BP 2014 Annual Report Download - page 228

The following tables provide additional data and disclosures in relation to our oil and gas operations.
Average sales price per unit of productiona
$ per unit of production
Europe
North
America
South
America
Africa Asia Australasia
Total
group
average
UK
Rest of
Europe US
Rest of
North
America Russiab
Rest of
Asia
Subsidiaries
2014
Crude oilc96.02 97.77 93.66 – 96.85 93.99 – 91.05 94.04 93.65
Natural gas liquids 58.11 52.97 32.28 – 41.62 53.67 – – 65.70 36.15
Gas 8.13 8.22 3.80 – 4.65 5.92 – 6.28 11.20 5.70
2013
Crude oilc107.83 107.78 102.07 – 106.37 107.02 – 108.26 105.89 105.38
Natural gas liquids 62.53 61.82 30.95 – 54.92 69.39 – – 68.13 38.38
Gas 9.43 10.18 3.07 – 4.66 5.75 – 4.99 10.55 5.35
2012
Crude oilc111.76 109.07 107.55 – 105.83 110.08 – 109.74 106.47 108.94
Natural gas liquids 74.38 60.36 34.65 – 52.46 75.82 – – 84.96 42.75
Gas 8.62 9.43 2.32 – 3.53 6.05 – 5.08 10.08 4.75
Equity-accounted entitiesd
2014
Crude oilc– – – – 73.87 – 84.19 14.70 – 72.53
Natural gas liquids – – – – 15.75 – n/a – – 15.75
Gas – – – – 4.73 – 2.18 12.83 – 3.01
2013
Crude oilc– – – – 74.01 – 95.28 11.58 – 63.51
Natural gas liquids – – – – 29.63 – n/a – – 29.63
Gas – – – – 4.05 – 2.47 13.21 – 3.26
2012
Crude oilc– – – – 81.32 – 86.76 10.15 – 62.11
Natural gas liquids – – – – 22.36 – 7.63 – – 9.70
Gas – – – – 2.35 – 2.35 5.08 – 2.52
aUnits of production are barrels for liquids and thousands of cubic feet for gas. Realizations include transfers between businesses, except in the case of Russia in 2014 and 2013.
bAmounts reported for Russia in 2014 and 2013 include BP’s share of Rosneft’s worldwide activities, including insignificant amounts outside Russia. The operational and financial information of the
Rosneft segment for 2014 is based on preliminary operational and financial results of Rosneft for the three months ended 31 December 2014. Actual results may differ from these amounts. Crude oil
includes natural gas liquids in 2014 and 2013.
cIncludes condensate.
dIt 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 productiona
$ per unit of production
Europe
North
America
South
America
Africa Asia Australasia
Total
group
average
UK
Rest of
Europe US
Rest of
North
America Russiab
Rest of
Asia
Subsidiaries
2014 44.67 18.85 14.22 – 5.43 13.37 – 15.55 3.92 12.68
2013 34.10 24.48 16.11 – 5.92 13.84 – 13.20 3.21 13.16
2012 22.77 39.10 15.60 – 5.69 11.89 – 11.85 3.23 12.50
Equity-accounted entities
2014 – – – – 11.28 – 3.82 4.34 – 4.75
2013 – – – – 12.16 – 4.36 4.19 – 5.28
2012 – – – – 11.33 – 5.72 2.88 – 5.76
aUnits of production are barrels for liquids and thousands of cubic feet for gas. Amounts do not include ad valorem and severance taxes.
bAmounts reported for Russia in 2014 and 2013 include BP’s share of Rosneft’s worldwide activities, including insignificant amounts outside Russia. The operational and financial information of the
Rosneft segment for 2014 is based on preliminary operational and financial results of Rosneft for the three months ended 31 December 2014. Actual results may differ from these amounts.
224 BP Annual Report and Form 20-F 2014