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Corporate
Upstream
Key operating
ratios
             
KEY OPERATING RATIOS        
 
Consolidated subsidiaries 99-01 98-00 97-99 96-98
Finding costs ($/boe) (1) 0.6 0.7 0.8 1.1
Reserve replacement costs ($/boe) (2) 3.4 3.5 3.7 4.4
Reserve replacement rate (%) (3) 184 189 183 141
 
 
Consolidated subsidiaries 2001 2000 1999 1998
Operating costs ($/boe) 2.5 2.5 2.8 3.0
Exploration costs ($/boe) 0.7 0.7 0.8 1.0
DD&A ($/boe) 3.9 4.0 3.8 3.9
Technical costs ($/boe) (4) 7.1 7.2 7.4 7.9
 
 
All subsidiaries 2001 2000 1999 1998
Reserve life (years) (5) 13.7 13.8 13.9 12.7
(1) = (exploration costs + unproved property acquisition) / (revision + extension, discoveries)
(2) = (total costs incurred) / (revision + extension, discoveries + acquisitions), excludes the Sincor upgrader
(3) = (revision + extension, discoveries + acquisition – sales of reserves) / production of the period
(4) = (production costs + exploration expenses + DD&A (excluding FAS 121)) / production of the year
(5) = reserves at year-end / production of the year
 

 

 
   
 
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