BP 2012 Annual Report Download - page 89

Business review: BP in more depth
Business review: BP in more depth
BP Annual Report and Form 20-F 2012
87
BP’s net production by major field – liquids
thousand barrels per day
Subsidiaries BP net share of productiona
Field or area 2012 2011 2010
UKbETAPc 11 22 28
Foinaven (BP-operated) 14 26 24
Otherd61 65 85
Total UK 86 113 137
NorwaybVarious 23 32 40
Total Rest of Europe 23 32 40
Total Europe 109 145 177
Alaska Prudhoe Bay (BP-operated) 77 78 81
Kuparuk 36 39 42
Milne Point (BP-operated) 15 19 23
Other 11 17 20
Total Alaska 139 153 166
Lower 48 onshorebVarious 60 69 90
Gulf of Mexico deepwaterbThunder Horse (BP-operated) 49 77 120
Atlantis (BP-operated) 23 34 49
Mad Dog (BP-operated) 9830
Mars 15 19 23
Na Kika (BP-operated) 21 14 25
Horn Mountain (BP-operated) 6814
King (BP-operated) 14 15 21
Other 54 56 56
Total Gulf of Mexico deepwater 191 231 338
Total US 390 453 594
CanadabVarious (BP-operated) 127
Total Rest of North America 127
Total North America 391 455 601
ColombiabVarious (BP-operated) –118
Trinidad & Tobago Various (BP-operated) 21 31 36
BrazilbPolvo (BP-operated) 77–
Total South America 28 39 54
Angola Greater Plutonio (BP-operated) 59 51 73
Kizomba C Dev 921 31
Dalia 11 12 20
Girassol FPSO 11 12 18
Pazflor 29 5–
Other 30 22 28
Total Angola 149 123 170
EgyptbGupco 32 34 47
Other 911 12
Total Egypt 41 45 59
AlgeriabVarious 12 22 17
Total Africa 202 190 246
AzerbaijanbAzeri-Chirag-Gunashli (BP-operated) 82 86 94
Other 10 89
Total Azerbaijan 92 94 103
Western IndonesiabVarious 122
Iraq Rumaila 39 31 –
Other Various 711 14
Total Rest of Asiab139 138 119
Total Asia 139 138 119
Australia Various 24 23 30
Other Various 322
Total Australasia 27 25 32
Total subsidiariese896 992 1,229
Equity-accounted entities (BP share)
Russia – TNK-BPbVarious 863 865 856
Total Russia 863 865 856
Abu DhabifVarious 216 209 190
Other Various 111
Total Rest of Asiab217 210 191
Total Asia 1,080 1,075 1,047
Argentina Various 65 74 75
VenezuelabVarious 14 16 23
BoliviabVarious 1––
Total South America 80 90 98
Total equity-accounted entitiesg1,160 1,165 1,145
Total subsidiaries and equity-accounted entities 2,056 2,157 2,374
a Production excludes royalties due to others whether payable in cash or in kind where the royalty owner has a direct interest in the underlying production and the option and ability to make lifting and sales arrangements independently.
b In 2012, BP divested its interests in the US Gulf of Mexico Marlin, Dorado, King, Horn Mountain, Holstein, Ram Powell and Diana Hoover assets, a portion of our interest in US Gulf of Mexico Mad Dog asset, its interests in the US onshore
Jonah and Pinedale upstream operation in Wyoming, and associated gas gathering system, its interests in the Canadian natural gas liquid business, its interests in the Alba and Britannia fields in the UK North Sea, its interests in the
Draugen field in the Norwegian Sea, and TNK-BP disposed of its interests in OJSC Novosibirskneftegaz, with interests in Novosibirsk region, Omsk region, and Irkutsk region, and its interests in OJSC Severnoeneftegaz, with interests in
Novosibirsk region. BP also increased its interest in the US onshore Eagle Ford Shale in south Texas, its interests in certain UK North Sea assets, and in certain US Alaska assets. In 2011, BP sold its holdings in Venezuela and Vietnam to
TNK-BP. It also made acquisitions in India through a joint venture with Reliance, Brazil and additional volumes in the US Gulf of Mexico and UK North Sea. BP divested its holdings in Pompano along with other interests in the US Gulf of
Mexico, Tuscaloosa and interests in South Texas in the US onshore, a portion of our interest in the Azeri-Chirag-Gunashli development in Azerbaijan, Wytch Farm in the UK, our interests in the REB field in Algeria, and the remainder of our
interests in Colombia and Pakistan. In 2010, BP divested its Permian Basin assets in Texas and south-east New Mexico, the East Badr El-Din and Western Desert concession in Egypt, its Canada gas assets and reduced its interest in the
King field in the Gulf of Mexico. It also acquired an increased holding in the Azeri-Chirag-Gunashli development in Azerbaijan and the Valhall and Hod fields in the Norwegian North Sea. Four other producing fields in the Gulf of Mexico that
were acquired during 2010 were subsequently disposed of in early 2011.
c Volumes relate to six BP-operated fields within ETAP. BP has no interests in the remaining three ETAP fields, which are operated by Shell.
d 2012 includes 17mb/d of production in assets held for sale.
e Includes 13.5 net mboe/d of NGLs from processing plants in which BP has an interest (2011 28mboe/d and 2010 29mboe/d).
f The BP group holds interests, through associates, in onshore and offshore concessions in Abu Dhabi, expiring in 2014 and 2018 respectively.
g 2012 includes 877mb/d of production in assets held for sale associated with TNK-BP. See TNK-BP on pages 80-81 for further information.