Glossary - P

A

B

C

D

E

F

G

H

I

J

K

L

M

N

O

P

Q

R

S

T

U

V

W

X

Y

Z

Platform
An offshore structure that is permanently fixed to the seabed

PMC
Project Management Contractor - Managing an external construction contractor to construct a facility

Possible reserves
Those reserves which at present cannot be regarded as 'probable' but are estimated to have a significant but less than 50% chance of being technically and economically producible

PPE
Personal Protective Equipment

Primary recovery
Recovery of oil or gas from a reservoir purely by using the natural pressure in the reservoir

Probable reserves
Those reserves which are not yet proven but which are estimated to have a better than 50% chance of being technically and economically producible.

Proven field
An oil and/or gas field whose physical extent and estimated reserves have been determined