GLOSSARY - ABBREVIATIONS
It is a region with an abundance of oil wells extracting petroleum (oil) from below ground. Because the oil reservoirs typically extend over a large area, possibly several hundred kilometers across, full exploitation entails multiple wells scattered across the area. In addition, there may be exploratory wells probing the edges, pipelines to transport the oil elsewhere, and support facilities.
Oil shale gas
Oil shale gas is a synthetic gas mixture (syngas) produced by oil shale pyrolysis. Although often referred to as shale gas, it differs from the natural gas produced from shale, which is also known as shale gas. Oil shale gas is produced by retorting (pyrolysis) of oil shale. In the pyrolysis process, oil shale is heated until its kerogen decomposes into vapors of a petroleum-like condensable shale oil, non-condensible combustible oil shale gas, and spent shale—a solid residue. The process is the same as the shale oil extraction and oil shale gas usually occurs as a byproduct of shale oil production. The ratio of oil shale gas to shale oil depends on retorting temperature and as a rule, increases by the rise of temperature.
Modern Organization, proved Quality, long-standing Tradition, continues Action.
Austria's largest oil-producing, refining and gas station operating company. It is also the largest oil and gas group in Central Europe, Explorations and Production activities in 18 countries on five continents.
In 1973 a fourfold increase in the price of oil was brought about by the Organization of Petroleum Exporting Countries. By raising or lowering production OPEC can control the price of oil. OPEC countries include: Venezuela, Ecuador, Algeria, Libya, Nigeria, Gabon, Saudi Arabia, Iraq, Iran, Kuwait, Qatar, United Arab Emirates, Indonesia.
Operating Expenditure. It comprises the on-going costs for running a product, business or system. Its counterpart, capital expenditure (CapEx), refers to the cost of developing or providing non-consumable parts for the product or system.
A contract giving an investor a right to buy (call) or sell (put) a fixed amount of shares (usually 100 shares) of a given stock (or indexes and commodities) at a specified price within a limited time period (usually three, six, or nine months). The purchaser hopes that the stock's price will go up (if he bought a call) or down (if he bought a put) by an amount sufficient to provide a profit when he sells the option.
Includes any other item non-operating cash items such as issues and repurchases of equity share capital. This line also includes non-cash items for historical years as it acts as a balancing figure to ensure that the net cash flow equals the change in net cash/debt reported in the balance sheet section. If therefore includes changes in net cash/debt due to exchange differences and due to acquisitions and disposals.
This includes all the other non-cash operating items and movements in net working capital.