Technical Terms

“USD”
Technical Glossary
“Accommodation Workboat
(AWB)”
“Anchor Handling Tug
Supply Vessel (AHTS)” “Barrel”
“Brownfield”
“BOE” “Completion”
“Crude Oil”
“Deep Water” “Downstream”
“Drilling Rig”
“Enhanced Oil Recovery” or “EOR” M&A securities
The underwriting agreement dated 19 September 2014 entered into between CPB and M&A Securities pursuant to our IPO
United States Dollars

An accommodation vessel is a vessel that is primarily designed and equipped to proVide living quarters for personnel who are stationed out at sea
An anchor handling tug supply vessel is similar to an anchor handling tug and performs similar tasks, but is constructed with larger open deck space to enable it to also transport supplies
A common unit of measure that is used for hydrocarbon products, eqUivalent to 158.9873 Iitres
Refers to a field from which hydrocarbons have been, or are being produced
Barrel of oil eqUivalent (BOE) is a unit of energy based on the approximate energy released by burning one barrel of crude oil.
Completion· is the process by which a well is brought to its final classification· -basically, as a dry hole, a producer, or an injector well
Crude oil is the portion of petroleum that exists in the liqUid phase in natural underground reservoirs, and remains in the liqUid phase at atmospheric pressure and temperature. Crude oil refers to, and may be used interchangeably with, the term “oil” in this Prospectus
Deep water is informally defined by the oil and gas industry in Malaysia as water deeper than 200 meters
Within the context of the oil and gas industry, the downstream segment encompasses the refining and processing, and distribution segments of the industry
Surface structure housing equipment and machinery used to drill wells that may be used onshore or offshore. Offshore drilling rigs usually include all facilities necessary to carry out drilling. The different types of offshore drilling rigs commonly used are semi­submersible drilling rigs, drill-ships and jack-up rigs
Refers to a variety of processes intended to increase the amount of hydrocarbons recovered from a·reservoir, typically by injecting fluids in the form of liqUid (e.g. water, chemical solution) or gas
(e.g. air, nitrogen, carbon dioXide, natural gas), or through thermal means
xii “Fabrication”
“Fabrication Yard”
“Field”
“Field Development”
“Front End Engineering Development” or “FEED”
“Greenfield”
“Hook Up and Commissioning” or “HUC”
“HSE” “Hydrocarbon”
“Marginal Oil Field” “Midstream”
“l\Iatural Gas”
“Offshore Production Facility”
“Onshore Slug Catcher” or “OSC” A well drilled for the purpose of finding and delineating fields; or finding a new reservoir in a known field; or extending the limit of a known reservoir
Fabrication is the term generally applied to the value-added process of constructing machines and structures out of various raw materials, primarily metal
An area designated for fabrication work, and equipped as such
A field refers to an area consisting of a hydrocarbon reservoir or multiple hydrocarbon reservoirs all grouped on, or related to, the same individual geological structural features
Refers to development work for the purpose of bringing a hydrocarbon field into production
Front end engineering development refers to the conceptual design and development work that is carried out early in a project’s Iifecycle. At this stage, the project’s design and parameters can be adjusted easily and at relatively little cost
Refers to a field from which hydrocarbons have not yet been produced
The interconnection and interfacing of systems such as structures, modules and equipment, and commissioning of these systems including inspection and testing, and ensuring all the systems are operational effectively, efficiently and safely on the platform
Health, safety and environment
Hydrocarbons are a wide range of chemical compounds comprising hydrogen and carbon. Hydrocarbon also refers to, and may be used interchangeably with, the terms “oil” and “gas” in this Prospectus
An oil field with reserves totalling 30 million BOE or less
Within the context of the oil and gas industry, refers to the transportation segment of the industry
A naturally occurring mixture of hydrocarbon gasses. IVlethane is the chief constituent of most natural gas. Natural gas refers to, and may be used interchangeably with, the term “gas” in this Prospectus
A facility fabricated for the purpose of carrying out hydrocarbon production in an offshore environment. Examples of offshore production facilities include production platforms, Floating Production Storage and Offloading vessel (FPSO), and other facilities
Provision for onshore slug catcher involving the installation of pipeline valve retrofits for gas pipeline
xiii “Platform”
“Production Facility”
“Production Platform”
“Production Sharing Contract” or “PSC”
“Reserve”
“Risk Analysis”
“Risk Service Contract” or “RSC”
“Seismic Survey”
“Shallow Water”
“Skid” “Topside”

Petroleum is a complex mixture of a naturally occurring hydrocarbon compounds found in rock. Petroleum may be in gaseous, liquid or solid states, but the term generally refers to liquid crude oil
An immobile structure that is installed in a marine environment
(i.e. offshore). Platforms proVide a base for oil and gas extraction activities. Offshore platforms are normally self-contained and include all the necessary machinery and equipment, as well as liVing quarters
An oil and gas production facility is designed to extract and process oil and/or gas from underground reserves to a condition that is suitable for transport, either through tankers or pipelines, to a processing facility or refinery. Production facilities can be onshore or offshore
A production platform isa structure installed in the marine environment (i.e. offshore) that houses the equipment and systems that are required to produce hydrocarbons
A contractual agreement between a company, referred to as PSC contractor or operator, and the host Government. PSC contractors and operators have the financial and technical ability to bear the cost and risk of undertaking hydrocarbon exploration, development and production
Hydrocarbon reserves are defined as those quantities of. hydrocarbons that are anticipated to be commercially recoverable from known accLimulations
Risk analysis refers to the practice of managing a project’s risks by revieWing the risks inherent in .the project, determining the probability of the risks occurring, evaluating the risks and determining how best to mitigate and/or handle the risks
A contract between the host authority and appointed contractors· with the host authority assuming the role of project manager, while the contractors are paid a fixed fee for services rendered with regards to hydrocarbon development and production
Seismic survey refers to the technique for determining the structure of geological formations by sending energy waves into the earth, recording the waves reflected back to the surface, and interpreting the wave reflections
Shallow water is informally defined by the oil and gas industry in Malaysia as water depth of between 0 to 200 metres
A structure on which eqUipment is affixed, and which can be lifted
Generally the portion of the offshore platform that is permanently above the surface where the equipment and systems are typically housed
xiv
“Upstream” “Vessel”
“Well” or “Wellbore” “Welding”
“Work Boat” “Workover” “Workover Rigs”

A tugboat is a vessel that is primarily designed to manoeuvre or tow other vessels, rigs, platforms other offshore structures. Tugboats are equipped with powerful marine engines to perform this task
Within the context of the oil and gas industry, refers to the exploration, development and production segments of the industry
In general, a vessel refers to a large watercraft that is capable of navigation in the open ocean, away from the coast. Within the context of this Prospectus, the term “vessel” may be used interchangeable with the term “ship”
A hole in the ground created for the purpose of identifying and assessing hydrocarbons, or the production of hydrocarbons
Welding is a fabrication process that joins materials, usually of metal or thermoplastic, by causing coalescence. Welding is often done by melting the work-pieces and adding a filler material to form a pool of molten material that cools to become a strong joint. Sometimes pressure is also used in conjunction with heat, or by itself, to produce the weld
A work boat is a vessel that is primarily designed for commercial operations, such as ferrying supplies and eqUipment
Workover refers to remedial operations that are carried out on an operational production well to try to increase production
Workover rigs refer to surface structures housing equipment and .machinery used to carry out workover activities .
[ The rest of this page is intentionally left blank]
xv

 

Comments are closed