOA UK Offshore Operators Association White Zone Area West of Shetland up to Faroe Island Median Line