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Definitions (55)
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FPSO
Floating Production, Storage and Offloading vessel
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bitumen
Bitumen is petroleum in a solid or semi-solid state in natural deposits with a viscosity greater than 10,000 centipoise measured at original temperature in the deposit and atmospheric pressure, on a g [..]
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Carbonate
Sedimentary rock, primarily composed of calcium carbonate (limestone) or calcium magnesium carbonate (dolomite), which forms many petroleum reservoirs
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Capital expenditures
Includes capitalized administrative expenses but does not include proceeds, other assets or capitalized interest
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Coalbed Methane
Methane (CH4), the principal component of natural gas, is adsorbed in the pores of coal seams
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Cogeneration
The production of electricity and thermal energy from a common fuel source. Heat left over from industrial processes can be used to power an electric generator and conversely, surplus heat from an ele [..]
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Decommissioning
The ending of operations and the withdrawal of a facility from service, followed by its transformation into an out-of-service state and eventually, its complete removal
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Differentials
Discounts paid for Canadian heavy oil against benchmark West Texas Intermediate crude oil
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Feedstock
Raw materials which are processed into petroleum products
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Front-end engineering design
Preliminary engineering and design planning, which among other things, identifies project objectives, scope, alternatives, specifications, risks, costs, schedule and economics
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