6.1Glossary

Term
Definition
A&RC
Appointment and Remuneration Committee
AGM
Annual General Meeting of Shareholders
AGU
Advocacia Geral da Uniao – Attorney General’s Office
API
American Petroleum Institute
AR4
IPCC Fourth Assessment Report
BEPS
Base Erosion and Profit Shifting
boepd
Barrels of Oil Equivalent Per Day
bopd
Barrels of Oil Per Day
BRL
Business Readiness Level
CAPEX
Capital Expenditure
CGCO
Chief Governance and Compliance Officer
CGU
Controladoria Geral da Uniao – Comptroller General’s Office
COBIT
Control Objectives for Information and Related Technology
COSO
Committee of Sponsoring Organizations of the Treadway Commission
CSR
Corporate Social Responsibility
DoJ
U.S. Department of Justice
DSCV
Diving Support and Construction Vessel
EBIT
Earnings before Interest and Tax
EBITDA
Earnings before Interest, Taxes, Depreciation and Amortization
EGM
Extraordinary General Meeting of Shareholders
EPC
Engineering Procurement and Construction
EPCI
Engineering Procurement Construction and Installation
EPS
Earnings per Share
ERM
Enterprise Risk Management 
Euribor
Euro Interbank Offered Rate
FEED
Front-End Engineering and Design
FLNG
Floating Liquefied Natural Gas
FLPG
Floating Liquefied Petroleum Gas
FOW
Floating Offshore Wind
FPSO
Floating Production Storage and Offloading
FPU
Floating Production Unit
FSO
Floating Storage and Offloading
FSRU
Floating Storage and Regasification Unit
FTE
Full Time Equivalent
GEMS
Global Enterprise Management System
GHG
Greenhouse Gases
GRCD
Group Risk and Compliance Director
GRI
Global Reporting Initiative
GTS
Group Technical Standards
GWP
Global Warming Potential
HPHT
High Pressure High Temperature
HR
Human Resources
HSS
Health, Safety & Security
HSSE
Health, Safety, Security & Environment
IASB
International Accounting Standards Board
ICOFR
Internal Control Over Financial Reporting
ICOSIT
Internal Control Over Systems and IT
IFRS
International Financial Reporting Standards
ILO
International Labor Organization
IOGP
International Association of Oil and Gas Producers
IP
Intellectual Property
IPCC
Intergovernmental Panel on Climate Change
ISM
International Safety Management
ISPS
International Ship and Port Facility Security
ISRS
International Sustainability Rating System
JV
Joint Venture
kboepd
Thousand barrels of oil equivalent per day
KPI
Key Performance Indicator
KRI
Key Risk Indicator
LIBOR
London Interbank Offered Rate
LNG
Liquefied Natural Gas
LOPC
Loss of Primary Containment
LPG
Liquefied Petroleum Gas
LTI
Long-Term Incentive
LTIFR
Lost Time Injury Frequency Rate
MBbls
Million barrels
MNOPF
Merchant Navy Officers Pension Fund
MOPU
Mobile Offshore Production Unit
MPF
Ministério Público Federal
MTFC
Ministério da Transparência, Fiscalização e Controle – Ministry of Transparency, Oversight and Control
mtpa
Million Tonnes per Annum
NPV
Net Present Value
OC
Offshore Contracting
OECD
Organization for Economic Co-operation and Development
OHSAS
Occupational Health and Safety Assessment Series
OPEX
Operating Expenditure
PFC
Production Field Center
ppm
Parts Per Million
PSE
Process Safety Events
PSF
Process Safety Fundamentals
PSM
Process Safety Management
PSU
Performance Share Unit
PwC
PricewaterhouseCoopers
R&D
Research and Development
RAC
Risk Assurance Committee
RCF
Revolving Credit Facility
RP
Recommended Practice
RSU
Restricted Share Unit
SDG
United Nations Sustainable Development Goals
SOx
Sulphur Oxides
SP
Social Performance
SPAR
Single Point Anchor Reservoir
SRS
Single Reporting System
STI
Short-Term Incentive
TCU
Tribunal de Contas da União – Federal Court of Accounts
TLP
Tension-Leg Platform
TRIFR
Total Recordable Injury Frequency Rate
TRL
Technology Readiness Level
TSR
Total Shareholder Return
UN
United Nations
VLCC
Very Large Crude Carriers