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Acronyms

Acronyms | Glossary A-E | Glossary F-K | Glossary L-P | Glossary Q-Z
Word Abbreviation Description
1C 1C

Low estimate of contingent resources.

1P 1P

Proved reserves.

2C 2C

Best estimate of contingent resources.

2P 2P

Proved and probable reserves.

3C 3C

High estimate of contingent resources.

3P 3P

Proved, probable and possible/ reserves.

AEMC AEMC

Australian Energy Market Commission.

AER AER

Australian Energy Regulator.

AFE AFE

Authorisation for Expenditure.

AMDQ AMDQ

Authorised Maximum Daily Quantity.

ANTS ANTS

Australian National Transmission Statement.

API API

American Petroleum Institute.

ASIC ASIC

Australian Standard Industry Code / Australian Securities and Investment Commission.

AVO AVO

Amplitude Variation with Offset.

b/bbl b/bbl

Barrel.

Bcf Bcf

Billion cubic feet.

Bcm Bcm

Billion cubic metres.

BOE BOE

Barrels of oil equivalent.

BOPD BOPD

Barrels of oil per day.

Btu Btu

British Thermal Unit.

C & F C & F

Cost and Freight.

CAGR CAGR

Compound Average Growth Rate.

CAPM CAPM

Capital Asset Pricing Model.

CBJV CBJV

Cooper Basin Joint Venture.

CBM CBM

Coal Bed Methane.

CCGT CCGT

Combined Cycle Gas Turbine.

CCS CCS

Carbon Capture and Storage.

CDD CDD

Cooling Degree Days.

CDM CDM

Clean Development Mechanism.

CER CER

Certified Emission Reduction.

CGP CGP

Carpentaria Gas Pipeline (also known as Mount Isa pipeline).

CIF CIF

Cost plus Insurance plus Freight.

CMM CMM

Coal Mine Methane.

CNG CNG

Compressed Natural Gas.

CO2 CO2

Carbon Dioxide.

CO2-e CO2-e

Carbon Dioxide Equivalent.

COAG COAG

Council of Australian Governments.

CPI CPI

Consumer Price Index.

CPRS CPRS

Carbon Pollution Reduction Scheme.

CRF CRF

Cost and Freight.

CSG CSG

Coal Seam Gas.

CSM CSM

Coal Seam Methane.

CWC CWC

Completed Well Cost.

DCF DCF

Discounted Cash Flow.

DCQ DCQ

Daily Contract Quantity.

DD & A DD & A

Depreciation, Depletion and Amortisation.

DNSP DNSP

Distribution Network Service Provider.

DOE DOE

Department of Energy (US).

DORC DORC

Depreciation Optimised Replacment Cost.

DSP DSP

Demand Side Participation.

DUOS DUOS

Distribution Use of System.

ECBM ECBM

Enhanced Coal Bed Methane.

EGP EGP

Eastern Gas Pipeline.

EIA EIA

Energy Information Administration.

EIS EIS

Environmental Impact Statement.

EITE EITE

Emissions-Intensive Trade Exposed.

EJ EJ

Exajoule (1000PJ)

EOR EOR

Enhanced Oil Recovery.

EPA EPA

Environmental Protection Agency.

EPC EPC

Engineering Procurement Construction.

ESCoSA ESCoSA

Essential Services Commission of South Australia.

ESIPC ESIPC

Electricity Supply Industry Planning Council.

ESP ESP

Electric Submersible Pump

EU EU

European Union.

EU-ETS EU-ETS

European Union Emissions Trading Scheme.

EUR EUR

Estimated Ultimate Recovery.

F & D Cost F & D Cost

Finding and Development Cost.

FCAS FCAS

Frequency Controlled Ancillary Services.

FEED FEED

Front End Engineering Design.

FID FID

Final Investment Decision

FLNG FLNG

Floating LNG Facility.

FOB FOB

Free On Board.

FPSO FPSO

Floating Production Storage and Offloading.

FRC FRC

Full Retail Contestability.

GBJV GBJV

Gippsland Basin Joint Venture.

GEC GEC

Gas Electricity Certificates (Queensland State Government).

GGAS GGAS

Greenhouse Gas Reduction Scheme.

GGT GGT

Goldfields Gas Transmission Pipeline.

GHG GHG

Greenhouse Gas.

GIP GIP

Gas in Place

GJ GJ

Gigajoule.

GW GW

Gigawatt.

GWC GWC

Gas Water Contact.

GWh GWh

Gigawatt hour.

HAZOP HAZOP

Hazard and Operability

HDD HDD

Heating Degree Days.

HOA HOA

Heads of Agreement.

HVAC HVAC

Heating, Ventilating and Air Conditioning.

HVDC HVDC

High Voltage Direct Current.

IEA IEA

International Energy Agency.

IMOWA IMOWA

Independent Market Operator of Western Australia.

IP IP

Initial Production Rate.

IPART IPART

Independant Pricing and Regulatory Tribunal.

IPCC IPCC

Intergovermental Panel on Climate Change.

IPM IPM

Intergrated Project management.

IPP IPP

Independent Power Producer.

IRR IRR

Internal Rate of Return.

J J

Joule.

JCC JCC

Japanese Crude Cocktail / Japanese Customs Cleared Crude.

JV JV

Joint Venture.

KBOE KBOE

Thousand BOE.

Kh

The product of permeability and formation thickness.

KL KL

Kilolitres.

KPa KPa

Kilopascals.

KW KW

Kilowatt.

KWh KWh

Kilowatt hour.

L L

Litres.

LNG LNG

Liquefied Natural Gas.

LPG LPG

Liquefied Petroleum Gas.

LWD LWD

Logging While Drilling.

MAP MAP

Moomba-Adelaide Pipeline.

MCE MCE

Ministerial Council on Energy.

MCF MCF

One thousand cubic feet.

MDQ MDQ

Maximum Daily Quantity.

MJ MJ

Megajoule.

MLF MLF

Marginal loss factor.

MMBTU MMBTU

One million Btu.

MMCF MMCF

One million cubic feet.

MMCM MMCM

One million cubic metres.

MNSP MNSP

Market Network Service Provider.

MOU MOU

Memorandum of Understanding.

MRET MRET

Mandated Renewable Energy Target.

MSP MSP

Moomba Sydney Pipeline.

Mtpa Mtpa

Million tonnes per annum

MW MW

Megawatt

MWD MWD

Measure While Drilling

MWh MWh

Megawatt hour

NCAS NCAS

Network Control Ancillary Service

NEM NEM

National Electicity Market

NEMMCO NEMMCO

National Electricity Market Management Company Limited

NGL NGL

Natural Gas Liquids

NSAI NSAI

Netherland Sewell and Associates Inc.

NSP NSP

Network Service Provider

NSW NSW

New South Wales

NYMEX NYMEX

New York Mercantile Exchange

O & M O & M

Operating and Maintenance

OCGT OCGT

Open Cycle Gas Turbine

OGIP OGIP

Original Gas in Place

OOIP OOIP

Original Oil in Place

OPEC OPEC

Organisation of Petroleum Exporting Countries

p.a. p.a.

Per annum

PASA PASA

Projected Assessment of System Adequacy

PD PD

Proved Developed Reserves

PDP PDP

Proved, Developed and Producing Reserves

PJ PJ

Petajoule

PL PL

Pipeline Licence or Petroleum Licence

PNG PNG

Papua New Guinea

PPA PPA

Power Purchasing Agreement

PPL PPL

Petroleum Prospecting Licence

PPM PPM

Parts Per Million

PRRT PRRT

Petroleum Resource Rent Tax

PSC PSC

Production Sharing Contract

PSI PSI

Pounds per Square Inch

PSIA PSIA

Pounds per Square Inch Absolute

PTS PTS

The Principal Transmission System (Victoria)

PUD PUD

Proved, Undeveloped Reserve

PV PV

Photovoltaic

QGP QGP

Queensland Gas Pipeline

QHGP QHGP

Queensland Hunter Gas Pipeline

QLD QLD

Queensland

R/P R/P

Reserves to Production Ratio

RBP RBP

Roma - Brisbane Pipeline

REC REC

Renewable Energy Certificate

RET RET

Renewable Energy Target

ROM ROM

Run of Mine

ROV ROV

Remotely Operated Vehicle

RRR RRR

Reserves Replacement Ratio

SA SA

South Australia

SCADA SCADA

Supervisory Control and Data Acquisition

SEAGas SEAGas

The SEAGas Pipeline

SEC SEC

Securities Exchange Commission

SOO SOO

Statement of Opportunities (AEMO)

SOX SOX

Sulphur Oxides

SPA SPA

Sale and Purchase Agreement

SSA SSA

Share Sale Agreement

SWIS SWIS

The South-Western Interconnected System

SWQ SWQ

South West Queensland. Can also reference the South West Queensland pipeline.

SWQP SWQP

South West Queensland Pipeline

Tcf Tcf

Trillion Cubic Feet

TD TD

True Depth or Total Depth

TGP TGP

Tasmanian Gas Pipeline

TJ TJ

Terajoule

TNSP TNSP

Transmission Network Service Provider

TOP/ToP TOP/ToP

Take or Pay

TRD TRD

Tight Radius Drilling

TUOS TUOS

Transmission Use of System

UAFG UAFG

Unaccounted for Gas

UCCI UCCI

Upstream Capital Cost Index

VIC VIC

Victoria

VoLL VoLL

Value of Lost Load

VRET VRET

Victorian Renewable Energy Target

WA WA

Western Australia

WEM WEM

Wholesale Electricity Market (Western Australia)

WI WI

Working Interest

WTI WTI

West Texas Intermediate (crude oil)

Acronyms | Glossary A-E | Glossary F-K | Glossary L-P | Glossary Q-Z

 
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