Global Energy Development: Glossary

Glossary

The following terms may help with content on the site

ANH - National Hydrocarbons Agency of the Republic of Colombia
BOE - barrels of oil equivalent
bopd - barrels of oil per day
Ecopetrol - the state-owned Colombian oil company
Perupetro S.A. - the national oil company of Peru
Petrobras - the state oil company of Brazil
Proved and probable reserves - estimated quantities of commercially producible hydrocarbons which the existing geological, geophysical and engineering data show to be recoverable in future years from known reservoirs.
Ryder Scott Company, LP - independent petroleum engineers
SPE - Society of Petroleum Engineers
TEA - Technical Evaluation Agreement
WPC - World Petroleum Congress
WTI - West Texas Intermediate, a benchmark price for crude oil