Main Report Index

Appendices Glossary of Terms and Abbreviations bbl       barrel (1 barrel = 6.3 m3) bcm   billion cubic metres (1m3 = 35.3 cubic feet) billion   One thousand million boe   barrel of oil equivalent - energy terms (1 boe= 164 m3 gas = 5.8 thousand cubic feet) bpd   barrels per day boepd   barrel of oil equivalent per day Brownfield   field currently in production or under development Capex   Capital expenditure CNS   Central North Sea CT   Corporation Tax DTI   Department of Trade and Industry EU   European Union FYA   First Year Allowances kboepd   thousand barrels of oil equivalent per day kbopd   thousand barrels of oil per day m3/d   cubic metres per day (gas) NNS   Northern North Sea NTS   National Transmission System OSPAR   Oslo and Paris Convention for the Protection of the Marine Environment of the North East Atlantic PILOT   Joint oil and gas industry / government forum chaired by the Minister for Energy PRT   Petroleum Revenue Tax p/therm   Pence per therm SCT   Supplementary charge to Corporation Tax SNS   Southern North Sea UKCS   United Kingdom Continental Shelf WoS   West of Shetlands For further information, please contact UKOOA: Email: info@oilandgasuk.co.uk