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PetroChina Co Ltd Oil & Gas Exploration and Production Operations and Cost Analysis - Q4, 2017

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Details

Summary

PetroChina Co 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.

PetroChina Co Ltd (PetroChina) operates a subsidiary of China National Petroleum Corporation. It is an oil and gas company that explores for and develops and produces crude oil and natural gas; refines crude oil and petroleum products; and produces and sells basic and derivative chemical products and others. PetroChina is also into production and marketing of primary petrochemical products. It also markets and trades refined products; and transmit natural gas, crude oil and refined products, and sells natural gas. It has exploration basins in Erdos, Tarim, Sichuan, Daqing, Changqing, Liaohe, Xinjiang and Bohai Bay. The company has operational presence in China, Kazakhstan, Venezuela and Indonesia. PetroChina is headquartered in Beijing, China.

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.

READ MORE

Table Of Content

Scope

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 Co Ltd, Valuation and Financial Data 8

PetroChina Co Ltd, Share Price Performance 8

Share Price Performance, Q4, 2016-Q4, 2017 8

PetroChina Co Ltd, Key Valuation Metrics 9

Key Valuation Metrics, Q4, 2016-Q4, 2017 9

PetroChina Co Ltd, Quarterly Production Trends 10

PetroChina Co Ltd, Total Oil and Gas Production 10

Total Crude Oil and Natural Gas Production Trend, Q4, 2016-Q4, 2017 10

Total Crude Oil & Natural Gas Production, By Country/Region, Q4, 2016-Q4, 2017 12

PetroChina Co Ltd, Crude Oil Production 13

Total Crude Oil Production Trend, Q4, 2016-Q4, 2017 13

Crude Oil Production, By Country/Region, Q4, 2016-Q4, 2017 14

PetroChina Co Ltd, Natural Gas Production 15

Total Natural Gas Production Trend, Q4, 2016-Q4, 2017 15

Natural Gas Production, By Country/Region, Q4, 2016-Q4, 2017 16

PetroChina Co Ltd, Valuation and Financial Data, 2013-2017 17

PetroChina Co Ltd, Share Price Performance, 2013-2017 17

Share Price Performance, 2013-2017 17

Key Valuation Metrics, 2013-2017 19

PetroChina Co Ltd, 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 24

Crude Oil/Liquids Production and Reserve 25

Crude Oil/Liquids Production and Reserve Trend, 2013-2017 25

Crude Oil Production and Reserves By Country/Region, 2013-2017 27

Natural Gas Production and Reserve 30

Natural Gas Production and Reserve Trend, 2013-2017 30

Natural Gas Production and Reserves, By Country/Region, 2013-2017 32

Natural Gas Reserve Changes, 2013-2017 34

Total Crude Oil and Natural Gas Reserves Life Index 35

Total Crude Oil and Natural Gas Reserves Life Index, 2013-2017 35

Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2013-2017 36

PetroChina Co Ltd, E&P Costs Trends 39

Allocation of the Upstream Capital Expenditure 39

Upstream Capital Expenditure, 2013-2017 39

Acquisition Costs By Country/Region, 2013-2017 40

Exploration and Development Costs, By Country/Region, 2013-2017 41

Oil and Gas Cost Per boe, USD /boe 43

Oil and Gas Cost Per boe, USD /boe, 2013-2017 43

Oil and Gas Cost Per boe, USD /boe, By Country/Region, 2013-2017 45

PetroChina Co Ltd, Reserve Replacement Ratio 46

Oil and Gas Production Replacement Ratio 46

Oil and Gas Production Replacement Ratio, 2013-2017 46

Oil and Gas Production Replacement Ratio, By Country/Region, 2013-2017 49

PetroChina Co Ltd, Results of Oil & Gas Operations Trend 50

Oil and Gas Revenue and Expenses 50

Oil and Gas Revenue and Expenses, 2013-2017 50

Oil and Gas Revenue and Expenses, By Country/Region, 2013-2017 52

Oil and Gas Revenue and Expenses, Per boe 59

Oil and Gas Revenue and Expenses, By boe, 2013-2017 59

Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2013-2017 61

Oil and Gas Performance Metrics 67

PetroChina Co Ltd, Land Holdings and Well Data 68

Developed and Undeveloped Acreage 68

Gross and Net Developed and Undeveloped Acreage, 2013-2017 68

Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2013-2017 69

Well Statistics 70

Producible Oil and Gas Well, 2013-2017 70

Producible Oil and Gas Well, By Country/Region, 2013-2017 71

Exploration and Development Wells Drilled, 2013-2017 72

Exploration and Development Wells Drilled, By Country/Region, 2013-2017 74

Recent Developments 75

PetroChina Co Ltd-Recent Developments 75

Aug 30, 2018: PetroChina continues to increase its reserves and output of oil and gas 75

Aug 17, 2018: PNG LNG signs mid-term sales agreement with BP Singapore 76

Aug 17, 2018: PNG LNG signs mid-term sales agreement with BP Singapore 77

Jul 26, 2018: CNPC to invest USD 22bn in Xinjiang oil and gas operations 77

Jul 20, 2018: PNG LNG signs mid-term sales agreement with PetroChina 78

Jul 20, 2018: Ice-Breaking LNG carrier "Vladimir Rusanov" first call ceremony at PetroChina LNG jiangsu terminal 78

Jul 19, 2018: Recon announces completion of first stage of oily sludge project in yumen oilfield, with improvements in project design and remarkable budget reduction 79

Jul 11, 2018: Project of Oil-refining Mix Adjustment, Transformation & Upgrading Officially Launched at PetroChina Daqing Petrochemical Company 79

May 24, 2018: Greka Drilling Provides Operations Update 80

May 16, 2018: US Withdrawal From JCPOA: Total's Position Related To South Pars 11 Project In Iran 81

Appendix 82

Methodology 82

Coverage 82

Secondary Research 82

Primary Research 83

Data Information Sources 83

Company Source 83

SEC/Other Regulatory Filings 83

Other Sources 83

Expert Panel Validation 83

Data Definition 84

Oil and Gas Reserves 84

Units of Measure 84

About GlobalData 85

Disclosure 85

Disclaimer 85


List Of Figure

List of Figures

Figure 1: PetroChina Co Ltd, Share Price Performance, CNY/Share, Q4, 2016-Q4, 2017 8

Figure 2: PetroChina Co Ltd, Key Valuation Metrics, EV/Production (USD /boed), EV/Proved Reserve (USD /boe), Q4, 2016-Q4, 2017 9

Figure 3: PetroChina Co Ltd, Total Crude Oil and Natural Gas, Production, mmboe, Q4, 2016-Q4, 2017 10

Figure 4: PetroChina Co Ltd, Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2016-Q4, 2017 12

Figure 5: PetroChina Co Ltd, Total Crude Oil Production, mmbbl, Q4, 2016-Q4, 2017 13

Figure 6: PetroChina Co Ltd, Crude Oil Production, By Country/Region, mmbbl, Q4, 2016-Q4, 2017 14

Figure 7: PetroChina Co Ltd, Total Natural Gas Production, bcf, Q4, 2016-Q4, 2017 15

Figure 8: PetroChina Co Ltd, Natural Gas Production, By Country/Region, bcf, Q4, 2016-Q4, 2017 16

Figure 9: PetroChina Co Ltd, Share Price Performance, CNY/Share, 2013-2017 17

Figure 10: PetroChina Co Ltd, Key Valuation Metrics, EV/Production (USD /boed), EV/Proved Reserve (USD /boe), 2013-2017 19

Figure 11: PetroChina Co Ltd, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2013-2017 20

Figure 12: PetroChina Co Ltd, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2013-2017 22

Figure 13: PetroChina Co Ltd, Total Oil & Gas Production, By Country/Region, mmboe, 2013-2017 22

Figure 15: PetroChina Co Ltd, Crude Oil Production and Reserves Metrics, mmbbl, 2013-2017 25

Figure 16: PetroChina Co Ltd, Oil Reserves, End of Period, By Country/Region, mmbbl, 2013-2017 27

Figure 17: PetroChina Co Ltd, Oil Production, By Country/Region, mmbbl, 2013-2017 27

Figure 19: PetroChina Co Ltd, Natural Gas Production and Reserves Metrics, bcf, 2013-2017 30

Figure 20: PetroChina Co Ltd, Gas Reserves, End of Period, By Country/Region, bcf, 2013-2017 32

Figure 21: PetroChina Co Ltd, Gas Production, By Country/Region, bcf, 2013-2017 32

Figure 23: PetroChina Co Ltd, Oil and Gas Reserves Life Index, Years, 2013-2017 35

Figure 24: PetroChina Co Ltd, Gas Reserve Life Index, By Country/Region, Years, 2013-2017 36

Figure 25: PetroChina Co Ltd, Oil & Gas Reserve Life Index, By Country/Region, Years, 2013-2017 36

Figure 26: PetroChina Co Ltd, Oil Reserve Life Index, By Country/Region, Years, 2013-2017 37

Figure 27: PetroChina Co Ltd, Upstream Capital Expenditure, USD mil, 2013-2017 39

Figure 28: PetroChina Co Ltd, Development Costs, By Country/Region, USD mil, 2013-2017 41

Figure 29: PetroChina Co Ltd, Exploration Costs, By Country/Region, USD mil, 2013-2017 41

Figure 30: PetroChina Co Ltd, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, USD /boe, 2013-2017 43

Figure 31: PetroChina Co Ltd, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2013-2017 46

Figure 32: PetroChina Co Ltd, Revenue and Expenses, USD mil, 2013-2017 50

Figure 33: PetroChina Co Ltd, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, USD mil, 2013-2017 52

Figure 34: PetroChina Co Ltd, Exploration Expenses, By Country/Region, USD mil, 2013-2017 52

Figure 35: PetroChina Co Ltd, Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, USD mil, 2013-2017 53

Figure 36: PetroChina Co Ltd, Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, USD mil, 2013-2017 54

Figure 37: PetroChina Co Ltd, Oil & Gas Revenue, By Country/Region, USD mil, 2013-2017 54

Figure 38: PetroChina Co Ltd, Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, USD mil, 2013-2017 55

Figure 39: PetroChina Co Ltd, Production Costs, By Country/Region, USD mil, 2013-2017 56

Figure 40: PetroChina Co Ltd, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, USD mil, 2013-2017 56

Figure 41: PetroChina Co Ltd, Oil and Gas Revenue and Expenses, USD /boe, 2013-2017 59

Figure 42: PetroChina Co Ltd, Exploration Expenses per boe, By Country/Region, USD /boe, 2013-2017 61

Figure 43: PetroChina Co Ltd, Income Tax/(Benefit) per boe, By Country/Region, USD /boe, 2013-2017 61

Figure 44: PetroChina Co Ltd, Lifting Cost per boe, By Country/Region, USD /boe, 2013-2017 62

Figure 45: PetroChina Co Ltd, Annual Net Income per boe, By Country/Region, USD /boe, 2013-2017 63

Figure 46: PetroChina Co Ltd, Oil & Gas Revenue per boe, By Country/Region, USD /boe, 2013-2017 63

Figure 47: PetroChina Co Ltd, Total DD&A per boe, By Country/Region, USD /boe, 2013-2017 64

Figure 48: PetroChina Co Ltd, Total Revenue per boe, By Country/Region, USD /boe, 2013-2017 65

Figure 49: PetroChina Co Ltd, Oil and Gas Performance Metrics, 2013-2017 67

Figure 50: PetroChina Co Ltd, Land Holdings (Developed and Undeveloped Acreage), Acres, 2013-2017 68

Figure 51: PetroChina Co Ltd, Producible Oil and Gas Wells, 2013-2017 70

Figure 52: PetroChina Co Ltd, Exploratory and Developed Wells, 2013-2017 72


List Of Table

List of Tables

Table 1: PetroChina Co Ltd, Key Facts 7

Table 2: PetroChina Co Ltd, Share Price Performance, Q4, 2016-Q4, 2017 8

Table 3: PetroChina Co Ltd, Key Valuation Metrics, Q4, 2016-Q4, 2017 9

Table 4: PetroChina Co Ltd, Total Crude Oil and Natural Gas, Production, Q4, 2016-Q4, 2017 11

Table 5: PetroChina Co Ltd, Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2016-Q4, 2017 12

Table 6: PetroChina Co Ltd, Total Crude Oil Production, mmbbl, Q4, 2016-Q4, 2017 13

Table 7: PetroChina Co Ltd, Crude Oil Production, By Country/Region, mmbbl, Q4, 2016-Q4, 2017 14

Table 8: PetroChina Co Ltd, Total Natural Gas Production, bcf, Q4, 2016-Q4, 2017 15

Table 9: PetroChina Co Ltd, Natural Gas Production, By Country/Region, bcf, Q4, 2016-Q4, 2017 16

Table 10: PetroChina Co Ltd, Share Price Performance, 2013-2017 18

Table 11: PetroChina Co Ltd, Key Valuation Metrics, 2013-2017 19

Table 12: PetroChina Co Ltd, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2013-2017 20

Table 13: PetroChina Co Ltd, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2013-2017 23

Table 14: PetroChina Co Ltd, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2013-2017 24

Table 15: PetroChina Co Ltd, Crude Oil Production and Reserves Metrics, mmbbl, 2013-2017 26

Table 16: PetroChina Co Ltd, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2013-2017 28

Table 17: PetroChina Co Ltd, Crude Oil Reserve Changes, mmbbl, 2013-2017 29

Table 18: PetroChina Co Ltd, Natural Gas Production and Reserves Metrics, bcf, 2013-2017 31

Table 19: PetroChina Co Ltd, Natural Gas Production and Reserves, By Country/Region, bcf, 2013-2017 33

Table 20: PetroChina Co Ltd, Natural Gas Reserve Changes, bcf, 2013-2017 34

Table 21: PetroChina Co Ltd, Oil and Gas Reserves Life Index, Years, 2013-2017 35

Table 22: PetroChina Co Ltd, Oil and Gas Reserves Life Index, By Country/Region, Years, 2013-2017 38

Table 23: PetroChina Co Ltd, Upstream Capital Expenditure, USD mil, 2013-2017 39

Table 24: PetroChina Co Ltd, Proved and Unproved Acquisition Costs, By Country/Region, USD mil, 2013-2017 40

Table 25: PetroChina Co Ltd, Exploration and Development Costs, By Country/Region, USD mil, 2013-2017 42

Table 26: PetroChina Co Ltd, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, USD /boe, 2013-2017 43

Table 27: PetroChina Co Ltd, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, USD /boe, By Country/Region, 2013-2017 45

Table 28: PetroChina Co Ltd, Oil and Gas Production Replacement Ratio, %, 2013-2017 47

Table 29: PetroChina Co Ltd, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2013-2017 49

Table 30: PetroChina Co Ltd, Revenue and Expenses, USD mil, 2013-2017 50

Table 31: PetroChina Co Ltd, Revenue and Expenses, By Country/Region, USD mil, 2013-2017 57

Table 32: PetroChina Co Ltd, Oil and Gas Revenue and Expenses, USD /boe, 2013-2017 60

Table 33: PetroChina Co Ltd, Oil and Gas Revenue and Expenses, USD /boe, By Country/Region, 2013-2017 65

Table 34: PetroChina Co Ltd, Oil and Gas Performance Metrics, 2013-2017 67

Table 35: PetroChina Co Ltd, Land Holdings (Developed and Undeveloped Acreage), Acres, 2013-2017 68

Table 36: PetroChina Co Ltd, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2013-2017 69

Table 37: PetroChina Co Ltd, Producible Oil and Gas Wells, 2013-2017 70

Table 38: PetroChina Co Ltd, Producible Oil and Gas Wells, By Country/Region, 2013-2017 71

Table 39: PetroChina Co Ltd, Exploratory and Developed Wells, 2013-2017 72

Table 40: PetroChina Co Ltd, Exploratory and Developed Wells, By Country/Region, 2013-2017 74

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Products and Companies

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

Company Profile

Company Profile Title

Summary

PetroChina Co 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.

PetroChina Co Ltd (PetroChina) operates a subsidiary of China National Petroleum Corporation. It is an oil and gas company that explores for and develops and produces crude oil and natural gas; refines crude oil and petroleum products; and produces and sells basic and derivative chemical products and others. PetroChina is also into production and marketing of primary petrochemical products. It also markets and trades refined products; and transmit natural gas, crude oil and refined products, and sells natural gas. It has exploration basins in Erdos, Tarim, Sichuan, Daqing, Changqing, Liaohe, Xinjiang and Bohai Bay. The company has operational presence in China, Kazakhstan, Venezuela and Indonesia. PetroChina is headquartered in Beijing, China.

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.

READ MORE

Scope

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 Co Ltd, Valuation and Financial Data 8

PetroChina Co Ltd, Share Price Performance 8

Share Price Performance, Q4, 2016-Q4, 2017 8

PetroChina Co Ltd, Key Valuation Metrics 9

Key Valuation Metrics, Q4, 2016-Q4, 2017 9

PetroChina Co Ltd, Quarterly Production Trends 10

PetroChina Co Ltd, Total Oil and Gas Production 10

Total Crude Oil and Natural Gas Production Trend, Q4, 2016-Q4, 2017 10

Total Crude Oil & Natural Gas Production, By Country/Region, Q4, 2016-Q4, 2017 12

PetroChina Co Ltd, Crude Oil Production 13

Total Crude Oil Production Trend, Q4, 2016-Q4, 2017 13

Crude Oil Production, By Country/Region, Q4, 2016-Q4, 2017 14

PetroChina Co Ltd, Natural Gas Production 15

Total Natural Gas Production Trend, Q4, 2016-Q4, 2017 15

Natural Gas Production, By Country/Region, Q4, 2016-Q4, 2017 16

PetroChina Co Ltd, Valuation and Financial Data, 2013-2017 17

PetroChina Co Ltd, Share Price Performance, 2013-2017 17

Share Price Performance, 2013-2017 17

Key Valuation Metrics, 2013-2017 19

PetroChina Co Ltd, 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 24

Crude Oil/Liquids Production and Reserve 25

Crude Oil/Liquids Production and Reserve Trend, 2013-2017 25

Crude Oil Production and Reserves By Country/Region, 2013-2017 27

Natural Gas Production and Reserve 30

Natural Gas Production and Reserve Trend, 2013-2017 30

Natural Gas Production and Reserves, By Country/Region, 2013-2017 32

Natural Gas Reserve Changes, 2013-2017 34

Total Crude Oil and Natural Gas Reserves Life Index 35

Total Crude Oil and Natural Gas Reserves Life Index, 2013-2017 35

Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2013-2017 36

PetroChina Co Ltd, E&P Costs Trends 39

Allocation of the Upstream Capital Expenditure 39

Upstream Capital Expenditure, 2013-2017 39

Acquisition Costs By Country/Region, 2013-2017 40

Exploration and Development Costs, By Country/Region, 2013-2017 41

Oil and Gas Cost Per boe, USD /boe 43

Oil and Gas Cost Per boe, USD /boe, 2013-2017 43

Oil and Gas Cost Per boe, USD /boe, By Country/Region, 2013-2017 45

PetroChina Co Ltd, Reserve Replacement Ratio 46

Oil and Gas Production Replacement Ratio 46

Oil and Gas Production Replacement Ratio, 2013-2017 46

Oil and Gas Production Replacement Ratio, By Country/Region, 2013-2017 49

PetroChina Co Ltd, Results of Oil & Gas Operations Trend 50

Oil and Gas Revenue and Expenses 50

Oil and Gas Revenue and Expenses, 2013-2017 50

Oil and Gas Revenue and Expenses, By Country/Region, 2013-2017 52

Oil and Gas Revenue and Expenses, Per boe 59

Oil and Gas Revenue and Expenses, By boe, 2013-2017 59

Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2013-2017 61

Oil and Gas Performance Metrics 67

PetroChina Co Ltd, Land Holdings and Well Data 68

Developed and Undeveloped Acreage 68

Gross and Net Developed and Undeveloped Acreage, 2013-2017 68

Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2013-2017 69

Well Statistics 70

Producible Oil and Gas Well, 2013-2017 70

Producible Oil and Gas Well, By Country/Region, 2013-2017 71

Exploration and Development Wells Drilled, 2013-2017 72

Exploration and Development Wells Drilled, By Country/Region, 2013-2017 74

Recent Developments 75

PetroChina Co Ltd-Recent Developments 75

Aug 30, 2018: PetroChina continues to increase its reserves and output of oil and gas 75

Aug 17, 2018: PNG LNG signs mid-term sales agreement with BP Singapore 76

Aug 17, 2018: PNG LNG signs mid-term sales agreement with BP Singapore 77

Jul 26, 2018: CNPC to invest USD 22bn in Xinjiang oil and gas operations 77

Jul 20, 2018: PNG LNG signs mid-term sales agreement with PetroChina 78

Jul 20, 2018: Ice-Breaking LNG carrier "Vladimir Rusanov" first call ceremony at PetroChina LNG jiangsu terminal 78

Jul 19, 2018: Recon announces completion of first stage of oily sludge project in yumen oilfield, with improvements in project design and remarkable budget reduction 79

Jul 11, 2018: Project of Oil-refining Mix Adjustment, Transformation & Upgrading Officially Launched at PetroChina Daqing Petrochemical Company 79

May 24, 2018: Greka Drilling Provides Operations Update 80

May 16, 2018: US Withdrawal From JCPOA: Total's Position Related To South Pars 11 Project In Iran 81

Appendix 82

Methodology 82

Coverage 82

Secondary Research 82

Primary Research 83

Data Information Sources 83

Company Source 83

SEC/Other Regulatory Filings 83

Other Sources 83

Expert Panel Validation 83

Data Definition 84

Oil and Gas Reserves 84

Units of Measure 84

About GlobalData 85

Disclosure 85

Disclaimer 85


List Of Figure

List of Figures

Figure 1: PetroChina Co Ltd, Share Price Performance, CNY/Share, Q4, 2016-Q4, 2017 8

Figure 2: PetroChina Co Ltd, Key Valuation Metrics, EV/Production (USD /boed), EV/Proved Reserve (USD /boe), Q4, 2016-Q4, 2017 9

Figure 3: PetroChina Co Ltd, Total Crude Oil and Natural Gas, Production, mmboe, Q4, 2016-Q4, 2017 10

Figure 4: PetroChina Co Ltd, Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2016-Q4, 2017 12

Figure 5: PetroChina Co Ltd, Total Crude Oil Production, mmbbl, Q4, 2016-Q4, 2017 13

Figure 6: PetroChina Co Ltd, Crude Oil Production, By Country/Region, mmbbl, Q4, 2016-Q4, 2017 14

Figure 7: PetroChina Co Ltd, Total Natural Gas Production, bcf, Q4, 2016-Q4, 2017 15

Figure 8: PetroChina Co Ltd, Natural Gas Production, By Country/Region, bcf, Q4, 2016-Q4, 2017 16

Figure 9: PetroChina Co Ltd, Share Price Performance, CNY/Share, 2013-2017 17

Figure 10: PetroChina Co Ltd, Key Valuation Metrics, EV/Production (USD /boed), EV/Proved Reserve (USD /boe), 2013-2017 19

Figure 11: PetroChina Co Ltd, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2013-2017 20

Figure 12: PetroChina Co Ltd, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2013-2017 22

Figure 13: PetroChina Co Ltd, Total Oil & Gas Production, By Country/Region, mmboe, 2013-2017 22

Figure 15: PetroChina Co Ltd, Crude Oil Production and Reserves Metrics, mmbbl, 2013-2017 25

Figure 16: PetroChina Co Ltd, Oil Reserves, End of Period, By Country/Region, mmbbl, 2013-2017 27

Figure 17: PetroChina Co Ltd, Oil Production, By Country/Region, mmbbl, 2013-2017 27

Figure 19: PetroChina Co Ltd, Natural Gas Production and Reserves Metrics, bcf, 2013-2017 30

Figure 20: PetroChina Co Ltd, Gas Reserves, End of Period, By Country/Region, bcf, 2013-2017 32

Figure 21: PetroChina Co Ltd, Gas Production, By Country/Region, bcf, 2013-2017 32

Figure 23: PetroChina Co Ltd, Oil and Gas Reserves Life Index, Years, 2013-2017 35

Figure 24: PetroChina Co Ltd, Gas Reserve Life Index, By Country/Region, Years, 2013-2017 36

Figure 25: PetroChina Co Ltd, Oil & Gas Reserve Life Index, By Country/Region, Years, 2013-2017 36

Figure 26: PetroChina Co Ltd, Oil Reserve Life Index, By Country/Region, Years, 2013-2017 37

Figure 27: PetroChina Co Ltd, Upstream Capital Expenditure, USD mil, 2013-2017 39

Figure 28: PetroChina Co Ltd, Development Costs, By Country/Region, USD mil, 2013-2017 41

Figure 29: PetroChina Co Ltd, Exploration Costs, By Country/Region, USD mil, 2013-2017 41

Figure 30: PetroChina Co Ltd, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, USD /boe, 2013-2017 43

Figure 31: PetroChina Co Ltd, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2013-2017 46

Figure 32: PetroChina Co Ltd, Revenue and Expenses, USD mil, 2013-2017 50

Figure 33: PetroChina Co Ltd, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, USD mil, 2013-2017 52

Figure 34: PetroChina Co Ltd, Exploration Expenses, By Country/Region, USD mil, 2013-2017 52

Figure 35: PetroChina Co Ltd, Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, USD mil, 2013-2017 53

Figure 36: PetroChina Co Ltd, Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, USD mil, 2013-2017 54

Figure 37: PetroChina Co Ltd, Oil & Gas Revenue, By Country/Region, USD mil, 2013-2017 54

Figure 38: PetroChina Co Ltd, Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, USD mil, 2013-2017 55

Figure 39: PetroChina Co Ltd, Production Costs, By Country/Region, USD mil, 2013-2017 56

Figure 40: PetroChina Co Ltd, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, USD mil, 2013-2017 56

Figure 41: PetroChina Co Ltd, Oil and Gas Revenue and Expenses, USD /boe, 2013-2017 59

Figure 42: PetroChina Co Ltd, Exploration Expenses per boe, By Country/Region, USD /boe, 2013-2017 61

Figure 43: PetroChina Co Ltd, Income Tax/(Benefit) per boe, By Country/Region, USD /boe, 2013-2017 61

Figure 44: PetroChina Co Ltd, Lifting Cost per boe, By Country/Region, USD /boe, 2013-2017 62

Figure 45: PetroChina Co Ltd, Annual Net Income per boe, By Country/Region, USD /boe, 2013-2017 63

Figure 46: PetroChina Co Ltd, Oil & Gas Revenue per boe, By Country/Region, USD /boe, 2013-2017 63

Figure 47: PetroChina Co Ltd, Total DD&A per boe, By Country/Region, USD /boe, 2013-2017 64

Figure 48: PetroChina Co Ltd, Total Revenue per boe, By Country/Region, USD /boe, 2013-2017 65

Figure 49: PetroChina Co Ltd, Oil and Gas Performance Metrics, 2013-2017 67

Figure 50: PetroChina Co Ltd, Land Holdings (Developed and Undeveloped Acreage), Acres, 2013-2017 68

Figure 51: PetroChina Co Ltd, Producible Oil and Gas Wells, 2013-2017 70

Figure 52: PetroChina Co Ltd, Exploratory and Developed Wells, 2013-2017 72


List Of Table

List of Tables

Table 1: PetroChina Co Ltd, Key Facts 7

Table 2: PetroChina Co Ltd, Share Price Performance, Q4, 2016-Q4, 2017 8

Table 3: PetroChina Co Ltd, Key Valuation Metrics, Q4, 2016-Q4, 2017 9

Table 4: PetroChina Co Ltd, Total Crude Oil and Natural Gas, Production, Q4, 2016-Q4, 2017 11

Table 5: PetroChina Co Ltd, Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2016-Q4, 2017 12

Table 6: PetroChina Co Ltd, Total Crude Oil Production, mmbbl, Q4, 2016-Q4, 2017 13

Table 7: PetroChina Co Ltd, Crude Oil Production, By Country/Region, mmbbl, Q4, 2016-Q4, 2017 14

Table 8: PetroChina Co Ltd, Total Natural Gas Production, bcf, Q4, 2016-Q4, 2017 15

Table 9: PetroChina Co Ltd, Natural Gas Production, By Country/Region, bcf, Q4, 2016-Q4, 2017 16

Table 10: PetroChina Co Ltd, Share Price Performance, 2013-2017 18

Table 11: PetroChina Co Ltd, Key Valuation Metrics, 2013-2017 19

Table 12: PetroChina Co Ltd, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2013-2017 20

Table 13: PetroChina Co Ltd, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2013-2017 23

Table 14: PetroChina Co Ltd, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2013-2017 24

Table 15: PetroChina Co Ltd, Crude Oil Production and Reserves Metrics, mmbbl, 2013-2017 26

Table 16: PetroChina Co Ltd, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2013-2017 28

Table 17: PetroChina Co Ltd, Crude Oil Reserve Changes, mmbbl, 2013-2017 29

Table 18: PetroChina Co Ltd, Natural Gas Production and Reserves Metrics, bcf, 2013-2017 31

Table 19: PetroChina Co Ltd, Natural Gas Production and Reserves, By Country/Region, bcf, 2013-2017 33

Table 20: PetroChina Co Ltd, Natural Gas Reserve Changes, bcf, 2013-2017 34

Table 21: PetroChina Co Ltd, Oil and Gas Reserves Life Index, Years, 2013-2017 35

Table 22: PetroChina Co Ltd, Oil and Gas Reserves Life Index, By Country/Region, Years, 2013-2017 38

Table 23: PetroChina Co Ltd, Upstream Capital Expenditure, USD mil, 2013-2017 39

Table 24: PetroChina Co Ltd, Proved and Unproved Acquisition Costs, By Country/Region, USD mil, 2013-2017 40

Table 25: PetroChina Co Ltd, Exploration and Development Costs, By Country/Region, USD mil, 2013-2017 42

Table 26: PetroChina Co Ltd, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, USD /boe, 2013-2017 43

Table 27: PetroChina Co Ltd, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, USD /boe, By Country/Region, 2013-2017 45

Table 28: PetroChina Co Ltd, Oil and Gas Production Replacement Ratio, %, 2013-2017 47

Table 29: PetroChina Co Ltd, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2013-2017 49

Table 30: PetroChina Co Ltd, Revenue and Expenses, USD mil, 2013-2017 50

Table 31: PetroChina Co Ltd, Revenue and Expenses, By Country/Region, USD mil, 2013-2017 57

Table 32: PetroChina Co Ltd, Oil and Gas Revenue and Expenses, USD /boe, 2013-2017 60

Table 33: PetroChina Co Ltd, Oil and Gas Revenue and Expenses, USD /boe, By Country/Region, 2013-2017 65

Table 34: PetroChina Co Ltd, Oil and Gas Performance Metrics, 2013-2017 67

Table 35: PetroChina Co Ltd, Land Holdings (Developed and Undeveloped Acreage), Acres, 2013-2017 68

Table 36: PetroChina Co Ltd, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2013-2017 69

Table 37: PetroChina Co Ltd, Producible Oil and Gas Wells, 2013-2017 70

Table 38: PetroChina Co Ltd, Producible Oil and Gas Wells, By Country/Region, 2013-2017 71

Table 39: PetroChina Co Ltd, Exploratory and Developed Wells, 2013-2017 72

Table 40: PetroChina Co Ltd, Exploratory and Developed Wells, By Country/Region, 2013-2017 74

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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