Glossary

Casing pipe Steel pipe used to reinforce the walls of a well
Drill pipe Threaded seamless steel butted pipe used for well drilling
EAF Electric arc furnace
EBITDA Earnings before Interest, Taxes, Depreciation and Amortization
FQM Fine Quality Mill
IFRS International Financial Reporting Standards
ISO 13679:2002 Oil and gas industry. Standardised procedures to test casing pipe and tubing connections
ISO 14001:2004 Environmental Management System. Requirements and guidelines
ktpa Thousand tonnes per annum
LDP Large diameter pipe
Line pipe Pipe used in the construction and workover of upstream, transmission and process pipelines
mcm Million cubic metres
OCTG Oil country tubular goods
PQF Premium Quality Finishing
RAS Russian Accounting Standards
SAGD technology Steam Assisted Gravity Drainage
Seamless pipe Pipe manufactured through the insertion of a solid billet in a press or a piercing mill (with subsequent hot or cold working)
TAGMET Taganrog Metallurgical Works OJSC
Tubing Plain-end steel pipe or steel pipe with externally upset ends for oil and gas well operation
VIT Vacuum insulated tubing
Welded pipe Pipe made from metal coil, plate, strip or sheet, rolled and welded, and manufactured on a tube welding mill