Economic Report 2001 Index

Appendix II Glossary of Terms and Abbreviations bbl Barrel (1 barrel = 35 imperial gallons approximately) billion One thousand million boe Barrel of oil equivalent bboe Billion barrels of oil equivalent bcfpd Billion cubic feet per day bpd Barrels 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 CT Corporation Tax cfpd cubic feet of gas per day DEAL Digital Atlas and Library DTI Department of Trade and Industry EU European Union GoM Gulf of Mexico ITF Industry Technology Facilitator LIFT Licence Initiative for Trading LOGIC Leading Oil and Gas Industry Competitiveness kms Kilometres mboe Million barrels of oil equivalent Mbpd Thousand barrels per day NTS National Transmission System OPEC Organisation of Petroleum Exporting Countries OPITO Offshore Petroleum Industry Training Organisation OSPAR Oslo and Paris Convention for the Protection of the Marine Environment of the North East Atlantic PILOT Successor to the Oil and Gas Industry/Government Task Force (OGITF) PRT Petroleum Revenue Tax p/therm Pence per therm SNS Southern North Sea tcf Trillion cubic feet of gas Trillion One million million UKCS United Kingdom Continental Shelf UKOOA UK Offshore Operators Association WOS West of Shetland