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European Independent E and P Companies Financial and Operational Fundamental Analysis- 2010

 

Proved and probable oil and gas reserves of the European independent Exploration and Production (E&P) companies decreased in 2009, down from 2.29 billion barrels of oil equivalent (boe) in 2008 to 2.26 billion boe in 2009. The proved and probable oil reserves of the European independent Exploration and Production (E&P) companies declined by 5.0%, from 1,332 Million Barrels (MMbbl) in 2008 to 1,398 MMbbl in 2009. Total proved and probable gas reserves of the European independent Exploration and Production (E&P) companies decreased to 2.8 Tcf in 2009, down by 12.2% from the previous year. Tullow Oil plc had the highest proved and probable oil and gas reserves of 300.3 MMboe among the European independent Exploration and Production (E&P) companies. The company's proved and probable reserves increased at a CAGR of 11.8% from 192.1 MMboe in 2005 to 300.37 MMboe in 2009.

Total oil & gas production of the European Independent Exploration and Production (E&P) Companies was 100.2 MMboe in 2009, up by 5.4% from 2008. Oil production of the European Independent Exploration and Production (E&P) Companies was 63.3 MMbbl in 2009, up by 16.6% from 2008. However, gas production of the European Independent Exploration and Production (E&P) Companies went down by 10.4% from 204.2 Bcf in 2008 to 182.9 Bcf in 2009. Northern Petroleum Plc witnessed the highest oil and gas production growth rate among the European Independent Exploration and production (E&P) Companies. The company's oil and gas production grew significantly at a CAGR of 88.0% during 2005-09.

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http://www.globaldata.com/reportstore/Report.aspx?ID=European-Independent-Exploration-and-Production-(EP)-Companies-–-Financial--Operational-Fundamental-Analysis-and-Benchmarking--2010&ReportType=Industry_Report&coreindustry=ALL&Title=Oil_~_Gas

The total cost incurred by European Independent Exploration and Production (E&P) Companies was $4.8 billion in 2009, down by 7.4% from the previous year. Tullow Oil plc by spending $1,182.2 million in total costs incurred activities in 2009, ranks first among the European Independent Exploration and Production (E&P) Companies.

Average oil & gas revenue per boe of the European Independent Exploration and Production (E&P) Companies decreased from $56.1 per boe in 2008 to $41.9 per boe in 2009, a decrease of 25.3% from previous year. SOCO International plc, with net income per boe of $42.2 in 2009, ranks first among the European Independent Exploration and Production (E&P) Companies.

GlobalData's report "European Independent Exploration and Production (E&P) Companies – Financial & Operational Fundamental Analysis and Benchmarking – 2010" provides analysis on the financial and Operational parameters of the European Independent Exploration and Production (E&P) Companies. The report analyses the performance of companies based on indicators such as reserves & production, capital expenditure, costs, acreage, performance metrics, results of oil & gas operations and valuation metrics. It helps in spotting strengths and weaknesses of the European independent Exploration and Production (E&P) companies. European Independent Exploration and Production (E&P) Companies – Financial & Operational Fundamental Analysis and Benchmarking - 2010 report is based on publicly available data.

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GlobalData is an industry analysis specialist, providing business information products and services. GlobalData's highly qualified team of analysts, researchers, and solution consultants use proprietary data sources, tools and techniques to gather, analyze and represent the latest and the most reliable information essential for a business to sustain a competitive edge.

GlobalData is a UK-based company with presence across North America, Europe and Asia Pacific and has a broad product offering that ranges from interactive databases, reports and custom solutions. It is a comprehensive source of insights and analysis with coverage including oil & gas, power, alternative energy, nuclear power, petrochemicals, medical equipment and healthcare industries.

Why would we attack Libya to protect European Oil Supplies? Just let them pay more as supply dwindles?

Besides,I thought they were "going green",so what the hell do they need oil for anyway?

"Green" doesn't really mean "green"

"Green" means you go ahead and buy the carbon producing oil but you pay some Al Gore or Al Gore wannebe some $$$ to feel good about yourself as you pollute the planet.

Rush - American Blood For European Oil In Libya

Tags: energy, eu, european, european oil companies, european oil consumption, european oil imports, european oils, european oils lyrics, oil, russia

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