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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
PetroChina Company Limited, Valuation and Financial Data 8
PetroChina Company Limited, Share Price Performance 8
Share Price Performance, Q2, 2015-Q2, 2016 8
PetroChina Company Limited, Key Valuation Metrics 9
Key Valuation Metrics, Q2, 2015-Q2, 2016 9
PetroChina Company Limited, Quarterly Production Trends 10
PetroChina Company Limited, Total Oil and Gas Production 10
Total Crude Oil and Natural Gas Production Trend, Q2, 2015-Q2, 2016 10
Total Crude Oil & Natural Gas Production, By Country/Region, Q2, 2015-Q2, 2016 11
PetroChina Company Limited, Crude Oil Production 12
Total Crude Oil Production Trend, Q2, 2015-Q2, 2016 12
Crude Oil Production, By Country/Region, Q2, 2015-Q2, 2016 13
PetroChina Company Limited, Natural Gas Production 14
Total Natural Gas Production Trend, Q2, 2015-Q2, 2016 14
Natural Gas Production, By Country/Region, Q2, 2015-Q2, 2016 15
PetroChina Company Limited, Valuation and Financial Data, 2011-2015 16
PetroChina Company Limited, Share Price Performance, 2011-2015 16
Share Price Performance, 2011-2015 16
Key Valuation Metrics, 2011-2015 17
PetroChina Company Limited, Production and Reserves Trends 18
Total Oil and Gas, Reserves and Production 18
Total Crude Oil and Natural Gas Production and Reserves Trend, 2011-2015 18
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2011-2015 20
Total Crude Oil and Natural Gas Reserve Changes, 2011-2015 22
Crude Oil/Liquids Production and Reserve 23
Crude Oil/Liquids Production and Reserve Trend, 2011-2015 23
Crude Oil Production and Reserves By Country/Region, 2011-2015 24
Crude Oil/Liquids Reserve Changes, 2011-2015 26
Natural Gas Production and Reserve 27
Natural Gas Production and Reserve Trend, 2011-2015 27
Natural Gas Production and Reserves, By Country/Region, 2011-2015 28
Natural Gas Reserve Changes, 2011-2015 30
Total Crude Oil and Natural Gas Reserves Life Index 31
Total Crude Oil and Natural Gas Reserves Life Index, 2011-2015 31
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2011-2015 32
PetroChina Company Limited, E&P Costs Trends 34
Allocation of the Upstream Capital Expenditure 34
Upstream Capital Expenditure, 2011-2015 34
Exploration and Development Costs, By Country/Region, 2011-2015 35
Oil and Gas Cost Per boe, US$/boe 37
Oil and Gas Cost Per boe, US$/boe, 2011-2015 37
PetroChina Company Limited, Reserve Replacement Ratio 39
Oil and Gas Production Replacement Ratio 39
Oil and Gas Production Replacement Ratio, 2011-2015 39
PetroChina Company Limited, Results of Oil & Gas Operations Trend 41
Oil and Gas Revenue and Expenses 41
Oil and Gas Revenue and Expenses, 2011-2015 41
Oil and Gas Revenue and Expenses, By Country/Region, 2011-2015 42
Oil and Gas Revenue and Expenses, Per boe 47
Oil and Gas Revenue and Expenses, By boe, 2011-2015 47
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2011-2015 48
Oil and Gas Performance Metrics 52
PetroChina Company Limited, Land Holdings and Well Data 53
Developed and Undeveloped Acreage 53
Gross and Net Developed and Undeveloped Acreage, 2011-2015 53
Well Statistics 54
Producible Oil and Gas Well, 2011-2015 54
Exploration and Development Wells Drilled, 2011-2015 55
Recent Developments 56
PetroChina Company Limited - Recent Developments 56
Oct 28, 2016: PetroChina Maintains Stable Operations For First Three Quarters Of 2016 Profit And Operations Continue To Improve Quarter-on-Quarter 56
Oct 28, 2016: PetroChina Company Appointment Of Vice Chairman Change Of Members Of The Board Committees And Resignation Of Vice President 57
Aug 24, 2016: PetroChina: Continuing Connected Transaction Products And Services Agreement 58
Aug 24, 2016: PetroChina: Proposed Appointment Of Director 59
Aug 24, 2016: PetroChina Records Profit In First Half Of 2016 59
Jul 11, 2016: LNG Canada’s Joint Venture Participants Delay Timing Of Final Investment Decision 62
Jun 24, 2016: PetroChina To Commission Anning Oil Refinery In October 2016 63
May 30, 2016: Government Of British Columbia: Premier Drives B.C. LNG Sector Forward In Japan 63
Feb 05, 2016: Greka Drilling Announces Operations Update 64
Feb 04, 2016: PetroChina Plans To Produce More Gas From Tarim Oilfield 65
Appendix 66
Methodology 66
Coverage 66
Secondary Research 66
Primary Research 66
Data Information Sources 67
Company Source 67
SEC/Other Regulatory Filings 67
Other Sources 67
Expert Panel Validation 67
Data Definition 67
Oil and Gas Reserves 67
Units of Measure 68
About GlobalData 68
Disclosure 68
Disclaimer 68
List of Tables
Table 1: PetroChina Company Limited, Key Facts 7
Table 2: PetroChina Company Limited, Share Price Performance, Q2, 2015-Q2, 2016 8
Table 3: PetroChina Company Limited, Key Valuation Metrics, Q2, 2015-Q2, 2016 9
Table 4: PetroChina Company Limited, Total Crude Oil and Natural Gas, Production, Q2, 2015-Q2, 2016 10
Table 5: PetroChina Company Limited, Total Oil & Gas Production, By Country/Region, mmboe, Q2, 2015-Q2, 2016 11
Table 6: PetroChina Company Limited, Total Crude Oil Production, mmbbl, Q2, 2015-Q2, 2016 12
Table 7: PetroChina Company Limited, Crude Oil Production, By Country/Region, mmbbl, Q2, 2015-Q2, 2016 13
Table 8: PetroChina Company Limited, Total Natural Gas Production, bcf, Q2, 2015-Q2, 2016 14
Table 9: PetroChina Company Limited, Natural Gas Production, By Country/Region, bcf, Q2, 2015-Q2, 2016 15
Table 10: PetroChina Company Limited, Share Price Performance, 2011-2015 16
Table 11: PetroChina Company Limited, Key Valuation Metrics, 2011-2015 17
Table 12: PetroChina Company Limited, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 19
Table 13: PetroChina Company Limited, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2011-2015 21
Table 14: PetroChina Company Limited, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2011-2015 22
Table 15: PetroChina Company Limited, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 23
Table 16: PetroChina Company Limited, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2011-2015 25
Table 17: PetroChina Company Limited, Crude Oil Reserve Changes, mmbbl, 2011-2015 26
Table 18: PetroChina Company Limited, Natural Gas Production and Reserves Metrics, bcf, 2011-2015 27
Table 19: PetroChina Company Limited, Natural Gas Production and Reserves, By Country/Region, bcf, 2011-2015 29
Table 20: PetroChina Company Limited, Natural Gas Reserve Changes, bcf, 2011-2015 30
Table 21: PetroChina Company Limited, Oil and Gas Reserves Life Index, Years, 2011-2015 31
Table 22: PetroChina Company Limited, Oil and Gas Reserves Life Index, By Country/Region, Years, 2011-2015 33
Table 23: PetroChina Company Limited, Upstream Capital Expenditure, US$ mil, 2011-2015 34
Table 24: PetroChina Company Limited, Exploration and Development Costs, By Country/Region, US$ mil, 2011-2015 36
Table 25: PetroChina Company Limited, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 38
Table 26: PetroChina Company Limited, Oil and Gas Production Replacement Ratio, %, 2011-2015 40
Table 27: PetroChina Company Limited, Revenue and Expenses, US$ mil, 2011-2015 41
Table 28: PetroChina Company Limited, Revenue and Expenses, By Country/Region, US$ mil, 2011-2015 46
Table 29: PetroChina Company Limited, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 47
Table 30: PetroChina Company Limited, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2011-2015 51
Table 31: PetroChina Company Limited, Oil and Gas Performance Metrics, 2011-2015 52
Table 32: PetroChina Company Limited, Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 53
Table 33: PetroChina Company Limited, Producible Oil and Gas Wells, 2011-2015 54
Table 34: PetroChina Company Limited, Exploratory and Developed Wells, 2011-2015 55
List of Figures
Figure 1: PetroChina Company Limited, Share Price Performance, CNY/Share, Q2, 2015-Q2, 2016 8
Figure 2: PetroChina Company Limited, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q2, 2015-Q2, 2016 9
Figure 3: PetroChina Company Limited, Total Crude Oil and Natural Gas, Production, mmboe, Q2, 2015-Q2, 2016 10
Figure 4: PetroChina Company Limited, Total Oil & Gas Production, By Country/Region, mmboe, Q2, 2015-Q2, 2016 11
Figure 5: PetroChina Company Limited, Total Crude Oil Production, mmbbl, Q2, 2015-Q2, 2016 12
Figure 6: PetroChina Company Limited, Crude Oil Production, By Country/Region, mmbbl, Q2, 2015-Q2, 2016 13
Figure 7: PetroChina Company Limited, Total Natural Gas Production, bcf, Q2, 2015-Q2, 2016 14
Figure 8: PetroChina Company Limited, Natural Gas Production, By Country/Region, bcf, Q2, 2015-Q2, 2016 15
Figure 9: PetroChina Company Limited, Share Price Performance, CNY/Share, 2011-2015 16
Figure 10: PetroChina Company Limited, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2011-2015 17
Figure 11: PetroChina Company Limited, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 18
Figure 12: PetroChina Company Limited, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2011-2015 20
Figure 13: PetroChina Company Limited, Total Oil & Gas Production, By Country/Region, mmboe, 2011-2015 20
Figure 14: PetroChina Company Limited, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2015 22
Figure 15: PetroChina Company Limited, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 23
Figure 16: PetroChina Company Limited, Oil Reserves, End of Period, By Country/Region, mmbbl, 2011-2015 24
Figure 17: PetroChina Company Limited, Oil Production, By Country/Region, mmbbl, 2011-2015 24
Figure 18: PetroChina Company Limited, Crude Oil Reserve Changes, mmbbl, 2015 26
Figure 19: PetroChina Company Limited, Natural Gas Production and Reserves Metrics, bcf, 2011-2015 27
Figure 20: PetroChina Company Limited, Gas Reserves, End of Period, By Country/Region, bcf, 2011-2015 28
Figure 21: PetroChina Company Limited, Gas Production, By Country/Region, bcf, 2011-2015 28
Figure 22: PetroChina Company Limited, Natural Gas Reserve Changes, bcf, 2015 30
Figure 23: PetroChina Company Limited, Oil and Gas Reserves Life Index, Years, 2011-2015 31
Figure 24: PetroChina Company Limited, Gas Reserve Life Index, By Country/Region, Years, 2011-2015 32
Figure 25: PetroChina Company Limited, Oil & Gas Reserve Life Index, By Country/Region, Years, 2011-2015 32
Figure 26: PetroChina Company Limited, Oil Reserve Life Index, By Country/Region, Years, 2011-2015 33
Figure 27: PetroChina Company Limited, Upstream Capital Expenditure, US$ mil, 2011-2015 34
Figure 28: PetroChina Company Limited, Development Costs, By Country/Region, US$ mil, 2011-2015 35
Figure 29: PetroChina Company Limited, Exploration Costs, By Country/Region, US$ mil, 2011-2015 35
Figure 30: PetroChina Company Limited, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 37
Figure 31: PetroChina Company Limited, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2011-2015 39
Figure 32: PetroChina Company Limited, Revenue and Expenses, US$ mil, 2011-2015 41
Figure 33: PetroChina Company Limited, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 42
Figure 34: PetroChina Company Limited, Exploration Expenses, By Country/Region, US$ mil, 2011-2015 42
Figure 35: PetroChina Company Limited, Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 43
Figure 36: PetroChina Company Limited, Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 43
Figure 37: PetroChina Company Limited, Oil & Gas Revenue, By Country/Region, US$ mil, 2011-2015 44
Figure 38: PetroChina Company Limited, Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 44
Figure 39: PetroChina Company Limited, Production Costs, By Country/Region, US$ mil, 2011-2015 45
Figure 40: PetroChina Company Limited, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 45
Figure 41: PetroChina Company Limited, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 47
Figure 42: PetroChina Company Limited, Exploration Expenses per boe, By Country/Region, US$/boe, 2011-2015 48
Figure 43: PetroChina Company Limited, Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2011-2015 48
Figure 44: PetroChina Company Limited, Lifting Cost per boe, By Country/Region, US$/boe, 2011-2015 49
Figure 45: PetroChina Company Limited, Annual Net Income per boe, By Country/Region, US$/boe, 2011-2015 49
Figure 46: PetroChina Company Limited, Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2011-2015 50
Figure 47: PetroChina Company Limited, Total DD&A per boe, By Country/Region, US$/boe, 2011-2015 50
Figure 48: PetroChina Company Limited, Total Revenue per boe, By Country/Region, US$/boe, 2011-2015 51
Figure 49: PetroChina Company Limited, Oil and Gas Performance Metrics, 2011-2015 52
Figure 50: PetroChina Company Limited, Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 53
Figure 51: PetroChina Company Limited, Producible Oil and Gas Wells, 2011-2015 54
Figure 52: PetroChina Company Limited, Exploratory and Developed Wells, 2011-2015 55