Executive Summary
Imperial Oil Limited Oil & Gas Exploration and Production Operations and Cost Analysis-Q2, 2016
Summary
Imperial Oil Limited 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 5
List of Figures 6
Company Snapshot 8
Key Information 8
Company Overview 8
Imperial Oil Limited, Valuation and Financial Data 9
Imperial Oil Limited, Share Price Performance 9
Share Price Performance, Q2, 2015-Q2, 2016 9
Imperial Oil Limited, Key Valuation Metrics 10
Key Valuation Metrics, Q2, 2015-Q2, 2016 10
Imperial Oil Limited, Quarterly Results of Oil & Gas Operations Per boe Produced 11
Results of Oil & Gas Operations Per boe Produced, Q2, 2015-Q2, 2016 11
Results of Oil & Gas Operations Per boe Growth Rates, Q2, 2015-Q2, 2016 12
Imperial Oil Limited, Quarterly E&P Costs Trends 13
Upstream Capital Expenditure, Q2, 2015-Q2, 2016 13
Imperial Oil Limited, Quarterly Production Trends 14
Imperial Oil Limited, Total Oil and Gas Production 14
Total Crude Oil and Natural Gas Production Trend, Q2, 2015-Q2, 2016 14
Total Crude Oil & Natural Gas Production, By Country/Region, Q2, 2015-Q2, 2016 15
Imperial Oil Limited, Crude Oil Production 16
Total Crude Oil Production Trend, Q2, 2015-Q2, 2016 16
Crude Oil Production, By Country/Region, Q2, 2015-Q2, 2016 17
Imperial Oil Limited, Natural Gas Production 18
Total Natural Gas Production Trend, Q2, 2015-Q2, 2016 18
Natural Gas Production, By Country/Region, Q2, 2015-Q2, 2016 19
Imperial Oil Limited, Valuation and Financial Data, 2011-2015 20
Imperial Oil Limited, Share Price Performance, 2011-2015 20
Share Price Performance, 2011-2015 20
Key Valuation Metrics, 2011-2015 21
Imperial Oil Limited, Production and Reserves Trends 22
Total Oil and Gas, Reserves and Production 22
Total Crude Oil and Natural Gas Production and Reserves Trend, 2011-2015 22
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2011-2015 24
Total Crude Oil and Natural Gas Reserve Changes, 2011-2015 26
Crude Oil/Liquids Production and Reserve 27
Crude Oil/Liquids Production and Reserve Trend, 2011-2015 27
Crude Oil Production and Reserves By Country/Region, 2011-2015 28
Crude Oil/Liquids Reserve Changes, 2011-2015 30
Natural Gas Production and Reserve 31
Natural Gas Production and Reserve Trend, 2011-2015 31
Natural Gas Production and Reserves, By Country/Region, 2011-2015 32
Natural Gas Reserve Changes, 2011-2015 34
Total Crude Oil and Natural Gas Reserves Life Index 35
Total Crude Oil and Natural Gas Reserves Life Index, 2011-2015 35
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2011-2015 36
Imperial Oil Limited, E&P Costs Trends 38
Allocation of the Upstream Capital Expenditure 38
Upstream Capital Expenditure, 2011-2015 38
Acquisition Costs By Country/Region, 2011-2015 39
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
Imperial Oil Limited, 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
Imperial Oil Limited, 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 58
Oil and Gas Revenue and Expenses, By boe, 2011-2015 58
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2011-2015 59
Oil and Gas Performance Metrics 63
Imperial Oil Limited, Land Holdings and Well Data 64
Developed and Undeveloped Acreage 64
Gross and Net Developed and Undeveloped Acreage, 2011-2015 64
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2011-2015 65
Well Statistics 68
Producible Oil and Gas Well, 2011-2015 68
Producible Oil and Gas Well, By Country/Region, 2011-2015 69
Exploration and Development Wells Drilled, 2011-2015 73
Recent Developments 74
Imperial Oil Limited-Recent Developments 74
Oct 28, 2016: Imperial Earns $1 Billion In Third Quarter Of 2016 74
Oct 27, 2016: WEX And ExxonMobil Extend North American Fleet Card Contract For 10 More Years 79
Sep 01, 2016: Imperial Oil Commences Maintenance At Canada's Kearl Oil Sands Project 79
Aug 24, 2016: Imperial Oil To Begin Maintenance Work On Kearl Oil Sands Project In September 2016 80
Jul 29, 2016: Imperial Reports $181 Million Loss In Second Quarter Of 2016 80
Jul 28, 2016: WCC LNG Project Receives NEB Approval For 15-Year Export Licence Extension 84
Jun 03, 2016: Imperial's Kearl Operations Return To Normal, Monitoring Remains In Place 85
May 19, 2016: Imperial Provides Kearl Operations Update 85
May 09, 2016: Imperial Provides Kearl Operations Update 85
May 05, 2016: Imperial Provides Kearl Operational Update 86
Appendix 87
Methodology 87
Coverage 87
Secondary Research 87
Primary Research 87
Data Information Sources 88
Company Source 88
SEC/Other Regulatory Filings 88
Other Sources 88
Expert Panel Validation 88
Data Definition 88
Oil and Gas Reserves 88
Units of Measure 89
About GlobalData 89
Disclosure 89
Disclaimer 89
List of Figures
Figure 1: Imperial Oil Limited, Share Price Performance, CAD/Share, Q2, 2015-Q2, 2016 9
Figure 2: Imperial Oil Limited, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q2, 2015-Q2, 2016 10
Figure 3: Imperial Oil Limited, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q2, 2015-Q2, 2016 11
Figure 4: Imperial Oil Limited, Upstream Capital Expenditure, US$ mil, Q2, 2015-Q2, 2016 13
Figure 5: Imperial Oil Limited, Total Crude Oil and Natural Gas, Production, mmboe, Q2, 2015-Q2, 2016 14
Figure 6: Imperial Oil Limited, Total Oil & Gas Production, By Country/Region, mmboe, Q2, 2015-Q2, 2016 15
Figure 7: Imperial Oil Limited, Total Crude Oil Production, mmbbl, Q2, 2015-Q2, 2016 16
Figure 8: Imperial Oil Limited, Crude Oil Production, By Country/Region, mmbbl, Q2, 2015-Q2, 2016 17
Figure 9: Imperial Oil Limited, Total Natural Gas Production, bcf, Q2, 2015-Q2, 2016 18
Figure 10: Imperial Oil Limited, Natural Gas Production, By Country/Region, bcf, Q2, 2015-Q2, 2016 19
Figure 11: Imperial Oil Limited, Share Price Performance, CAD/Share, 2011-2015 20
Figure 12: Imperial Oil Limited, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2011-2015 21
Figure 13: Imperial Oil Limited, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 22
Figure 14: Imperial Oil Limited, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2011-2015 24
Figure 15: Imperial Oil Limited, Total Oil & Gas Production, By Country/Region, mmboe, 2011-2015 24
Figure 16: Imperial Oil Limited, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2015 26
Figure 17: Imperial Oil Limited, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 27
Figure 18: Imperial Oil Limited, Oil Reserves, End of Period, By Country/Region, mmbbl, 2011-2015 28
Figure 19: Imperial Oil Limited, Oil Production, By Country/Region, mmbbl, 2011-2015 28
Figure 20: Imperial Oil Limited, Crude Oil Reserve Changes, mmbbl, 2015 30
Figure 21: Imperial Oil Limited, Natural Gas Production and Reserves Metrics, bcf, 2011-2015 31
Figure 22: Imperial Oil Limited, Gas Reserves, End of Period, By Country/Region, bcf, 2011-2015 32
Figure 23: Imperial Oil Limited, Gas Production, By Country/Region, bcf, 2011-2015 32
Figure 24: Imperial Oil Limited, Natural Gas Reserve Changes, bcf, 2015 34
Figure 25: Imperial Oil Limited, Oil and Gas Reserves Life Index, Years, 2011-2015 35
Figure 26: Imperial Oil Limited, Gas Reserve Life Index, By Country/Region, Years, 2011-2015 36
Figure 27: Imperial Oil Limited, Oil & Gas Reserve Life Index, By Country/Region, Years, 2011-2015 36
Figure 28: Imperial Oil Limited, Oil Reserve Life Index, By Country/Region, Years, 2011-2015 37
Figure 29: Imperial Oil Limited, Upstream Capital Expenditure, US$ mil, 2011-2015 38
Figure 30: Imperial Oil Limited, Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 39
Figure 31: Imperial Oil Limited, Development Costs, By Country/Region, US$ mil, 2011-2015 40
Figure 32: Imperial Oil Limited, Exploration Costs, By Country/Region, US$ mil, 2011-2015 40
Figure 33: Imperial Oil Limited, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 42
Figure 34: Imperial Oil Limited, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 44
Figure 35: Imperial Oil Limited, Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 44
Figure 36: Imperial Oil Limited, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 45
Figure 37: Imperial Oil Limited, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2011-2015 46
Figure 38: Imperial Oil Limited, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2011-2015 48
Figure 39: Imperial Oil Limited, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2011-2015 48
Figure 40: Imperial Oil Limited, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2011-2015 49
Figure 41: Imperial Oil Limited, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2011-2015 49
Figure 42: Imperial Oil Limited, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2011-2015 50
Figure 43: Imperial Oil Limited, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2011-2015 50
Figure 44: Imperial Oil Limited, Revenue and Expenses, US$ mil, 2011-2015 52
Figure 45: Imperial Oil Limited, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 53
Figure 46: Imperial Oil Limited, Exploration Expenses, By Country/Region, US$ mil, 2011-2015 53
Figure 47: Imperial Oil Limited, Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 54
Figure 48: Imperial Oil Limited, Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 54
Figure 49: Imperial Oil Limited, Oil & Gas Revenue, By Country/Region, US$ mil, 2011-2015 55
Figure 50: Imperial Oil Limited, Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 55
Figure 51: Imperial Oil Limited, Production Costs, By Country/Region, US$ mil, 2011-2015 56
Figure 52: Imperial Oil Limited, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 56
Figure 53: Imperial Oil Limited, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 58
Figure 54: Imperial Oil Limited, Exploration Expenses per boe, By Country/Region, US$/boe, 2011-2015 59
Figure 55: Imperial Oil Limited, Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2011-2015 59
Figure 56: Imperial Oil Limited, Lifting Cost per boe, By Country/Region, US$/boe, 2011-2015 60
Figure 57: Imperial Oil Limited, Annual Net Income per boe, By Country/Region, US$/boe, 2011-2015 60
Figure 58: Imperial Oil Limited, Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2011-2015 61
Figure 59: Imperial Oil Limited, Total DD&A per boe, By Country/Region, US$/boe, 2011-2015 61
Figure 60: Imperial Oil Limited, Total Revenue per boe, By Country/Region, US$/boe, 2011-2015 62
Figure 61: Imperial Oil Limited, Oil and Gas Performance Metrics, 2011-2015 63
Figure 62: Imperial Oil Limited, Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 64
Figure 63: Imperial Oil Limited, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2011-2015 65
Figure 64: Imperial Oil Limited, Total Net Undeveloped Acreage, By Country/Region, Acres, 2011-2015 65
Figure 65: Imperial Oil Limited, Total Gross Developed Acreage, By Country/Region, Acres, 2011-2015 66
Figure 66: Imperial Oil Limited, Total Net Developed Acreage, By Country/Region, Acres, 2011-2015 66
Figure 67: Imperial Oil Limited, Producible Oil and Gas Wells, 2011-2015 68
Figure 68: Imperial Oil Limited, Gross Productive Gas Wells, By Country/Region, Number, 2011-2015 69
Figure 69: Imperial Oil Limited, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 69
Figure 70: Imperial Oil Limited, Gross Productive Oil Wells, By Country/Region, Number, 2011-2015 70
Figure 71: Imperial Oil Limited, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2011-2015 70
Figure 72: Imperial Oil Limited, Net Productive Gas Wells, By Country/Region, Number, 2011-2015 71
Figure 73: Imperial Oil Limited, Net Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 71
Figure 74: Imperial Oil Limited, Net Productive Oil Wells, By Country/Region, Number, 2011-2015 72
Figure 75: Imperial Oil Limited, Exploratory and Developed Wells, 2011-2015 73
List of Tables
Table 1: Imperial Oil Limited, Key Facts 8
Table 2: Imperial Oil Limited, Share Price Performance, Q2, 2015-Q2, 2016 9
Table 3: Imperial Oil Limited, Key Valuation Metrics, Q2, 2015-Q2, 2016 10
Table 4: Imperial Oil Limited, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q2, 2015-Q2, 2016 11
Table 5: Imperial Oil Limited, Results of Oil & Gas Operations Per boe Growth Rates, %, Q2, 2015-Q2, 2016 12
Table 6: Imperial Oil Limited, Upstream Capital Expenditure, Q2, 2015-Q2, 2016 13
Table 7: Imperial Oil Limited, Total Crude Oil and Natural Gas, Production, Q2, 2015-Q2, 2016 14
Table 8: Imperial Oil Limited, Total Oil & Gas Production, By Country/Region, mmboe, Q2, 2015-Q2, 2016 15
Table 9: Imperial Oil Limited, Total Crude Oil Production, mmbbl, Q2, 2015-Q2, 2016 16
Table 10: Imperial Oil Limited, Crude Oil Production, By Country/Region, mmbbl, Q2, 2015-Q2, 2016 17
Table 11: Imperial Oil Limited, Total Natural Gas Production, bcf, Q2, 2015-Q2, 2016 18
Table 12: Imperial Oil Limited, Natural Gas Production, By Country/Region, bcf, Q2, 2015-Q2, 2016 19
Table 13: Imperial Oil Limited, Share Price Performance, 2011-2015 20
Table 14: Imperial Oil Limited, Key Valuation Metrics, 2011-2015 21
Table 15: Imperial Oil Limited, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 23
Table 16: Imperial Oil Limited, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2011-2015 25
Table 17: Imperial Oil Limited, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2011-2015 26
Table 18: Imperial Oil Limited, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 27
Table 19: Imperial Oil Limited, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2011-2015 29
Table 20: Imperial Oil Limited, Crude Oil Reserve Changes, mmbbl, 2011-2015 30
Table 21: Imperial Oil Limited, Natural Gas Production and Reserves Metrics, bcf, 2011-2015 31
Table 22: Imperial Oil Limited, Natural Gas Production and Reserves, By Country/Region, bcf, 2011-2015 33
Table 23: Imperial Oil Limited, Natural Gas Reserve Changes, bcf, 2011-2015 34
Table 24: Imperial Oil Limited, Oil and Gas Reserves Life Index, Years, 2011-2015 35
Table 25: Imperial Oil Limited, Oil and Gas Reserves Life Index, By Country/Region, Years, 2011-2015 37
Table 26: Imperial Oil Limited, Upstream Capital Expenditure, US$ mil, 2011-2015 38
Table 27: Imperial Oil Limited, Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 39
Table 28: Imperial Oil Limited, Exploration and Development Costs, By Country/Region, US$ mil, 2011-2015 41
Table 29: Imperial Oil Limited, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 43
Table 30: Imperial Oil Limited, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2011-2015 45
Table 31: Imperial Oil Limited, Oil and Gas Production Replacement Ratio, %, 2011-2015 47
Table 32: Imperial Oil Limited, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2011-2015 51
Table 33: Imperial Oil Limited, Revenue and Expenses, US$ mil, 2011-2015 52
Table 34: Imperial Oil Limited, Revenue and Expenses, By Country/Region, US$ mil, 2011-2015 57
Table 35: Imperial Oil Limited, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 58
Table 36: Imperial Oil Limited, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2011-2015 62
Table 37: Imperial Oil Limited, Oil and Gas Performance Metrics, 2011-2015 63
Table 38: Imperial Oil Limited, Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 64
Table 39: Imperial Oil Limited, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2011-2015 67
Table 40: Imperial Oil Limited, Producible Oil and Gas Wells, 2011-2015 68
Table 41: Imperial Oil Limited, Producible Oil and Gas Wells, By Country/Region, 2011-2015 72
Table 42: Imperial Oil Limited, Exploratory and Developed Wells, 2011-2015 73
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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
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