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sevenenergy.com
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Definitions (55)
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underlift/overlift
The difference between the production entitlement and amounts lifted. Where amounts lifted are less than production entitlement, underlift (asset) is recorded. Where liftings exceed entitlement, overlift (liability) is recorded.
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unicem
United Cement Company of Nigeria Ltd, is a private company that manufactures cement
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km2
Square kilometre
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nipp
National Integrated Power Project
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universal energy
Universal Energy Resources Limited, a 62.5% subsidiary of Seven Energy, and the Operator of the Stubb Creek Field
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1p
Proved reserves
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2c
Contingent resources
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2p
Proved and Probable reserves. Those unproved reserves which analysis of geological and engineering data suggests are more likely than not to be recoverable. In this context, when probabilistic methods are used, there should be at least a 50% probability that the quantities actually recovered will equal or exceed the sum of estimated Proved plus Pro [..]
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bbl
Barrel of oil, condensate or natural gas liquids
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bcf
Billion cubic feet of gas
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