Statoil ASA Oil & Gas Exploration and Production Operations and Cost Analysis - Q3, 2016

GlobalData
86 Pages - GLDATA59099
$250.00

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.

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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, Q3, 2015-Q3, 2016 8
Statoil ASA, Key Valuation Metrics 9
Key Valuation Metrics, Q3, 2015-Q3, 2016 9
Statoil ASA, Quarterly Results of Oil & Gas Operations Per boe Produced 10
Results of Oil & Gas Operations Per boe Produced, Q3, 2015-Q3, 2016 10
Results of Oil & Gas Operations Per boe Growth Rates, Q3, 2015-Q3, 2016 11
Statoil ASA, Quarterly E&P Costs Trends 12
Upstream Capital Expenditure, Q3, 2015-Q3, 2016 12
Statoil ASA, Quarterly Production Trends 13
Statoil ASA, Total Oil and Gas Production 13
Total Crude Oil and Natural Gas Production Trend, Q3, 2015-Q3, 2016 13
Total Crude Oil & Natural Gas Production, By Country/Region, Q3, 2015-Q3, 2016 14
Statoil ASA, Crude Oil Production 15
Total Crude Oil Production Trend, Q3, 2015-Q3, 2016 15
Crude Oil Production, By Country/Region, Q3, 2015-Q3, 2016 16
Statoil ASA, Natural Gas Production 17
Total Natural Gas Production Trend, Q3, 2015-Q3, 2016 17
Natural Gas Production, By Country/Region, Q3, 2015-Q3, 2016 18
Statoil ASA, Valuation and Financial Data, 2011-2015 19
Statoil ASA, Share Price Performance, 2011-2015 19
Share Price Performance, 2011-2015 19
Key Valuation Metrics, 2011-2015 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, 2011-2015 21
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2011-2015 23
Total Crude Oil and Natural Gas Reserve Changes, 2011-2015 25
Crude Oil/Liquids Production and Reserve 26
Crude Oil/Liquids Production and Reserve Trend, 2011-2015 26
Crude Oil Production and Reserves By Country/Region, 2011-2015 27
Crude Oil/Liquids Reserve Changes, 2011-2015 29
Natural Gas Production and Reserve 30
Natural Gas Production and Reserve Trend, 2011-2015 30
Natural Gas Production and Reserves, By Country/Region, 2011-2015 31
Natural Gas Reserve Changes, 2011-2015 33
Total Crude Oil and Natural Gas Reserves Life Index 34
Total Crude Oil and Natural Gas Reserves Life Index, 2011-2015 34
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2011-2015 35
Statoil ASA, E&P Costs Trends 37
Allocation of the Upstream Capital Expenditure 37
Upstream Capital Expenditure, 2011-2015 37
Acquisition Costs By Country/Region, 2011-2015 38
Exploration and Development Costs, By Country/Region, 2011-2015 40
Oil and Gas Cost Per boe, US$/boe 42
Oil and Gas Cost Per boe, US$/boe, 2011-2015 42
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2011-2015 44
Statoil ASA, Reserve Replacement Ratio 46
Oil and Gas Production Replacement Ratio 46
Oil and Gas Production Replacement Ratio, 2011-2015 46
Oil and Gas Production Replacement Ratio, By Country/Region, 2011-2015 48
Statoil ASA, Results of Oil & Gas Operations Trend 52
Oil and Gas Revenue and Expenses 52
Oil and Gas Revenue and Expenses, 2011-2015 52
Oil and Gas Revenue and Expenses, By Country/Region, 2011-2015 53
Oil and Gas Revenue and Expenses, Per boe 59
Oil and Gas Revenue and Expenses, By boe, 2011-2015 59
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2011-2015 60
Oil and Gas Performance Metrics 65
Statoil ASA, Land Holdings and Well Data 66
Developed and Undeveloped Acreage 66
Gross and Net Developed and Undeveloped Acreage, 2011-2015 66
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2011-2015 67
Well Statistics 70
Producible Oil and Gas Well, 2011-2015 70
Producible Oil and Gas Well, By Country/Region, 2011-2015 71
Exploration and Development Wells Drilled, 2011-2015 76
Recent Developments 77
Statoil ASA - Recent Developments 77
Dec 27, 2016: Lithuania To Receive LNG Cargo From Norway 77
Dec 24, 2016: Bardot Group to work with Nexans on Hywind, World's First Floating Wind Farm 77
Dec 23, 2016: SOCAR And BP-Operated AIOC Sign Principles Of Agreement On Future Development Of ACG Oil Field In Azerbaijan To 2050 77
Dec 21, 2016: Statoil: Investigations Completed 78
Dec 21, 2016: CCB Wins Important Rig Job 80
Dec 21, 2016: Siem WIS Enters Into Frame Agreement With Statoil For Provision Of RCD Services 80
Dec 21, 2016: PSA: Audit Of Fabrication Of Johan Sverdrup 80
Dec 20, 2016: Statoil: One Billion Barrels From Troll B 81
Dec 16, 2016: Offshore wind energy near the Big Apple draws intense bidding 81
Dec 16, 2016: Statoil wins offshore wind lease sale in New York 82
Appendix 84
Methodology 84
Coverage 84
Secondary Research 84
Primary Research 84
Data Information Sources 85
Company Source 85
SEC/Other Regulatory Filings 85
Other Sources 85
Expert Panel Validation 85
Data Definition 85
Oil and Gas Reserves 85
Units of Measure 86
About GlobalData 86
Disclosure 86
Disclaimer 86

List of Tables
Table 1: Statoil ASA, Key Facts 7
Table 2: Statoil ASA, Share Price Performance, Q3, 2015-Q3, 2016 8
Table 3: Statoil ASA, Key Valuation Metrics, Q3, 2015-Q3, 2016 9
Table 4: Statoil ASA, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q3, 2015-Q3, 2016 10
Table 5: Statoil ASA, Results of Oil & Gas Operations Per boe Growth Rates, %, Q3, 2015-Q3, 2016 11
Table 6: Statoil ASA, Upstream Capital Expenditure, Q3, 2015-Q3, 2016 12
Table 7: Statoil ASA, Total Crude Oil and Natural Gas, Production, Q3, 2015-Q3, 2016 13
Table 8: Statoil ASA, Total Oil & Gas Production, By Country/Region, mmboe, Q3, 2015-Q3, 2016 14
Table 9: Statoil ASA, Total Crude Oil Production, mmbbl, Q3, 2015-Q3, 2016 15
Table 10: Statoil ASA, Crude Oil Production, By Country/Region, mmbbl, Q3, 2015-Q3, 2016 16
Table 11: Statoil ASA, Total Natural Gas Production, bcf, Q3, 2015-Q3, 2016 17
Table 12: Statoil ASA, Natural Gas Production, By Country/Region, bcf, Q3, 2015-Q3, 2016 18
Table 13: Statoil ASA, Share Price Performance, 2011-2015 19
Table 14: Statoil ASA, Key Valuation Metrics, 2011-2015 20
Table 15: Statoil ASA, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 22
Table 16: Statoil ASA, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2011-2015 24
Table 17: Statoil ASA, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2011-2015 25
Table 18: Statoil ASA, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 26
Table 19: Statoil ASA, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2011-2015 28
Table 20: Statoil ASA, Crude Oil Reserve Changes, mmbbl, 2011-2015 29
Table 21: Statoil ASA, Natural Gas Production and Reserves Metrics, bcf, 2011-2015 30
Table 22: Statoil ASA, Natural Gas Production and Reserves, By Country/Region, bcf, 2011-2015 32
Table 23: Statoil ASA, Natural Gas Reserve Changes, bcf, 2011-2015 33
Table 24: Statoil ASA, Oil and Gas Reserves Life Index, Years, 2011-2015 34
Table 25: Statoil ASA, Oil and Gas Reserves Life Index, By Country/Region, Years, 2011-2015 36
Table 26: Statoil ASA, Upstream Capital Expenditure, US$ mil, 2011-2015 37
Table 27: Statoil ASA, Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 39
Table 28: Statoil ASA, Exploration and Development Costs, By Country/Region, US$ mil, 2011-2015 41
Table 29: Statoil ASA, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 43
Table 30: Statoil ASA, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2011-2015 45
Table 31: Statoil ASA, Oil and Gas Production Replacement Ratio, %, 2011-2015 47
Table 32: Statoil ASA, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2011-2015 51
Table 33: Statoil ASA, Revenue and Expenses, US$ mil, 2011-2015 52
Table 34: Statoil ASA, Revenue and Expenses, By Country/Region, US$ mil, 2011-2015 57
Table 35: Statoil ASA, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 59
Table 36: Statoil ASA, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2011-2015 64
Table 37: Statoil ASA, Oil and Gas Performance Metrics, 2011-2015 65
Table 38: Statoil ASA, Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 66
Table 39: Statoil ASA, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2011-2015 69
Table 40: Statoil ASA, Producible Oil and Gas Wells, 2011-2015 70
Table 41: Statoil ASA, Producible Oil and Gas Wells, By Country/Region, 2011-2015 75
Table 42: Statoil ASA, Exploratory and Developed Wells, 2011-2015 76

List of Figures
Figure 1: Statoil ASA, Share Price Performance, NOK/Share, Q3, 2015-Q3, 2016 8
Figure 2: Statoil ASA, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q3, 2015-Q3, 2016 9
Figure 3: Statoil ASA, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q3, 2015-Q3, 2016 10
Figure 4: Statoil ASA, Upstream Capital Expenditure, US$ mil, Q3, 2015-Q3, 2016 12
Figure 5: Statoil ASA, Total Crude Oil and Natural Gas, Production, mmboe, Q3, 2015-Q3, 2016 13
Figure 6: Statoil ASA, Total Oil & Gas Production, By Country/Region, mmboe, Q3, 2015-Q3, 2016 14
Figure 7: Statoil ASA, Total Crude Oil Production, mmbbl, Q3, 2015-Q3, 2016 15
Figure 8: Statoil ASA, Crude Oil Production, By Country/Region, mmbbl, Q3, 2015-Q3, 2016 16
Figure 9: Statoil ASA, Total Natural Gas Production, bcf, Q3, 2015-Q3, 2016 17
Figure 10: Statoil ASA, Natural Gas Production, By Country/Region, bcf, Q3, 2015-Q3, 2016 18
Figure 11: Statoil ASA, Share Price Performance, NOK/Share, 2011-2015 19
Figure 12: Statoil ASA, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2011-2015 20
Figure 13: Statoil ASA, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 21
Figure 14: Statoil ASA, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2011-2015 23
Figure 15: Statoil ASA, Total Oil & Gas Production, By Country/Region, mmboe, 2011-2015 23
Figure 16: Statoil ASA, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2015 25
Figure 17: Statoil ASA, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 26
Figure 18: Statoil ASA, Oil Reserves, End of Period, By Country/Region, mmbbl, 2011-2015 27
Figure 19: Statoil ASA, Oil Production, By Country/Region, mmbbl, 2011-2015 27
Figure 20: Statoil ASA, Crude Oil Reserve Changes, mmbbl, 2015 29
Figure 21: Statoil ASA, Natural Gas Production and Reserves Metrics, bcf, 2011-2015 30
Figure 22: Statoil ASA, Gas Reserves, End of Period, By Country/Region, bcf, 2011-2015 31
Figure 23: Statoil ASA, Gas Production, By Country/Region, bcf, 2011-2015 31
Figure 24: Statoil ASA, Natural Gas Reserve Changes, bcf, 2015 33
Figure 25: Statoil ASA, Oil and Gas Reserves Life Index, Years, 2011-2015 34
Figure 26: Statoil ASA, Gas Reserve Life Index, By Country/Region, Years, 2011-2015 35
Figure 27: Statoil ASA, Oil & Gas Reserve Life Index, By Country/Region, Years, 2011-2015 35
Figure 28: Statoil ASA, Oil Reserve Life Index, By Country/Region, Years, 2011-2015 36
Figure 29: Statoil ASA, Upstream Capital Expenditure, US$ mil, 2011-2015 37
Figure 30: Statoil ASA, Proved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 38
Figure 31: Statoil ASA, Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 38
Figure 32: Statoil ASA, Development Costs, By Country/Region, US$ mil, 2011-2015 40
Figure 33: Statoil ASA, Exploration Costs, By Country/Region, US$ mil, 2011-2015 40
Figure 34: Statoil ASA, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 42
Figure 35: Statoil ASA, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 44
Figure 36: Statoil ASA, Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 44
Figure 37: Statoil ASA, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 45
Figure 38: Statoil ASA, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2011-2015 46
Figure 39: Statoil ASA, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2011-2015 48
Figure 40: Statoil ASA, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2011-2015 48
Figure 41: Statoil ASA, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2011-2015 49
Figure 42: Statoil ASA, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2011-2015 49
Figure 43: Statoil ASA, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2011-2015 50
Figure 44: Statoil ASA, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2011-2015 50
Figure 45: Statoil ASA, Revenue and Expenses, US$ mil, 2011-2015 52
Figure 46: Statoil ASA, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 53
Figure 47: Statoil ASA, Exploration Expenses, By Country/Region, US$ mil, 2011-2015 53
Figure 48: Statoil ASA, Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 54
Figure 49: Statoil ASA, Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 54
Figure 50: Statoil ASA, Oil & Gas Revenue, By Country/Region, US$ mil, 2011-2015 55
Figure 51: Statoil ASA, Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 55
Figure 52: Statoil ASA, Production Costs, By Country/Region, US$ mil, 2011-2015 56
Figure 53: Statoil ASA, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 56
Figure 54: Statoil ASA, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 59
Figure 55: Statoil ASA, Exploration Expenses per boe, By Country/Region, US$/boe, 2011-2015 60
Figure 56: Statoil ASA, Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2011-2015 60
Figure 57: Statoil ASA, Lifting Cost per boe, By Country/Region, US$/boe, 2011-2015 61
Figure 58: Statoil ASA, Annual Net Income per boe, By Country/Region, US$/boe, 2011-2015 61
Figure 59: Statoil ASA, Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2011-2015 62
Figure 60: Statoil ASA, Total DD&A per boe, By Country/Region, US$/boe, 2011-2015 62
Figure 61: Statoil ASA, Total Revenue per boe, By Country/Region, US$/boe, 2011-2015 63
Figure 62: Statoil ASA, Oil and Gas Performance Metrics, 2011-2015 65
Figure 63: Statoil ASA, Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 66
Figure 64: Statoil ASA, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2011-2015 67
Figure 65: Statoil ASA, Total Net Undeveloped Acreage, By Country/Region, Acres, 2011-2015 67
Figure 66: Statoil ASA, Total Gross Developed Acreage, By Country/Region, Acres, 2011-2015 68
Figure 67: Statoil ASA, Total Net Developed Acreage, By Country/Region, Acres, 2011-2015 68
Figure 68: Statoil ASA, Producible Oil and Gas Wells, 2011-2015 70
Figure 69: Statoil ASA, Gross Productive Gas Wells, By Country/Region, Number, 2011-2015 71
Figure 70: Statoil ASA, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 71
Figure 71: Statoil ASA, Gross Productive Oil Wells, By Country/Region, Number, 2011-2015 72
Figure 72: Statoil ASA, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2011-2015 72
Figure 73: Statoil ASA, Net Productive Gas Wells, By Country/Region, Number, 2011-2015 73
Figure 74: Statoil ASA, Net Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 73
Figure 75: Statoil ASA, Net Productive Oil Wells, By Country/Region, Number, 2011-2015 74
Figure 76: Statoil ASA, Exploratory and Developed Wells, 2011-2015 76

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