BP 2006 Annual Report Download - page 179

BP Annual Report and Accounts 2006 177
52 Suspended exploration well costs continued
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Country Project
Cost
$ million
2006
wells
gross
Years
wells
drilled
Anticipated
year of
development
project sanction Comment
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Angola Chumbo 26 2 2003-2005 2008-2009 Assessment of hydrocarbon quantities as potentially
commercial completed; development option identified and
under evaluation; development plan for FPSO submitted.
Plutao/Saturno/Marte/
Venus
51 5 2002-2005 2007 Assessment of hydrocarbon quantities as potentially
commercial completed; development option using FPSO
identified and under evaluation.
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
77 7
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Colombia Volcanera 43 1 1993 2009 Assessment of hydrocarbon quantities as potentially
commercial completed; assessment of economic aspects
of project in progress; development options identified and
under evaluation; planned phased development linked to
neighbouring field using existing infrastructure; seismic
survey in process.
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43 1
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Egypt Ras El Bar Seth 3 1 1995 2009-2012 Assessment of hydrocarbon quantities as potentially
commercial completed; development options identified
and under evaluation; development planned through
tieback to existing infrastructure; gas sale agreement in
place.
Western Mediterranean
Block B
14 3 2002-2004 2008-2017 Assessment of hydrocarbon quantities as potentially
commercial completed; development options identified
and under evaluation; seismic survey completed and under
review; concession agreement amendment negotiations
under way.
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
17 4
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Indonesia Tangguh Phase II 51 9 1994-1997 2009-2011 Assessment of hydrocarbon quantities as potentially
commercial completed; assessment of economic aspects
of project in progress; onshore and offshore development
options identified and under evaluation. This is the second
phase of the LNG project which is currently under
development.
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51 9
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Norway Skarv/Snadd 72 8 1998-2002 2007 Assessment of hydrocarbon quantities as potentially
commercial completed; development options identified
and under evaluation; planned development with floating
production system and export infrastructure agreed with
partners.
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72 8
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Trinidad Chachalaca 48 1 2005 2007 Assessment of hydrocarbon quantities as potentially
commercial completed; assessment of economic aspects
of project in progress; development option selected.
Coconut 47 1 2005 2010+ Assessment of hydrocarbon quantities as potentially
commercial completed; assessment of economic aspects
of project in progress; development options identified and
under evaluation; planned subsea tieback to existing
infrastructure.
Corallita/Lantana 24 2 1996 2007-2008 Assessment of hydrocarbon quantities as potentially
commercial completed; development options identified
and under evaluation; planned subsea tieback to existing
infrastructure fields dedicated to LNG gas contract
delivery; dependent upon capacity in existing infrastruture.
Manakin 21 1 2000 2010+ Assessment of hydrocarbon quantities as potentially
commercial completed; assessment of economic aspects
of project in progress; development options identified and
under evaluation; planned subsea tieback to existing
production facilities and LNG train; inter-governmental
discussions on unitization continue.
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140 5