XML 65 R40.htm IDEA: XBRL DOCUMENT v3.22.4
Suspended Wells and Exploration Expenses (Tables)
12 Months Ended
Dec. 31, 2022
Extractive Industries [Abstract]  
Net Changes in Suspended Exploratory Well Costs
The following table reflects the net changes in suspended exploratory well costs during 2022, 2021 and 2020:
Millions of Dollars
202220212020
Beginning balance at January 1$660 682 1,020 
Additions pending the determination of proved reserves5 10 164 
Reclassifications to proved properties(7)— (42)
Sales of suspended wells — (313)
Charged to dry hole expense(131)(32)(147)
Ending balance at December 31
$527 660 682 
Aging of Suspended Well Cost
The following table provides an aging of suspended well balances at December 31:
Millions of Dollars
202220212020
Exploratory well costs capitalized for a period of one year or less$15 156 
Exploratory well costs capitalized for a period greater than one year512 656 526 
Ending balance$527 660 682 
Number of projects with exploratory well costs capitalized for a period greater than one year17 22 22 
Aging of Exploratory Well Cost, Capitalized for More than One Year
The following table provides a further aging of those exploratory well costs that have been capitalized for more than one year since the completion of drilling as of December 31, 2022:
Millions of Dollars
Suspended Since
Total
2019-2021
2016-20182006-2015
Willow—Alaska(2)
315 201 114 — 
PL 1009—Norway(1)
39 39 — — 
PL 891—Norway(1)
31 31 — — 
Narwhal Trend—Alaska(1)
25 — 25 — 
WL4-00—Malaysia(2)
24 17 — 
PL782S—Norway(1)
19 19 — — 
Montney—Canada(1)
12 — 
Other of $10 million or less each(1)(2)
47 10 30 
Total$512 308 174 30 
(1)Additional appraisal wells planned.
(2)Appraisal drilling complete; costs being incurred to assess development.