Glossary of Terms

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CORPORATE

 

AGM

Annual General Meeting

Board

the Board of Directors of Cairn Energy PLC

BSE

Bombay Stock Exchange

Cairn / Cairn Energy

Cairn Energy PLC and/or its subsidiaries as appropriate

Cairn India / CIL

Cairn India Limited and/or its subsidiaries as appropriate

Cairn India

Cairn India and/or its previously named

Capricorn / Capricorn Energy Limited)

Capricorn Oil Limited (previously named Capricorn Group and/or its subsidiaries as appropriate

Combined Code

The Combined Code dated June 2006 appended to the Listing Rules

Companies Act

The Companies Act 1985 (as amended) and/or the Companies Act 2006 (as amended), as appropriate

the Company

Cairn Energy PLC

DGH

Director General of Hydrocarbons

Dyas

Dyas BV

EGM

Extraordinary General Meeting

EU

European Union

FSA

Financial Services Authority

GMB

Group Management Board

GoI

Government of India

Group

the Company and its subsidiaries

GSCs

gas sales contracts

IFC

International Finance Corporation

IPO

Initial public offering of shares in Cairn India Limited

JV

joint venture

KPI

key performance indicator

Listing Rules

The Listing Rules of the United Kingdom Listing Authority

LSE

London Stock Exchange

LTIP

Long Term Incentive Plan

medOil

medOil plc and/or its subsidiaries as appropriate

NELP VI

Sixth New Exploration Licencing Policy round

NELP VII

Seventh New Exploration Licencing Policy round

NSE

National Stock Exchange of India Limited

OGP

International Association of Oil and Gas Producers

OIDA cess

Indian Oil Industry (Development) Act 1974

ONGC

Oil and Natural Gas Corporation Ltd

Orient Global

Orient Global Tamarind Fund Pte Limited

Petronas

Petroliam Nasional Berhad

Plectrum

Plectrum Petroleum Plc and/or its subsidiaries as appropriate

PIRC

Pensions Investment Research Consultants Limited

PSC

Production Sharing Contract

RMC

Risk Management Committee

Santos

Santos International Holdings Pty Limited

SEBI

Securities and Exchange Board of India

TECHNICAL

 

2C

best estimate contingent resources

2P

proven plus probable

2D/3D

two dimensional/three dimensional

ASP

alkaline-surfactant-polymer

boe

barrels of oil equivalent

boepd

barrels of oil equivalent per day

bopd

barrels of oil per day

bscf

billion standard cubic feet of gas

DoC

Declaration of Commerciality

EOR

enhanced oil recovery

EPC

Engineering Procurement Contract

FDP

field development plan

FEED

front end engineering and design

MBA fields

Mangala, Bhagyam and Aishwariya

mmbbls

million barrels of oil

mmboe

million barrels of oil equivalent

mmscf

million standard cubic feet of gas

mmscfd

million standard cubic feet of gas per day

NAA

Northern Appraisal Area

RoU

Rights of Use

STOIIP

stock tank oil initially in place

ACCOUNTING

 

$

United States Dollars

bn

billion

CIESOP

Cairn India Employee Stock Option Plan

CIPOP

Cairn India Employee Performance Option Plan

CISMP

Cairn India Senior Management Plan

ESOP

Employee Share Ownership Plan

IAS

International Accounting Standard

IFRIC

International Financial Reporting Interpretations Committee

IFRS

International Financial Reporting Standards

IAS 36

International Accounting Standard 36 ‘Impairment of Assets’

LIBOR

London Inter-Bank Offered Rate

m

million

PTRR

post-tax rate of return

TSR

total share return

WAEP

weighted average excercise price

CORPORATE RESPONSIBILITY

 

BRMG

Business Risk Management Guidelines

CAB

Cairn Advisory Board

CH4

Methane

CR

Corporate Responsibility

CRMS

Corporate Responsibility Management System

ERM

Environmental Resource Management

ESIA

Environmental and Social Impact Assessment

GHG

green house gas

HSE

Health, Safety and Environment

ISO 14001

International Standard for Environmental Management Systems

LTI

lost time incident

LTIFR

lost time incident frequency rate

PCDP

Public Consultation and Disclosure Plan

TRIFR

total recordable incident frequency rate