BP 2006 Annual Report Download - page 205

BP Annual Report and Accounts 2006 203
Supplementary information on oil and natural gas continued
Equity-accounted entities
In addition, at 31 December 2006 the group’s share of the standardized measure of discounted future net cash flows of equity-accounted entities
amounted to $14,700 million ($19,300 million at 31 December 2005 and $10,900 million at 31 December 2004).
Operational and statistical information
The following tables present operational and statistical information related to production, drilling, productive wells and acreage.
Crude oil and natural gas production
The following table shows crude oil and natural gas production for the years ended 31 December 2006, 2005 and 2004.
Production for the yeara
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UK
Rest of
Europe USA
Rest of
Americas
Asia
Pacific Africa Russia Other Total
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Subsidiaries
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Crude oilbthousand barrels per day
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2006 253 61 547 108 44 177 – 161 1,351
2005 277 75 612 144 47 175 – 93 1,423
2004 330 77 666 173 48 130 – 56 1,480
Natural gascmillion cubic feet per day
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2006 936 91 2,376 2,645 727 430 – 207 7,412
2005 1,090 108 2,546 2,384 751 422 – 211 7,512
2004 1,174 125 2,749 2,334 775 267 – 200 7,624
Equity-accounted entities (BP share)
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Crude oilbthousand barrels per day
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2006 – – – 77 1 – 876 170 1,124
2005 – – – 71 – – 911 157 1,139
2004 – – – 68 2 – 831 150 1,051
Natural gascmillion cubic feet per day
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2006 – – – 416 37 – 544 8 1,005
2005 – – – 375 47 – 482 8 912
2004 – – – 353 60 – 458 8 879
aAll volumes are net of royalty, whether payable in cash or in kind.
bCrude oil includes natural gas liquids and condensate.
cNatural gas production excludes gas consumed in operations.
Productive oil and gas wells and acreage
The following tables show the number of gross and net productive oil and natural gas wells and total gross and net developed and undeveloped oil and
natural gas acreage in which the group and its equity-accounted entities had interests as of 31 December 2006. A ‘gross’ well or acre is one in which a
whole or fractional working interest is owned, while the number of ‘net’ wells or acres is the sum of the whole or fractional working interests in gross
wells or acres. Productive wells are producing wells and wells capable of production. Developed acreage is the acreage within the boundary of a field,
on which development wells have been drilled, which could produce the reserves; while undeveloped acres are those on which wells have not been
drilled or completed to a point that would permit the production of commercial quantities, whether or not such acres contain proved reserves.
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UK
Rest of
Europe USA
Rest of
Americas
Asia
Pacific Africa Russia Other Total
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Number of productive wells at 31 December 2006
Oil wellsa–gross 270 87 8,226 3,379 351 603 18,967 1,491 33,374
–net 145 27 2,402 1,839 151 524 8,090 198 13,376
Gas wellsb–gross 300 38 17,601 2,256 648 83 42 124 21,092
–net 140 14 11,318 1,377 238 40 20 52 13,199
aIncludes approximately 976 gross (281.8 net) multiple completion wells (more than one formation producing into the same well bore).
bIncludes approximately 2,283 gross (1,524.6 net) multiple completion wells. If one of the multiple completions in a well is an oil completion, the well is classified as an oil
well.
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UK
Rest of
Europe USA
Rest of
Americas
Asia
Pacific Africa Russia Other Total
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Oil and natural gas acreage at 31 December 2006
Developed – gross 433 138 7,392 3,161 1,072 477 3,991 1,865 18,529
–net 203 44 4,725 1,470 262 211 1,728 419 9,062
Undevelopeda–gross 2,100 1,053 6,809 12,436 7,765 16,215 13,778 18,684 78,840
–net 1,154 339 4,797 5,861 2,939 9,764 5,694 7,677 38,225
aUndeveloped acreage includes leases and concessions.