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Glossary
A
- AA1000SES
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AccountAbility AA1000 Stakeholder Engagement Standard
- ACET
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Assists African governments to achieve long-term economic growth and transformation www.acetforafrica.org
B
C
- CCDP
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Community Consultation and Disclosure Programme
- Conship
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A wholly owned Ghanaian freight forwarding and logistics company www.conshiponline.com
- CNOOC
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China National Offshore Oil Company
- CR
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Corporate Responsibility
- CSO
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Civil Society Organisation
E
- E&A
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Exploration and Appraisal
- EHS
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Environment, Health and Safety
- EHSMS
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EHS Management System
- EIA
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Environmental Impact Assessment
- EITI
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Extractive Industries Transparency Initiative
- EMS
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Environmental Management System
- ENSCO
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Provider of offshore contract drilling services to the oil and gas industry www.enscoplc.com
- ES
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Environmental Statement
- Eirik Raude (The)
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a fifth-generation semi-submersible drilling unit
- ESIA
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Environmental and Social Impact Assessment
F
- Farm-down
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the sale of a percentage of a licence interest to another company
- FPSO
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Floating Production Storage and Offloading vessel
- FTSE 100
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Equity index whose constituents are the 100 largest UK listed companies by market capitalisation
G
- GHG
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Greenhouse gases
- GIS
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Geographic Information System
- GOELF
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Ghana Offshore Emergency Leadership Forum
- GRI
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Global Reporting Initiative
H
- H&S
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Health and Safety
- HiPo
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High Potential Incident
- HiPoFR
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HiPo Frequency Rate measured in HiPos per million hours worked
- HR
-
Human Resources
I
- IFR
-
International Regulators Forum
- IMS
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Information Management System
- IPIECA
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International Petroleum Industry Environmental Conservation Association
- ISAE
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International Standards on Assurance Engagements
- ISO
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International Organization for Standardization
K
L
M
- MSF
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Multi-stakeholder forum
N
O
- OGP
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International Association of Oil and Gas Producers (The)
- ONE
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Grassroots advocacy and campaigning organisation fighting extreme poverty and preventable diseases www.one.org
- OHSAS
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Occupational Health & Safety Advisory Services
- OSRL
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Oil Spill Response Ltd
- OSPRAG
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Oil Spill Prevention and Response Advisory Group
R
- RBM
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Regional Business Manager
S
- Safety Case
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A document or suite of documents that identifies, assesses, and documents major hazards
- SE
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Social Enterprise
- SMC
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Senior Management Committee
- SRI
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Socially responsible investment
- sq km
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Square kilometres
T
- toes
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Tullow Oil Environmental Standards
- TRI
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Total Recordable Injuries
- TRIFR
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TRI Frequency Rate measure in TRIs per million hours worked
U
V
- VAFR
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Vehicle Accident Frequency Rate measured in vehicle accidents per million kms driven
W
- Well engineering
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is responsible for the design, construction and maintenance of wells
- Well integrity
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relates to the safety and ongoing viability of a well during its entire lifecycle
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Creating shared prosperity
Our industry is by its nature long term. From commencing exploration to finishing production it is a capital intensive and demanding process, that can last decades. Therefore we need to create a strong external operating environment to successfully deliver our business plans and continue our growth strategy. To do this, we must contribute to social and economic development in countries where we operate. We call this creating shared prosperity.
sales revenue in 2010, an increase of 19%.
Operating profit grew 56% to $235 million
capital investment in 2010. Operating cash flow grew 30% to $762 million
spent with local suppliers in 2010. Local content is a core element of creating shared prosperity
of our total workforce in Africa, comprising 681 people, are local nationals
UK multi-stakeholder forum (MSF) in February 2011, with over 20 participants
results will be transformed by increased revenue from production in Ghana and the Uganda farm-down
