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Glossary/Definitions
| 2C |
Proved and probable contingent gas resources |
| Block |
Sub-division of an underground oil and gas reservoir |
| bopd |
barrels of oil per day |
| Certification of reserves |
Reserves certification based on a seismic survey conducted by an independent reserves Auditor |
| Dragon Oil/the Group |
Dragon Oil plc and its various subsidiary companies |
| Dual completion |
Two pay zones in the same well that produce up independent flow paths in the same well |
| m |
metres |
| MENA |
Middle East and North Africa |
| Overlift |
Over production, beyond the allotment or contract volume, that must be accounted for in a contract |
| Product Sharing Agreement (PSA) |
Contractual arrangement for exploration and development of hydrocarbon resources |
| Platform |
Large structure used to house employees and machinery needed to drill wells in an underwater reservoir to extract oil and gas for transportation to shore |
| Proved reserves (1P) |
Reserves claimed to have at least a 90% certainty of recovery under existing economic and political conditions, and using existing technology. |
| Probable reserves (2P) |
Reserves based on median estimates, and claim a 50% confidence level of recovery |
| Seismic survey |
Method of investigating subterranean structure based on determinations of the time interval that elapses between the initiation of a seismic wave at a selected shop point and the arrival of reflected or refracted impulses at one or more seismic detectors |
| tcf |
trillion cubic feet |
| Underlift |
Under production, short of the allotment or contract volume, that must be accounted for in a contract |
| US Cents |
United States cents |
| US$ |
United States Dollars |
| Workover |
Well intervention involving invasive techniques, such as wireline, coiled tubing or snubbing |