GLOSSARY

Established reserves

The portion of the discovered resource base that is estimated to ...
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Exploration well

A well into an area where petroleum has not been previously ...
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Environmental Impact Assessment (EIA)

Part of project management concerned with identifying through a formal written ...
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Environmental Management Systems (EMS)

A process that examines environmental factors and activities or processes that ...
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Exploration

Search for hydrocarbons by Geological and Geophysical (G&G) surveys that may ...
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Exploration Expenditure

All costs, including premium payments, associated with acquisition of new acreage, ...
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Field

The surface area above one or more underground petroleum pools sharing ...
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Flaring/Venting

The controlled burning (flare) or release (vent) of natural gas that ...
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Flow line

Pipe, usually buried, through which oil or gas travels from the ...
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