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Exploration for evaluation of oil&gas resources
12 Months Ended
Dec. 31, 2019
Exploration for evaluation of oil&gas resources  
Exploration for evaluation of oil&gas resources

34 Exploration for evaluation of oil&gas resources

 

 

 

 

 

 

 

 

(€ million)

    

2019

    

2018

    

2017

Revenues related to exploration activity and evaluation

 

34

 

17

 

 9

Exploration activity and evaluation costs

 

  

 

  

 

  

- write-off of exploration and evaluation costs

 

214

 

93

 

252

- costs of geological and geophysical studies

 

275

 

287

 

273

Exploration expense for the year

 

489

 

380

 

525

Intangible assets: proved and unproved exploration licence and leasehold property acquisition costs

 

1,031

 

1,081

 

995

Tangible assets: capitalized exploration and evaluation costs

 

1,563

 

1,267

 

1,371

Total tangible and intangible assets

 

2,594

 

2,348

 

2,366

Provision for decommissioning related to exploration activity and evaluation

 

109

 

77

 

81

Exploration expenditure (net cash used in investing activivties)

 

586

 

463

 

442

Geological and geophysical costs (cash flow from operating activities)

 

275

 

287

 

273

Total exploration effort

 

861

 

750

 

715