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PAKISTAN OILFIELDS LIMITED
2D Seismic
Exploration method of sending energy waves or sound waves into
the earth and recording the wave reflections to indicate the type,
size, shape, and depth of subsurface rock formations. 3-D seismic
provides two dimensional information.
3D Seismic
Exploration method of sending energy waves or sound waves into
the earth and recording the wave reflections to indicate the type,
size, shape, and depth of subsurface rock formations. 3-D seismic
provides three dimensional information.
AED
Automated External Defibrillators
Commercial Risk
Potential losses arising from the trading partners or the market.
Contractual Risk
Probability of loss arising from failure in contract performance.
DST
Drill Stem Test
E & P Companies
Exploration and Production Companies
Exploratory well
A well drilled to find and produce oil or gas in an unproved area, find
a new reservoir in a field previously found to be productive in another
reservoir, or extend a known reservoir.
Hydrocarbon
An organic compound of hydrogen and carbon (i.e., oil, gas, and NGL).
ISO
International Organisation for Standardisation
Langrial Formation
Geological Formation
Lockhart Formation
Geological Formation
LPG
Liquefied petroleum gas.
Operational Risk
Risks resulting from breakdowns in internal procedures, people and
systems
PSI
Pounds per square inch
PBTE
Punjab Board of Technical Education
Reservoir
Porous and permeable underground formation that contains a natural
accumulation of producible oil or gas. The formation is confined by
impermeable rock or water barriers and is individual and separate
from other reservoirs.
Seismic interpretation
To interpret the extent and geometry of rocks in the subsurface from
2D or 3D seismic data
Spud
Commencement of actual drilling operations.
SSGCL
Sui Southern Gas Company Limited
TEVTA
Technical Education of Vocational Training Authority
VTC
Vocational Training Center
MMSCFD
Million Standard Cubic Feet Per Day
MTD
Metric Tonnes Per Day
BPD
Barrels Per Day
KCDF
Khaur Crude Oil Decanting Facility
BPR
Business Process Reengineering
CSR
Corporate Social Responsibility
SECP
Securities & Exchange Commission of Pakistan
DTP
Directors’ Training Programme
GLOSSARY