OG21 Strategy - A New Chapter

ABEX

Abandonment expenditure

AC

Alternating current

AI

Artificial intelligence

AICD

Autonomous inflow control valve

AUV

Autonomous underwater vehicle

bbl

Barrels

boe/d

Barrels oil equivalent per day

BHA

Bottomhole assembly

BOP

Blowout preventer

CAPEX

Capital expenditure

CCUS

Carbon capture, utilization, and storage

CETP

EU Clean energy transition partnership

CO₂

Carbon dioxide

COP

Conference of the parties

CTD

Coiled tubing drilling

DFU

Definerte fare- og ulykkessituasjoner (defined hazards and accident situations)

EGD

European Green Deal

EIF

Environmental impact factor

EOR

Enhanced oil recovery

EPC

Engineering, procurement and construction

ETS

European trading system

EXPEX

Exploration expenditure

FAR

Fatal Accident Rate

FID

Final investment decision

FOT

Forskning- og teknologiordningen

FP

Forskerprosjekt

FPSO

Floating production, storage, and offloading system

GHG

Greenhouse gas

HC

Hydrocarbon

HCRD

HC release database

HSE

Health, safety and environment

HVDC

High voltage direct current

ICE

Internal combustion engine

ICT

Information and communication technology

IPCEI

Important projects of common European interest

IEA

International Energy Agency

IMR

Inspection, maintenance and repair

IN

Innovation Norway

IOGP

International organization of oil and gas producers

IOR

Improved oil recovery

IPN

Innovasjonsprosjekt for næringslivet

IT

Information technology

KSP

Kunnskapsprosjekt for næringslivet

LCA

Lifecycle assessment

LNG

Liquified natural gas

LOHC

Liquid organic hydrogen carrier

LTIR

Lost time injury rate

LWD

Logging while drilling

ML

Machine learning

MMO

Maintenance, modifications and operations

MODU

Mobile offshore drilling unit

MPD

Managed pressure drilling

MPE

Ministry of petroleum and energy

MWD

Measurement while drilling

NAM

North America

NCS

Norwegian continental shelf

NPD

Norwegian petroleum directorate

NPT

Non-productive time

NPV

Net present value

NZE

Net zero emission scenario

O&G

Oil and gas

OPEX

Operating expenses

OT

Operational technology

PDO

Plan for development and operations

P&A

Plugging and abandonment

PSA

Petroleum safety authority

R&D&I

Research and development and innovation

RCN

Research council of Norway

RNNP

Risk level on the NCS

RRR

Reserves replacement ratio

SPS

Subsea production system

SWiG

Subsea wireless group

TG

Technology group (OG21 has 5 TGs on specific disciplines)

TPED

Total primary energy demand

TRL

Technology readiness level

TTRD

Through tubing rotary drilling

UN

United Nations