BP 2008 Annual Report Download - page 190

Financial statements
BP Annual Report and Accounts 2008
Supplementary information on oil and natural gas
Equity-accounted entities
In addition, at 31 December 2008, the group’s share of the standardized measure of discounted future net cash flows of equity-accounted entities
amounted to $9,000 million ($28,300 million at 31 December 2007 and $14,700 million at 31 December 2006), excluding minority interest.
Operational and statistical information
The following tables present operational and statistical information related to production, drilling, productive wells and acreage.
Crude oil and natural gas production
The following table shows crude oil and natural gas production for the years ended 31 December 2008, 2007 and 2006.
Production for the yeara
Rest of Rest of Asia
UK Europe US Americas Pacific Africa Russia Other Total
Subsidiaries
Crude oilbthousand barrels per day
2008 173 43 538 75 37 277 – 120 1,263
2007 201 51 513 82 41 195 – 221 1,304
2006 253 61 547 108 44 177 – 161 1,351
Natural gascmillion cubic feet per day
2008 759 23 2,157 2,777 699 484 – 378 7,277
2007 768 29 2,174 2,798 699 468 – 286 7,222
2006 936 91 2,376 2,645 727 430 – 207 7,412
Equity-accounted entities
(BP share)
Crude oilbthousand barrels per day
2008 – – – 92 1 – 826 219 1,138
2007 – – – 77 1 – 832 200 1,110
2006 – – – 77 1 – 876 170 1,124
Natural gascmillion cubic feet per day
2008 – – – 454 31 – 564 8 1,057
2007 – – – 429 33 – 451 8 921
2006 – – – 416 37 – 544 8 1,005
aProduction 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.
bCrude oil includes natural gas liquids and condensate.
cNatural gas production excludes gas consumed in operations.
Productive oil and gas wells and acreage
The following tables show the number of gross and net productive oil and natural gas wells and total gross and net developed and undeveloped oil and
natural gas acreage in which the group and its equity-accounted entities had interests as at 31 December 2008. A ‘gross’ well or acre is one in which a
whole or fractional working interest is owned, while the number of ’net’ wells or acres is the sum of the whole or fractional working interests in gross
wells or acres. Productive wells are producing wells and wells capable of production. Developed acreage is the acreage within the boundary of a field,
on which development wells have been drilled, which could produce the reserves; while undeveloped acres are those on which wells have not been
drilled or completed to a point that would permit the production of commercial quantities, whether or not such acres contain proved reserves.
Rest of Rest of Asia
UK Europe US Americas Pacific Africa Russia Other Total
Number of productive wells at
31 December 2008
Oil wellsa– gross 273 81 5,960 3,695 250 669 19,991 1,622 32,541
– net 147 25 2,120 2,023 108 544 8,503 268 13,738
Gas wellsb– gross 310 – 20,913 2,326 466 99 44 134 24,292
– net 142 – 11,948 1,397 166 45 22 89 13,809
aIncludes approximately 966 gross (255 net) multiple completion wells (more than one formation producing into the same well bore).
bIncludes approximately 2,631 gross (1,737 net) multiple completion wells. If one of the multiple completions in a well is an oil completion, the well is classified as an oil well.
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