BP 2005 Annual Report Download - page 137

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Movements in estimated net proved reserves on an SEC basis 2005
CRUDE OILamillion barrels
Rest of Rest of Asia
UK Europe USA Americas Pacific Africa Russia Other Total
SUBSIDIARY
At 1 January 2005
Developed 559 231 2,041 311 65 204 – 62 3,473
Undeveloped 210 109 1,211 299 85 643 – 725 3,282
769 340 3,252 610 150 847 – 787 6,755
Changes attributable to
Revisions of previous estimates (31) (8) 103 (21) 21 (190) – (148) (274)
Purchases of reserves-in-place – – 2 – – – – – 2
Extensions, discoveries and
other additions 11 – 40 3 11 83 – – 148
Improved recovery 32 21 217 1 – 2 – 7 280
Productionb(101) (27) (200) (53) (17) (64) – (34) (496)
Sales of reserves-in-place – (15) (1) (39) – – – – (55)
(89) (29) 161 (109) 15 (169) – (175) (395)
AT 31 DECEMBER 2005c
Developed 496 225 1,984 215 70 142 – 69 3,201
Undeveloped 184 86 1,429 286 95 536 – 543 3,159
680 311 3,413 501 165 678 – 612 6,360
EQUITY-ACCOUNTED ENTITIES
(BP SHARE)
At 1 January 2005
Developed – – – 204 1 – 1,863 592 2,660
Undeveloped – – – 125 – – 294 100 519
– – – 329 1 – 2,157 692 3,179
Changes attributable to
Revisions of previous estimates – – – 1 – – 319 119 439
Purchases of reserves-in-place – – – – – – – – –
Extensions, discoveries and
other additions – – – 2 – – – – 2
Improved recovery – – – 25 – – – – 25
Production – – – (26) – – (333) (57) (416)
Sales of reserves-in-place – – – – – – (24) – (24)
– – – 2 – – (38) 62 26
AT 31 DECEMBER 2005d
Developed – – – 207 1 – 1,688 590 2,486
Undeveloped – – – 124 – – 431 164 719
– – – 331 1 – 2,119 754 3,205
aCrude oil includes natural gas liquids (NGLs) and condensate. Net proved reserves of crude oil exclude production royalties due to others, whether royalty is payable in
cash or in kind.
bExcludes NGLs from processing plants in which an interest is held of 58 thousand barrels a day.
cIncludes 29 million barrels of crude oil in respect of the 30% minority interest in BP Trinidad and Tobago LLC.
dIncludes 95 million barrels of crude oil in respect of the 4.47% minority interest in TNK-BP.
BP Annual Report and Accounts 2005 135