text: **development well**
  Wells designed to produce hydrocarbons from 
  a gas or oil field within a proven productive 
  reservoir defined by exploration or appraisal 
  drilling. 
  
  **Proven, Probable plus Possible reserves (3P)**
  Proven, Probable plus Possible reserves (3P) 
  are those reserves that, to a low degree of 
  certainty (10% confidence), are recoverable. 
  There is relatively high risk associated with 
  these reserves. 
  
  **EBIT**
  Earnings before interest and tax. 
  
  **EBITDA**
  Earnings before interest and tax, depreciation, 
  depletion and amortisation of building, plant 
  and equipment, exploration and development 
  expenditure and amortisation of goodwill. 
  **PSC**
  Production sharing contract. 
  
  **finding cost per barrel of oil equivalent**
  Exploration and delineation expenditure per 
  annum divided by reserve additions net of 
  acquisitions and divestments. 
  **reserve replacement cost per barrel of**
  **oil equivalent**
  Exploration, delineation and development 
  expenditure per annum divided by reserve 