3C Initiative – The 3C Initiative was launched on 11 January 2007 by a statement appealing to the global community and all its representatives to join forces with business leaders around a common vision of a low emitting, sustainable society and to cooperate to create a roadmap that leads to its realization. Following a six month process of open consultation with many of the initiative's participating companies, a series of recommendations were launched in Washington D.C. on 9 November 2007.
ADSM – Abu Dhabi Securities Market
ADWEC - Abu Dhabi Water and Electricity Company, a subsidiary of ADWEA which is the sole buyer of IWPP Production in the UAE.
ADWEA - Abu Dhabi Water and Electricity Authority, a governmental authority which owns 51.0% of TAQA’s share capital
AED - UAE Dirham
API – American Petroleum Institute. API gravity is a standard method of measuring density of crude oils and is expressed in degrees
Arabian Power - Arabian Power Company PJSC
Barrel – Measure of crude oil equal to 42 USA gallons, 35 Imperial gallons or 159 liters. Takes its name because the first oil produced in the USA was stored and transported in wooden barrels.
Basin – A dip in the earth’s crust usually filled or being filled with sediment. It is a basic concept in petroleum geology.
bbl - The abbreviation for barrel.
bbls/d - Barrels per day
bcf- One billion cubic feet of gas
boe – Barrels of oil equivalent. A figure used when expressing the combined volume of oil and gas reserves
boe/d - Barrels of oil equivalent per day
Completion – The final preparation to ready a well for production.
Condensate – Hydrocarbons which are gaseous in a reservoir, but which condensate to form a liquid as they rise to the surface where the pressure is much less.
CSR-Corporate Social Responsibility
ECPC - Emirates CMS Power Company PJSC
Farm-in/out – An arrangement between one or more parties and the company or group holding a lease title to an exploration or production area whereby the former pays to earn an interest in the permit. Payment may be in cash or in the form of a work program
Farmers Fund - Governmental Fund that owns 24.1% of TAQA
GAAP - Generally Accepted Accounting Principles
GCC - Gulf Cooperation Council
Greenfield - The construction of new plants. Taweelah A2 and Shuweihat S1 are examples of greenfield developments
Group - TAQA and its subsidiaries
GWh-Gigawatt –hour
Hybrid car - A hybrid electric vehicle (HEV) is a vehicle which combines a conventional propulsion system with an on-board rechargeable energy storage system (RESS) to achieve better fuel economy than a conventional vehicle without being hampered by range from a charging unit like a battery electric vehicle, which uses batteries charged by an external source
IFRS - International Financial Reporting Standards
IWPPs - Independent Power and Water Producers
JLEC - Jorf Lasfar Energy Company SCA
Joint venture – A group of companies or individuals who share the cost and rewards of exploring for and producing oil or gas from a permit
Light crude – Generally refers to crude oil with an API gravity of 30 degrees or more
mcf - thousand cubic feet
mcf/d - thousand cubic feet per day
MIG – Million Imperial Gallons
MIGD - Million Imperial Gallons per Day
Mmbbls - Million barrels
mmboe- Millions of barrels of oil equivalent
mmcf – Million cubic feet of gas
MW - Megawatt
MWh - Migawatt-hour ( a unit of energy equal to one thousand watt hours)
Nm3 - A cubic meter of gas volume at normal, i.e. atmospheric pressure conditions.
Nm3/d - A normal cubic meter of gas per day
Natural Gas - A naturally occurring mixture of hydrocarbon and nonhydrocarbon gases found in porous geological formations beneath the earth’s surface, often in association with petroleum. The principal constituent is methane
O&M - Operation and Maintenance
O&M Agreement - Management, operation and maintenance agreement between the operating subsidiary and a contractor
Operator – The company which organizes the exploration and production programs in a permit on behalf of all the interest holders in the permit
P1 reserves – See proved reserves
P2 reserves – See probable reserves
Peak-shaving facilities - Peak-shaving facilities are used for storing surplus natural gas that is to be used to meet the requirements of peak consumption later during winter or summer
Permeability – The degree to which fluids can move through a rock
Permit – An area of a specified size within a sedimentary basin which is licensed or allocated to a company or companies by the government for the purpose of exploring for and producing oil and gas. In Australia separate licenses are issued for exploration and production
PGI - Piek Gas Installatie
Pioneer Canada - Pioneer Natural Resources Canada Inc., Pioneer Natural Resources
Canada and Pioneer Natural Resources Canada ULC
Possible reserves – Those unproved reserves which analysis of geological and engineering data suggests are less likely to be recoverable than possible reserves. In this context, when probabilistic methods are used, there should be at least a 10 percent probability that the quantities actually recovered will equal or exceed the sum of estimated proved plus probable plus possible reserves. [Society of Petroleum Engineers, www.spe.org]
PPA - Power Purchase Agreement
Probable reserves – Those unproved reserves which analysis of geological and engineering data suggests are more likely than not to be recoverable. In this context, when probabilistic 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. [Society of Petroleum Engineers, www.spe.org]
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 government regulations. 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 probabilistic methods are used, there should be at least a 90 percent probability that the quantities actually recovered will equal or exceed the estimate. [Society of Petroleum Engineers, www.spe.org]
Production sharing contract or PSC – Production haring content, where an oil company is contracted to explore for and produce oil and gas under preset arrangements to share the proceeds with the host government or its natural petroleum company
PWPA – Power and Water Purchase agreement
Reservoir – A rock or formation which holds hydrocarbons within the pore spaces between individual grains
S&P - Standard & Poor’s Rating Group, a division of The McGraw-Hill Companies, Inc.
Sales gas – Natural gas that is sold into the distributor/retail market after being treated to remove impurities
SCA - Securities and Commodities Authority
SCECPL - ST-CMS Electric Company Private Limited
SCIPCO - Shuweihat CMS International Power Company PJSC
Suspended – A well is suspended when it is likely to be re-entered at a later date, either to continue drilling or to run a test of a reservoir that was not possible or convenient during the original drilling. The well is suspended by setting cement plugs that can be drilled out when re-entry takes place
Talisman - Talisman Energy (UK) Limited and Talisman LNS Limited
TAPCO - Taweelah Asia Power Company PJSC
TAQA - Abu Dhabi National Energy Company PJSC
TAQA Bratani - TAQA Bratani Limited
TAQA Energy - TAQA Energy B.V.
TAQA Europa - TAQA Europa B.V.
TAQA Generation - TAQA Generation LLC
TAQA New World - TAQA New World, Inc.
TAQA North - TAQA North Ltd.
Taweelah A2 Operating - Taweelah A2 Operating Company LLC
TNEB - Tamil Nadu Electricity Board
TNERC - Tamil Nadu Electricity Regulatory Commission
TUPC - Taweelah United Power Company PJSC
UAE - United Arab Emirates
UPC - Union Power Company PJSC
