6.1Glossary

Term
Definition
A&RC
Appointment and Remuneration Committee
AGM
Annual General Meeting of Shareholders
AGU
Advocacia Geral da Uniao – Attorney General’s Office
API
American Petroleum Institute
BEPS
Base Erosion and Profit Shifting
boepd
Barrels of Oil Equivalent Per Day
bopd
Barrels of Oil Per Day
CALM
Catenary Anchor Leg Mooring
CAPEX
Capital Expenditure
CGCO
Chief Governance and Compliance Officer
CGU
Controladoria Geral da Uniao – Comptroller General’s Office
CMHI
China Merchants Heavy Industry
CMIH
China Merchants Industry Holdings
CMO
Change Management Office
DSCV
Diving Support and Construction Vessel
EBIT
Earnings before Interest and Tax
EBITDA
Earnings before Interest, Taxes, Depreciation and Amortization
EGM
Extraordinary General Meeting of Shareholders
EPC
Engineering Procurement and Construction
EPCI
Engineering Procurement Construction and Installation
EPS
Earnings per Share
Euribor
Euro Interbank Offered Rate
FEED
Front-End Engineering and Design
FID
Final Investment Decision
FLNG
Floating Liquefied Natural Gas
FOW
Floating Offshore Wind
FPSO
Floating Production Storage and Offloading
FPU
Floating Production Unit
FSO
Floating Storage and Offloading
GDPR
General Data Protection Regulation
GEMS
Global Enterprise Management System
GHG
Greenhouse Gases
GRCD
Group Risk and Compliance Director
GRI
Global Reporting Initiative
GTS
Group Technical Standards
GWP
Global Warming Potential
HR
Human Resources
HSS
Health, Safety & Security
HSSE
Health, Safety, Security & Environment
IASB
International Accounting Standards Board
ICOFR
Internal Control Over Financial Reporting
IFRS
International Financial Reporting Standards
IOGP
International Association of Oil and Gas Producers
IP
Intellectual Property
IPCC
Intergovernmental Panel on Climate Change
IPIECA
International Petroleum Industry Environmental Conservation Association
ISM
International Safety Management
ISO
International Organization for Standardization
ISPS
International Ship and Port Facility Security
ISRS
International Sustainability Rating SystemTM
JV
Joint Venture
KPI
Key Performance Indicator
LBCR
Lease Backlog Cover Ratio
LIBOR
London Interbank Offered Rate
LNG
Liquefied Natural Gas
LOPC
Loss of Primary Containment
LPG
Liquefied Petroleum Gas
LTI
Long-Term Incentive
MNOPF
Merchant Navy Officers Pension Fund
MOPU
Mobile Offshore Production Unit
MPF
Multi-Purpose Floater
mtpa
Million Tonnes per Annum
NOx
Nitrous Oxides
NPV
Net Present Value
OECD
Organization for Economic Co-operation and Development
OHSAS
Occupational Health and Safety Assessment Series
OIFR
Occupational Illness Frequency Rate
OPEX
Operating Expenditure
PFC
Production Field Center
PP&E
Property, Plant & Equipment
ppm
Parts Per Million
PSE
Process Safety Events
PSF
Process Safety Fundamentals
PSM
Process Safety Management
R&D
Research and Development
RAC
Risk Assurance Committee
RCF
Revolving Credit Facility
ROACE
Return on average capital employed
ROAE
Return on average equity
RP
Remuneration Policy
RSU
Restricted Share Unit
SDG
United Nations Sustainable Development Goals
SOx
Sulphur Oxides
SRD II
EU Shareholders' Rights Directive
SRS
Single Reporting System
STI
Short-Term Incentive
SWS
Shangahi Waigaoquiao Shipbuilding
TLP
Tension-Leg Platform
TMS
Turret Mooring System
TRIFR
Total Recordable Injury Frequency Rate
TRL
Technology Readiness Level
TSR
Total Shareholder Return
UN
United Nations
UNGP
United Nations' Guiding Principles
VLCC
Very Large Crude Carriers
WEC
Wave Energy Converter