Abbreviations
A
acre
approximately 0.004 square kilometres
ADS
American Depositary Share
B
bbl
barrel of 42 gallons of oil
b(/d)
barrels (per day)
boe(/d)
barrels of oil equivalent (per day); natural gas volumes are converted into 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
CO2
carbon dioxide
D
DES
Delivered Ex Ship
F
FID
final investment decision
FLNG
floating liquefied natural gas
FPSO
floating production, storage and offloading
G
GAAP
generally accepted accounting principles
GHG
greenhouse gas
GTL
gas to liquids
I
IAS
International Accounting Standard
IEA
International Energy Agency
IFRS
International Financial Reporting Standard(s)
J
JCC
Japan Customs-cleared Crude
JKM
Japan Korea Marker
JV&A
Joint ventures and associates
K
kboe(/d)
thousand barrels of oil equivalent (per day); natural gas volumes are converted into oil equivalent using a factor of 5,800 scf per barrel
L
LNG
liquefied natural gas
LPG
liquefied petroleum gas
M
megajoule
a unit of energy equal to one million joules
MMBtu
million British thermal units
mtpa
million tonnes per annum
MW
megawatts
N
NBP
National Balancing Point
NGL
natural gas liquids
O
OML
oil mining lease
OPL
oil prospecting licence
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
scf(/d)
standard cubic feet (per day)
SEC
US Securities and Exchange Commission
SUBS
Shell subsidiaries
T
TSR
total shareholder return
U
UDC
unit development cost
W
WCS
Western Canadian Select
WTI
West Texas Intermediate