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Property, Plant and Equipment (Tables)
3 Months Ended
Mar. 31, 2016
Property, Plant And Equipment [Abstract]  
Net Changes in Capitalized Exploratory Well Costs



 

 

 

 

 



 

 

 

 

 

(Thousands of dollars)

2016

 

 

2015

Beginning balance at January 1

$

130,514 

 

 

120,455 

Additions pending the determination of proved reserves

 

– 

 

 

141 

Other adjustments

 

(886)

 

 

– 

Balance at March 31

$

129,628 

 

 

120,596 



Aging of Capitalized Exploratory Well Costs



 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 



 

March 31,



2016

 

2015

(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

$

65,136 

 

 

 

$

– 

 

– 

 

– 

One to two years

 

– 

 

– 

 

– 

 

 

32,192 

 

 

Two to three years

 

31,627 

 

 

– 

 

 

33,744 

 

 

Three years or more

 

32,865 

 

 

– 

 

 

54,660 

 

 

– 



$

129,628 

 

13 

 

 

$

120,596