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OFFSHORE TERMS AND ABBREVIATIONS
 
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Terms

Pay Zone - the part of the reservoir which may be exploited economically.
Penetration Rate - the drill bit's speed through the sediments.
Permeability - the sediment's ability to let hydrocarbons pass through.
Pipe-Laying Barge - or Lay Barge - vessel constructed for the laying of pipes on the sea bed.
Primary Recovery - the initial extraction phase when the oil/gas is emitted naturally from the
reservoir.
Production Ship - specialized ship pumping oil through flexible pipelines from the seabed.

Production Unit - platform equipped for the production of oil and gas.

Abbreviations

PBOS - NATO Planning Board for Ocean Shipping (Brussels)
P&I - Protection and Indemnity Insurance
POEA - Philippine Overseas Employment Administration (Manila)
PR - Polish classification society.
PSU - Polish Seafarers' Union (formerly S-FUF or MR).
PSV - Platform Supply Vessel.


 
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