BP 2010 Annual Report Download - page 232

Supplementaryinformationonoilandnaturalgas(unaudited)
Supplementaryinformationonoilandnaturalgas(unaudited)continued
Oil and natural gas exploration and production activities continued
 $million
  2010
Europe North South Africa Asia Australasia Total
America America
Rest of
Rest of North Rest of
UK Europe US America Russia Asia
Equity-accountedentities(BPshare)a
Capitalizedcostsat31Decemberb
Grosscapitalizedcosts
 Provedproperties – – – 142 103 – 14,486 3,192 – 17,923
 Unprovedproperties – – – 1,284 – – 652 – – 1,936
 – – – 1,426 103 – 15,138 3,192 – 19,859
Accumulateddepreciation – – – – – – 6,300 2,674 – 8,974
Netcapitalizedcosts – – – 1,426 103 – 8,838 518 – 10,885

Costsincurredfortheyearended31Decemberb
Acquisitionofpropertiesc
 Proved – – – – – – – – – –
 Unproved – – – – 9 – 66 – – 75
 – – – – 9 – 66 – – 75
Explorationandappraisalcostsd– – – – 2 – 94 – – 96
Development – – – 49 549 – 1,416 355 – 2,369
Totalcosts – – – 49 560 – 1,576 355 – 2,540

Resultsofoperationsfortheyearended31December
Salesandotheroperatingrevenuese
 Thirdparties – – – – 2,268 – 5,610 87 – 7,965
 Salesbetweenbusinesses – – – – – – 3,432 460 – 3,892
 – – – – 2,268 – 9,042 547 – 11,857
Explorationexpenditure – – – – 22 – 40 – – 62
Productioncosts – – – – 316 – 1,602 184 – 2,102
Productiontaxes – – – – 911 – 3,567 – – 4,478
Othercosts(income) – – – 67 75 – 3 (2) – 143
Depreciation,depletionandamortization – – – – 269 – 954 363 – 1,586
Impairmentsandlossesonsaleof
 businessesandxedassets – – – – – – 43 – – 43
 – – – 67 1,593 – 6,209 545 – 8,414
Prot(loss)beforetaxation – – – (67) 675 – 2,833 2 – 3,443
Allocabletaxes – – – – 260 – 475 33 – 768
Resultsofoperations – – – (67) 415 – 2,358 (31) – 2,675

Explorationandproductionactivities–
 equity-accountedentitiesafter
 tax(asabove) – – – (67) 415 – 2,358 (31) – 2,675
Midstreamandotheractivitiesaftertaxf– 4 27 238 199 63 255 518 – 1,304
Totalreplacementcostprot
 afterinterestandtax – 4 27 171 614 63 2,613 487 – 3,979

aThesetablescontaininformationrelatingtooilandnaturalgasexplorationandproductionactivitiesofequity-accountedentities.Theydonotincludeamountsrelatingtoassetsheldforsale.Midstream
activitiesrelatingtothemanagementandownershipofcrudeoilandnaturalgaspipelines,processingandexportterminalsandLNGprocessingfacilitiesandtransportationaswellasdownstreamactivities
ofTNK-BPareexcluded.Theamountsreportedforequity-accountedentitiesexcludethecorrespondingamountsfortheirequity-accountedentities.
bDecommissioning
assetsareincludedincapitalizedcostsat31Decemberbutareexcludedfromcostsincurredfortheyear.
cIncludescostscapitalizedasaresultofassetexchanges.
dIncludesexplorationandappraisaldrillingexpenditures,whicharecapitalizedwithinintangibleassets,andgeologicalandgeophysicalexplorationcosts,whicharechargedtoincomeasincurred.
ePresentednetoftransportationcostsandsalestaxes.
fIncludesinterest,minorityinterestandthenetresultsofequity-accountedentitiesofequity-accountedentities.
230BPAnnualReportandForm20-F2010