BP 2012 Annual Report Download - page 91

Business review: BP in more depth
Business review: BP in more depth
BP Annual Report and Form 20-F 2012
89
The following tables provide additional data and disclosures in relation to our oil and gas operations.
Average sales price per unit of production
$ per unit of productiona
Europe North
America
South
America
Africa Asia Australasia Total
group
average
UK
Rest of
Europe US
Rest of
North
AmericabRussia
Rest of
Asia
Average sales pricec
Subsidiaries
2012
Liquidsd
Gas
109.64
8.62
106.93
9.43
96.35
2.32
–
–
84.53
3.53
106.39
6.05
–
–
109.69
5.08
103.12
10.08
102.10
4.75
2011
Liquidsde
Gas
106.89
7.91
107.83
13.15
96.34
3.34
–
–
86.60
3.60
104.37
5.24
–
–
111.10
4.73
101.22
9.13
101.29
4.69
2010
Liquidsd
Gas
76.33
5.44
81.09
7.16
70.79
3.88
48.26
4.20
71.01
2.80
74.87
4.11
–
–
78.80
4.05
75.81
7.01
73.41
3.97
Equity-accounted entitiesf
2012
Liquidsd
Gas
–
–
–
–
–
–
–
–
79.08
2.35
–
–
83.85
2.35
10.15
5.08
–
–
69.41
2.52
2011
Liquidsd
Gas
–
–
–
–
–
–
–
–
73.51
2.31
–
–
84.39
2.23
8.11
12.21
–
–
71.35
2.40
2010
Liquidsd
Gas
–
–
–
–
–
–
–
–
61.60
1.97
–
–
60.39
1.91
6.72
7.83
–
–
52.81
2.04
a Units of production are barrels for liquids and thousands of cubic feet for gas.
b Producing assets now largely divested.
c
Realizations include transfers between businesses.
d Crude oil and natural gas liquids.
e
A minor amendment has been made to 2011 realizations for UK and Europe.
f
It is common for equity-accounted entities’ agreements to include pricing clauses that require selling a significant portion of the entitled production to local governments or markets at discounted
prices.
Average production cost per unit of production
$ per unit of productiona
Europe North
America
South
America
Africa Asia Australasia Total
group
average
UK
Rest of
Europe US
Rest of
North
AmericabRussia
Rest of
Asia
The average production
cost per unit of productiona
Subsidiaries
2012 22.77 39.10 15.60 – 5.69 11.89 – 11.85 3.23 12.50
2011 21.59 18.23 12.09 – 3.20 10.82 – 8.65 3.05 10.08
2010 12.79 9.76 8.10 15.78 2.48 7.52 – 4.59 2.03 6.77
Equity-accounted entities
2012 – – – – 11.33 – 5.72 2.88 – 5.76
2011 – – – – 9.04 – 5.68 2.70 – 5.58
2010 – – – – 6.32 – 5.04 2.61 – 4.83
a
Units of production are barrels for liquids and thousands of cubic feet for gas. Amounts do not include ad valorem and severance taxes.
b Producing assets now largely divested.