Sterling Energy plc Oil & Gas Exploration and Production Operations and Cost Analysis - 2017
September 2018
62
About the Report
About the Report
Summary
Sterling Energy plc 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.
Sterling Energy Plc (Sterling) is an oil and gas company that offers oil and gas exploration and development services. The company acquires, produces, operates, manages, and develops crude oil and natural gas producing assets. It operates and manages oil and gas exploration projects such as Ampasindava, Ambilobe, Ntem, and Odewayne. Sterling's Ambilobe project is located in the Ambilobe deep water basin and Ntem project is located in the southern Douala and Rio Muni Basin producing oil and natural gas assets. The company's Odewayne project is situated adjacent to the border with Ethiopia and Ampasindava project is located in the Majunga deep water basin and offshore north-west Madagascar. It also operates its exploration projects in Madagascar, Cameroon, and Somaliland. Sterling is headquartered in London, the UK.
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
Sterling Energy plc, Valuation and Financial Data, 2013-2017 7
Sterling Energy plc, Share Price Performance, 2013-2017 7
Key Valuation Metrics, 2013-2017 8
Sterling Energy plc, Production and Reserves Trends 9
Total Oil and Gas, Reserves and Production 9
Total Crude Oil and Natural Gas Reserve Changes, 2013-2017 10
Crude Oil/Liquids Production and Reserve 11
Crude Oil/Liquids Production and Reserve Trend, 2013-2017 11
Crude Oil/Liquids Reserve Changes, 2013-2017 13
Total Crude Oil and Natural Gas Reserves Life Index 14
Sterling Energy plc, E&P Costs Trends 15
Allocation of the Upstream Capital Expenditure 15
Upstream Capital Expenditure, 2013-2017 15
Exploration and Development Costs, By Country/Region, 2013-2017 16
Oil and Gas Cost Per boe, USD /boe 17
Oil and Gas Cost Per boe, USD /boe, 2013-2017 17
Oil and Gas Cost Per boe, USD /boe, By Country/Region, 2013-2017 19
Sterling Energy plc, Reserve Replacement Ratio 21
Oil and Gas Production Replacement Ratio 21
Oil and Gas Production Replacement Ratio, 2013-2017 21
Oil and Gas Production Replacement Ratio, By Country/Region, 2013-2017 23
Sterling Energy plc, Results of Oil & Gas Operations Trend 27
Oil and Gas Revenue and Expenses 27
Oil and Gas Revenue and Expenses, 2013-2017 27
Oil and Gas Revenue and Expenses, Per boe 33
Oil and Gas Revenue and Expenses, By boe, 2013-2017 33
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2013-2017 34
Oil and Gas Performance Metrics 39
Recent Developments 40
Sterling Energy plc-Recent Developments 40
Jul 27, 2018: Sterling Energy announces results for six months ending 30 June 2018 40
May 08, 2018: Sterling Continues Midstream Expansion In DJ Basin 43
Apr 25, 2018: Sterling Energy Provides Interim Management Statement 44
Mar 22, 2018: Sterling Energy Announces Annual Results For Year Ended 31 December 2017 46
Dec 21, 2017: Sterling Energy Announces Resignation Of CEO 52
Nov 02, 2017: Sterling Energy Provides Update On Block C-10, Mauritania 53
Sep 04, 2017: Sterling Energy Provides Update On Odewayne Block 54
Jun 14, 2017: Sterling Energy Announces Capital Reduction 54
Apr 25, 2017: Sterling Energy Provides Interim Management Statement And Financial Results For First Quarter Ended 31 March 2017 55
Appendix 59
Methodology 59
Coverage 59
Secondary Research 59
Primary Research 60
Data Information Sources 60
Company Source 60
SEC/Other Regulatory Filings 60
Other Sources 60
Expert Panel Validation 60
Data Definition 61
Oil and Gas Reserves 61
Units of Measure 61
About GlobalData 62
Disclosure 62
Disclaimer 62
List of Figure
List of Figures
Figure 1: Sterling Energy plc, Key Valuation Metrics, EV/Production (USD /boed), EV/Proved Reserve (USD /boe), 2013-2017 8
Figure 2: Sterling Energy plc, Crude Oil Production and Reserves Metrics, mmbbl, 2013-2017 11
Figure 3: Sterling Energy plc, Upstream Capital Expenditure, USD mil, 2013-2017 15
Figure 4: Sterling Energy plc, Exploration Costs, By Country/Region, USD mil, 2013-2017 16
Figure 5: Sterling Energy plc, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, USD /boe, 2013-2017 17
Figure 6: Sterling Energy plc, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, USD /boe, 2013-2017 19
Figure 7: Sterling Energy plc, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, USD /boe, 2013-2017 19
Figure 8: Sterling Energy plc, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2013-2017 21
Figure 9: Sterling Energy plc, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2013-2017 23
Figure 10: Sterling Energy plc, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2013-2017 23
Figure 11: Sterling Energy plc, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2013-2017 24
Figure 12: Sterling Energy plc, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2013-2017 25
Figure 13: Sterling Energy plc, Revenue and Expenses, USD mil, 2013-2017 27
Figure 14: Sterling Energy plc, Exploration Expenses, By Country/Region, USD mil, 2013-2017 29
Figure 15: Sterling Energy plc, Oil & Gas Revenue, By Country/Region, USD mil, 2013-2017 30
Figure 16: Sterling Energy plc, Production Costs, By Country/Region, USD mil, 2013-2017 31
Figure 17: Sterling Energy plc, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, USD mil, 2013-2017 31
Figure 18: Sterling Energy plc, Oil and Gas Revenue and Expenses, USD /boe, 2013-2017 33
Figure 19: Sterling Energy plc, Exploration Expenses per boe, By Country/Region, USD /boe, 2013-2017 34
Figure 20: Sterling Energy plc, Lifting Cost per boe, By Country/Region, USD /boe, 2013-2017 34
Figure 21: Sterling Energy plc, Oil & Gas Revenue per boe, By Country/Region, USD /boe, 2013-2017 35
Figure 22: Sterling Energy plc, Total DD&A per boe, By Country/Region, USD /boe, 2013-2017 36
Figure 23: Sterling Energy plc, Total Revenue per boe, By Country/Region, USD /boe, 2013-2017 36
Figure 24: Sterling Energy plc, Oil and Gas Performance Metrics, 2013-2017 39
List of Table
List of Tables
Table 1: Sterling Energy plc, Key Facts 6
Table 2: Sterling Energy plc, Share Price Performance, 2013-2017 7
Table 3: Sterling Energy plc, Key Valuation Metrics, 2013-2017 8
Table 4: Sterling Energy plc, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2013-2017 9
Table 5: Sterling Energy plc, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2013-2017 9
Table 6: Sterling Energy plc, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2013-2017 10
Table 7: Sterling Energy plc, Crude Oil Production and Reserves Metrics, mmbbl, 2013-2017 11
Table 8: Sterling Energy plc, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2013-2017 12
Table 9: Sterling Energy plc, Crude Oil Reserve Changes, mmbbl, 2013-2017 13
Table 10: Sterling Energy plc, Oil and Gas Reserves Life Index, Years, 2013-2017 14
Table 11: Sterling Energy plc, Oil and Gas Reserves Life Index, By Country/Region, Years, 2013-2017 14
Table 12: Sterling Energy plc, Upstream Capital Expenditure, USD mil, 2013-2017 15
Table 13: Sterling Energy plc, Exploration and Development Costs, By Country/Region, USD mil, 2013-2017 16
Table 14: Sterling Energy plc, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, USD /boe, 2013-2017 18
Table 15: Sterling Energy plc, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, USD /boe, By Country/Region, 2013-2017 20
Table 16: Sterling Energy plc, Oil and Gas Production Replacement Ratio, %, 2013-2017 22
Table 17: Sterling Energy plc, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2013-2017 26
Table 18: Sterling Energy plc, Revenue and Expenses, USD mil, 2013-2017 28
Table 19: Sterling Energy plc, Revenue and Expenses, By Country/Region, USD mil, 2013-2017 32
Table 20: Sterling Energy plc, Oil and Gas Revenue and Expenses, USD /boe, 2013-2017 33
Table 21: Sterling Energy plc, Oil and Gas Revenue and Expenses, USD /boe, By Country/Region, 2013-2017 38
Table 22: Sterling Energy plc, Oil and Gas Performance Metrics, 2013-2017 39
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