Statoil ASA Oil & Gas Exploration and Production Operations and Cost Analysis - Q2, 2015

 Published On: Nov, 2015 |    No of Pages: 91 |  Published By: GlobalData | Format: PDF
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Summary

Statoil ASA 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 5
List of Figures 6
Company Snapshot 8
Key Information 8
Company Overview 8
Statoil ASA, Valuation and Financial Data 9
Statoil ASA, Share Price Performance 9
Share Price Performance, Q2, 2014-Q2, 2015 9
Statoil ASA, Key Valuation Metrics 10
Key Valuation Metrics, Q2, 2014-Q2, 2015 10
Statoil ASA, Quarterly Results of Oil & Gas Operations Per boe Produced 11
Results of Oil & Gas Operations Per boe Produced, Q2, 2014-Q2, 2015 11
Results of Oil & Gas Operations Per boe Growth Rates, Q2, 2014-Q2, 2015 12
Statoil ASA, Quarterly E&P Costs Trends 13
Upstream Capital Expenditure, Q2, 2014-Q2, 2015 13
Statoil ASA, Quarterly Production Trends 14
Statoil ASA, Total Oil and Gas Production 14
Total Crude Oil and Natural Gas Production Trend, Q2, 2014-Q2, 2015 14
Total Crude Oil & Natural Gas Production, By Country/Region, Q2, 2014-Q2, 2015 15
Statoil ASA, Crude Oil Production 16
Total Crude Oil Production Trend, Q2, 2014-Q2, 2015 16
Crude Oil Production, By Country/Region, Q2, 2014-Q2, 2015 17
Statoil ASA, Natural Gas Production 18
Total Natural Gas Production Trend, Q2, 2014-Q2, 2015 18
Natural Gas Production, By Country/Region, Q2, 2014-Q2, 2015 19
Statoil ASA, Valuation and Financial Data, 2010-2014 20
Statoil ASA, Share Price Performance, 2010-2014 20
Share Price Performance, 2010-2014 20
Key Valuation Metrics, 2010-2014 21
Statoil ASA, Production and Reserves Trends 22
Total Oil and Gas, Reserves and Production 22
Total Crude Oil and Natural Gas Production and Reserves Trend, 2010-2014 22
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2010-2014 24
Total Crude Oil and Natural Gas Reserve Changes, 2010-2014 26
Crude Oil/Liquids Production and Reserve 27
Crude Oil/Liquids Production and Reserve Trend, 2010-2014 27
Crude Oil Production and Reserves By Country/Region, 2010-2014 28
Crude Oil/Liquids Reserve Changes, 2010-2014 30
Natural Gas Production and Reserve 31
Natural Gas Production and Reserve Trend, 2010-2014 31
Natural Gas Production and Reserves, By Country/Region, 2010-2014 32
Natural Gas Reserve Changes, 2010-2014 34
Total Crude Oil and Natural Gas Reserves Life Index 35
Total Crude Oil and Natural Gas Reserves Life Index, 2010-2014 35
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2010-2014 36
Statoil ASA, E&P Costs Trends 38
Allocation of the Upstream Capital Expenditure 38
Upstream Capital Expenditure, 2010-2014 38
Acquisition Costs By Country/Region, 2010-2014 39
Exploration and Development Costs, By Country/Region, 2010-2014 41
Oil and Gas Cost Per boe, US$/boe 43
Oil and Gas Cost Per boe, US$/boe, 2010-2014 43
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2010-2014 45
Statoil ASA, Reserve Replacement Ratio 48
Oil and Gas Production Replacement Ratio 48
Oil and Gas Production Replacement Ratio, 2010-2014 48
Oil and Gas Production Replacement Ratio, By Country/Region, 2010-2014 50
Statoil ASA, Results of Oil & Gas Operations Trend 55
Oil and Gas Revenue and Expenses 55
Oil and Gas Revenue and Expenses, 2010-2014 55
Oil and Gas Revenue and Expenses, By Country/Region, 2010-2014 57
Oil and Gas Revenue and Expenses, Per boe 63
Oil and Gas Revenue and Expenses, By boe, 2010-2014 63
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2010-2014 64
Oil and Gas Performance Metrics 69
Statoil ASA, Land Holdings and Well Data 70
Developed and Undeveloped Acreage 70
Gross and Net Developed and Undeveloped Acreage, 2010-2014 70
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2010-2014 71
Well Statistics 74
Producible Oil and Gas Well, 2010-2014 74
Producible Oil and Gas Well, By Country/Region, 2010-2014 75
Exploration and Development Wells Drilled, 2010-2014 80
Exploration and Development Wells Drilled, By Country/Region, 2010-2014 82
Recent Developments 84
Statoil ASA - Recent Developments 84
Nov 19, 2015: First Dudgeon Offshore Wind personnel move into Great Yarmouth 84
Nov 18, 2015: Statoil To Take Decision On Snorre 2040 Extension Project In Next Autumn 84
Nov 18, 2015: PSA: Statoil Receives Consent To Use Edvard Grieg Oil Pipeline 84
Nov 17, 2015: Statoil Exists Alaska 85
Nov 16, 2015: Statoil Ships Nigeria's Escravos Crude Cargo To Enarsa 85
Nov 12, 2015: Alfa Laval Wins SEK 100 Million Offshore Order from Statoil 85
Nov 10, 2015: KNOT Offshore Partners Announces Declaration Of Option To Extend Bodil Knutsen Time Charter 86
Nov 10, 2015: SKF Magnetic Bearings Installed In World’s First Subsea Gas Compression System 86
Nov 10, 2015: Six Offshore Wind Leaders Come Together to Focus on the Future 86
Nov 10, 2015: Ceragon And Statoil Renew Frame Agreement For 5 Additional Years 87
Appendix 89
Methodology 89
Coverage 89
Secondary Research 89
Primary Research 89
Data Information Sources 90
Company Source 90
SEC/Other Regulatory Filings 90
Other Sources 90
Expert Panel Validation 90
Data Definition 90
Oil and Gas Reserves 90
Units of Measure 91
About GlobalData 91
Disclosure 91
Disclaimer 91

List of Tables
Table 1: Statoil ASA, Key Facts 8
Table 2: Statoil ASA, Share Price Performance, Q2, 2014-Q2, 2015 9
Table 3: Statoil ASA, Key Valuation Metrics, Q2, 2014-Q2, 2015 10
Table 4: Statoil ASA, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q2, 2014-Q2, 2015 11
Table 5: Statoil ASA, Results of Oil & Gas Operations Per boe Growth Rates, %, Q2, 2014-Q2, 2015 12
Table 6: Statoil ASA, Upstream Capital Expenditure, Q2, 2014-Q2, 2015 13
Table 7: Statoil ASA, Total Crude Oil and Natural Gas, Production, Q2, 2014-Q2, 2015 14
Table 8: Statoil ASA, Total Oil & Gas Production, By Country/Region, mmboe, Q2, 2014-Q2, 2015 15
Table 9: Statoil ASA, Total Crude Oil Production, mmbbl, Q2, 2014-Q2, 2015 16
Table 10: Statoil ASA, Crude Oil Production, By Country/Region, mmbbl, Q2, 2014-Q2, 2015 17
Table 11: Statoil ASA, Total Natural Gas Production, bcf, Q2, 2014-Q2, 2015 18
Table 12: Statoil ASA, Natural Gas Production, By Country/Region, bcf, Q2, 2014-Q2, 2015 19
Table 13: Statoil ASA, Share Price Performance, 2010-2014 20
Table 14: Statoil ASA, Key Valuation Metrics, 2010-2014 21
Table 15: Statoil ASA, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2010-2014 23
Table 16: Statoil ASA, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2010-2014 25
Table 17: Statoil ASA, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2010-2014 26
Table 18: Statoil ASA, Crude Oil Production and Reserves Metrics, mmbbl, 2010-2014 27
Table 19: Statoil ASA, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2010-2014 29
Table 20: Statoil ASA, Crude Oil Reserve Changes, mmbbl, 2010-2014 30
Table 21: Statoil ASA, Natural Gas Production and Reserves Metrics, bcf, 2010-2014 31
Table 22: Statoil ASA, Natural Gas Production and Reserves, By Country/Region, bcf, 2010-2014 33
Table 23: Statoil ASA, Natural Gas Reserve Changes, bcf, 2010-2014 34
Table 24: Statoil ASA, Oil and Gas Reserves Life Index, Years, 2010-2014 35
Table 25: Statoil ASA, Oil and Gas Reserves Life Index, By Country/Region, Years, 2010-2014 37
Table 26: Statoil ASA, Upstream Capital Expenditure, US$ mil, 2010-2014 38
Table 27: Statoil ASA, Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2010-2014 40
Table 28: Statoil ASA, Exploration and Development Costs, By Country/Region, US$ mil, 2010-2014 42
Table 29: Statoil ASA, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2010-2014 44
Table 30: Statoil ASA, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2010-2014 47
Table 31: Statoil ASA, Oil and Gas Production Replacement Ratio, %, 2010-2014 49
Table 32: Statoil ASA, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2010-2014 53
Table 33: Statoil ASA, Revenue and Expenses, US$ mil, 2010-2014 56
Table 34: Statoil ASA, Revenue and Expenses, By Country/Region, US$ mil, 2010-2014 61
Table 35: Statoil ASA, Oil and Gas Revenue and Expenses, US$/boe, 2010-2014 63
Table 36: Statoil ASA, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2010-2014 67
Table 37: Statoil ASA, Oil and Gas Performance Metrics, 2010-2014 69
Table 38: Statoil ASA, Land Holdings (Developed and Undeveloped Acreage), Acres, 2010-2014 70
Table 39: Statoil ASA, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2010-2014 73
Table 40: Statoil ASA, Producible Oil and Gas Wells, 2010-2014 74
Table 41: Statoil ASA, Producible Oil and Gas Wells, By Country/Region, 2010-2014 78
Table 42: Statoil ASA, Exploratory and Developed Wells, 2010-2014 81
Table 43: Statoil ASA, Exploratory and Developed Wells, By Country/Region, 2010-2014 82

List of Figures
Figure 1: Statoil ASA, Share Price Performance, NOK/Share, Q2, 2014-Q2, 2015 9
Figure 2: Statoil ASA, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q2, 2014-Q2, 2015 10
Figure 3: Statoil ASA, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q2, 2014-Q2, 2015 11
Figure 4: Statoil ASA, Upstream Capital Expenditure, US$ mil, Q2, 2014-Q2, 2015 13
Figure 5: Statoil ASA, Total Crude Oil and Natural Gas, Production, mmboe, Q2, 2014-Q2, 2015 14
Figure 6: Statoil ASA, Total Oil & Gas Production, By Country/Region, mmboe, Q2, 2014-Q2, 2015 15
Figure 7: Statoil ASA, Total Crude Oil Production, mmbbl, Q2, 2014-Q2, 2015 16
Figure 8: Statoil ASA, Crude Oil Production, By Country/Region, mmbbl, Q2, 2014-Q2, 2015 17
Figure 9: Statoil ASA, Total Natural Gas Production, bcf, Q2, 2014-Q2, 2015 18
Figure 10: Statoil ASA, Natural Gas Production, By Country/Region, bcf, Q2, 2014-Q2, 2015 19
Figure 11: Statoil ASA, Share Price Performance, NOK/Share, 2010-2014 20
Figure 12: Statoil ASA, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2010-2014 21
Figure 13: Statoil ASA, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2010-2014 22
Figure 14: Statoil ASA, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2010-2014 24
Figure 15: Statoil ASA, Total Oil & Gas Production, By Country/Region, mmboe, 2010-2014 24
Figure 16: Statoil ASA, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2014 26
Figure 17: Statoil ASA, Crude Oil Production and Reserves Metrics, mmbbl, 2010-2014 27
Figure 18: Statoil ASA, Oil Reserves, End of Period, By Country/Region, mmbbl, 2010-2014 28
Figure 19: Statoil ASA, Oil Production, By Country/Region, mmbbl, 2010-2014 28
Figure 20: Statoil ASA, Crude Oil Reserve Changes, mmbbl, 2014 30
Figure 21: Statoil ASA, Natural Gas Production and Reserves Metrics, bcf, 2010-2014 31
Figure 22: Statoil ASA, Gas Reserves, End of Period, By Country/Region, bcf, 2010-2014 32
Figure 23: Statoil ASA, Gas Production, By Country/Region, bcf, 2010-2014 32
Figure 24: Statoil ASA, Natural Gas Reserve Changes, bcf, 2014 34
Figure 25: Statoil ASA, Oil and Gas Reserves Life Index, Years, 2010-2014 35
Figure 26: Statoil ASA, Gas Reserve Life Index, By Country/Region, Years, 2010-2014 36
Figure 27: Statoil ASA, Oil & Gas Reserve Life Index, By Country/Region, Years, 2010-2014 36
Figure 28: Statoil ASA, Oil Reserve Life Index, By Country/Region, Years, 2010-2014 37
Figure 29: Statoil ASA, Upstream Capital Expenditure, US$ mil, 2010-2014 38
Figure 30: Statoil ASA, Proved Acquisition Costs, By Country/Region, US$ mil, 2010-2014 39
Figure 31: Statoil ASA, Unproved Acquisition Costs, By Country/Region, US$ mil, 2010-2014 39
Figure 32: Statoil ASA, Development Costs, By Country/Region, US$ mil, 2010-2014 41
Figure 33: Statoil ASA, Exploration Costs, By Country/Region, US$ mil, 2010-2014 41
Figure 34: Statoil ASA, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2010-2014 43
Figure 35: Statoil ASA, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2010-2014 45
Figure 36: Statoil ASA, Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2010-2014 45
Figure 37: Statoil ASA, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2010-2014 46
Figure 38: Statoil ASA, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2010-2014 48
Figure 39: Statoil ASA, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2010-2014 50
Figure 40: Statoil ASA, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2010-2014 50
Figure 41: Statoil ASA, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2010-2014 51
Figure 42: Statoil ASA, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2010-2014 51
Figure 43: Statoil ASA, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2010-2014 52
Figure 44: Statoil ASA, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2010-2014 52
Figure 45: Statoil ASA, Revenue and Expenses, US$ mil, 2010-2014 55
Figure 46: Statoil ASA, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2010-2014 57
Figure 47: Statoil ASA, Exploration Expenses, By Country/Region, US$ mil, 2010-2014 57
Figure 48: Statoil ASA, Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2010-2014 58
Figure 49: Statoil ASA, Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2010-2014 58
Figure 50: Statoil ASA, Oil & Gas Revenue, By Country/Region, US$ mil, 2010-2014 59
Figure 51: Statoil ASA, Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2010-2014 59
Figure 52: Statoil ASA, Production Costs, By Country/Region, US$ mil, 2010-2014 60
Figure 53: Statoil ASA, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2010-2014 60
Figure 54: Statoil ASA, Oil and Gas Revenue and Expenses, US$/boe, 2010-2014 63
Figure 55: Statoil ASA, Exploration Expenses per boe, By Country/Region, US$/boe, 2010-2014 64
Figure 56: Statoil ASA, Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2010-2014 64
Figure 57: Statoil ASA, Lifting Cost per boe, By Country/Region, US$/boe, 2010-2014 65
Figure 58: Statoil ASA, Annual Net Income per boe, By Country/Region, US$/boe, 2010-2014 65
Figure 59: Statoil ASA, Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2010-2014 66
Figure 60: Statoil ASA, Total DD&A per boe, By Country/Region, US$/boe, 2010-2014 66
Figure 61: Statoil ASA, Total Revenue per boe, By Country/Region, US$/boe, 2010-2014 67
Figure 62: Statoil ASA, Oil and Gas Performance Metrics, 2010-2014 69
Figure 63: Statoil ASA, Land Holdings (Developed and Undeveloped Acreage), Acres, 2010-2014 70
Figure 64: Statoil ASA, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2010-2014 71
Figure 65: Statoil ASA, Total Net Undeveloped Acreage, By Country/Region, Acres, 2010-2014 71
Figure 66: Statoil ASA, Total Gross Developed Acreage, By Country/Region, Acres, 2010-2014 72
Figure 67: Statoil ASA, Total Net Developed Acreage, By Country/Region, Acres, 2010-2014 72
Figure 68: Statoil ASA, Producible Oil and Gas Wells, 2010-2014 74
Figure 69: Statoil ASA, Gross Productive Gas Wells, By Country/Region, Number, 2010-2014 75
Figure 70: Statoil ASA, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2010-2014 75
Figure 71: Statoil ASA, Gross Productive Oil Wells, By Country/Region, Number, 2010-2014 76
Figure 72: Statoil ASA, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2010-2014 76
Figure 73: Statoil ASA, Net Productive Gas Wells, By Country/Region, Number, 2010-2014 77
Figure 74: Statoil ASA, Net Productive Oil & Gas Wells, By Country/Region, Number, 2010-2014 77
Figure 75: Statoil ASA, Net Productive Oil Wells, By Country/Region, Number, 2010-2014 78
Figure 76: Statoil ASA, Exploratory and Developed Wells, 2010-2014 80


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