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

 Published On: Jun, 2017 |    No of Pages: 96 |  Published By: GlobalData | Format: PDF
Request Free Sample

Summary

Statoil ASA (Statoil) is an independent upstream oil and gas company. The company explores for, develops and produces oil and gas from its assets across the world, and trades crude oil and natural gas. The company operates assets in Norwegian Continental Shelf (NCS), which includes the North Sea, Norwegian Sea and Barents Sea. It has assets in various other countries, which include Algeria, Angola, Azerbaijan, Brazil, Canada, Libya, Nigeria, Russia, the UK, the US and Venezuela. The company operates refineries, gas processing plants, an LNG plant, a methanol plant and crude oil terminals. It also has interests in various pipeline assets for the transportation of the oil and gas it produces. The company has operational presence worldwide. Statoil is headquartered in Stavanger, Norway.

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 14
Statoil ASA, Crude Oil Production 15
Total Crude Oil Production Trend, Q1, 2016-Q1, 2017 15
Crude Oil Production, By Country/Region, Q1, 2016-Q1, 2017 16
Statoil ASA, Natural Gas Production 17
Total Natural Gas Production Trend, Q1, 2016-Q1, 2017 17
Natural Gas Production, By Country/Region, Q1, 2016-Q1, 2017 18
Statoil ASA, Valuation and Financial Data, 2012-2016 19
Statoil ASA, Share Price Performance, 2012-2016 19
Share Price Performance, 2012-2016 19
Key Valuation Metrics, 2012-2016 20
Statoil ASA, Production and Reserves Trends 21
Total Oil and Gas, Reserves and Production 21
Total Crude Oil and Natural Gas Production and Reserves Trend, 2012-2016 21
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2012-2016 23
Total Crude Oil and Natural Gas Reserve Changes, 2012-2016 25
Crude Oil/Liquids Production and Reserve 26
Crude Oil/Liquids Production and Reserve Trend, 2012-2016 26
Crude Oil Production and Reserves By Country/Region, 2012-2016 27
Crude Oil/Liquids Reserve Changes, 2012-2016 29
Natural Gas Production and Reserve 30
Natural Gas Production and Reserve Trend, 2012-2016 30
Natural Gas Production and Reserves, By Country/Region, 2012-2016 31
Natural Gas Reserve Changes, 2012-2016 33
Total Crude Oil and Natural Gas Reserves Life Index 34
Total Crude Oil and Natural Gas Reserves Life Index, 2012-2016 34
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2012-2016 35
Statoil ASA, E&P Costs Trends 38
Allocation of the Upstream Capital Expenditure 38
Upstream Capital Expenditure, 2012-2016 38
Acquisition Costs By Country/Region, 2012-2016 40
Exploration and Development Costs, By Country/Region, 2012-2016 42
Oil and Gas Cost Per boe, US$/boe 44
Oil and Gas Cost Per boe, US$/boe, 2012-2016 44
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2012-2016 46
Statoil ASA, Reserve Replacement Ratio 49
Oil and Gas Production Replacement Ratio 49
Oil and Gas Production Replacement Ratio, 2012-2016 49
Oil and Gas Production Replacement Ratio, By Country/Region, 2012-2016 52
Statoil ASA, Results of Oil & Gas Operations Trend 57
Oil and Gas Revenue and Expenses 57
Oil and Gas Revenue and Expenses, 2012-2016 57
Oil and Gas Revenue and Expenses, By Country/Region, 2012-2016 59
Oil and Gas Revenue and Expenses, Per boe 65
Oil and Gas Revenue and Expenses, By boe, 2012-2016 65
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2012-2016 66
Oil and Gas Performance Metrics 72
Statoil ASA, Land Holdings and Well Data 73
Developed and Undeveloped Acreage 73
Gross and Net Developed and Undeveloped Acreage, 2012-2016 73
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2012-2016 74
Well Statistics 77
Producible Oil and Gas Well, 2012-2016 77
Producible Oil and Gas Well, By Country/Region, 2012-2016 78
Exploration and Development Wells Drilled, 2012-2016 84
Recent Developments 86
Statoil ASA - Recent Developments 86
Jun 16, 2017: PSA: Audit Of Statoil - OLS B 86
Jun 15, 2017: Statoil receives consent for exploration drilling in Barents Sea 86
Jun 14, 2017: PSA: Audit Of Johan Sverdrup 87
Jun 13, 2017: Carbon Trust: Industry comes together to address Britain's energy conundrum 88
Jun 13, 2017: IKM Subsea Starts World First Commercial Onshore Remote WROV Operations 88
Jun 13, 2017: TechnipFMC Awarded Integrated EPCI Contract For Statoil Visund Nord IOR Project 89
Jun 12, 2017: Wood Group Wins Statoil Concept And Feasibility Study Contracts 89
Jun 12, 2017: ODL Awarded Contract For Platform Drilling And Maintenance Services For Taqa Bratani 90
Jun 09, 2017: Odfjell Drilling Signs Contract For Well With Wellesley Petroleum 90
Jun 08, 2017: ION Engineering Completes 6 Month Carbon Capture Campaign 90
Appendix 92
Methodology 92
Coverage 92
Secondary Research 92
Primary Research 93
Data Information Sources 93
Company Source 93
SEC/Other Regulatory Filings 93
Other Sources 93
Expert Panel Validation 93
Data Definition 94
Oil and Gas Reserves 94
Units of Measure 94
About GlobalData 95
Disclosure 95
Disclaimer 95

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$/boe, Q1, 2016-Q1, 2017 10
Table 5: Statoil ASA, Results of Oil & Gas Operations Per boe Growth Rates, %, Q1, 2016-Q1, 2017 11
Table 6: Statoil ASA, Upstream Capital Expenditure, Q1, 2016-Q1, 2017 12
Table 7: Statoil ASA, Total Crude Oil and Natural Gas, Production, Q1, 2016-Q1, 2017 13
Table 8: Statoil ASA, Total Oil & Gas Production, By Country/Region, mmboe, Q1, 2016-Q1, 2017 14
Table 9: Statoil ASA, Total Crude Oil Production, mmbbl, Q1, 2016-Q1, 2017 15
Table 10: Statoil ASA, Crude Oil Production, By Country/Region, mmbbl, Q1, 2016-Q1, 2017 16
Table 11: Statoil ASA, Total Natural Gas Production, bcf, Q1, 2016-Q1, 2017 17
Table 12: Statoil ASA, Natural Gas Production, By Country/Region, bcf, Q1, 2016-Q1, 2017 18
Table 13: Statoil ASA, Share Price Performance, 2012-2016 19
Table 14: Statoil ASA, Key Valuation Metrics, 2012-2016 20
Table 15: Statoil ASA, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2012-2016 22
Table 16: Statoil ASA, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2012-2016 24
Table 17: Statoil ASA, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2012-2016 25
Table 18: Statoil ASA, Crude Oil Production and Reserves Metrics, mmbbl, 2012-2016 26
Table 19: Statoil ASA, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2012-2016 28
Table 20: Statoil ASA, Crude Oil Reserve Changes, mmbbl, 2012-2016 29
Table 21: Statoil ASA, Natural Gas Production and Reserves Metrics, bcf, 2012-2016 30
Table 22: Statoil ASA, Natural Gas Production and Reserves, By Country/Region, bcf, 2012-2016 32
Table 23: Statoil ASA, Natural Gas Reserve Changes, bcf, 2012-2016 33
Table 24: Statoil ASA, Oil and Gas Reserves Life Index, Years, 2012-2016 34
Table 25: Statoil ASA, Oil and Gas Reserves Life Index, By Country/Region, Years, 2012-2016 37
Table 26: Statoil ASA, Upstream Capital Expenditure, US$ mil, 2012-2016 39
Table 27: Statoil ASA, Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2012-2016 41
Table 28: Statoil ASA, Exploration and Development Costs, By Country/Region, US$ mil, 2012-2016 43
Table 29: Statoil ASA, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2012-2016 45
Table 30: Statoil ASA, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2012-2016 48
Table 31: Statoil ASA, Oil and Gas Production Replacement Ratio, %, 2012-2016 50
Table 32: Statoil ASA, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2012-2016 55
Table 33: Statoil ASA, Revenue and Expenses, US$ mil, 2012-2016 58
Table 34: Statoil ASA, Revenue and Expenses, By Country/Region, US$ mil, 2012-2016 63
Table 35: Statoil ASA, Oil and Gas Revenue and Expenses, US$/boe, 2012-2016 65
Table 36: Statoil ASA, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2012-2016 70
Table 37: Statoil ASA, Oil and Gas Performance Metrics, 2012-2016 72
Table 38: Statoil ASA, Land Holdings (Developed and Undeveloped Acreage), Acres, 2012-2016 73
Table 39: Statoil ASA, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2012-2016 76
Table 40: Statoil ASA, Producible Oil and Gas Wells, 2012-2016 77
Table 41: Statoil ASA, Producible Oil and Gas Wells, By Country/Region, 2012-2016 82
Table 42: Statoil ASA, Exploratory and Developed Wells, 2012-2016 85

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 14
Figure 7: Statoil ASA, Total Crude Oil Production, mmbbl, Q1, 2016-Q1, 2017 15
Figure 8: Statoil ASA, Crude Oil Production, By Country/Region, mmbbl, Q1, 2016-Q1, 2017 16
Figure 9: Statoil ASA, Total Natural Gas Production, bcf, Q1, 2016-Q1, 2017 17
Figure 10: Statoil ASA, Natural Gas Production, By Country/Region, bcf, Q1, 2016-Q1, 2017 18
Figure 11: Statoil ASA, Share Price Performance, NOK/Share, 2012-2016 19
Figure 12: Statoil ASA, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2012-2016 20
Figure 13: Statoil ASA, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2012-2016 21
Figure 14: Statoil ASA, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2012-2016 23
Figure 15: Statoil ASA, Total Oil & Gas Production, By Country/Region, mmboe, 2012-2016 23
Figure 16: Statoil ASA, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2016 25
Figure 17: Statoil ASA, Crude Oil Production and Reserves Metrics, mmbbl, 2012-2016 26
Figure 18: Statoil ASA, Oil Reserves, End of Period, By Country/Region, mmbbl, 2012-2016 27
Figure 19: Statoil ASA, Oil Production, By Country/Region, mmbbl, 2012-2016 27
Figure 20: Statoil ASA, Crude Oil Reserve Changes, mmbbl, 2016 29
Figure 21: Statoil ASA, Natural Gas Production and Reserves Metrics, bcf, 2012-2016 30
Figure 22: Statoil ASA, Gas Reserves, End of Period, By Country/Region, bcf, 2012-2016 31
Figure 23: Statoil ASA, Gas Production, By Country/Region, bcf, 2012-2016 31
Figure 24: Statoil ASA, Natural Gas Reserve Changes, bcf, 2016 33
Figure 25: Statoil ASA, Oil and Gas Reserves Life Index, Years, 2012-2016 34
Figure 26: Statoil ASA, Gas Reserve Life Index, By Country/Region, Years, 2012-2016 35
Figure 27: Statoil ASA, Oil & Gas Reserve Life Index, By Country/Region, Years, 2012-2016 35
Figure 28: Statoil ASA, Oil Reserve Life Index, By Country/Region, Years, 2012-2016 36
Figure 29: Statoil ASA, Upstream Capital Expenditure, US$ mil, 2012-2016 38
Figure 30: Statoil ASA, Proved Acquisition Costs, By Country/Region, US$ mil, 2012-2016 40
Figure 31: Statoil ASA, Unproved Acquisition Costs, By Country/Region, US$ mil, 2012-2016 40
Figure 32: Statoil ASA, Development Costs, By Country/Region, US$ mil, 2012-2016 42
Figure 33: Statoil ASA, Exploration Costs, By Country/Region, US$ mil, 2012-2016 42
Figure 34: Statoil ASA, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2012-2016 44
Figure 35: Statoil ASA, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2012-2016 46
Figure 36: Statoil ASA, Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2012-2016 46
Figure 37: Statoil ASA, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2012-2016 47
Figure 38: Statoil ASA, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2012-2016 49
Figure 39: Statoil ASA, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2012-2016 52
Figure 40: Statoil ASA, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2012-2016 52
Figure 41: Statoil ASA, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2012-2016 53
Figure 42: Statoil ASA, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2012-2016 53
Figure 43: Statoil ASA, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2012-2016 54
Figure 44: Statoil ASA, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2012-2016 54
Figure 45: Statoil ASA, Revenue and Expenses, US$ mil, 2012-2016 57
Figure 46: Statoil ASA, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 59
Figure 47: Statoil ASA, Exploration Expenses, By Country/Region, US$ mil, 2012-2016 59
Figure 48: Statoil ASA, Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 60
Figure 49: Statoil ASA, Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 60
Figure 50: Statoil ASA, Oil & Gas Revenue, By Country/Region, US$ mil, 2012-2016 61
Figure 51: Statoil ASA, Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 61
Figure 52: Statoil ASA, Production Costs, By Country/Region, US$ mil, 2012-2016 62
Figure 53: Statoil ASA, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 62
Figure 54: Statoil ASA, Oil and Gas Revenue and Expenses, US$/boe, 2012-2016 65
Figure 55: Statoil ASA, Exploration Expenses per boe, By Country/Region, US$/boe, 2012-2016 66
Figure 56: Statoil ASA, Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2012-2016 66
Figure 57: Statoil ASA, Lifting Cost per boe, By Country/Region, US$/boe, 2012-2016 67
Figure 58: Statoil ASA, Annual Net Income per boe, By Country/Region, US$/boe, 2012-2016 67
Figure 59: Statoil ASA, Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2012-2016 68
Figure 60: Statoil ASA, Total DD&A per boe, By Country/Region, US$/boe, 2012-2016 68
Figure 61: Statoil ASA, Total Revenue per boe, By Country/Region, US$/boe, 2012-2016 69
Figure 62: Statoil ASA, Oil and Gas Performance Metrics, 2012-2016 72
Figure 63: Statoil ASA, Land Holdings (Developed and Undeveloped Acreage), Acres, 2012-2016 73
Figure 64: Statoil ASA, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2012-2016 74
Figure 65: Statoil ASA, Total Net Undeveloped Acreage, By Country/Region, Acres, 2012-2016 74
Figure 66: Statoil ASA, Total Gross Developed Acreage, By Country/Region, Acres, 2012-2016 75
Figure 67: Statoil ASA, Total Net Developed Acreage, By Country/Region, Acres, 2012-2016 75
Figure 68: Statoil ASA, Producible Oil and Gas Wells, 2012-2016 77
Figure 69: Statoil ASA, Gross Productive Gas Wells, By Country/Region, Number, 2012-2016 78
Figure 70: Statoil ASA, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2012-2016 78
Figure 71: Statoil ASA, Gross Productive Oil Wells, By Country/Region, Number, 2012-2016 79
Figure 72: Statoil ASA, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2012-2016 79
Figure 73: Statoil ASA, Net Productive Gas Wells, By Country/Region, Number, 2012-2016 80
Figure 74: Statoil ASA, Net Productive Oil & Gas Wells, By Country/Region, Number, 2012-2016 80
Figure 75: Statoil ASA, Net Productive Oil Wells, By Country/Region, Number, 2012-2016 81
Figure 76: Statoil ASA, Exploratory and Developed Wells, 2012-2016 84


If the above report does not have the information suitable for your business, we can provide custom research that can be lucrative for your business or enhance your profession.