Glossary of Terms

3D Three dimensional (usually applying to seismic data acquired in multiple lines simultaneously)
AMI Area of Mutual Interest
Bbl US barrel
Bbl/d US barrels per day
Bcf Billion (one thousand million) standard cubic feet
bcpd barrels of condensate per day
Boe Barrel of oil equivalent
bopd Barrels of oil per day
DHI Direct hydrocarbon indicator
FEU Federal Exploration Unit
FTP Flowing Tubing Pressure
GIIP Gas initially in place
MD Measured Depth
MMbbl Million Barrels of Oil
MMscf Million standard cubic feet
NRI Net Revenue Interest
OWC Oil water contact
P&A Plugged and Abandoned
P10 Resources at the P10 level, meaning there is a 10% probability of recovering greater than this volume of resources
P50 Resources at the P50 level, meaning there is a 50% probability of recovering greater than this volume of resources
P90 Resources at the P90 level, meaning there is a 90% probability of recovering greater than this volume of resources
PJ Peta joule, measurement of the energy value of gas. Equivalent to approximately 1 Bcf.
Prospective Resource Those quantities of petroleum which are estimated, on a given date, to be potentially recoverable from undiscovered accumulations.
Reserves Those quantities of petroleum which are anticipated to be recoverable from known accumulations from a given date forward.
STOIIP Stock tank oil initially in place
Tcf Trillion (one million million) standard cubic feet
TD Total depth
TVD True vertical depth
TVDss True vertical depth subsea
WI Working Interest
 
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