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Asset Retirement Obligations (Tables)
12 Months Ended
Dec. 31, 2015
Asset Retirement Obligations [Abstract]  
Schedule of Reconciliation of Beginning and Ending Aggregate Carrying Amount of Asset Retirement Obligations

 

 

 

 

 

 

 

 

 

 

(Thousands of dollars)

2015

 

2014

Balance at beginning of year

$

875,728 

 

880,003 

         Accretion expense

 

48,665 

 

50,778 

         Liabilities incurred

 

76,775 

 

70,568 

         Revisions of previous estimates

 

(85,504)

 

8,278 

         Liabilities settled

 

(13,359)

 

(36,818)

         Liabilities assumed by purchaser of oil and gas assets

 

(33,448)

 

(69,416)

         Changes due to translation of foreign currencies

 

(43,545)

 

(27,665)

                 Balance at end of year

 

825,312 

 

875,728 

         Current portion of liability at end of year*

 

(31,838)

 

(34,202)

                 Noncurrent portion of liability at end of year

$

793,474 

 

841,526 

 

*Included in Other Accrued Liabilities on the Consolidated Balance Sheet.