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About MODEC

Glossary

A ABS : American Bureau of Shipping
B bbls : Barrels
  BBC : Bare Boat Charter
  bfpd : Barrels of Fluid per Day
  bopd : Barrels of Oil per Day
  bpd : Barrels per Day
  BV : Bureau Verita
  bwpd : Barrels of Water per Day
C CALM : Catenary Anchor Leg Mooring
  Capex : Capital Expenditure
  CBM : Conventional Buoy Mooring
  CP Semi : Central Pontoon Semi-Submersible
D dwt : Dead Weight Tonnage
E EOR : Enhanced Oil Recovery
  EPCI : Engineering, Procurement, Construction and Installation
F FLNG : Floating LNG
  FPSO : Floating Production, Storage, and Offloading system
  FSO : Floating Storage and Offloading system
  FSRU : Floating Storage Regasification Unit
  FT GTL processes : Fischer-Tropsch, a process invented in the 1920s. The principal purpose of this process is to produce synthetic fuel.
G GTL : Gas to Liquids
H HSEQ : Health Safety, Environment and Quality
K km : kilometers
L LNG : Liquefied Natural Gas
  LPG : Liquefied Petroleum Gas
  LTI : Lost Time Injury
M MMscfd : Millions of Standard Cubic Feet per Day
  MODEC : MODEC is used in this website as a generic term for MODEC, Inc. and its subsidiaries.
  MOPU : Mobile Offshore Production Unit
  MOSES : Minimum Offshore Surface Equipment Structure
N NGH : Natural Gas Hydrate
  NGL : Natural Gas Liquids
O O&M : Operation and Maintenance
  Opex : Operation Expenditure
P PLEM : Pipe Line End Manifold
  ROV : Remotely Operated Vehicle
S SALM : Single Anchor Leg Mooring
  Semi-sub : Semi-submersible
  SPM : Single Point Mooring
  SSIP : Self Stable Integrated Platform
T T/C : Time Charter
  TLP : Tension Leg Platform
U ULCC : Ultra Large Crude Carrier
V VLCC : Very Large Crude Carrier