Glossary And Abbreviations

Barrel (bbl):

Petroleum industry standard barrel. Equals 0.159 m3.

boe:

Barrel of oil equivalent

Boe sales:

Equals gross operated production less shrinkage.

CH4:

Methane

CAPP:

Canadian Association of Petroleum Producers

CO2E:

Carbon dioxide equivalent.

Corporate Governance:

Balance of powers between Boards of Directors, senior management, shareholders and stakeholders of companies.

Corporate Social Responsibility or CR:

Defined by the World Business Council for Sustainable Development as the continuing

commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as the local community and society at large.

Decommissioning:

Taking out of use, ready for dismantling/removal.

DTI:

Department of Trade and Industry in the United Kingdom.

Environmental Incidents:

Spills and environmental exceedances.

EU:

European Union.

Environmental Audit:

Systematic, documented verification process of objectively obtaining and evaluating audit evidence

to determine whether specified environmental activities, events, conditions, management systems or information about these matters conform with audit criteria.

Environmental Impact Assessment(EIA):

A set of activities designed to contribute pertinent environmental information to project or program decision-making.

Global Compact:

An initiative by Kofi Annan, Secretary General of the United Nations, to engage the private sector in helping address common issues of environmental protection, human rights and labour.

Global Reporting Initiative (GRI):

A multi-stakeholder process and independent institution whose mission is to develop and disseminate globally applicable Sustainability Reporting Guidelines.

Kyoto Protocol:

The Kyoto Protocol to the UN Framework Convention on Climate Change (UNFCCC) was adopted in Kyoto on December 11, 1997. It contains quantified GHG emission limitation and reduction commitments, expressed in CO2 equivalent, for signatory countries.

Lost-Time Injuries:

Injuries that result in workers being unable to report to their next work shift. Lost-Time Injury Rate is the number of work-related injuries that result in days away from work for every 200,000 hours worked.

mboe/d:

million barrels of oil equivalent.

Mmboe:

Million barrels of oil equivalent.

Non-Government Organizations (NGO):

Groups with mutual interests and objectives that are non-profit and independent of government.

Operator:

Company appointed by the co-venturers in a license to manage the exploration for, and if successful, the production of oil/gas on behalf of the co-venturers.

Production Carbon Intensity:

The mass of carbon dioxide emissions emitted during the production of each unit of oil and gas. The greenhouse gas potentials of other greenhouse gases are included in the calculation.

Production Energy Intensity:

Energy consumed in the production of each unit of oil and gas.

Reclamation:

The process of converting lands disturbed by oil and gas activities to other productive land uses, involving reshaping areas to a stable configuration, establishment of drainage systems, placement of topsoil or plant growth media and revegetation through planting or seeding.

Sensitive Habitats:

Any area in which plant or animal life or their habitats are either rare or especially valuable. Sensitive habitat areas include, but are not limited to, wetlands, marine habitats, sand dunes, sea cliffs, and other habitats supporting rare and unique species. In some jurisdictions the term sensitive habitat has a legal definition.

Ton:

Refers to US ton.

Trillion:

1012.

UDHR:

Universal Declaration of Human Rights.

UK:

United Kingdom .

US:

United States of America.

“SSC International’s three Talisman reporting strengths were greater than the weaknesses cited. Talisman’s 2003 Corporate Responsibility Report effectively measured the Company’s annual sustainability progress — economic growth..., protection of the environment..., and, fostering social dignity - that comprise the wealth generating abilities of the firm.” Peter Downing, President, Sustainability Scorecard International Inc.