Woodside Petroleum Ltd Oil & Gas Exploration and Production Operations and Cost Analysis - Q2, 2018
November 2018
79
About the Report
About the Report
Woodside Petroleum Ltd Oil & Gas Exploration and Production Operations and Cost Analysis-Q2, 2018
Summary
Woodside Petroleum Ltd 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.
Woodside Petroleum Ltd (Woodside) is an independent oil and gas company that explores, develops, produces and supplies energy. It explores and produces oil and gas from a portfolio of facilities in association with some of the world's major oil and gas companies. The company operates liquefied natural gas trains, offshore gas platforms and oil floating production storage and offloading (FPSO) vessels. Woodside also operates a network of subsea and pipeline infrastructure in Australian waters. Woodside maintains international exploration assets in Oceania, Africa, Asia, the Americas and Europe. The company operates a deepwater production facility in the Gulf of Mexico. Woodside is headquartered in Perth, Western Australia, Australia.
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 (USD boe/d) and EV/Proved Reserve (USD /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.
Products
Products
Reserves, Production, Acquisition Costs, Development Costs, Exploration Costs, Total Costs Incurred, Acreage, Well, Price, Oil Reserves, Gas Reserves, Total Oil & Gas Reserves, Oil Production, Gas Production, Total Oil & Gas Production, F&D Costs Per boe, Reserve Replacement Ratio
Table of Contents
Table of Contents
Table of Contents
Table of Contents 2
List of Tables 4
List of Figures 5
Company Snapshot 6
Key Information 6
Company Overview 6
Woodside Petroleum Ltd, Valuation and Financial Data 7
Woodside Petroleum Ltd, Share Price Performance 7
Share Price Performance, Q2, 2017-Q2, 2018 7
Woodside Petroleum Ltd, Key Valuation Metrics 8
Key Valuation Metrics, Q2, 2017-Q2, 2018 8
Woodside Petroleum Ltd, Quarterly Results of Oil & Gas Operations Per boe Produced 9
Results of Oil & Gas Operations Per boe Produced, Q2, 2017-Q2, 2018 9
Results of Oil & Gas Operations Per boe Growth Rates, Q2, 2017-Q2, 2018 10
Woodside Petroleum Ltd, Quarterly E&P Costs Trends 11
Upstream Capital Expenditure, Q2, 2017-Q2, 2018 11
Woodside Petroleum Ltd, Quarterly Production Trends 13
Woodside Petroleum Ltd, Total Oil and Gas Production 13
Total Crude Oil and Natural Gas Production Trend, Q2, 2017-Q2, 2018 13
Total Crude Oil & Natural Gas Production, By Country/Region, Q2, 2017-Q2, 2018 15
Woodside Petroleum Ltd, Crude Oil Production 16
Total Crude Oil Production Trend, Q2, 2017-Q2, 2018 16
Crude Oil Production, By Country/Region, Q2, 2017-Q2, 2018 17
Woodside Petroleum Ltd, Natural Gas Production 18
Total Natural Gas Production Trend, Q2, 2017-Q2, 2018 18
Natural Gas Production, By Country/Region, Q2, 2017-Q2, 2018 19
Woodside Petroleum Ltd, Valuation and Financial Data, 2013-2017 20
Woodside Petroleum Ltd, Share Price Performance, 2013-2017 20
Share Price Performance, 2013-2017 20
Key Valuation Metrics, 2013-2017 22
Woodside Petroleum Ltd, Production and Reserves Trends 23
Total Oil and Gas, Reserves and Production 23
Total Crude Oil and Natural Gas Production and Reserves Trend, 2013-2017 23
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2013-2017 25
Total Crude Oil and Natural Gas Reserve Changes, 2013-2017 27
Crude Oil/Liquids Production and Reserve 28
Crude Oil/Liquids Production and Reserve Trend, 2013-2017 28
Crude Oil Production and Reserves By Country/Region, 2013-2017 30
Crude Oil/Liquids Reserve Changes, 2013-2017 32
Natural Gas Production and Reserve 33
Natural Gas Production and Reserve Trend, 2013-2017 33
Natural Gas Production and Reserves, By Country/Region, 2013-2017 35
Natural Gas Reserve Changes, 2013-2017 37
Total Crude Oil and Natural Gas Reserves Life Index 38
Total Crude Oil and Natural Gas Reserves Life Index, 2013-2017 38
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2013-2017 39
Woodside Petroleum Ltd, E&P Costs Trends 40
Allocation of the Upstream Capital Expenditure 40
Upstream Capital Expenditure, 2013-2017 40
Exploration and Development Costs, By Country/Region, 2013-2017 41
Oil and Gas Cost Per boe, USD /boe 42
Oil and Gas Cost Per boe, USD /boe, 2013-2017 42
Oil and Gas Cost Per boe, USD /boe, By Country/Region, 2013-2017 44
Woodside Petroleum Ltd, Reserve Replacement Ratio 45
Oil and Gas Production Replacement Ratio 45
Oil and Gas Production Replacement Ratio, 2013-2017 45
Oil and Gas Production Replacement Ratio, By Country/Region, 2013-2017 48
Woodside Petroleum Ltd, Results of Oil & Gas Operations Trend 49
Oil and Gas Revenue and Expenses 49
Oil and Gas Revenue and Expenses, 2013-2017 49
Oil and Gas Revenue and Expenses, By Country/Region, 2013-2017 51
Oil and Gas Revenue and Expenses, Per boe 58
Oil and Gas Revenue and Expenses, By boe, 2013-2017 58
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2013-2017 60
Oil and Gas Performance Metrics 61
Recent Developments 62
Woodside Petroleum Ltd-Recent Developments 62
Oct 02, 2018: East Timor to acquire 30% stake in Greater Sunrise oil and gas fields 62
Oct 02, 2018: East Timor to acquire 30% stake in Greater Sunrise oil and gas fields 62
Aug 15, 2018: Woodside records first half profit of USD 541 million 63
Aug 14, 2018: Wood launches new phase of subsea integrity management industry network 65
Jul 19, 2018: Woodside announces Second Quarter Report For Period Ended 30 June 2018 66
Jul 19, 2018: Woodside announces further exploration success offshore Myanmar 68
May 15, 2018: Cairn Energy Provides Annual General Meeting Chief Executive's Statement 69
Apr 18, 2018: Woodside Petroleum Announces First Quarter Report For Period Ended 31 March 2018 71
Mar 27, 2018: HHI Receives Approval In Principle From LR For LNG-Fuelled 250,000 Dwt VLOC 74
Mar 13, 2018: Wood Secures Three Contracts With Woodside In Senegal 75
Appendix 76
Methodology 76
Coverage 76
Secondary Research 76
Primary Research 77
Data Information Sources 77
Company Source 77
SEC/Other Regulatory Filings 77
Other Sources 77
Expert Panel Validation 77
Data Definition 78
Oil and Gas Reserves 78
Units of Measure 78
About GlobalData 79
Disclosure 79
Disclaimer 79
List of Figure
List of Figures
Figure 1: Woodside Petroleum Ltd, Share Price Performance, AUD/Share, Q2, 2017-Q2, 2018 7
Figure 2: Woodside Petroleum Ltd, Key Valuation Metrics, EV/Production (USD /boed), EV/Proved Reserve (USD /boe), Q2, 2017-Q2, 2018 8
Figure 3: Woodside Petroleum Ltd, Results of Oil & Gas Operations Per boe Produced, USD /boe, Q2, 2017-Q2, 2018 9
Figure 4: Woodside Petroleum Ltd, Upstream Capital Expenditure, USD mil, Q2, 2017-Q2, 2018 11
Figure 5: Woodside Petroleum Ltd, Total Crude Oil and Natural Gas, Production, mmboe, Q2, 2017-Q2, 2018 13
Figure 6: Woodside Petroleum Ltd, Total Oil & Gas Production, By Country/Region, mmboe, Q2, 2017-Q2, 2018 15
Figure 7: Woodside Petroleum Ltd, Total Crude Oil Production, mmbbl, Q2, 2017-Q2, 2018 16
Figure 8: Woodside Petroleum Ltd, Crude Oil Production, By Country/Region, mmbbl, Q2, 2017-Q2, 2018 17
Figure 9: Woodside Petroleum Ltd, Total Natural Gas Production, bcf, Q2, 2017-Q2, 2018 18
Figure 10: Woodside Petroleum Ltd, Natural Gas Production, By Country/Region, bcf, Q2, 2017-Q2, 2018 19
Figure 11: Woodside Petroleum Ltd, Share Price Performance, AUD/Share, 2013-2017 20
Figure 12: Woodside Petroleum Ltd, Key Valuation Metrics, EV/Production (USD /boed), EV/Proved Reserve (USD /boe), 2013-2017 22
Figure 13: Woodside Petroleum Ltd, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2013-2017 23
Figure 14: Woodside Petroleum Ltd, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2013-2017 25
Figure 15: Woodside Petroleum Ltd, Total Oil & Gas Production, By Country/Region, mmboe, 2013-2017 26
Figure 16: Woodside Petroleum Ltd, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2017 27
Figure 17: Woodside Petroleum Ltd, Crude Oil Production and Reserves Metrics, mmbbl, 2013-2017 28
Figure 18: Woodside Petroleum Ltd, Oil Reserves, End of Period, By Country/Region, mmbbl, 2013-2017 30
Figure 19: Woodside Petroleum Ltd, Oil Production, By Country/Region, mmbbl, 2013-2017 31
Figure 20: Woodside Petroleum Ltd, Crude Oil Reserve Changes, mmbbl, 2017 32
Figure 21: Woodside Petroleum Ltd, Natural Gas Production and Reserves Metrics, bcf, 2013-2017 33
Figure 22: Woodside Petroleum Ltd, Gas Reserves, End of Period, By Country/Region, bcf, 2013-2017 35
Figure 23: Woodside Petroleum Ltd, Gas Production, By Country/Region, bcf, 2013-2017 36
Figure 24: Woodside Petroleum Ltd, Natural Gas Reserve Changes, bcf, 2017 37
Figure 25: Woodside Petroleum Ltd, Oil and Gas Reserves Life Index, Years, 2013-2017 38
Figure 26: Woodside Petroleum Ltd, Oil Reserve Life Index, By Country/Region, Years, 2013-2017 39
Figure 27: Woodside Petroleum Ltd, Upstream Capital Expenditure, USD mil, 2013-2017 40
Figure 28: Woodside Petroleum Ltd, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, USD /boe, 2013-2017 42
Figure 29: Woodside Petroleum Ltd, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2013-2017 45
Figure 30: Woodside Petroleum Ltd, Revenue and Expenses, USD mil, 2013-2017 49
Figure 31: Woodside Petroleum Ltd, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, USD mil, 2013-2017 51
Figure 32: Woodside Petroleum Ltd, Exploration Expenses, By Country/Region, USD mil, 2013-2017 52
Figure 33: Woodside Petroleum Ltd, Oil & Gas Revenue, By Country/Region, USD mil, 2013-2017 53
Figure 34: Woodside Petroleum Ltd, Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, USD mil, 2013-2017 54
Figure 35: Woodside Petroleum Ltd, Production Costs, By Country/Region, USD mil, 2013-2017 55
Figure 36: Woodside Petroleum Ltd, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, USD mil, 2013-2017 56
Figure 37: Woodside Petroleum Ltd, Oil and Gas Revenue and Expenses, USD /boe, 2013-2017 58
Figure 38: Woodside Petroleum Ltd, Oil and Gas Performance Metrics, 2013-2017 61
List of Table
List of Tables
Table 1: Woodside Petroleum Ltd, Key Facts 6
Table 2: Woodside Petroleum Ltd, Share Price Performance, Q2, 2017-Q2, 2018 7
Table 3: Woodside Petroleum Ltd, Key Valuation Metrics, Q2, 2017-Q2, 2018 8
Table 4: Woodside Petroleum Ltd, Results of Oil & Gas Operations Per boe Produced, USD /boe, Q2, 2017-Q2, 2018 9
Table 5: Woodside Petroleum Ltd, Results of Oil & Gas Operations Per boe Growth Rates, %, Q2, 2017-Q2, 2018 10
Table 6: Woodside Petroleum Ltd, Upstream Capital Expenditure, Q2, 2017-Q2, 2018 12
Table 7: Woodside Petroleum Ltd, Total Crude Oil and Natural Gas, Production, Q2, 2017-Q2, 2018 14
Table 8: Woodside Petroleum Ltd, Total Oil & Gas Production, By Country/Region, mmboe, Q2, 2017-Q2, 2018 15
Table 9: Woodside Petroleum Ltd, Total Crude Oil Production, mmbbl, Q2, 2017-Q2, 2018 16
Table 10: Woodside Petroleum Ltd, Crude Oil Production, By Country/Region, mmbbl, Q2, 2017-Q2, 2018 17
Table 11: Woodside Petroleum Ltd, Total Natural Gas Production, bcf, Q2, 2017-Q2, 2018 18
Table 12: Woodside Petroleum Ltd, Natural Gas Production, By Country/Region, bcf, Q2, 2017-Q2, 2018 19
Table 13: Woodside Petroleum Ltd, Share Price Performance, 2013-2017 21
Table 14: Woodside Petroleum Ltd, Key Valuation Metrics, 2013-2017 22
Table 15: Woodside Petroleum Ltd, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2013-2017 24
Table 16: Woodside Petroleum Ltd, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2013-2017 26
Table 17: Woodside Petroleum Ltd, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2013-2017 27
Table 18: Woodside Petroleum Ltd, Crude Oil Production and Reserves Metrics, mmbbl, 2013-2017 29
Table 19: Woodside Petroleum Ltd, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2013-2017 31
Table 20: Woodside Petroleum Ltd, Crude Oil Reserve Changes, mmbbl, 2013-2017 32
Table 21: Woodside Petroleum Ltd, Natural Gas Production and Reserves Metrics, bcf, 2013-2017 34
Table 22: Woodside Petroleum Ltd, Natural Gas Production and Reserves, By Country/Region, bcf, 2013-2017 36
Table 23: Woodside Petroleum Ltd, Natural Gas Reserve Changes, bcf, 2013-2017 37
Table 24: Woodside Petroleum Ltd, Oil and Gas Reserves Life Index, Years, 2013-2017 38
Table 25: Woodside Petroleum Ltd, Oil and Gas Reserves Life Index, By Country/Region, Years, 2013-2017 39
Table 26: Woodside Petroleum Ltd, Upstream Capital Expenditure, USD mil, 2013-2017 40
Table 27: Woodside Petroleum Ltd, Exploration and Development Costs, By Country/Region, USD mil, 2013-2017 41
Table 28: Woodside Petroleum Ltd, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, USD /boe, 2013-2017 43
Table 29: Woodside Petroleum Ltd, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, USD /boe, By Country/Region, 2013-2017 44
Table 30: Woodside Petroleum Ltd, Oil and Gas Production Replacement Ratio, %, 2013-2017 46
Table 31: Woodside Petroleum Ltd, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2013-2017 48
Table 32: Woodside Petroleum Ltd, Revenue and Expenses, USD mil, 2013-2017 50
Table 33: Woodside Petroleum Ltd, Revenue and Expenses, By Country/Region, USD mil, 2013-2017 57
Table 34: Woodside Petroleum Ltd, Oil and Gas Revenue and Expenses, USD /boe, 2013-2017 59
Table 35: Woodside Petroleum Ltd, Oil and Gas Revenue and Expenses, USD /boe, By Country/Region, 2013-2017 60
Table 36: Woodside Petroleum Ltd, Oil and Gas Performance Metrics, 2013-2017 61
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