BP 2007 Annual Report Download - page 176

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48 Suspended exploration well costs continued
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Anticipated
2007 Years year of
Cost wells wells development
Country Project $ million gross drilled project sanction Comment
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UK Andrew 14 1 1998 2008 Assessment of hydrocarbon quantities as potentially
commercial completed; development options identified
and under evaluation; development awaiting capacity in
existing infrastructure; negotiations under way for gas
sales contract.
Devenick 90 3 1983-2001 2008-2009 Assessment of hydrocarbon quantities as potentially
commercial completed; assessment of economic aspects
of project in progress; development options identified and
under evaluation; development may be in conjunction with
Harding Gas project nearby.
Puffin 29 9 1982-1991 2009-2010 Assessment of hydrocarbon quantities as potentially
commercial completed; further assessment of economic
and developmental aspects of project to be undertaken;
sub-surface and feasibility review under way; development
awaiting capacity in existing infrastructure.
Kessog 35 4 1986-1987 2010 Assessment of hydrocarbon quantities as potentially
commercial completed; further assessment of economic
and developmental aspects of project in progress.
Suilven 20 3 1995-1998 2010-2011 Assessment of hydrocarbon quantities as potentially
commercial completed; assessment of economic and
developmental aspects of project in progress;
development anticipated to be by tie-back to existing
production vessel; awaiting capacity in existing
infrastructure.
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188 20
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US Liberty 20 1 1997 2008 Assessment of hydrocarbon quantities as potentially
commercial completed; development options identified
and under evaluation; planned tie-back via extended reach
drilling from existing infrastructure; memoranda of
understanding with two key permitting agencies have
been secured.
Mad Dog Deep 48 1 2005 2009-2011 Assessment of hydrocarbon quantities as potentially
commercial completed; assessment of economic and
developmental aspects of project under way.
Mad Dog Southwest Ridge 34 3 2005 2010 Assessment of hydrocarbon quantities as potentially
commercial completed; assessment of economic aspects
of project under way; development options identified and
under evaluation; development expected to be by subsea
tieback.
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102 5
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Vietnam Hai Thach 65 3 1995-2002 2009 Assessment of hydrocarbon quantities as potentially
commercial completed; assessment of economic aspects
of project in place; development options identified and
under evaluation; licence extension secured.
Kim Cuong Tay 13 1 1995 2010-2012 Initial assessment of hydrocarbon quantities as potentially
commercial completed; further assessment of
developmental aspects of project to be undertaken; further
seismic study planned for 2008.
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78 4
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Miscellaneous smaller projects 24 8
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672 70
Certain projects that were classified as projects with completed exploration drilling activity at 31 December 2006 are not classified as such at
31 December 2007:
– The following projects were sanctioned for development in 2007: Skarv in Norway and Chachalaca in Trinidad & Tobago.
– In Colombia, $43 million relating to the Volcanera project was written off.
– In the US, the Entrada field was disposed of.