05.07.2009

French petroleum company. One of the world’s largest integrated oil companies, it explores for, develops, and produces crude oil and natural gas; refines and markets oil; and trades and transports both crude and finished products. Operating in more than 130 countries, the company has reserves of 11.1 billion barrels of oil equivalent. The company operates in three segments: Upstream, Downstream, and Chemicals. The Upstream segment engages in the exploration, development, and production of oil and natural gas. It also involves in the marketing, trading, transport, and storage of natural gas and liquefied natural gas (LNG), LNG re-gasification, and the maritime transport and trading of liquefied petroleum gas. This segment also engages in power generation from gas-fired combined-cycle plants and renewable energies; trading and marketing of electricity; and production and marketing of coal. >

Refers to a components of IEC’s electricity tariffs

Refers to a components of IEC’s electricity tariffs

Refers to a components of IEC’s electricity tariffs

The total in-place resource base of crude oil and natural gas (the amount that existed prior to any production) consists of the total volume that was formed and trapped within the earth’s crust. The in-place resource is a function of the organic content of the source beds from which the hydrocarbons have been derived, the physical conditions under which they formed and migrated, and the effectiveness of the “trap.” (A “trap” is a discontinuity in the properties of the underground formations that, because of reduction in permeability, slows the upward migration of the generated oil and gas so that they accumulate temporarily, although for a long time in human terms, and can be located and produced.) In general, the historically evaluated recoverable portion of the in-place oil and gas resource base is composed of four main parts: cumulative production, proved reserves, indicated and inferred reserves & undiscovered resources

Terminal access capacity contractually guaranteed by the terminal operator in keeping with the terminal’s technical characteristics, and the operating and integrity requirements of the facilities

The bottom of a particular hole section where drilling is stopped – or the total depth to be reached in a particular well – logs are run and casing is cemented before starting the next, smaller diameter hole section

General Torts’ Law

Structure or process that progresses from a large, basic unit to smaller, detailed subunits; a top-down description of the department’s function; selling a company as one unit including all subunits