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Property, Plant and Equipment (Tables)
9 Months Ended
Sep. 30, 2014
Property, Plant And Equipment [Abstract]  
Net Changes in Capitalized Exploratory Well Costs

 

 

 

 

 

 

 

 

 

 

 

 

(Thousands of dollars)

2014

 

 

2013

Beginning balance at January 1

$

393,030 

 

 

445,697 

Additions pending the determination of proved reserves

 

13,595 

 

 

28,168 

Reclassifications to proved properties based on the determination of proved
  reserves

 

– 

 

 

(52,865)

Balance at September 30

$

406,625 

 

 

421,000 

 

Aging of Capitalized Exploratory Well Costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30,

 

2014

 

2013

(Thousands of dollars)

Amount

 

No. of Wells

 

No. of Projects

 

Amount

 

No. of Wells

 

No. of Projects

Aging of capitalized well costs:

 

 

 

 

 

 

 

 

 

 

 

 

 

Zero to one year

$

32,192 

 

 

 

$

36,424 

 

 

One to two years

 

36,676 

 

 

 

 

51,444 

 

 

– 

Two to three years

 

51,898 

 

 

– 

 

 

35,504 

 

 

Three years or more

 

285,859 

 

22 

 

 

 

297,628 

 

27 

 

 

$

406,625 

 

32 

 

 

$

421,000 

 

38 

 

10