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ECONOMIC REPORT 2015
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SNS
southern North Sea (sometimes
referred to as ‘southern gas basin’)
TVA
Total Value Added
UKCS
United Kingdom Continental Shelf
UOC
unit operating cost
VAT
Value Added Tax
WoS
west of Shetland (sometimes
referred to as ‘Atlantic margin’)
WTI
West Texas Intermediate
(the standard quality of oil for
trading in the USA)
YTF
yet-to-find (resources)
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