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OIL AND GASS GLOSSARY OF TERMS


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GLOSSARY MEASURES TERMS


ALL | A | B | C | D | E | G | J | K | M | O | P | Q | S | T | W


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TERM

DEFINITION

API gravity Scale used to express specific gravity of oils. Higher API gravity, lighter oil.
 
Atmospheric pressure Weight of atmosphere on surface of Earth. At sea level approx. 1.013 bars.
 
Bar One bar = 100 kPa
 
Barrel (bbl) 7.3 bbls = One tonne: 6.29 bbls = One cubic metre: One bbl = 159 litres approx.
 
bcf Billion Cubic Feet (One bcf = 0.176 Mboe).
 
bcm Billion Cubic Metres (One bcm = 0.83 MToe).
 
Billion One thousand million (109).
 
Block UKCS acreage one thirtieth of a quadrant (approx. 200 - 250 sq. kms). Generally defined in terms of latitude and longitude, at one-degree intervals.
 
bopd / boe bbls of oil per day / bbls of oil equivalent.
 
Brent blend International marker for crude oil pricing based on a blend of North Sea crudes.
   
British Thermal Unit (BTU) One BTU or Btu = 1.05506 kJ = 0.293 watt-hour.

 



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