Two dimensional, three dimensional (seismic surveys)
|Alternative Investment Market|
Amplitude Variation with Offset
A depression in which sediments accumulate.
Barrel. The standard barrel of crude oil or other petroleum product is 42 gallons (approx 35 Imperial gallons or 159L)
Billion cubic feet
A defined area of the earth's surface used to delineate licences.
Barrels of oil equivalent per day
Barrels of oil per day
Controlled Source ElectroMagnetic Survey. Technology remotely detects the resistivity profile of the subsurface. Resistive anomalies may be associated with hydrocarbon accumulation.
|Corporate Social Responsibility|
Refining of crude oil and the marketing and distribution of oil products that occur after refining.
Direct Hydrocarbon Indicator
|Environmental Impact Statement|
Falkland Island Government
Falkland Oil and Gas Limited
Floating Production, Storage & Offloading vessel
|Health, safety, environmental and social performance|
A chemical compound consisting only of the elements: carbon & hydrogen. Hydrocarbons, which are combustible, are the main components of fossil fuels, which include petroleum, coal and natural gas.
Participation in an oil & gas project through an equity share. The working relationship is governed by a joint venture agreement.
A geographical structure which may contain hydrocarbons.
Exploration licence - permits only geological and geophysical surveying and the drilling of shallow wells.
Production licence - exclusive rights for the licensee to search for, drill and extract petroleum.
Liquid Natural Gas
Millions of barrels of oil equivalent
Millions of cubic feet
Millions of standard cubic feet per day
North Falklands Basin
The member of a joint venture which has been appointed to carry out operations on behalf of all parties in the joint venture.
|Oil Spill Response Plan|
Also called 'crude oil' - is a naturally occurring liquid found in formations in the the Earth consisting of a complex mixture of hydrocarbons.
A lead which has been fully evaluated and is ready to drill.
|Play||Prospects within a 'play' have the same central geologic characteristics for example in terms of age and reservoir type.|
Oil reserves refer to portions of oil in place (STOOIP) that are recoverable under technical and economic constraints.
A subsurface, porous, permeable rock formation in which oil and gas are found.
Data that are acquired by reflecting sound from underground strata and are processed to yield a picture of the sub-surface geology of an area.
Mobile offshore drilling platform with floats or pontoons submerged to give stability while operating, kept in position by anchors or dynamic positioning.
South Falklands Basin
|Spud||To start to drill a well|
Stock Tank initially in Place. Oil in place is the total hydrocarbon content of an oil reservoir, before the commencement of production. Stock tank refers to the storage vessel.
Trillion cubic feet
Refers to the exploration, production and transport of oil & gas, prior to refining