Petroleo Brasileiro S.A. Oil & Gas Exploration and Production Operations and Cost Analysis - 2014

 Published On: Sep, 2015 |    No of Pages: 76 |  Published By: GlobalData | Format: PDF
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Summary

Petroleo Brasileiro S.A. 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
Petroleo Brasileiro S.A., Valuation and Financial Data, 2010-2014 8
Petroleo Brasileiro S.A., Share Price Performance, 2010-2014 8
Share Price Performance, 2010-2014 8
Key Valuation Metrics, 2010-2014 9
Petroleo Brasileiro S.A., Production and Reserves Trends 10
Total Oil and Gas, Reserves and Production 10
Total Crude Oil and Natural Gas Production and Reserves Trend, 2010-2014 10
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2010-2014 11
Total Crude Oil and Natural Gas Reserve Changes, 2010-2014 13
Crude Oil/Liquids Production and Reserve 14
Crude Oil/Liquids Production and Reserve Trend, 2010-2014 14
Crude Oil Production and Reserves By Country/Region, 2010-2014 15
Crude Oil/Liquids Reserve Changes, 2010-2014 17
Natural Gas Production and Reserve 18
Natural Gas Production and Reserve Trend, 2010-2014 18
Natural Gas Production and Reserves, By Country/Region, 2010-2014 19
Natural Gas Reserve Changes, 2010-2014 21
Total Crude Oil and Natural Gas Reserves Life Index 22
Total Crude Oil and Natural Gas Reserves Life Index, 2010-2014 22
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2010-2014 23
Petroleo Brasileiro S.A., E&P Costs Trends 25
Allocation of the Upstream Capital Expenditure 25
Upstream Capital Expenditure, 2010-2014 25
Acquisition Costs By Country/Region, 2010-2014 26
Exploration and Development Costs, By Country/Region, 2010-2014 28
Oil and Gas Cost Per boe, US$/boe 30
Oil and Gas Cost Per boe, US$/boe, 2010-2014 30
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2010-2014 32
Petroleo Brasileiro S.A., Reserve Replacement Ratio 35
Oil and Gas Production Replacement Ratio 35
Oil and Gas Production Replacement Ratio, 2010-2014 35
Oil and Gas Production Replacement Ratio, By Country/Region, 2010-2014 37
Petroleo Brasileiro S.A., Results of Oil & Gas Operations Trend 42
Oil and Gas Revenue and Expenses 42
Oil and Gas Revenue and Expenses, 2010-2014 42
Oil and Gas Revenue and Expenses, By Country/Region, 2010-2014 43
Oil and Gas Revenue and Expenses, Per boe 49
Oil and Gas Revenue and Expenses, By boe, 2010-2014 49
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2010-2014 50
Oil and Gas Performance Metrics 55
Petroleo Brasileiro S.A., Land Holdings and Well Data 56
Developed and Undeveloped Acreage 56
Gross and Net Developed and Undeveloped Acreage, 2010-2014 56
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2010-2014 57
Well Statistics 60
Producible Oil and Gas Well, 2010-2014 60
Producible Oil and Gas Well, By Country/Region, 2010-2014 61
Exploration and Development Wells Drilled, 2010-2014 66
Exploration and Development Wells Drilled, By Country/Region, 2010-2014 67
Recent Developments 69
Petroleo Brasileiro S.A. - Recent Developments 69
Sep 01, 2015: Petrobras To Increase Wholesale Price Of LPG By 15% 69
Aug 27, 2015: Petrobras May Complete Unit 1 Of Comperj Refinery Project In 2020 69
Aug 26, 2015: Petrobras Reports Explosion At Fuel Depot Near Vitoria, Brazil 69
Aug 12, 2015: Petrobras Receives Qatari Cargo At Bahia LNG Terminal In Brazil 69
Aug 11, 2015: Q-flex LNG Vessel ‘Al-Huwaila’ Arrives At Bahia Regasification Terminal In Bahia, Brazil 70
Aug 11, 2015: Oceanica's Petrobras Operations Get Enhanced Lynx Rovs 70
Aug 07, 2015: Petrobras: Net Income In The 1H-2015 Was R$ 5.9 Billion 71
Aug 06, 2015: Petrobras: Settlement Of Tax Contingency: Update Aug. 6, 2015 72
Aug 04, 2015: Oil Production From Brazil's Libra Offshore Platform May Begin In Q1 2017: Odebrecht 72
Aug 03, 2015: BG Group Starts Up Sixth FPSO In The Santos Basin 73
Appendix 74
Methodology 74
Coverage 74
Secondary Research 74
Primary Research 74
Data Information Sources 75
Company Source 75
SEC/Other Regulatory Filings 75
Other Sources 75
Expert Panel Validation 75
Data Definition 75
Oil and Gas Reserves 75
Units of Measure 76
About GlobalData 76
Disclosure 76
Disclaimer 76

List of Tables
Table 1: Petroleo Brasileiro S.A., Key Facts 7
Table 2: Petroleo Brasileiro S.A., Share Price Performance, 2010-2014 8
Table 3: Petroleo Brasileiro S.A., Key Valuation Metrics, 2010-2014 9
Table 4: Petroleo Brasileiro S.A., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2010-2014 10
Table 5: Petroleo Brasileiro S.A., Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2010-2014 12
Table 6: Petroleo Brasileiro S.A., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2010-2014 13
Table 7: Petroleo Brasileiro S.A., Crude Oil Production and Reserves Metrics, mmbbl, 2010-2014 14
Table 8: Petroleo Brasileiro S.A., Crude Oil Production and Reserves, By Country/Region, mmbbl, 2010-2014 16
Table 9: Petroleo Brasileiro S.A., Crude Oil Reserve Changes, mmbbl, 2010-2014 17
Table 10: Petroleo Brasileiro S.A., Natural Gas Production and Reserves Metrics, bcf, 2010-2014 18
Table 11: Petroleo Brasileiro S.A., Natural Gas Production and Reserves, By Country/Region, bcf, 2010-2014 20
Table 12: Petroleo Brasileiro S.A., Natural Gas Reserve Changes, bcf, 2010-2014 21
Table 13: Petroleo Brasileiro S.A., Oil and Gas Reserves Life Index, Years, 2010-2014 22
Table 14: Petroleo Brasileiro S.A., Oil and Gas Reserves Life Index, By Country/Region, Years, 2010-2014 24
Table 15: Petroleo Brasileiro S.A., Upstream Capital Expenditure, US$ mil, 2010-2014 25
Table 16: Petroleo Brasileiro S.A., Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2010-2014 27
Table 17: Petroleo Brasileiro S.A., Exploration and Development Costs, By Country/Region, US$ mil, 2010-2014 29
Table 18: Petroleo Brasileiro S.A., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2010-2014 31
Table 19: Petroleo Brasileiro S.A., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2010-2014 34
Table 20: Petroleo Brasileiro S.A., Oil and Gas Production Replacement Ratio, %, 2010-2014 35
Table 21: Petroleo Brasileiro S.A., 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2010-2014 40
Table 22: Petroleo Brasileiro S.A., Revenue and Expenses, US$ mil, 2010-2014 42
Table 23: Petroleo Brasileiro S.A., Revenue and Expenses, By Country/Region, US$ mil, 2010-2014 47
Table 24: Petroleo Brasileiro S.A., Oil and Gas Revenue and Expenses, US$/boe, 2010-2014 49
Table 25: Petroleo Brasileiro S.A., Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2010-2014 53
Table 26: Petroleo Brasileiro S.A., Oil and Gas Performance Metrics, 2010-2014 55
Table 27: Petroleo Brasileiro S.A., Land Holdings (Developed and Undeveloped Acreage), Acres, 2010-2014 56
Table 28: Petroleo Brasileiro S.A., Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2010-2014 59
Table 29: Petroleo Brasileiro S.A., Producible Oil and Gas Wells, 2010-2014 60
Table 30: Petroleo Brasileiro S.A., Producible Oil and Gas Wells, By Country/Region, 2010-2014 64
Table 31: Petroleo Brasileiro S.A., Exploratory and Developed Wells, 2010-2014 66
Table 32: Petroleo Brasileiro S.A., Exploratory and Developed Wells, By Country/Region, 2010-2014 67

List of Figures
Figure 1: Petroleo Brasileiro S.A., Share Price Performance, USD/Share, 2010-2014 8
Figure 2: Petroleo Brasileiro S.A., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2010-2014 9
Figure 3: Petroleo Brasileiro S.A., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2010-2014 10
Figure 4: Petroleo Brasileiro S.A., Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2010-2014 11
Figure 5: Petroleo Brasileiro S.A., Total Oil & Gas Production, By Country/Region, mmboe, 2010-2014 11
Figure 6: Petroleo Brasileiro S.A., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2014 13
Figure 7: Petroleo Brasileiro S.A., Crude Oil Production and Reserves Metrics, mmbbl, 2010-2014 14
Figure 8: Petroleo Brasileiro S.A., Oil Reserves, End of Period, By Country/Region, mmbbl, 2010-2014 15
Figure 9: Petroleo Brasileiro S.A., Oil Production, By Country/Region, mmbbl, 2010-2014 15
Figure 10: Petroleo Brasileiro S.A., Crude Oil Reserve Changes, mmbbl, 2014 17
Figure 11: Petroleo Brasileiro S.A., Natural Gas Production and Reserves Metrics, bcf, 2010-2014 18
Figure 12: Petroleo Brasileiro S.A., Gas Reserves, End of Period, By Country/Region, bcf, 2010-2014 19
Figure 13: Petroleo Brasileiro S.A., Gas Production, By Country/Region, bcf, 2010-2014 19
Figure 14: Petroleo Brasileiro S.A., Natural Gas Reserve Changes, bcf, 2014 21
Figure 15: Petroleo Brasileiro S.A., Oil and Gas Reserves Life Index, Years, 2010-2014 22
Figure 16: Petroleo Brasileiro S.A., Gas Reserve Life Index, By Country/Region, Years, 2010-2014 23
Figure 17: Petroleo Brasileiro S.A., Oil & Gas Reserve Life Index, By Country/Region, Years, 2010-2014 23
Figure 18: Petroleo Brasileiro S.A., Oil Reserve Life Index, By Country/Region, Years, 2010-2014 24
Figure 19: Petroleo Brasileiro S.A., Upstream Capital Expenditure, US$ mil, 2010-2014 25
Figure 20: Petroleo Brasileiro S.A., Proved Acquisition Costs, By Country/Region, US$ mil, 2010-2014 26
Figure 21: Petroleo Brasileiro S.A., Unproved Acquisition Costs, By Country/Region, US$ mil, 2010-2014 26
Figure 22: Petroleo Brasileiro S.A., Development Costs, By Country/Region, US$ mil, 2010-2014 28
Figure 23: Petroleo Brasileiro S.A., Exploration Costs, By Country/Region, US$ mil, 2010-2014 28
Figure 24: Petroleo Brasileiro S.A., 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2010-2014 30
Figure 25: Petroleo Brasileiro S.A., Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2010-2014 32
Figure 26: Petroleo Brasileiro S.A., Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2010-2014 32
Figure 27: Petroleo Brasileiro S.A., Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2010-2014 33
Figure 28: Petroleo Brasileiro S.A., 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2010-2014 35
Figure 29: Petroleo Brasileiro S.A., 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2010-2014 37
Figure 30: Petroleo Brasileiro S.A., 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2010-2014 37
Figure 31: Petroleo Brasileiro S.A., 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2010-2014 38
Figure 32: Petroleo Brasileiro S.A., 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2010-2014 38
Figure 33: Petroleo Brasileiro S.A., 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2010-2014 39
Figure 34: Petroleo Brasileiro S.A., 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2010-2014 39
Figure 35: Petroleo Brasileiro S.A., Revenue and Expenses, US$ mil, 2010-2014 42
Figure 36: Petroleo Brasileiro S.A., Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2010-2014 43
Figure 37: Petroleo Brasileiro S.A., Exploration Expenses, By Country/Region, US$ mil, 2010-2014 43
Figure 38: Petroleo Brasileiro S.A., Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2010-2014 44
Figure 39: Petroleo Brasileiro S.A., Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2010-2014 44
Figure 40: Petroleo Brasileiro S.A., Oil & Gas Revenue, By Country/Region, US$ mil, 2010-2014 45
Figure 41: Petroleo Brasileiro S.A., Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2010-2014 45
Figure 42: Petroleo Brasileiro S.A., Production Costs, By Country/Region, US$ mil, 2010-2014 46
Figure 43: Petroleo Brasileiro S.A., Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2010-2014 46
Figure 44: Petroleo Brasileiro S.A., Oil and Gas Revenue and Expenses, US$/boe, 2010-2014 49
Figure 45: Petroleo Brasileiro S.A., Exploration Expenses per boe, By Country/Region, US$/boe, 2010-2014 50
Figure 46: Petroleo Brasileiro S.A., Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2010-2014 50
Figure 47: Petroleo Brasileiro S.A., Lifting Cost per boe, By Country/Region, US$/boe, 2010-2014 51
Figure 48: Petroleo Brasileiro S.A., Annual Net Income per boe, By Country/Region, US$/boe, 2010-2014 51
Figure 49: Petroleo Brasileiro S.A., Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2010-2014 52
Figure 50: Petroleo Brasileiro S.A., Total DD&A per boe, By Country/Region, US$/boe, 2010-2014 52
Figure 51: Petroleo Brasileiro S.A., Total Revenue per boe, By Country/Region, US$/boe, 2010-2014 53
Figure 52: Petroleo Brasileiro S.A., Oil and Gas Performance Metrics, 2010-2014 55
Figure 53: Petroleo Brasileiro S.A., Land Holdings (Developed and Undeveloped Acreage), Acres, 2010-2014 56
Figure 54: Petroleo Brasileiro S.A., Total Gross Undeveloped Acreage, By Country/Region, Acres, 2010-2014 57
Figure 55: Petroleo Brasileiro S.A., Total Net Undeveloped Acreage, By Country/Region, Acres, 2010-2014 57
Figure 56: Petroleo Brasileiro S.A., Total Gross Developed Acreage, By Country/Region, Acres, 2010-2014 58
Figure 57: Petroleo Brasileiro S.A., Total Net Developed Acreage, By Country/Region, Acres, 2010-2014 58
Figure 58: Petroleo Brasileiro S.A., Producible Oil and Gas Wells, 2010-2014 60
Figure 59: Petroleo Brasileiro S.A., Gross Productive Gas Wells, By Country/Region, Number, 2010-2014 61
Figure 60: Petroleo Brasileiro S.A., Gross Productive Oil & Gas Wells, By Country/Region, Number, 2010-2014 61
Figure 61: Petroleo Brasileiro S.A., Gross Productive Oil Wells, By Country/Region, Number, 2010-2014 62
Figure 62: Petroleo Brasileiro S.A., Net/Gross Oil & Gas Ratio, By Country/Region, %, 2010-2014 62
Figure 63: Petroleo Brasileiro S.A., Net Productive Gas Wells, By Country/Region, Number, 2010-2014 63
Figure 64: Petroleo Brasileiro S.A., Net Productive Oil & Gas Wells, By Country/Region, Number, 2010-2014 63
Figure 65: Petroleo Brasileiro S.A., Net Productive Oil Wells, By Country/Region, Number, 2010-2014 64
Figure 66: Petroleo Brasileiro S.A., Exploratory and Developed Wells, 2010-2014 66


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