Reserves as 'proven plus probable'
Billion cubic metres
The division of the sea into sub divisions (approximately 10 x 20 kms) in the UK North Sea
Barrel of oil equivalent
Central North Sea
Person or organisation with overall legal duty, or responsibility, for a project
Exploration & Production, also known as the 'upstream' sector of the industry
High Pressure/High Temperature - wells with higher pressure than most
Permit for an oil and gas company to explore or produce in a allocated area
Usually annually or bi-annually, this is the allocation period when the government puts acreage of the sea out to lease to exploration and production
Million standard cubic feet per day
Company who has legal authority to drill wells with the goal of producing hydrocarbons
Southern North Sea
United Kingdom Continental Shelf
West of Shetlands
Further glossary items can be found on the Oil & Gas UK website.