DEFINITIONS An extensive list of definitions can be found on the Lundin Petroleum website www.lundin-petroleum.com under the heading “Definitions”. Abbreviations CHF EUR GBP NOK RUR SEK USD TCHF TSEK TUSD MSEK MUSD
Swiss franc Euro British pound Norwegian krona Russian rouble Swedish krona US dollar Thousand CHF Thousand SEK Thousand USD Million SEK Million USD
Oil related terms and measurements bbl Barrel (1 barrel = 159 litres) bcf Billion cubic feet (1 cubic foot = 0.028 m3) Bn Billion boe Barrels of oil equivalents boepd Barrels of oil equivalents per day bopd Barrels of oil per day Bn boe Billion barrels of oil equivalents Mbbl Thousand barrels (in Latin mille) Mbo Thousand barrels of oil Mboe Thousand barrels of oil equivalents Mboepd Thousand barrels of oil equivalents per day MMbo Million barrels of oil MMboe Million barrels of oil equivalents MMbpd Million barrels per day MMbopd Million barrels of oil per day Mcf Thousand cubic feet Mcfpd Thousand cubic feet per day MMscf Million standard cubic feet Proved reserves Proved reserves are those quantities of petroleum which, by analysis of geological and engineering data, can be estimated with reasonable certainty to be commercially recoverable, from a given date forward, from known reservoirs and under current economic conditions, operating methods and governmental regulations. Proved reserves can be categorised as developed or undeveloped. If deterministic methods are used, the term reasonable certainty is intended to express a high degree of confidence that the quantities will be recovered. If probablistic methods are used, there should be at least a 90 percent probability that the quantities actually recovered will equal or exceed the estimates. Probable reserves Probable reserves are those unproved reserves which analysis of geological and engineering data suggests are more likely than not to be recoverable. In this context, when probablistic methods are used, there should be at least a 50 percent probability that the quantities actually recovered will equal or exceed the sum of estimated proved plus probable reserves.
Design Keith Laurie Printed in Sweden 2010 Landsten Reklam – Vindspelet Grafiska