Abu Dhabi National Energy Co Oil & Gas Exploration and Production Operations and Cost Analysis - Q1, 2018
November 2018
67
About the Report
About the Report
Abu Dhabi National Energy Co Oil & Gas Exploration and Production Operations and Cost Analysis-Q1, 2018
Summary
Abu Dhabi National Energy Co 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.
Abu Dhabi National Energy Company (TAQA), a subsidiary of government-owned Abu Dhabi Water and Electricity Authority, is an energy and water company. It undertakes power generation; exploration, development, production and storage of oil and gas; pipelines and gas storage; and water desalination. TAQA serves power, oil and gas and water industries. The company together with its subsidiaries operates in Europe, North America, North Africa, Middle East and India. TAQA is headquartered in Abu Dhabi, the UAE.
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
Abu Dhabi National Energy Co, Valuation and Financial Data 7
Abu Dhabi National Energy Co, Share Price Performance 7
Share Price Performance, Q1, 2017-Q1, 2018 7
Abu Dhabi National Energy Co, Key Valuation Metrics 8
Key Valuation Metrics, Q1, 2017-Q1, 2018 8
Abu Dhabi National Energy Co, Quarterly Results of Oil & Gas Operations Per boe Produced 9
Results of Oil & Gas Operations Per boe Produced, Q1, 2017-Q1, 2018 9
Results of Oil & Gas Operations Per boe Growth Rates, Q1, 2017-Q1, 2018 10
Abu Dhabi National Energy Co, Quarterly Production Trends 11
Abu Dhabi National Energy Co, Total Oil and Gas Production 11
Total Crude Oil and Natural Gas Production Trend, Q1, 2017-Q1, 2018 11
Total Crude Oil & Natural Gas Production, By Country/Region, Q1, 2017-Q1, 2018 13
Abu Dhabi National Energy Co, Crude Oil Production 14
Total Crude Oil Production Trend, Q1, 2017-Q1, 2018 14
Crude Oil Production, By Country/Region, Q1, 2017-Q1, 2018 15
Abu Dhabi National Energy Co, Natural Gas Production 16
Total Natural Gas Production Trend, Q1, 2017-Q1, 2018 16
Natural Gas Production, By Country/Region, Q1, 2017-Q1, 2018 17
Abu Dhabi National Energy Co, Valuation and Financial Data, 2013-2017 18
Abu Dhabi National Energy Co, Share Price Performance, 2013-2017 18
Share Price Performance, 2013-2017 18
Key Valuation Metrics, 2013-2017 19
Abu Dhabi National Energy Co, Production and Reserves Trends 20
Total Oil and Gas, Reserves and Production 20
Total Crude Oil and Natural Gas Production and Reserves Trend, 2013-2017 20
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2013-2017 22
Total Crude Oil and Natural Gas Reserve Changes, 2013-2017 25
Crude Oil/Liquids Production and Reserve 26
Crude Oil/Liquids Production and Reserve Trend, 2013-2017 26
Crude Oil Production and Reserves By Country/Region, 2013-2017 27
Natural Gas Production and Reserve 28
Natural Gas Production and Reserve Trend, 2013-2017 28
Natural Gas Production and Reserves, By Country/Region, 2013-2017 29
Total Crude Oil and Natural Gas Reserves Life Index 30
Total Crude Oil and Natural Gas Reserves Life Index, 2013-2017 30
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2013-2017 31
Abu Dhabi National Energy Co, E&P Costs Trends 32
Allocation of the Upstream Capital Expenditure 32
Upstream Capital Expenditure, 2013-2017 32
Exploration and Development Costs, By Country/Region, 2013-2017 33
Abu Dhabi National Energy Co, Results of Oil & Gas Operations Trend 34
Oil and Gas Revenue and Expenses 34
Oil and Gas Revenue and Expenses, 2013-2017 34
Oil and Gas Revenue and Expenses, By Country/Region, 2013-2017 36
Oil and Gas Revenue and Expenses, Per boe 45
Oil and Gas Revenue and Expenses, By boe, 2013-2017 45
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2013-2017 47
Oil and Gas Performance Metrics 53
Recent Developments 54
Abu Dhabi National Energy Co-Recent Developments 54
May 10, 2018: Taqa Reports 42% Rise In Net Profits For Its 2018 First Quarter Results 54
Mar 22, 2018: Taqa Reports Full Year Net Profit Of AED 160 Million For 2017 55
Feb 21, 2018: Sparrows Group Re-Awarded Two Five-Year Contracts From TAQA 57
Feb 08, 2018: TAQA Announces Preliminary 2017 Full-Year Financial Results 57
Jan 25, 2018: TAQA Achieves Milestone In Extending Northern North Sea Field Life 58
Nov 09, 2017: TAQA Announces 9M 2017 Financial Results 59
Aug 09, 2017: TAQA Announces First Half 2017 Financial Results 60
Jul 03, 2017: TAQA Starts Oil Production At Atrush Block In Kurdistan Region Of Iraq 61
May 29, 2017: Bibby Offshore Awarded Significant Contract With TAQA 62
May 11, 2017: TAQA Announces Q1 2017 Financial Results 63
Appendix 64
Methodology 64
Coverage 64
Secondary Research 64
Primary Research 65
Data Information Sources 65
Company Source 65
SEC/Other Regulatory Filings 65
Other Sources 65
Expert Panel Validation 65
Data Definition 66
Oil and Gas Reserves 66
Units of Measure 66
About GlobalData 67
Disclosure 67
Disclaimer 67
List of Figure
List of Figures
Figure 1: Abu Dhabi National Energy Co, Share Price Performance, AED/Share, Q1, 2017-Q1, 2018 7
Figure 2: Abu Dhabi National Energy Co, Key Valuation Metrics, EV/Production (USD /boed), EV/Proved Reserve (USD /boe), Q1, 2017-Q1, 2018 8
Figure 3: Abu Dhabi National Energy Co, Results of Oil & Gas Operations Per boe Produced, USD /boe, Q1, 2017-Q1, 2018 9
Figure 4: Abu Dhabi National Energy Co, Total Crude Oil and Natural Gas, Production, mmboe, Q1, 2017-Q1, 2018 11
Figure 5: Abu Dhabi National Energy Co, Total Oil & Gas Production, By Country/Region, mmboe, Q1, 2017-Q1, 2018 13
Figure 6: Abu Dhabi National Energy Co, Total Crude Oil Production, mmbbl, Q1, 2017-Q1, 2018 14
Figure 7: Abu Dhabi National Energy Co, Crude Oil Production, By Country/Region, mmbbl, Q1, 2017-Q1, 2018 15
Figure 8: Abu Dhabi National Energy Co, Total Natural Gas Production, bcf, Q1, 2017-Q1, 2018 16
Figure 9: Abu Dhabi National Energy Co, Natural Gas Production, By Country/Region, bcf, Q1, 2017-Q1, 2018 17
Figure 11: Abu Dhabi National Energy Co, Key Valuation Metrics, EV/Production (USD /boed), EV/Proved Reserve (USD /boe), 2013-2017 19
Figure 12: Abu Dhabi National Energy Co, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2013-2017 20
Figure 13: Abu Dhabi National Energy Co, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2013-2017 22
Figure 14: Abu Dhabi National Energy Co, Total Oil & Gas Production, By Country/Region, mmboe, 2013-2017 23
Figure 15: Abu Dhabi National Energy Co, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2017 25
Figure 16: Abu Dhabi National Energy Co, Crude Oil Production and Reserves Metrics, mmbbl, 2013-2017 26
Figure 17: Abu Dhabi National Energy Co, Oil Production, By Country/Region, mmbbl, 2013-2017 27
Figure 18: Abu Dhabi National Energy Co, Natural Gas Production and Reserves Metrics, bcf, 2013-2017 28
Figure 19: Abu Dhabi National Energy Co, Gas Production, By Country/Region, bcf, 2013-2017 29
Figure 20: Abu Dhabi National Energy Co, Oil and Gas Reserves Life Index, Years, 2013-2017 30
Figure 21: Abu Dhabi National Energy Co, Oil & Gas Reserve Life Index, By Country/Region, Years, 2013-2017 31
Figure 22: Abu Dhabi National Energy Co, Upstream Capital Expenditure, USD mil, 2013-2017 32
Figure 23: Abu Dhabi National Energy Co, Revenue and Expenses, USD mil, 2013-2017 34
Figure 24: Abu Dhabi National Energy Co, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, USD mil, 2013-2017 36
Figure 25: Abu Dhabi National Energy Co, Exploration Expenses, By Country/Region, USD mil, 2013-2017 37
Figure 26: Abu Dhabi National Energy Co, Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, USD mil, 2013-2017 38
Figure 27: Abu Dhabi National Energy Co, Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, USD mil, 2013-2017 38
Figure 28: Abu Dhabi National Energy Co, Oil & Gas Revenue, By Country/Region, USD mil, 2013-2017 39
Figure 29: Abu Dhabi National Energy Co, Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, USD mil, 2013-2017 40
Figure 30: Abu Dhabi National Energy Co, Production Costs, By Country/Region, USD mil, 2013-2017 41
Figure 31: Abu Dhabi National Energy Co, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, USD mil, 2013-2017 42
Figure 32: Abu Dhabi National Energy Co, Oil and Gas Revenue and Expenses, USD /boe, 2013-2017 45
Figure 33: Abu Dhabi National Energy Co, Exploration Expenses per boe, By Country/Region, USD /boe, 2013-2017 47
Figure 34: Abu Dhabi National Energy Co, Lifting Cost per boe, By Country/Region, USD /boe, 2013-2017 48
Figure 36: Abu Dhabi National Energy Co, Oil & Gas Revenue per boe, By Country/Region, USD /boe, 2013-2017 49
Figure 37: Abu Dhabi National Energy Co, Total DD&A per boe, By Country/Region, USD /boe, 2013-2017 50
Figure 38: Abu Dhabi National Energy Co, Total Revenue per boe, By Country/Region, USD /boe, 2013-2017 51
Figure 39: Abu Dhabi National Energy Co, Oil and Gas Performance Metrics, 2013-2017 53
List of Table
List of Tables
Table 1: Abu Dhabi National Energy Co, Key Facts 6
Table 2: Abu Dhabi National Energy Co, Share Price Performance, Q1, 2017-Q1, 2018 7
Table 3: Abu Dhabi National Energy Co, Key Valuation Metrics, Q1, 2017-Q1, 2018 8
Table 4: Abu Dhabi National Energy Co, Results of Oil & Gas Operations Per boe Produced, USD /boe, Q1, 2017-Q1, 2018 9
Table 5: Abu Dhabi National Energy Co, Results of Oil & Gas Operations Per boe Growth Rates, %, Q1, 2017-Q1, 2018 10
Table 6: Abu Dhabi National Energy Co, Total Crude Oil and Natural Gas, Production, Q1, 2017-Q1, 2018 12
Table 7: Abu Dhabi National Energy Co, Total Oil & Gas Production, By Country/Region, mmboe, Q1, 2017-Q1, 2018 13
Table 8: Abu Dhabi National Energy Co, Total Crude Oil Production, mmbbl, Q1, 2017-Q1, 2018 14
Table 9: Abu Dhabi National Energy Co, Crude Oil Production, By Country/Region, mmbbl, Q1, 2017-Q1, 2018 15
Table 10: Abu Dhabi National Energy Co, Total Natural Gas Production, bcf, Q1, 2017-Q1, 2018 16
Table 11: Abu Dhabi National Energy Co, Natural Gas Production, By Country/Region, bcf, Q1, 2017-Q1, 2018 17
Table 12: Abu Dhabi National Energy Co, Share Price Performance, 2013-2017 18
Table 13: Abu Dhabi National Energy Co, Key Valuation Metrics, 2013-2017 19
Table 14: Abu Dhabi National Energy Co, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2013-2017 21
Table 15: Abu Dhabi National Energy Co, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2013-2017 24
Table 16: Abu Dhabi National Energy Co, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2013-2017 25
Table 17: Abu Dhabi National Energy Co, Crude Oil Production and Reserves Metrics, mmbbl, 2013-2017 26
Table 18: Abu Dhabi National Energy Co, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2013-2017 27
Table 20: Abu Dhabi National Energy Co, Natural Gas Production and Reserves Metrics, bcf, 2013-2017 28
Table 21: Abu Dhabi National Energy Co, Natural Gas Production and Reserves, By Country/Region, bcf, 2013-2017 29
Table 23: Abu Dhabi National Energy Co, Oil and Gas Reserves Life Index, Years, 2013-2017 30
Table 24: Abu Dhabi National Energy Co, Oil and Gas Reserves Life Index, By Country/Region, Years, 2013-2017 31
Table 25: Abu Dhabi National Energy Co, Upstream Capital Expenditure, USD mil, 2013-2017 32
Table 27: Abu Dhabi National Energy Co, Exploration and Development Costs, By Country/Region, USD mil, 2013-2017 33
Table 28: Abu Dhabi National Energy Co, Revenue and Expenses, USD mil, 2013-2017 35
Table 29: Abu Dhabi National Energy Co, Revenue and Expenses, By Country/Region, USD mil, 2013-2017 43
Table 30: Abu Dhabi National Energy Co, Oil and Gas Revenue and Expenses, USD /boe, 2013-2017 46
Table 31: Abu Dhabi National Energy Co, Oil and Gas Revenue and Expenses, USD /boe, By Country/Region, 2013-2017 52
Table 32: Abu Dhabi National Energy Co, Oil and Gas Performance Metrics, 2013-2017 53
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