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Glossary
On this page explanations of terms and abbreviations used on this website and across the oil & gas industry.
acre - approximately 0.4 hectares
ADS - American Depositary Share
AGM - Annual General Meeting
b/d - barrels per day
bcf/d - billion cubic feet per day
boe(/d) - barrels of oil equivalent (per day)
Btu - British thermal units
BTX - benzene, toluene, xylene
C$ - Canadian dollar
CHF - Swiss franc
CO2 - carbon dioxide
DBP - deferred bonus plan
EPC - engineering, procurement and construction
GHG - greenhouse gas
GTL - gas to liquids
HSE - health, safety and environment
HSSE - health, safety, security and environment
IFRIC - International Financial Reporting Interpretations Committee
IFRS - International Financial Reporting Standards
(k)dwt - (thousand) deadweight tonnes
LNG - liquefied natural gas
LPG - liquefied petroleum gas
LTIP - long-term incentive plan
MEG - mono-ethylene glycol
mtpa - million tonnes per annum
MW - megawatts
NGL - natural gas liquids
NGO - non-governmental organisation
NOC - national oil company
OML - onshore oil mining lease
OPEC - Organization of the Petroleum Exporting Countries
OPL - oil prospecting licence
PSA - production-sharing agreement
PSC - production-sharing contract
R&D - research and development
REMCO - Remuneration Committee
RSP - restricted share plan
scf - standard cubic feet
SEC - United States Securities and Exchange Commission
SM/PO - styrene monomer/propylene oxide
TRCF - total recordable case frequency
USGC - United States Gulf Coast
WTI - West Texas Intermediate
