Glossary


A

Acre

approximately 0.004 square kilometres

ADNOC

Abu Dhabi National Oil Company

ADS

American Depositary Share

B

b(/d)

barrels (per day)

BG

BG Group plc

boe(/d)

barrels of oil equivalent (per day); natural gas volumes are converted to oil equivalent using a factor of 5,800 scf per barrel

C

CCS

carbon capture and storage

CCS earnings

earnings on a current cost of supplies basis

CEO

Chief Executive Officer

CFFO

cash flow from operations

CNOOC

China National Offshore Oil Corporation

CO2

carbon dioxide

E

EOR

enhanced oil recovery

F

FCF

free cash flow

FEED

front end engineering and design

FID

final investment decision

FLNG

floating liquefied natural gas

FPSO

floating production, storage and offloading

FSRU

floating storage and regasification unit

G

GTL

gas to liquids

H

HSSE

health, safety, security and environment

I

IFRS

International Financial Reporting Standard(s)

IOC

international oil company

J

JV&A

Shell share of joint ventures and associates

K

kboe(/d)

thousand barrels of oil equivalent (per day)

km

kilometres

L

LNG

liquefied natural gas

LPG

liquefied petroleum gas

LRS

liquids-rich shale

M

MMBtu

million British thermal units

mtpa

million tonnes per annum

MW

megawatts

N

NCTL

Nembe Creek Trunkline

NGL

natural gas liquids

O

OML

oil mining lease

P

per day

volumes are converted into a daily basis using a calendar year

PSC

production-sharing contract

P&T

Projects & Technology

R

R&D

research and development

ROACE

return on average capital employed

S

SBM

single buoy mooring

scf(/d)

standard cubic feet (per day)

SEC

US Securities and Exchange Commission

SUBS

Shell subsidiaries

T

TSR

total shareholder return

W

WTI

West Texas Intermediate