Glossary of Key Terms Term Meaning API American Petroleum Institute measure of oil quality Barrel One barrel of oil; 1 barrel = 35 imperial gallons (approx.) or 159 litres (ap-prox.); 7.5 barrels = 1 tonne (approximately, depending on the oil density); 6.29 barrels = 1 cubic metre. BBL Barrels BCF Billion cubic feet BOE Barrels of oil equivalent BOP Blow out preventer BOPD Barrels of oil per day BSW Basic sediment and water Carbonate Class of sedimentary rocks which mainly contains calcite, aragonite and dolomite. COS Geological chance of success CUPET Cuba Petróleo Union, the State owned oil company of Cuba cP Centipoise DST Drill Stem Test – a procedure for testing the pressure and productive capacity of a geological formation. ECP External Casing Packer EPT Extended Production Test FMI Formation Microresistivity Imaging M Thousands MM Millions Metres MD Metres, Measured Depth Metres TVD Metres, Total Vertical Depth MPLT Memory Production Log Tool Prospect A project associated with a potential accumulation that is sufficiently well defined to represent a viable drilling target. Prospective Resources Those quantities of petroleum that are estimated, as of a given date, to be potentially recoverable from undiscovered accumulations. PSC Production Sharing Contract SGS Static Gradient Survey Sonangol Sonangol Pesquisa E Produção S.A, the Angolan national oil company TCF Trillion cubic feet Unrisked Prior to taking into account the chance of discovery. Contingent Resource These are quantities of petroleum that are estimated, as of a given date, to be potentially recoverable from known accumulations, but which are not currently considered commercial. 79 Melbana Energy Limited Annual Report 2024
RkJQdWJsaXNoZXIy MjE2NDg3