Glossary

A

ADR

American Depositary Receipt

AGM

Annual General Meeting

API

Degrees API is a reference system for the density of crude oils and constituent hydrocarbons. Brent is 38.5 degrees API.

Appraisal well

A well drilled to evaluate the size or quality of a hydrocarbon discovery

Associated gas

Natural gas found as part of, or in conjunction with other constituents of crude oil, as opposed to such gas found on its own