BP 2011 Annual Report Download - page 95

BP Annual Report and Form 20-F 2011 93
Business review: BP in more depth
Business review
Natural gas
million cubic feet per day
Subsidiaries BP net share of productiona
Field or area 2011 2010 2009
UKbBruce/Rhumc20 100 110
Other 335 372 508
Total UK 355 472 618
NorwaybVarious 13 15 16
Total Rest of Europe 13 15 16
Total Europe 368 487 634
Lower 48 onshorebSan Juanc603 629 659
Jonahc145 185 227
Anadarko 141 137 146
Arkoma Central 136 164 194
Wamsutterc122 126 146
Arkoma East 115 112 67
Arkoma West 109 128 65
Other 274 394 451
Total Lower 48 onshore Total 1,645 1,875 1,955
Gulf of Mexico deepwaterbVarious 176 263 303
Alaska Various 22 46 58
Total US 1,843 2,184 2,316
CanadabVarious 14 202 263
Total Rest of North America 14 202 263
Total North America 1,857 2,386 2,579
Trinidad & Tobago Mangoc308 544 664
Cashima/NEQBc570 679 571
Kapokc464 541 540
Cannonballc99 156 225
Amherstiac296 252 197
Otherc456 301 233
Total Trinidad 2,193 2,473 2,430
ColombiabVarious 471 62
Total South America 2,197 2,544 2,492
EgyptbTemsah 74 90 118
Ha’pyc99 73 94
Taurtc61 75 73
Other 210 192 177
Total Egypt 444 430 462
Algeria Total 114 126 159
Total Africa 558 556 621
PakistanbVariousc73 150 173
Azerbaijan Variousc140 132 126
Western Indonesiab59 70 106
IndiabKGD6 121 – –
Other 25 – –
Total India 146 – –
VietnambVariousc69 77 63
China Yacheng 70 95 83
Oman 20 – –
Sharjah Variousc41 50 59
Total Rest of Asia 618 574 610
Total Asia 618 574 610
Australia Perseus/Athena 170 165 142
Goodwyn 72 118 139
Angel 126 133 120
Other 87 46 39
Total Australia 455 462 440
Eastern Indonesia Tangguhc340 323 74
Total Australasia 795 785 514
Total subsidiariesd6,393 7,332 7,450
Equity-accounted entities (BP share)
Russia – TNK-BPbVarious 699 640 601
Total Russia 699 640 601
Western Indonesia Various 26 30 31
Vietnamb8– –
KazakhstanbVarious ––11
Total Rest of Asia 34 30 42
Total Asia 733 670 643
Argentina Various 371 379 378
BoliviabVarious 14 11 11
VenezuelabVarious 79 3
Total South America 392 399 392
Total equity-accounted entitiesd1,125 1,069 1,035
Total subsidiaries and equity-accounted entities 7,518 8,401 8,485
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 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. In 2009, BP assumed operatorship of the Mirpurkhas and Khipro blocks in
Pakistan, swapped a number of assets with BG Group plc. in the UK sector of the North Sea, divested some minor interests in the US Lower 48, divested its holdings in Indonesia’s Offshore Northwest
Java to Pertamina, divested its interests in LukArco to Lukoil and the Bolivian government nationalized, with compensation payable, Pan American Energy’s shares of Chaco.
c BP-operated.
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.
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