| bbl | barrel (1 barrel = 6.3 m3) |
| bcm | billion cubic metres (1 metre 3 = 35.3 cubic feet) |
| billion | One thousand million |
| boe | barrel of oil equivalent includes oil, gas and gas or other hydrocarbon liquids and equates all of these with oil, so that a single measure can be made of two or more of them in combination
(1 boe= 164 m3 or 5.8 thousand cubic feet of gas) |
| bpd | barrels per day |
| boepd | barrel of oil equivalent per day |
| CCS | Carbon Capture and Storage |
| CNS | Central North Sea |
| CO2 | carbon dioxide (one of the six "greenhouse gases" under the Kyoto protocol) |
| CT | Corporation Tax |
| DTI | Department of Trade and Industry |
| E&A | exploration and appraisal (drilling) |
| EOR | enhanced oil recovery |
| EU | European Union |
| EU ETS | European Union Emissions Trading Scheme |
| kboepd | thousand barrels of oil equivalent per day |
| kbopd | thousand barrels of oil per day |
| kWh | kilo Watt hour (of electricity) |
| LNG | liquified natural gas |
| m3/d | cubic metres per day (of gas) |
| Mtoe | Million tonnes of oil equivalent |
| MW | Mega Watts (of electricity) |
| MS | Member State (of the EU) |
| NNS | northern North Sea |
| ONS | Office of National Statistics |
| OSPAR | Oslo and Paris Convention for the Protection of the Marine Environment of the North East Atlantic |
| OPITO | training organisation for the offshore oil and gas industry |
| PILOT | joint oil and gas industry - Government task force chaired by the Secretary of State |
| PRT | Petroleum Revenue Tax |
| p/therm | Pence per therm |
| RoCE | Return on Caplital Employed |
| SCT | Supplementary Charge to Corporation Tax |
| SNS | Southern North Sea (sometimes reffered to as “southern gas basin”) |
| UKCS | United Kingdom Continental Shelf |
| WoS | West of Shetlands (sometimes reffered to as “Atlantic margin”) |
Main Report Index
