Petro-Canada Analysis across The Oil and Gas Value Chain

Table of Contents

1 Table of Contents
1 Table of Contents 2
1.1 List of Tables 9
1.2 List of Figures 11
2 Company Snapshot 12
2.1 Key Information 12
2.2 Company Overview 12
2.3 Financial Performance 12
2.4 Industry Outlook -- Production & Exploration 12
2.5 Industry Outlook -- Refining 13
2.6 SWOT Snapshot 14
3 Petro-Canada , Crude Oil And Natural Gas Forecasts, 2000-2012 15
3.1 Petro-Canada , Crude Oil & Natural Gas Forecasts, By Fields 15
3.2 Petro-Canada , Gross Revenue Forecasts, By Fields 17
3.3 Petro-Canada , Total Government Take Forecasts, By Fields 19
3.4 Petro-Canada , Contractor Take Forecasts, By Fields 21
4 Petro-Canada , Exploration and Production Summary 23
4.1 Petro-Canada, Fields under development 23
4.2 Petro-Canada , Active Exploration Blocks, by Country, 2000-2007 23
4.3 Petro-Canada, Crude Oil Production, by Country 25
4.4 Petro-Canada, Natural Gas Production, by Country 26
5 Petro-Canada, Crude Oil and Natural Gas Production By Fields 27
5.1 Petro-Canada, Crude Oil Production 27
5.1.1 Petro-Canada, Crude Oil Production in Wyoming, By Fields 27
5.1.2 Petro-Canada, Crude Oil Production in Alberta, By Fields 27
5.1.3 Petro-Canada, Crude Oil Production in British Columbia, By Fields 28
5.1.4 Petro-Canada, Crude Oil Production in Colorado, By Fields 29
5.1.5 Petro-Canada, Crude Oil Production in East Coast Offshore, By Fields 29
5.1.6 Petro-Canada, Crude Oil Production in Saskatchewan, By Fields 30
5.1.7 Petro-Canada, Crude Oil Production in Libyan Arab Jamahiriya, By Fields 31
5.1.8 Petro-Canada, Crude Oil Production in Netherlands, By Fields 31
5.1.9 Petro-Canada, Crude Oil Production in Syrian Arab Republic, By Fields 32
5.1.10 Petro-Canada, Crude Oil Production in United Kingdom, By Fields 32
5.2 Petro-Canada, Natural Gas Production 33
5.2.1 Petro-Canada, Natural Gas Production in Wyoming, By Fields 33
5.2.2 Petro-Canada, Natural Gas Production in British Columbia, By Fields 34
5.2.3 Petro-Canada, Natural Gas Production in Colorado, By Fields 35
5.2.4 Petro-Canada, Natural Gas Production in East Coast Offshore, By Fields 36
5.2.5 Petro-Canada, Natural Gas Production in Saskatchewan, By Fields 37
5.2.6 Petro-Canada, Natural Gas Production in Netherlands, By Fields 39
5.2.7 Petro-Canada, Natural Gas Production in Syrian Arab Republic, By Fields 39
5.2.8 Petro-Canada, Natural Gas Production in Trinidad and Tobago, By Fields 39
6 Petro-Canada Pipeline Operation 40
6.1 Pipeline Operation, Overview 40
6.2 Pipeline Operation, Natural Gas Pipelines 40
7 Petro-Canada Refining Operation 41
7.1 Refining Operation, Key Data 41
7.2 Refining Operation, Overview 41
7.3 Refining Operation, Total Refining Capacity, 2000-2012 41
7.4 Refining Operation, Canada 43
7.4.1 Refining Operation, Canada, Crude Distillation Unit Capacity, 2000-2012 43
7.4.2 Refining Operation, Canada, Coking Capacity, 2000-2012 43
7.4.3 Refining Operation, Canada, Fluid Catalytic Cracking Capacity, 2000-2012 44
7.4.4 Refining Operation, Canada, Hydrocracking Capacity, 2000-2012 44
8 Petro-Canada Oil and Chemicals Storage Operation 45
8.1 Oil and Chemicals Storage Operation, Overview 45
8.2 Oil and Chemicals Storage Operation, Spain 45
8.2.1 Oil and Chemicals Storage Operation, Spain, Storage Capacity, 2000-2012 45
8.3 Oil and Chemicals Storage Operation, Canada 45
8.3.1 Oil and Chemicals Storage Operation, Canada, Storage Capacity, 2000-2012 45
9 Business Description 46
9.1 Business Overview 46
9.2 Downstream 46
9.2.1 Overview 46
9.2.2 Production 46
9.2.3 Financials 46
9.2.4 Capital Expenditure 47
9.2.5 Market View 47
9.2.6 Key Strategies 47
9.3 East Coast Oil 48
9.3.1 Overview 48
9.3.2 Production 48
9.3.3 Financials 48
9.3.4 Capital Expenditure 48
9.3.5 Market View 49
9.3.6 Key Strategies 49
9.4 International 49
9.4.1 Overview 49
9.4.2 Production 50
9.4.3 Financials 50
9.4.4 Capital Expenditure 50
9.4.5 Market View 50
9.4.6 Key Strategies 51
9.5 North American Natural Gas 51
9.5.1 Overview 51
9.5.2 Production 51
9.5.3 Financials 51
9.5.4 Capital Expenditure 51
9.5.5 Market View 52
9.5.6 Key Strategies 52
9.6 Oil Sands 53
9.6.1 Overview 53
9.6.2 Production 53
9.6.3 Financials 53
9.6.4 Capital Expenditure 53
9.6.5 Market View 54
9.6.6 Key Strategies 54
9.7 Major Products and Services 54
9.7.1 Overview 54
10 History 56
11 Business Strategy 59
11.1 Mission Statement 59
11.2 Strategy 59
11.3 Corporate Social Responsibility 59
11.3.1 Overview 59
11.3.2 Specific CSR Initiatives 60
12 Value Chain Analysis 62
12.1 Upstream 62
12.1.1 Overview 62
12.1.2 Financials, Production and Major Projects 62
12.2 Downstream 63
12.2.1 Overview 63
12.2.2 Financials, Production and Major Projects 63
12.3 Retail 64
12.3.1 Overview 64
12.3.2 Financials, Production and Major Projects 64
13 SWOT Analysis 65
13.1 Overview 65
13.2 Petro-Canada Strengths 65
13.2.1 Strong Downstream Business 65
13.2.2 Oil Sands Mining Syncrude Business 66
13.2.3 Robust Financial Performance 66
13.3 Petro-Canada Weaknesses 66
13.3.1 Weak Performance in North Amercian Region 66
13.3.2 Decreasing Production from MacKay River Project 67
13.4 Petro-Canada Opportunities 67
13.4.1 International Operations 67
13.4.2 Fort Hills Project 67
13.4.3 Rising Demand for Natural Gas 67
13.5 Petro-Canada Threats 68
13.5.1 Stringent Environmental Regulations 68
13.5.2 Highly Competitive Market 68
13.5.3 Shift to Alternative Energy Sources 68
14 Competitors 69
15 Revenue Analysis 70
15.1 Revenue by Segment 70
15.2 Revenue by Geography 71
16 Financial and Operational Review 72
16.1 Financial Statements 72
16.2 Financial Ratios 73
17 Operational Indicators 74
18 Share Holding Structure 75
19 Key Employees 76
20 Key Employee Biographies 77
21 Company Statement 79
22 Locations And Subsidiaries 82
22.1 Head Office 82
22.2 Other Locations & Subsidiaries 83
23 Financial Deals Landscape 85
23.1 Debt Offerings 85
23.1.1 Petro-Canada Announces Debt Offering Of $600 Million 85
23.1.2 Petro-Canada Announces Debt Offering Of $900 Million 86
24 Recent Developments 88
24.1 License Awards 88
24.1.1 Apr 02, 2008: Husky Receives Approval For North Amethyst Development 88
24.1.2 Feb 12, 2008: Centrica Gets Licences From Norwegian Petroleum Ministry 88
24.1.3 Feb 08, 2008: Norway Declares Licensing Awards For APA 2007 90
24.2 Strategy and Business Expansion 91
24.2.1 Dec 10, 2007: Petro-Canada, NOC Sign Exploration And Development Agreements 91
24.3 Recent Discoveries 91
24.3.1 Jan 23, 2008: Petro-Canada Makes Two International Exploration Discoveries 91
24.4 Drilling and Production Updates 91
24.4.1 Jun 19, 2008: Revus Commences Drilling On Trow 32/2-1 Well 91
24.4.2 Apr 03, 2008: Husky Resumes Production From SeaRose FPSO 91
24.4.3 Mar 11, 2008: StatoilHydro To Drill In Canada As Operator 92
24.4.4 Jan 10, 2008: Gulf Shores Updates On Petro-Canada Project 92
24.4.5 Jan 10, 2008: Monarch Updates On Petro-Canada Project 93
24.5 Financial Announcements 93
24.5.1 Apr 29, 2008: Petro-Canada Reports Q1 2008 Results 93
24.5.2 Apr 29, 2008: Petro-Canada Declares Quarterly Dividend 94
24.5.3 Jan 31, 2008: Petro-Canada Declares Quarterly Dividend 94
24.5.4 Jan 31, 2008: Petro-Canada Reports Q4 2007 Results 94
24.6 Other Significant Developments 95
24.6.1 May 06, 2008: ODE Ties Up Work On GBP6 Million FEED Contract In Syria 95
24.6.2 Mar 27, 2008: Petro-Canada Stops $760 Million Pipeline In Quebec 96
24.6.3 Feb 06, 2008: Husky Completes SeaRose FPSO Turnaround 96
24.7 New Contracts Announcements 97
24.7.1 Apr 04, 2008: Petrofac Wins $477 Million Worth Contract From Petro-Canada 97
25 Appendix 98
25.1 Methodology 98
25.1.1 Coverage 98
25.1.2 Secondary Research 99
25.1.3 Primary Research 99
25.1.4 E&P Forecasts 100
25.1.5 Midstream Forecasts 102
25.1.6 Expert Panel Validation 103
25.2 Contact Us 103
25.3 About Global Markets Direct 103
25.4 Disclaimer 103