Читать книгу Joint Operating Agreements - Peter Roberts - Страница 6
ОглавлениеThe following terms are used in this book:
| AAPL JOA | The model form joint operating agreement issued by the American Association of Professional Landmen (AAPL). |
| Abandoned mine methane (AMM) | Methane that is released by coal mining operations and resides in worked and abandoned mine workings. |
| AFE | Authorisation for expenditure. |
| AIPN JOA | The model form joint operating agreement issued by the Association of International Petroleum Negotiators (AIPN). |
| American Petroleum Institute (API) gravity | The measure, expressed in degrees (°), of the weight of hydrocarbon relative to water, which is then applied to grade produced petroleum. |
| AMIA | Area of mutual interest agreement. |
| AMPLA JOA | The model form joint operating agreement issued by the Australian Mining Petroleum Law Association (AMPLA). |
| Associated gas | Natural gas that exists in solution with, and is typically produced in association with, crude oil (to be contrasted with non-associated gas, which is produced in its own right). |
| Bitumen | Crude oil in a semi-solid or solid form which has an API gravity below 10°. |
| BNOC JOA | The fifth round UK continental shelf model form joint operating agreement, issued in 1977. |
| CAPL JOA | The model form joint operating agreement issued by the Canadian Association of Petroleum Landmen (CAPL). |
| Coal bed methane (CBM) | Methane produced by drilling into unworked underground coal seams, sometimes also known as coal seam gas (CSG). |
| Condensates | Pentanes that exist as a liquid at ordinary atmospheric pressure and temperature. |
| Crude oil | Hydrocarbon deposits represented by light oil, medium oil and heavy oil. |
| DSA | Decommissioning security agreement. |
| FOA | Farm-out agreement. |
| Hydrocarbon | A generic term for organic carbon/hydrogen compounds which form the basis of all petroleum substances. |
| JSBA | Joint study and bid agreement. |
| JVC | Joint venture company. |
| Liquids | A generic term for condensates and natural gas liquids. |
| LNG | Liquefied natural gas. |
| MER UK | “Maximising Economic Strategy for the UK” policy document issued by the UK Oil & Gas Authority, 2016. |
| Natural gas | Hydrocarbon deposits occurring naturally as a gas or as mixed gas and liquids, consisting of methane, ethane, propane, butane and pentanes. |
| Natural gas liquids (NGLs) | Ethane, propane and butane extracted from a natural gas stream. |
| OGUK JOA | The model form joint operating agreement issued by Oil & Gas UK Limited (OGUK) for use on the UK Continental Shelf. |
| Petroleum | A generic term for crude oil, natural gas and liquids. |
| Petroleum laws | Prevailing legislation and regulation which allows for exploitation of a state’s mineral wealth. |
| PSC | Production sharing contract. |
| RMMLF JOA | The model form joint operating agreement issued by the Rocky Mountain Mineral Law Foundation (RMMLF). |
| UKCS | The offshore United Kingdom Continental Shelf areas licensed for petroleum exploration and production. |
| Unconventional petroleum | Petroleum which is produced by other than conventional means. |
| UUOA | Unitisation and unit operating agreement. |
| WP&B | Work programme and budget. |
