2D/3D Stands for Two or Three Dimensional
AAR Stands for After Activity Review
ACV Stands for Authorized Contract Value
AFC Stands for Anticipated Final Cost
AFC Stands for Anticipated Final Cost
AFC Stands for Approved Construction Package
AFE Stands for Approval for Expenditure
AML Stands for Activity Management Loop
ARP Stands for Asset Reference Plan
BFD Stands for Basis for Design
BOE Stands for Barrel of Oil Equivalent
BOQ Stands for Stands for Bills of Quantities
C2V Stands for Capital to Value
CAD Stands for Computer Aided Drafting
Capex Stands for Capital Cost Estimate
CAR Stands for Construction All Risks
CEM Stands for Cost Estimating Manual
CES Stands for SIEP Cost Estimating System
SIEP Stands for Cost Estimating System
CESM Stands for Cost Estimating System Manual
COC Stands for Cost of Control
COMS Stands for Cost Management System
CSF Stands for Critical Success Factor
CTR Stands for Cost, Time, Resource
CVM Stands for Constant Value Money
CWOP Stands for Complete the Well on Paper
DEP Stands for Design Engineering Practice
DPC Stands for Design, Procure, Construct
DRB Stands for Decision Review Board
DTL Stands for Drilling the Limit
DWOP Stands for Drill the Well on Paper
E Stands for Environment
EA Stands for Environmental Essessment
EAS Stands for Engineering Applications Suite
EDMS Stands for Engineering Data Management System
EFC Stands for Estimated Final Cost (=AFC)
EIA Stands for Environmental Impact Statement
eP Stands for eProcurement
EP Stands for Exploration Production
EPBM Stands for EP Business Model
EPC Stands for Engineering, Procurement, Construction
EPIC Stands for Engineering, Procurement, Installation, Commissioning
EWMS Stands for Engineering Work Management System
EXCOM Stands for EP Executive Committee
FAT Stands for Factory Acceptance Test
FDP Stands for Field Development Plan
FEE Stands for Front End Engineering
FEL Stands for Front End Loading
FID Stands for Final Investment Decision
FLE Stands for Fire, Lightning, Explosion
FPSO Stands for Floating Production, Storage, Offloading (facility)
GBP Stands for Group Budget Proposal
GTPL Stands for General Third Party Liability
HAZID Stands for Hazard Identification
HAZOP Stands for Hazard and Operability Review
HEMP Hazard & Effects Management Process
HS Health, Safety
HSE Health, Safety,[;PL.Environment
HSE-MS HSE Management System
HVAC Heating, Ventilation, Air Conditioning
IM&T Information Management & Technology
ISO International Standards Organisation
IT Information Technology
JV Joint Venture
JVP Joint Venture Partner
KPI Key Performance Indicator
LBM Logistics Business Model
LBS Logistics Business Strategy
LTIF Lost Time Injury Frequency
MOD Money of the Day
MPR Major Project Realization
MS Management System
MTO Material take-off
NGO Non-Governmental Organisation
NP Non Productive
NPV Net Present Value
NV New Venture
NVO New Venture Organization
OBS Organizational Breakdown Structure
Opex Operations Cost Estimate
OPMG Opportunity & Project Management Guide
OPP Opportunity Planning Process
ORP Opportunity Realization Process
OU Operating Unit/Company
P&ID Process & Instrument Diagram
PEP Project Execution Plan
PERT Planning, Evaluation, Review Technique
PFD Process Flow Diagram
PI Performance Indicator
PI Profitability Index
PIN Project Initiation Note
PIR Post Investment Review
PI-STEP Process Industries Standard for the Exchange of Product Model Data
POSC Petro technical Open Software Corporation
PSC Production Sharing Contract
PSV Project Screening Value
PtL Producing the Limit
PV Stands for Present Value
QA Quality Assurance
QC Quality Control
RFA Request for Authority
ROS Required on Site
RT Real Terms
RtL Realizing the Limit
SAP Stands for Systeme, Applikations & Produkte der Dataverarbeitung (software package for the automation of internal company processes)
SDS Shell Deepwater Services Inc
SIEP Shell International Exploration & Production BV
SMS Safety Management System
STEP Standard for the Exchange of Product Model Data
STOIIP Stock Tank Oil Initially In Place
SWOT Strengths, Weaknesses, Opportunities, Threats
T&A Tender and Award
TcoO Total Cost of Ownership
TECOP Technical, Economic, Commercial, Organisational, Political
TL Technical Limit
TOR Terms of Reference
TRCF Total Recorded Incident Frequency
UTC Unit Technical cost
V2V Volumes to Value
VAR Value Assurance Review
VCT Value Creation Team
VIP Value Improving/Improvement Process
VIR Value Investment Ratio
VO Value of Information
VOWD Value of Work Done
VOWO Value of Work Outstanding
WBS Work Breakdown Structure
WO Work Order
WT Stands forweighting