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Property, Plant and Equipment (Tables)
12 Months Ended
Dec. 31, 2018
Property, Plant And Equipment [Abstract]  
Schedule of Property, Plant and Equipment



 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



 

December 31, 2018

 

 

December 31, 2017

 

(Thousands of dollars)

 

Cost

 

Net

 

 

Cost

 

Net

 

Exploration and production1

 

$

22,629,844 

 

9,654,945 

 

20,329,930 

 

8,120,293 

Corporate and other

 

 

193,471 

 

102,619 

 

 

170,842 

 

99,738 

 



 

$

22,823,315 

 

9,757,564 

 

 

20,500,772 

 

8,220,031 

 

1  Includes unproved mineral rights as follows:

 

$

512,025 

 

144,912 

 

 

600,423 

 

198,349 

 

2.  Includes $32,071 in 2018 and $38,670 in 2017 related to administrative assets and support equipment.

Schedule of Recognized Impairments







 

 

 

 

 

 

 

 



 

December 31,

 

(Thousands of dollars)

 

 

2018

2017

 

2016

US Onshore (Midland)

 

$

20,000 

 

– 

 

– 

 

Canada

 

 

– 

 

– 

 

95,088 

 

Malaysia

 

 

– 

 

– 

 

– 

 



 

$

20,000 

 

– 

 

95,088 

 



Net Changes in Capitalized Exploratory Well Costs



 

 

 

 

 

 



 

 

 

 

 

 

(Thousands of dollars)

2018

 

2017

 

2016

Beginning balance at January 1

$

175,640 

 

148,500 

 

130,514 

Additions pending the determination of proved reserves

 

60,179 

 

51,488 

 

17,986 

Reclassifications to proved properties based on the
     determination of proved reserves

 

(2,214)

 

(15,988)

 

– 

Capitalized exploration well costs charged to expense

 

(4,521)

 

(8,360)

 

– 

        Ending balance at December 31

$

229,084 

 

175,640 

 

148,500 



Aging of Capitalized Exploratory Well Costs



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



2018

 

2017

 

2016

(Thousands of dollars)

Amount

 

No. of
Wells

 

No. of
Projects

 

Amount

 

No. of
Wells

 

No. of
Projects

 

Amount

 

No. of
Wells

 

No. of
Projects

Aging of capitalized well
  costs:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     Zero to one year

$

61,096 

 

 

 

$

41,480 

 

 

 

$

20,481 

 

 

     One to two years

 

40,523 

 

 

 

 

5,812 

 

 

 

 

63,527 

 

 

     Two to three years

 

– 

 

– 

 

– 

 

 

43,200 

 

 

 

 

– 

 

– 

 

– 

     Three years or more

 

127,465 

 

 

 

 

85,148 

 

 

 

 

64,492 

 

 

– 



$

229,084 

 

10 

 

 

$

175,640 

 

13 

 

 

$

148,500 

 

12