PetroChina Company Limited Oil & Gas Exploration and Production Operations and Cost Analysis - Q3, 2014

 Published On: Nov, 2014 |    No of Pages: 73 |  Published By: GlobalData | Format: PDF
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Summary

PetroChina Company Limited (PetroChina) is an integrated oil and gas company. The company explores, develops, produces and sells crude oil and natural gas; refines crude oil and petroleum products; produces and sells basic and derivative chemical products and other chemical products; markets and trades refined products; and transmits natural gas, crude oil and refined products, and sells natural gas. PetroChina classifies its business operations into four reportable business segments namely Exploration and Production, Refining and Chemicals, Marketing, and Natural Gas and Pipeline. The company has operational presence in China, Kazakhstan, Venezuela and Indonesia. It operates as a subsidiary of China National Petroleum Corporation (CNPC). PetroChina is headquartered in Beijing, China

PetroChina Company Limited Oil & Gas Exploration and Production Operations and Cost Analysis is the latest report from GlobalData, the industry analysis specialists, that offers comprehensive information on the operational and financial performance of the company. The report is an essential source for key operational data, analysis and strategic insight into company. The report provides latest annual and quarterly overview of production, reserves, share price performance, reserve changes, capital expenditures, acreage, performance metrics and results of oil & gas operations.

Scope

The report provides in-depth analysis and insights into companies’ capital spending, revenues, oil and gas reserves, production, and performance measures. Its scope includes -
- The report provides detailed and unique insights information on the key operational parameters. The report provides a comprehensive overview of production, reserves, reserve changes, capital expenditures, acreage, performance metrics, and results of oil & gas operations.
- Provides analysis of the share price performance of the company and the key valuation multiples. The report provides a comprehensive overview of share price performance and key valuation metrics such as market capitalization, enterprise value, EV/Production ($boe/d) and EV/Proved Reserve ($/boe)
- Provides annual and quarterly information on key operational and financial parameters. Annual information is for the current and the last four years while the quarterly information is for the current and the last four quarters
- The report provides detailed crude oil and natural gas reserves and production information of the company by country as disclosed in their annual report and regulatory filings.
- Contains in-depth and latest information on exploration, development, finding & development, acquisition expenditure, gross and net developed and undeveloped acreage position; key costs and revenue information; and performance metrics of the company as disclosed in their annual report and regulatory filings.

Note: Scope of the report mentioned above is generic and may not be applicable to all the companies. The report is based on the information disclosed by the company in their annual report and regulatory filings. Information that is not disclosed by the company may not be available in the report.

Quarterly information is covered only for those companies which are December ending and files quarter report. There might be cases where countries/regions data column/Charts will be blank for last five years. This is due to companies might have discontinued reporting of that countries/regions during the last five year time period.

Reasons to buy

The report will enhance your decision making capability in a more rapid and time sensitive manner. It will allow you to -
- Provides up-to-date information and in-depth analysis on operational parameters of the company.
- Identify M&A targets from up-to-date information and in-depth analysis on financial and operational parameters of your competitors.
- Rank your performance against other E&P companies using operational and financial benchmarking metrics.
- Formulate your strategies based on in-depth analysis of your competitors’ financial and operational data.
- Exploit the strengths and weakness of your closest competitors by comparing and analyzing their financial and operational parameters.
- Establish relative performance among the industry’s players based on key operational and financial measures.

Table of Contents
Table of Contents 2
List of Tables 4
List of Figures 5
Company Snapshot 7
Key Information 7
Company Overview 7
PetroChina Company Limited, Valuation and Financial Data 8
PetroChina Company Limited, Share Price Performance 8
Share Price Performance, Q3, 2013-Q3, 2014 8
PetroChina Company Limited, Key Valuation Metrics 9
Key Valuation Metrics, Q3, 2013-Q3, 2014 9
PetroChina Company Limited, Quarterly Production Trends 10
PetroChina Company Limited, Total Oil and Gas Production 10
Total Crude Oil and Natural Gas Production Trend, Q3, 2013-Q3, 2014 10
PetroChina Company Limited, Crude Oil Production 11
Total Crude Oil Production Trend, Q3, 2013-Q3, 2014 11
Crude Oil Production, By Country/Region, Q3, 2013-Q3, 2014 12
PetroChina Company Limited, Natural Gas Production 13
Total Natural Gas Production Trend, Q3, 2013-Q3, 2014 13
Natural Gas Production, By Country/Region, Q3, 2013-Q3, 2014 14
PetroChina Company Limited, Valuation and Financial Data, 2009-2013 15
PetroChina Company Limited, Share Price Performance, 2009-2013 15
Share Price Performance, 2009-2013 15
Key Valuation Metrics, 2009-2013 16
PetroChina Company Limited, Production and Reserves Trends 17
Total Oil and Gas, Reserves and Production 17
Total Crude Oil and Natural Gas Production and Reserves Trend, 2009-2013 17
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2009-2013 19
Total Crude Oil and Natural Gas Reserve Changes, 2009-2013 20
Crude Oil/Liquids Production and Reserve 21
Crude Oil/Liquids Production and Reserve Trend, 2009-2013 21
Crude Oil Production and Reserves By Country/Region, 2009-2013 22
Crude Oil/Liquids Reserve Changes, 2009-2013 23
Natural Gas Production and Reserve 24
Natural Gas Production and Reserve Trend, 2009-2013 24
Natural Gas Production and Reserves, By Country/Region, 2009-2013 25
Natural Gas Reserve Changes, 2009-2013 26
Total Crude Oil and Natural Gas Reserves Life Index 27
Total Crude Oil and Natural Gas Reserves Life Index, 2009-2013 27
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2009-2013 28
PetroChina Company Limited, E&P Costs Trends 30
Allocation of the Upstream Capital Expenditure 30
Upstream Capital Expenditure, 2009-2013 30
Acquisition Costs By Country/Region, 2009-2013 31
Exploration and Development Costs, By Country/Region, 2009-2013 32
Oil and Gas Cost Per boe, US$/boe 34
Oil and Gas Cost Per boe, US$/boe, 2009-2013 34
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2009-2013 36
PetroChina Company Limited, Reserve Replacement Ratio 37
Oil and Gas Production Replacement Ratio 37
Oil and Gas Production Replacement Ratio, 2009-2013 37
Oil and Gas Production Replacement Ratio, By Country/Region, 2009-2013 39
PetroChina Company Limited, Results of Oil & Gas Operations Trend 40
Oil and Gas Revenue and Expenses 40
Oil and Gas Revenue and Expenses, 2009-2013 40
Oil and Gas Revenue and Expenses, By Country/Region, 2009-2013 41
Oil and Gas Revenue and Expenses, Per boe 46
Oil and Gas Revenue and Expenses, By boe, 2009-2013 46
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2009-2013 47
Oil and Gas Performance Metrics 52
PetroChina Company Limited, Land Holdings and Well Data 53
Developed and Undeveloped Acreage 53
Gross and Net Developed and Undeveloped Acreage, 2009-2013 53
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2009-2013 54
Well Statistics 55
Producible Oil and Gas Well, 2009-2013 55
Producible Oil and Gas Well, By Country/Region, 2009-2013 56
Exploration and Development Wells Drilled, 2009-2013 57
Exploration and Development Wells Drilled, By Country/Region, 2009-2013 58
Recent Developments 59
PetroChina Company Limited - Recent Developments 59
Oct 29, 2014: PetroChina Achieved Stable Performance In First Three Quarters Of 2014 By Pursuing Quality, Profitability And Sustainable Development 59
Aug 28, 2014: PetroChina Company : Resignation of Supervisors 60
Aug 28, 2014: PetroChina Achieved Steady Growth of Results in the first half of 2014, by Pursuing Quality, Profitability and Sustainable Development 61
Aug 04, 2014: PetroChina reports fire at Lanzhou refinery in China 63
Jul 07, 2014: Enviro Energy: Update On The Liuhuanggou CBM Project 63
Jul 07, 2014: Further update on TWE 64
Jun 04, 2014: New Standard Energy: delay drilling of the Brooke North-1 well until late 2015 65
Jun 02, 2014: Origin to acquire natural gas resources in Australia's highly prospective Browse Basin 66
May 22, 2014: Petrochina Company : Announcement Election and Appointment of Directors and Supervisors And Appointment of Chairman and Vice Chairman 67
Apr 25, 2014: PetroChina Makes Smooth Start in Q1 2013 69
Appendix 71
Methodology 71
Coverage 71
Secondary Research 71
Primary Research 71
Data Information Sources 72
Company Source 72
SEC/Other Regulatory Filings 72
Other Sources 72
Expert Panel Validation 72
Data Definition 72
Oil and Gas Reserves 72
Units of Measure 73
About GlobalData 73
Disclosure 73
Disclaimer 73

List of Tables
Table 1: PetroChina Company Limited, Key Facts 7
Table 2: PetroChina Company Limited, Share Price Performance, Q3, 2013-Q3, 2014 8
Table 3: PetroChina Company Limited, Key Valuation Metrics, Q3, 2013-Q3, 2014 9
Table 4: PetroChina Company Limited, Total Crude Oil and Natural Gas, Production, Q3, 2013-Q3, 2014 10
Table 5: PetroChina Company Limited, Total Crude Oil Production, mmbbl, Q3, 2013-Q3, 2014 11
Table 6: PetroChina Company Limited, Crude Oil Production, By Country/Region, mmbbl, Q3, 2013-Q3, 2014 12
Table 7: PetroChina Company Limited, Total Natural Gas Production, bcf, Q3, 2013-Q3, 2014 13
Table 8: PetroChina Company Limited, Natural Gas Production, By Country/Region, bcf, Q3, 2013-Q3, 2014 14
Table 9: PetroChina Company Limited, Share Price Performance, 2009-2013 15
Table 10: PetroChina Company Limited, Key Valuation Metrics, 2009-2013 16
Table 11: PetroChina Company Limited, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2009-2013 18
Table 12: PetroChina Company Limited, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2009-2013 19
Table 13: PetroChina Company Limited, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2009-2013 20
Table 14: PetroChina Company Limited, Crude Oil Production and Reserves Metrics, mmbbl, 2009-2013 21
Table 15: PetroChina Company Limited, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2009-2013 22
Table 16: PetroChina Company Limited, Crude Oil Reserve Changes, mmbbl, 2009-2013 23
Table 17: PetroChina Company Limited, Natural Gas Production and Reserves Metrics, bcf, 2009-2013 24
Table 18: PetroChina Company Limited, Natural Gas Production and Reserves, By Country/Region, bcf, 2009-2013 25
Table 19: PetroChina Company Limited, Natural Gas Reserve Changes, bcf, 2009-2013 26
Table 20: PetroChina Company Limited, Oil and Gas Reserves Life Index, Years, 2009-2013 27
Table 21: PetroChina Company Limited, Oil and Gas Reserves Life Index, By Country/Region, Years, 2009-2013 29
Table 22: PetroChina Company Limited, Upstream Capital Expenditure, US$ mil, 2009-2013 30
Table 23: PetroChina Company Limited, Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2009-2013 31
Table 24: PetroChina Company Limited, Exploration and Development Costs, By Country/Region, US$ mil, 2009-2013 33
Table 25: PetroChina Company Limited, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2009-2013 35
Table 26: PetroChina Company Limited, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2009-2013 36
Table 27: PetroChina Company Limited, Oil and Gas Production Replacement Ratio, %, 2009-2013 37
Table 28: PetroChina Company Limited, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2009-2013 39
Table 29: PetroChina Company Limited, Revenue and Expenses, US$ mil, 2009-2013 40
Table 30: PetroChina Company Limited, Revenue and Expenses, By Country/Region, US$ mil, 2009-2013 45
Table 31: PetroChina Company Limited, Oil and Gas Revenue and Expenses, US$/boe, 2009-2013 46
Table 32: PetroChina Company Limited, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2009-2013 51
Table 33: PetroChina Company Limited, Oil and Gas Performance Metrics, 2009-2013 52
Table 34: PetroChina Company Limited, Land Holdings (Developed and Undeveloped Acreage), Acres, 2009-2013 53
Table 35: PetroChina Company Limited, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2009-2013 54
Table 36: PetroChina Company Limited, Producible Oil and Gas Wells, 2009-2013 55
Table 37: PetroChina Company Limited, Producible Oil and Gas Wells, By Country/Region, 2009-2013 56
Table 38: PetroChina Company Limited, Exploratory and Developed Wells, 2009-2013 57
Table 39: PetroChina Company Limited, Exploratory and Developed Wells, By Country/Region, 2009-2013 58

List of Figures
Figure 1: PetroChina Company Limited, Share Price Performance, CNY/Share, Q3, 2013-Q3, 2014 8
Figure 2: PetroChina Company Limited, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q3, 2013-Q3, 2014 9
Figure 3: PetroChina Company Limited, Total Crude Oil and Natural Gas, Production, mmboe, Q3, 2013-Q3, 2014 10
Figure 4: PetroChina Company Limited, Total Crude Oil Production, mmbbl, Q3, 2013-Q3, 2014 11
Figure 5: PetroChina Company Limited, Total Natural Gas Production, bcf, Q3, 2013-Q3, 2014 13
Figure 6: PetroChina Company Limited, Share Price Performance, CNY/Share, 2009-2013 15
Figure 7: PetroChina Company Limited, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2009-2013 16
Figure 8: PetroChina Company Limited, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2009-2013 17
Figure 9: PetroChina Company Limited, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2009-2013 19
Figure 10: PetroChina Company Limited, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2013 20
Figure 11: PetroChina Company Limited, Crude Oil Production and Reserves Metrics, mmbbl, 2009-2013 21
Figure 12: PetroChina Company Limited, Oil Reserves, End of Period, By Country/Region, mmbbl, 2009-2013 22
Figure 13: PetroChina Company Limited, Crude Oil Reserve Changes, mmbbl, 2013 23
Figure 14: PetroChina Company Limited, Natural Gas Production and Reserves Metrics, bcf, 2009-2013 24
Figure 15: PetroChina Company Limited, Natural Gas Reserve Changes, bcf, 2013 26
Figure 16: PetroChina Company Limited, Oil and Gas Reserves Life Index, Years, 2009-2013 27
Figure 17: PetroChina Company Limited, Gas Reserve Life Index, By Country/Region, Years, 2009-2013 28
Figure 18: PetroChina Company Limited, Oil & Gas Reserve Life Index, By Country/Region, Years, 2009-2013 28
Figure 19: PetroChina Company Limited, Oil Reserve Life Index, By Country/Region, Years, 2009-2013 29
Figure 20: PetroChina Company Limited, Upstream Capital Expenditure, US$ mil, 2009-2013 30
Figure 21: PetroChina Company Limited, Development Costs, By Country/Region, US$ mil, 2009-2013 32
Figure 22: PetroChina Company Limited, Exploration Costs, By Country/Region, US$ mil, 2009-2013 32
Figure 23: PetroChina Company Limited, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2009-2013 34
Figure 24: PetroChina Company Limited, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2009-2013 37
Figure 25: PetroChina Company Limited, Revenue and Expenses, US$ mil, 2009-2013 40
Figure 26: PetroChina Company Limited, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 41
Figure 27: PetroChina Company Limited, Exploration Expenses, By Country/Region, US$ mil, 2009-2013 41
Figure 28: PetroChina Company Limited, Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 42
Figure 29: PetroChina Company Limited, Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 42
Figure 30: PetroChina Company Limited, Oil & Gas Revenue, By Country/Region, US$ mil, 2009-2013 43
Figure 31: PetroChina Company Limited, Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 43
Figure 32: PetroChina Company Limited, Production Costs, By Country/Region, US$ mil, 2009-2013 44
Figure 33: PetroChina Company Limited, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 44
Figure 34: PetroChina Company Limited, Oil and Gas Revenue and Expenses, US$/boe, 2009-2013 46
Figure 35: PetroChina Company Limited, Exploration Expenses per boe, By Country/Region, US$/boe, 2009-2013 47
Figure 36: PetroChina Company Limited, Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2009-2013 47
Figure 37: PetroChina Company Limited, Lifting Cost per boe, By Country/Region, US$/boe, 2009-2013 48
Figure 38: PetroChina Company Limited, Annual Net Income per boe, By Country/Region, US$/boe, 2009-2013 48
Figure 39: PetroChina Company Limited, Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2009-2013 49
Figure 40: PetroChina Company Limited, Total DD&A per boe, By Country/Region, US$/boe, 2009-2013 49
Figure 41: PetroChina Company Limited, Total Revenue per boe, By Country/Region, US$/boe, 2009-2013 50
Figure 42: PetroChina Company Limited, Oil and Gas Performance Metrics, 2009-2013 52
Figure 43: PetroChina Company Limited, Land Holdings (Developed and Undeveloped Acreage), Acres, 2009-2013 53
Figure 44: PetroChina Company Limited, Producible Oil and Gas Wells, 2009-2013 55
Figure 45: PetroChina Company Limited, Exploratory and Developed Wells, 2009-2013 57


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