Statoil ASA Oil & Gas Exploration and Production Operations and Cost Analysis - Q1, 2017

 Published On: Aug, 2017 |    No of Pages: 108 |  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 metrics, analysis and provides a strategic insight into the company. The report provides an annual and quarterly overview of oil and gas reserves and production, changes in reserves, costs incurred and results of oil and gas operations, acreage and well details, share price performance and key valuation metrics.

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 following -
- The report provides detailed and unique insight information on the key operational metrics. It gives a comprehensive overview of oil and gas production and reserves, costs incurred and results of oil and gas operations, acreage and well details and other performance metrics.
- Provides details with respect to the company's oil and gas reserves and production information by country. It further consists of in-depth information on the company's expenditures in relation to the acquisition, exploration and development activities; developed and undeveloped acreage position; key costs and revenue information; and performance metrics of the company as disclosed in its annual reports and regulatory filings.
- Provides a comprehensive overview of the company's share price performance and key valuation metrics such as market capitalization, enterprise value, EV/Production ($boe/d) and EV/Proved Reserve ($/boe)
- Provides information on key operational and financial metrics on an annual and quarterly basis. The annual information provided is for a five-year period and the quarterly information is for the last five quarters.

*Note:

1. The scope mentioned above is generic and may not apply to all the companies. The report is based on the information disclosed by the companies in their annual and quarterly reports, regulatory filings and other company documents and sources.
2. Quarterly information is provided only for the companies that are December ending and files quarter reports and documents.
3. There can be cases where countries/regions data column/Charts will be blank. This can be due to the fact that the company might have discontinued the reporting of those countries/regions. Information that is not disclosed by the company may not be available in the report.

Reasons to buy

The report will enhance your decision making capability in a more rapid and time sensitive manner. It will allow you to -
- Be up-to-date with the latest information and in-depth analysis of the operational metrics of the company.
- Identify M&A targets from up-to-date information and in-depth analysis on financial and operational metrics of your competitors.
- Rank your performance against other companies in the exploration and production (E&P) sector 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 metrics.
- 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
Statoil ASA, Valuation and Financial Data 8
Statoil ASA, Share Price Performance 8
Share Price Performance, Q1, 2016-Q1, 2017 8
Statoil ASA, Key Valuation Metrics 9
Key Valuation Metrics, Q1, 2016-Q1, 2017 9
Statoil ASA, Quarterly Results of Oil & Gas Operations Per boe Produced 10
Results of Oil & Gas Operations Per boe Produced, Q1, 2016-Q1, 2017 10
Results of Oil & Gas Operations Per boe Growth Rates, Q1, 2016-Q1, 2017 11
Statoil ASA, Quarterly E&P Costs Trends 12
Upstream Capital Expenditure, Q1, 2016-Q1, 2017 12
Statoil ASA, Quarterly Production Trends 13
Statoil ASA, Total Oil and Gas Production 13
Total Crude Oil and Natural Gas Production Trend, Q1, 2016-Q1, 2017 13
Total Crude Oil & Natural Gas Production, By Country/Region, Q1, 2016-Q1, 2017 15
Statoil ASA, Crude Oil Production 16
Total Crude Oil Production Trend, Q1, 2016-Q1, 2017 16
Crude Oil Production, By Country/Region, Q1, 2016-Q1, 2017 17
Statoil ASA, Natural Gas Production 18
Total Natural Gas Production Trend, Q1, 2016-Q1, 2017 18
Natural Gas Production, By Country/Region, Q1, 2016-Q1, 2017 19
Statoil ASA, Valuation and Financial Data, 2012-2016 20
Statoil ASA, Share Price Performance, 2012-2016 20
Share Price Performance, 2012-2016 20
Key Valuation Metrics, 2012-2016 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, 2012-2016 22
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2012-2016 24
Total Crude Oil and Natural Gas Reserve Changes, 2012-2016 26
Crude Oil/Liquids Production and Reserve 27
Crude Oil/Liquids Production and Reserve Trend, 2012-2016 27
Crude Oil Production and Reserves By Country/Region, 2012-2016 28
Crude Oil/Liquids Reserve Changes, 2012-2016 30
Natural Gas Production and Reserve 31
Natural Gas Production and Reserve Trend, 2012-2016 31
Natural Gas Production and Reserves, By Country/Region, 2012-2016 32
Natural Gas Reserve Changes, 2012-2016 34
Total Crude Oil and Natural Gas Reserves Life Index 35
Total Crude Oil and Natural Gas Reserves Life Index, 2012-2016 35
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2012-2016 36
Statoil ASA, E&P Costs Trends 39
Allocation of the Upstream Capital Expenditure 39
Upstream Capital Expenditure, 2012-2016 39
Acquisition Costs By Country/Region, 2012-2016 41
Exploration and Development Costs, By Country/Region, 2012-2016 43
Oil and Gas Cost Per boe, US$/boe 45
Oil and Gas Cost Per boe, US$/boe, 2012-2016 45
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2012-2016 47
Statoil ASA, Reserve Replacement Ratio 50
Oil and Gas Production Replacement Ratio 50
Oil and Gas Production Replacement Ratio, 2012-2016 50
Oil and Gas Production Replacement Ratio, By Country/Region, 2012-2016 53
Statoil ASA, Results of Oil & Gas Operations Trend 58
Oil and Gas Revenue and Expenses 58
Oil and Gas Revenue and Expenses, 2012-2016 58
Oil and Gas Revenue and Expenses, By Country/Region, 2012-2016 60
Oil and Gas Revenue and Expenses, Per boe 66
Oil and Gas Revenue and Expenses, By boe, 2012-2016 66
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2012-2016 67
Oil and Gas Performance Metrics 73
Statoil ASA, Land Holdings and Well Data 74
Developed and Undeveloped Acreage 74
Gross and Net Developed and Undeveloped Acreage, 2012-2016 74
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2012-2016 75
Well Statistics 78
Producible Oil and Gas Well, 2012-2016 78
Producible Oil and Gas Well, By Country/Region, 2012-2016 79
Exploration and Development Wells Drilled, 2012-2016 85
Exploration and Development Wells Drilled, By Country/Region, 2012-2016 87
Recent Developments 89
Statoil ASA - Recent Developments 89
Aug 21, 2017: For the first time E.ON is using innovative corrosion protection technology for wind farm foundations in the Baltic 89
Aug 17, 2017: PSA: Consent To Use West Elara 89
Aug 17, 2017: Partrac: Metocean Monitoring For Hywind Scotland 90
Aug 14, 2017: DNO Submit Plan To Develop Changouleh Oil Field 90
Aug 07, 2017: Statoil: Second Small Gas Discovery In Barents 91
Aug 07, 2017: Eni Norge to reinforce Siemens Subsea Power Grid JIP 92
Aug 07, 2017: Prosafe Announces Operational Update Q2 2017 92
Aug 03, 2017: DNV GL carries out its first offshore drone survey 93
Aug 03, 2017: Teekay Offshore Announces Two Newbuilding Shuttle Tankers - With Options For More 94
Aug 01, 2017: Europa Oil & Gas Provides Update On multistage licences offshore Ireland And Onshore UK 94
Appendix 100
Methodology 100
Coverage 100
Secondary Research 100
Primary Research 101
Data Information Sources 101
Company Source 101
SEC/Other Regulatory Filings 101
Other Sources 101
Expert Panel Validation 101
Data Definition 102
Oil and Gas Reserves 102
Units of Measure 102
About GlobalData 103
Disclosure 103
Disclaimer 103

List of Tables
Table 1: Statoil ASA, Key Facts 7
Table 2: Statoil ASA, Share Price Performance, Q1, 2016-Q1, 2017 8
Table 3: Statoil ASA, Key Valuation Metrics, Q1, 2016-Q1, 2017 9
Table 4: Statoil ASA, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2016-Q1, 2017 10
Table 5: Statoil ASA, Results of Oil & Gas Operations Per boe Growth Rates, %, Q1, 2016-Q1, 2017 11
Table 6: Statoil ASA, Upstream Capital Expenditure, Q1, 2016-Q1, 2017 12
Table 7: Statoil ASA, Total Crude Oil and Natural Gas, Production, Q1, 2016-Q1, 2017 14
Table 8: Statoil ASA, Total Oil & Gas Production, By Country/Region, mmboe, Q1, 2016-Q1, 2017 15
Table 9: Statoil ASA, Total Crude Oil Production, mmbbl, Q1, 2016-Q1, 2017 16
Table 10: Statoil ASA, Crude Oil Production, By Country/Region, mmbbl, Q1, 2016-Q1, 2017 17
Table 11: Statoil ASA, Total Natural Gas Production, bcf, Q1, 2016-Q1, 2017 18
Table 12: Statoil ASA, Natural Gas Production, By Country/Region, bcf, Q1, 2016-Q1, 2017 19
Table 13: Statoil ASA, Share Price Performance, 2012-2016 20
Table 14: Statoil ASA, Key Valuation Metrics, 2012-2016 21
Table 15: Statoil ASA, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2012-2016 23
Table 16: Statoil ASA, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2012-2016 25
Table 17: Statoil ASA, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2012-2016 26
Table 18: Statoil ASA, Crude Oil Production and Reserves Metrics, mmbbl, 2012-2016 27
Table 19: Statoil ASA, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2012-2016 29
Table 20: Statoil ASA, Crude Oil Reserve Changes, mmbbl, 2012-2016 30
Table 21: Statoil ASA, Natural Gas Production and Reserves Metrics, bcf, 2012-2016 31
Table 22: Statoil ASA, Natural Gas Production and Reserves, By Country/Region, bcf, 2012-2016 33
Table 23: Statoil ASA, Natural Gas Reserve Changes, bcf, 2012-2016 34
Table 24: Statoil ASA, Oil and Gas Reserves Life Index, Years, 2012-2016 35
Table 25: Statoil ASA, Oil and Gas Reserves Life Index, By Country/Region, Years, 2012-2016 38
Table 26: Statoil ASA, Upstream Capital Expenditure, US$ mil, 2012-2016 40
Table 27: Statoil ASA, Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2012-2016 42
Table 28: Statoil ASA, Exploration and Development Costs, By Country/Region, US$ mil, 2012-2016 44
Table 29: Statoil ASA, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2012-2016 46
Table 30: Statoil ASA, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2012-2016 49
Table 31: Statoil ASA, Oil and Gas Production Replacement Ratio, %, 2012-2016 51
Table 32: Statoil ASA, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2012-2016 56
Table 33: Statoil ASA, Revenue and Expenses, US$ mil, 2012-2016 59
Table 34: Statoil ASA, Revenue and Expenses, By Country/Region, US$ mil, 2012-2016 64
Table 35: Statoil ASA, Oil and Gas Revenue and Expenses, US$/boe, 2012-2016 66
Table 36: Statoil ASA, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2012-2016 71
Table 37: Statoil ASA, Oil and Gas Performance Metrics, 2012-2016 73
Table 38: Statoil ASA, Land Holdings (Developed and Undeveloped Acreage), Acres, 2012-2016 74
Table 39: Statoil ASA, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2012-2016 77
Table 40: Statoil ASA, Producible Oil and Gas Wells, 2012-2016 78
Table 41: Statoil ASA, Producible Oil and Gas Wells, By Country/Region, 2012-2016 83
Table 42: Statoil ASA, Exploratory and Developed Wells, 2012-2016 86
Table 43: Statoil ASA, Exploratory and Developed Wells, By Country/Region, 2012-2016 87

List of Figures
Figure 1: Statoil ASA, Share Price Performance, NOK/Share, Q1, 2016-Q1, 2017 8
Figure 2: Statoil ASA, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q1, 2016-Q1, 2017 9
Figure 3: Statoil ASA, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2016-Q1, 2017 10
Figure 4: Statoil ASA, Upstream Capital Expenditure, US$ mil, Q1, 2016-Q1, 2017 12
Figure 5: Statoil ASA, Total Crude Oil and Natural Gas, Production, mmboe, Q1, 2016-Q1, 2017 13
Figure 6: Statoil ASA, Total Oil & Gas Production, By Country/Region, mmboe, Q1, 2016-Q1, 2017 15
Figure 7: Statoil ASA, Total Crude Oil Production, mmbbl, Q1, 2016-Q1, 2017 16
Figure 8: Statoil ASA, Crude Oil Production, By Country/Region, mmbbl, Q1, 2016-Q1, 2017 17
Figure 9: Statoil ASA, Total Natural Gas Production, bcf, Q1, 2016-Q1, 2017 18
Figure 10: Statoil ASA, Natural Gas Production, By Country/Region, bcf, Q1, 2016-Q1, 2017 19
Figure 11: Statoil ASA, Share Price Performance, NOK/Share, 2012-2016 20
Figure 12: Statoil ASA, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2012-2016 21
Figure 13: Statoil ASA, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2012-2016 22
Figure 14: Statoil ASA, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2012-2016 24
Figure 15: Statoil ASA, Total Oil & Gas Production, By Country/Region, mmboe, 2012-2016 24
Figure 16: Statoil ASA, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2016 26
Figure 17: Statoil ASA, Crude Oil Production and Reserves Metrics, mmbbl, 2012-2016 27
Figure 18: Statoil ASA, Oil Reserves, End of Period, By Country/Region, mmbbl, 2012-2016 28
Figure 19: Statoil ASA, Oil Production, By Country/Region, mmbbl, 2012-2016 28
Figure 20: Statoil ASA, Crude Oil Reserve Changes, mmbbl, 2016 30
Figure 21: Statoil ASA, Natural Gas Production and Reserves Metrics, bcf, 2012-2016 31
Figure 22: Statoil ASA, Gas Reserves, End of Period, By Country/Region, bcf, 2012-2016 32
Figure 23: Statoil ASA, Gas Production, By Country/Region, bcf, 2012-2016 32
Figure 24: Statoil ASA, Natural Gas Reserve Changes, bcf, 2016 34
Figure 25: Statoil ASA, Oil and Gas Reserves Life Index, Years, 2012-2016 35
Figure 26: Statoil ASA, Gas Reserve Life Index, By Country/Region, Years, 2012-2016 36
Figure 27: Statoil ASA, Oil & Gas Reserve Life Index, By Country/Region, Years, 2012-2016 36
Figure 28: Statoil ASA, Oil Reserve Life Index, By Country/Region, Years, 2012-2016 37
Figure 29: Statoil ASA, Upstream Capital Expenditure, US$ mil, 2012-2016 39
Figure 30: Statoil ASA, Unproved Acquisition Costs, By Country/Region, US$ mil, 2012-2016 41
Figure 31: Statoil ASA, Development Costs, By Country/Region, US$ mil, 2012-2016 43
Figure 32: Statoil ASA, Exploration Costs, By Country/Region, US$ mil, 2012-2016 43
Figure 33: Statoil ASA, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2012-2016 45
Figure 34: Statoil ASA, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2012-2016 47
Figure 35: Statoil ASA, Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2012-2016 47
Figure 36: Statoil ASA, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2012-2016 48
Figure 37: Statoil ASA, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2012-2016 50
Figure 38: Statoil ASA, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2012-2016 53
Figure 39: Statoil ASA, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2012-2016 53
Figure 40: Statoil ASA, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2012-2016 54
Figure 41: Statoil ASA, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2012-2016 54
Figure 42: Statoil ASA, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2012-2016 55
Figure 43: Statoil ASA, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2012-2016 55
Figure 44: Statoil ASA, Revenue and Expenses, US$ mil, 2012-2016 58
Figure 45: Statoil ASA, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 60
Figure 46: Statoil ASA, Exploration Expenses, By Country/Region, US$ mil, 2012-2016 60
Figure 47: Statoil ASA, Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 61
Figure 48: Statoil ASA, Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 61
Figure 49: Statoil ASA, Oil & Gas Revenue, By Country/Region, US$ mil, 2012-2016 62
Figure 50: Statoil ASA, Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 62
Figure 51: Statoil ASA, Production Costs, By Country/Region, US$ mil, 2012-2016 63
Figure 52: Statoil ASA, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 63
Figure 53: Statoil ASA, Oil and Gas Revenue and Expenses, US$/boe, 2012-2016 66
Figure 54: Statoil ASA, Exploration Expenses per boe, By Country/Region, US$/boe, 2012-2016 67
Figure 55: Statoil ASA, Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2012-2016 67
Figure 56: Statoil ASA, Lifting Cost per boe, By Country/Region, US$/boe, 2012-2016 68
Figure 57: Statoil ASA, Annual Net Income per boe, By Country/Region, US$/boe, 2012-2016 68
Figure 58: Statoil ASA, Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2012-2016 69
Figure 59: Statoil ASA, Total DD&A per boe, By Country/Region, US$/boe, 2012-2016 69
Figure 60: Statoil ASA, Total Revenue per boe, By Country/Region, US$/boe, 2012-2016 70
Figure 61: Statoil ASA, Oil and Gas Performance Metrics, 2012-2016 73
Figure 62: Statoil ASA, Land Holdings (Developed and Undeveloped Acreage), Acres, 2012-2016 74
Figure 63: Statoil ASA, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2012-2016 75
Figure 64: Statoil ASA, Total Net Undeveloped Acreage, By Country/Region, Acres, 2012-2016 75
Figure 65: Statoil ASA, Total Gross Developed Acreage, By Country/Region, Acres, 2012-2016 76
Figure 66: Statoil ASA, Total Net Developed Acreage, By Country/Region, Acres, 2012-2016 76
Figure 67: Statoil ASA, Producible Oil and Gas Wells, 2012-2016 78
Figure 68: Statoil ASA, Gross Productive Gas Wells, By Country/Region, Number, 2012-2016 79
Figure 69: Statoil ASA, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2012-2016 79
Figure 70: Statoil ASA, Gross Productive Oil Wells, By Country/Region, Number, 2012-2016 80
Figure 71: Statoil ASA, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2012-2016 80
Figure 72: Statoil ASA, Net Productive Gas Wells, By Country/Region, Number, 2012-2016 81
Figure 73: Statoil ASA, Net Productive Oil & Gas Wells, By Country/Region, Number, 2012-2016 81
Figure 74: Statoil ASA, Net Productive Oil Wells, By Country/Region, Number, 2012-2016 82
Figure 75: Statoil ASA, Exploratory and Developed Wells, 2012-2016 85


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