oilsearch.com

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Definitions (41)

1

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sti


Short Term Incentive.
Source: oilsearch.com

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1c


Low estimate of contingent resources.
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1p


Proven reserves.
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2c


Best estimate of contingent resources.
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2p


Proven and probable reserves.
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barrel/bbl


The standard unit of measurement for all production and sales.
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bcf/bscf


Billion standard cubic feet, a measure of gas volume.
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boe


Barrels of oil equivalent - the factor used to convert volumes of different hydrocarbon production to barrels of oil equivalent. Conversion rate used by Oil Search for gas is 6,000 scf = 1 boe up to and including 2013 production; 5,100 scf = 1 boe thereafter.
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bopd


Barrels of oil per day.
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btu


British Thermal Units, a measure of thermal energy.
Source: oilsearch.com


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