Property Review: North Sea

All production volumes are shown before royalties.
Prior year statistics have been revised as necessary, such that all reported numbers are stated within the definitions used for 2004

Property Average WI (%) 2004 2003 2002
Mid-North Sea
Clyde/Orlon/Halley
13-95      
Production: Oil and Liquids (bbls/d)   14,215 13,014 14,688
  Natural Gas (mmcf/d)   1.8 4.4 4.5
  Total Production (boe/d)   14,520 13,742 15,446
Drilling: Number of wells   5 2 2
Capital Expenditures: (C$ million)   72 132 94
Buchan/Hannay 86      
Production: Oil and Liquids (bbls/d)   8,814 8,526 8,062
  Natural Gas (mmcf/d)   0.4 0.4 0.7
  Total Production (boe/d)   8,873 8,598 8,178
Drilling: Number of wells   2 2 4
Capital Expenditures: (C$ million)   105 55 89
Ross/Blake 54-69      
Production: Oil and Liquids (bbls/d)   20,674 22,437 27,017
  Natural Gas (mmcf/d)   6.5 7 7.7
  Total Production (boe/d)   21,755 23,601 28,294
Drilling: Number of wells   2 3 -
Capital Expenditures: (C$ million)   12 125 4
Beatrice 100      
Production: Oil and Liquids (bbls/d)   4,270 5,603 7,406
Drilling: Number of wells   - - 1
Capital Expenditures: (C$ million)   2 4 16
Flotta Catchment Area 13-100      
Production: Oil and Liquids (bbls/d)        
  Piper Core Area   11,642 11,862 16,009
  MacCullough   5,243 6,045 6,184
  Claymore Core Area   21,499 18,692 20,045
  THP Core Area   7,471 6,706 10,008
  Galley   6,425 - -
  Natural Gas (mmcf/d)        
  MacCulloch and Piper   0.8 0.7 1.4
  Total Production (boe/d)   52,416 43,422 52,479
Drilling: Number of wells   5 6 8
Capital Expenditures: (C$ million)   202 121 186
Norway(Gyda) 61      
Production: Oil and Liquids (bbls/d)   5,862 2,574 -
  Natural Gas (mmcf/d)   3 1 -
  Total Production (boe/d)   6,437 2,788 -
Drilling: Number of wells   2 - -
Capital Expenditures: (C$ million)   42 12 -
Non-Operated
Brae
13-18      
Production: Oil and Liquids (bbls/d)   7,111 7,883 8,801
  Natural Gas (mmcf/d)   83 84 93
  Total Production (boe/d)   21,016 21,816 24,330
Drilling: Number of wells   8 2 1
Capital Expenditures: (C$ million)   - 15 4
Netherlands 2-20      
Production: Oil and Liquids (bbls/d)   65 132 199
  Natural Gas (mmcf/d)   16 10 12
  Total Production (boe/d)   2,728 1,764 2,269
Drilling: Number of wells   3 2 2
Capital Expenditures: (C$ million)   - 4 13
Other 2-60      
Production: Oil and Liquids (bbls/d)   8,572 9,601 9,067
  Natural Gas (mmcf/d)   1.3 1.9 2.3
  Total Production (boe/d)   8,791 9,932 9,436
Drilling: Number of wells   11 5 5
Capital Expenditures: (C$ million)   61 28 25
Total Production: Oil and Liquid (bbls/d)   121,861 113,075 127,486
  Natural Gas (mmcf/d)   113.7 109.1 122.2
  (boe/d)   140,806 131,258 147,847
Total Capital Expenditures: (C$ million)   507 496 431