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Property, Plant and Equipment (Tables)
6 Months Ended
Jun. 30, 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

 

800 

 

 

1,620 

Other adjustments

 

(3,205)

 

 

– 

Balance at June 30

$

128,109 

 

 

122,075 



Aging of Capitalized Exploratory Well Costs



 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 



 

June 30,



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

$

63,617 

 

 

 

$

217 

 

 

One to two years

 

– 

 

– 

 

– 

 

 

32,192 

 

 

Two to three years

 

31,627 

 

 

– 

 

 

27,842 

 

 

– 

Three years or more

 

32,865 

 

 

– 

 

 

61,824 

 

 



$

128,109 

 

11 

 

 

$

122,075 

 

10