7.1Glossary
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
bbls
Barrels
BEPS
Base Erosion and Profit Shifting
bopd
Barrels of Oil Per Day
CAPEX
Capital Expenditure
CGCO
Chief Governance and Compliance Officer
CGU
Controladoria Geral da Uniao – Comptroller General’s Office
COSO
Committee of Sponsoring Organizations of the Treadway Commission
CSR
Corporate Social Responsibility
DoJ
Department of Justice
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
ERM
Enterprise Risk Management
Euribor
Euro Interbank Offered Rate
Excom
Executive Committee
FEED
Front-End Engineering and Design
FID
Final Investment Decision
FLNG
Floating Liquefied Natural Gas
FPSO
Floating Production Storage and Offloading
FPU
Floating Production Unit
FSO
Floating Storage and Offloading
GEMS
Global Enterprise Management System
GHG
Greenhouse Gases
GRI
Global Reporting Initiative
GTS
Group Technical Standards
HPHT
High Pressure High Temperature
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
IIRC
International Integrated Reporting Framework
ILO
International Labor Organization
IOGP
International Association of Oil and Gas Producers
ISRS
International Sustainability Rating System
JV
Joint Venture
KPI
Key Performance Indicator
LIBOR
London Interbank Offered Rate
LNG
Liquefied Natural Gas
LOPC
Loss of Primary Containment
LTI
Long-Term Incentive
LTIFR
Lost Time Injury Frequency Rate
MLP
Master Limited Partnership
MNOPF
Merchant Navy Officers Pension Fund
MoC
Management of Change
MOPU
Mobile Offshore Production Unit
MPF
Ministério Público Federal
MTFC
Ministério da Transparência, Fiscalização e Controle – Ministry of Transparency, Oversight and Control
NOx
Nitrogen Oxides
NPV
Net Present Value
O&M
Operations and Maintenance
OECD
Organization for Economic Co-operation and Development
OHSAS
Occupational Health and Safety Assessment Series
OPEC
Organization of the Petroleum Exporting Countries
OPEX
Operating Expenditure
P&L
Profit and Loss
PFC
Production Field Center
ppm
Parts Per Million
PSE
Process Safety Events
PSM
Process Safety Management
PSU
Performance Share Unit
PwC
PricewaterhouseCoopers
QA
Quality Assurance
R&D
Research and Development
RAC
Risk Assurance Committee
RCF
Revolving Credit Facility
RSU
Restricted Share Unit
SOx
Sulphur Oxides
SP
Social Performance
SRS
Single Reporting System
STI
Short-Term Incentive
TCU
Tribunal de Contas da União – Federal Court of Accounts
TLP
Tension-Leg Platform
TRIFR
Total Recordable Injury Frequency Rate
TRL
Technology Readiness Level
TSR
Total Shareholder Return
UN
United Nations
USPP
US Private Placement
VLCC
Very Large Crude Carriers