BP 2009 Annual Report Download - page 57
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BP Annual Report and Accounts 2009
Business review
Business review
Business review
55
Exploration and Production
For the year ended 31 December $ million
2009 2008 2007
Sales and other operating revenuesa57,626 86,170 65,740
Replacement cost profit before interest and taxb24,800 38,308 27,602
million barrels of oil equivalent
Net proved reserves for subsidiaries 12,621 12,562 12,583
Net proved reserves for equity-accounted entities 5,671 5,585 5,231
Total of subsidiaries and equity-accounted entities 18,292 18,147 17,814
$ per barrel
Average BP crude oil realizationsc59.86 95.43 69.98
Average BP NGL realizationsc29.60 52.30 46.20
Average BP liquids realizationsc d 56.26 90.20 67.45
Average West Texas Intermediate oil price 61.92 100.06 72.20
Average Brent oil price 61.67 97.26 72.39
$ per thousand cubic feet
Average BP natural gas realizationsc3.25 6.00 4.53
Average BP US natural gas realizationsc3.07 6.77 5.43
$ per million British thermal units
Average Henry Hub gas pricee3.99 9.04 6.86
pence per therm
Average UK National Balancing Point gas price 30.85 58.12 29.95
thousand barrels per day
Total liquids production for subsidiariesd f 1,400 1,263 1,304
Total liquids production for equity-accounted entitiesd f 1,135 1,138 1,110
Total of subsidiaries and equity-accounted entitiesd f 2,535 2,401 2,414
million cubic feet per day
Natural gas production for subsidiariesf7,450 7,277 7,222
Natural gas production for equity-accounted entitiesf1,035 1,057 921
Total of subsidiaries and equity-accounted entitiesf8,485 8,334 8,143
thousand barrels of oil equivalent per day
Total production for subsidiariesf g 2,684 2,517 2,549
Total production for equity-accounted entitiesf g 1,314 1,321 1,269
Total of subsidiaries and equity-accounted entitiesf g 3,998 3,838 3,818
aIncludes sales between businesses.
bIncludes profit after interest and tax of equity-accounted entities.
cRealizations are based on sales of consolidated subsidiaries only, which excludes equity-accounted entities.
dCrude oil and natural gas liquids.
eHenry Hub First of Month Index.
fNet of royalties.
gExpressed in thousands of barrels of oil equivalent per day (mboe/d). Natural gas is converted to oil equivalent at 5.8 billion cubic feet = 1 million barrels.