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

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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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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