BP 2012 Annual Report Download - page 90

Download and view the complete annual report

Please find page 90 of the 2012 BP annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 303

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216
  • 217
  • 218
  • 219
  • 220
  • 221
  • 222
  • 223
  • 224
  • 225
  • 226
  • 227
  • 228
  • 229
  • 230
  • 231
  • 232
  • 233
  • 234
  • 235
  • 236
  • 237
  • 238
  • 239
  • 240
  • 241
  • 242
  • 243
  • 244
  • 245
  • 246
  • 247
  • 248
  • 249
  • 250
  • 251
  • 252
  • 253
  • 254
  • 255
  • 256
  • 257
  • 258
  • 259
  • 260
  • 261
  • 262
  • 263
  • 264
  • 265
  • 266
  • 267
  • 268
  • 269
  • 270
  • 271
  • 272
  • 273
  • 274
  • 275
  • 276
  • 277
  • 278
  • 279
  • 280
  • 281
  • 282
  • 283
  • 284
  • 285
  • 286
  • 287
  • 288
  • 289
  • 290
  • 291
  • 292
  • 293
  • 294
  • 295
  • 296
  • 297
  • 298
  • 299
  • 300
  • 301
  • 302
  • 303

Business review: BP in more depth
BP Annual Report and Form 20-F 2012
88
BP’s net production by major field – natural gas
million cubic feet per day
Subsidiaries BP net share of productiona
Field or area 2012 2011 2010
UKbBruce/Rhum (BP-operated) 15 20 100
Otherc399 335 372
Total UK 414 355 472
NorwaybVarious 813 15
Total Rest of Europe 813 15
Total Europe 422 368 487
Lower 48 onshorebSan Juan (BP-operated) 561 603 629
Jonah (BP-operated) 69 145 185
Anadarko 142 141 137
Arkoma Central 118 136 164
Wamsutter (BP-operated) 141 122 126
Arkoma East 112 115 112
Arkoma West 98 109 128
Other 258 274 394
Total Lower 48 onshore Total 1,499 1,645 1,875
Gulf of Mexico deepwaterbVarious 134 176 263
Alaska Various 18 22 46
Total US 1,651 1,843 2,184
CanadabVarious 13 14 202
Total Rest of North America 13 14 202
Total North America 1,664 1,857 2,386
Trinidad & Tobago Mango (BP-operated) 181 308 544
Cashima/NEQB (BP-operated) 305 570 679
Kapok (BP-operated) 360 464 541
Cannonball (BP-operated) 56 99 156
Amherstia (BP-operated) 324 296 252
Serrette (BP-operated) 367 35 –
Savonette (BP-operated) 320 327 203
Other (BP-operated) 184 94 98
Total Trinidad 2,097 2,193 2,473
ColombiabVarious 471
Total South America 2,097 2,197 2,544
EgyptbTemsah 34 74 90
Ha’py (BP-operated) 88 99 73
Taurt (BP-operated) 67 61 75
Other 281 210 192
Total Egypt 470 444 430
Algeria Various 120 114 126
Total Africa 590 558 556
PakistanbVarious (BP-operated) 73 150
AzerbaijanbVarious (BP-operated) 158 140 132
Western IndonesiabSanga-Sanga 59 59 69
Other –1
Total Western Indonesia 59 59 70
IndiabD1D3 253 121 –
Other 60 25 –
Total India 313 146 –
VietnambVarious (BP-operated) 69 77
China Yacheng 54 70 95
Oman 14 20 –
Sharjah Various (BP-operated) 35 41 50
Total Rest of Asia 633 618 574
Total Asia 633 618 574
Australia Perseus/Athena 141 170 165
Goodwyn 73 72 118
Angel 110 126 133
Other 111 87 46
Total Australia 435 455 462
Eastern Indonesia Tangguh (BP-operated) 352 340 323
Total Australasia 787 795 785
Total subsidiariesd6,193 6,393 7,332
Equity-accounted entities (BP share)
Russia – TNK-BPbVarious 734 699 640
Western Indonesia Various 26 26 30
Vietnamb46 8–
Total Rest of Asia 72 34 30
Total Asia 806 733 670
Argentina Various 355 371 379
BoliviabVarious 34 14 11
VenezuelabVarious 579
Total South America 394 392 399
Total equity-accounted entitiesd e 1,200 1,125 1,069
Total subsidiaries and equity-accounted entities 7,393 7,518 8,401
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 Hugoton basin including the Jayhawk NGL plant, its interests in 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, its interests in the Sunray and Hemphill gas processing plants in Texas, and associated gas gathering system, its
interests in the UK North Sea southern gas fields including associated pipeline infrastructure and the Dimlington terminal (including the integrated Easington terminal), and its interests in the Alba and Britannia fields in the UK North Sea. BP
also increased its interest in the US onshore Eagle Ford Shale in South Texas, and its interests in certain UK North Sea 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, in the Eagle Ford shale in North America and additional volumes in the US Gulf of Mexico. 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, Wytch Farm in the UK, minor volumes in Canada 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 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 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 2012 includes 40mmcf/d of production in assets held for sale.
d
Natural gas production volumes exclude gas consumed in operations within the lease boundaries of the producing field, but the related reserves are included in the group’s reserves.
e 2012 includes 785mmcf/d of production in assets held for sale associated with TNK-BP. See TNK-BP on pages 80-81 for further information.