BP 2010 Annual Report Download - page 234

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
     2009
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 – – – – 5,789 – 13,266 2,259 – 21,314
 Unprovedproperties – – – 1,378 197 – 737 – – 2,312
    – – – 1,378 5,986 – 14,003 2,259 – 23,626
Accumulateddepreciation – – – – 2,084 – 5,550 1,739 – 9,373
Netcapitalizedcosts – – – 1,378 3,902 – 8,453 520 – 14,253

Costsincurredfortheyearended31Decemberb
Acquisitionofpropertiesc
 Proved – – – – – – – – – –
 Unproved – – – – 31 – 10 – – 41
    – – – – 31 – 10 – – 41
Explorationandappraisalcostsd – – – – 21 – 77 3 – 101
Development – – – 30 538 – 1,182 246 – 1,996
Totalcosts – – – 30 590 – 1,269 249 – 2,138

Resultsofoperationsfortheyearended31December
Salesandotheroperatingrevenuese
 Thirdparties – – – – 1,977 – 4,919 351 – 7,247
 Salesbetweenbusinesses – – – – – – 2,838 – – 2,838
    – – – – 1,977 – 7,757 351 – 10,085
Explorationexpenditure – – – – 23 – 37 – – 60
Productioncosts – – – – 354 – 1,428 159 – 1,941
Productiontaxes – – – – 702 – 2,597 – – 3,299
Othercosts(income) – – – – (69) – 12 (2) – (59)
Depreciation,depletionandamortization – – – – 281 – 1,073 274 – 1,628
Impairmentsandlosseson
 saleofbusinessesandxedassets – – – – – – 72 – – 72
    – – – – 1,291 – 5,219 431 – 6,941
Prot(loss)beforetaxation – – – – 686 – 2,538 (80) – 3,144
Allocabletaxes – – – – 270 – 501 – – 771
Resultsofoperations – – – – 416 – 2,037 (80) – 2,373

Explorationandproductionactivities–
 equity-accountedentitiesafter
 tax(asabove) – – – – 416 – 2,037 (80) – 2,373
Midstreamandotheractivitiesaftertaxf – 5 29 134 214 56 (113) 611 – 936
Totalreplacementcostprot
 afterinterestandtax – 5 29 134 630 56 1,924 531 – 3,309

aT

 hesetablescontaininformationrelatingtooilandnaturalgasexplorationandproductionactivitiesofequity-accountedentities.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,purchasesandsalestaxes.
f
Includesinterest,minorityinterestandthenetresultsofequity-accountedentitiesofequity-accountedentities.
232BPAnnualReportandForm20-F2010