BP 2010 Annual Report Download - page 245


Financial statements
b
d
e
Supplementaryinformationonoilandnaturalgas(unaudited)
Supplementaryinformationonoilandnaturalgas(unaudited)continued
Movements in estimated net proved reserves continued
millionbarrelsofoilequivalent
Total hydrocarbonsa    2008
Europe North South Africa Asia Australasia  Total
  America America    
    Restof     
  Restof  North    Restof 
 UK Europe USe America   Russia Asia 
Subsidiaries
At1January2008
 Developed 767 116 3,722 118 631 427 – 340 240 6,361
 Undeveloped 219 239 2,077 74 1,576 593 – 591 853 6,222
    986 355 5,799 192 2,207 1,020 – 931 1,093 12,583
Changesattributableto
 Revisionsofpreviousestimates 20 (12) (569) 10 (71) 289 – 194 67 (72)
 Improvedrecovery 52 30 410 3 36 18 – 61 4 614
 Purchasesofreserves-in-place – – 32 – – – – – – 32
 Discoveriesandextensions – – 158 22 168 187 – 7 – 542
 Productionbf (115) (18) (334) (20) (186) (135) – (94) (35) (937)
 Salesofreserves-in-place – – – – (200) – – – – (200)
    (43) – (303) 15 (253) 359 – 168 36 (21)
At31December2008c
 Developed 724 91 3,279 126 617 645 – 385 382 6,249
 Undeveloped 219 264 2,217 81 1,337 734 – 714 747 6,313
    943 355 5,496 207 1,954 1,379 – 1,099 1,129 12,562

Equity-accountedentities(BPshare)g
At1January2008
 Developed – – – – 583 – 2,233 606 – 3,422
 Undeveloped – – – – 386 – 1,199 224 – 1,809
    – – – – 969 – 3,432 830 – 5,231
Changesattributableto
 Revisionsofpreviousestimates – – – – (20) 42 436 (1) – 457
 Improvedrecovery – – – – 115 – – 2 – 117
 Purchasesofreserves-in-place – – – – 200 – – – – 200
 Discoveriesandextensions – – – – 46 – 26 – – 72
 Productionbf – – – – (66) – (341) (84) – (491)
 Salesofreserves-in-place – – – – – – (1) – – (1)
    – – – – 275 42 120 (83) – 354
At31December2008d
 Developed – – – – 658 – 2,495 529 – 3,682
 Undeveloped – – – – 586 42 1,057 218 – 1,903
    – – – – 1,244 42 3,552 747 – 5,585

Totalsubsidiariesandequity-accountedentities(BPshare)
At1January2008
 Developed 767 116 3,722 118 1,214 427 2,233 946 240 9,783
 Undeveloped 219 239 2,077 74 1,962 593 1,199 815 853 8,031
    986 355 5,799 192 3,176 1,020 3,432 1,761 1,093 17,814
At31December2008
 Developed 724 91 3,279 126 1,275 645 2,495 914 382 9,931
 Undeveloped 219 264 2,217 81 1,923 776 1,057 932 747 8,216
    943 355 5,496 207 3,198 1,421 3,552 1,846 1,129 18,147

a
Provedreservesexclude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.

E
xcludesNGLsfromprocessingplantsinwhichaninterestisheldof29thousandbarrelsofoilequivalentaday.
c
Includes807millionbarrelsofNGLs.Alsoincludes557millionbarrelsofoilequivalentinrespectofthe30%minorityinterestinBPTrinidadandTobagoLLC.

Includes36millionbarrelsofNGLs.Alsoincludes239millionbarrelsofoilequivalentinrespectoftheminorityinterestinTNK-BP.

ProvedreservesinthePrudhoeBayeldinAlaskaincludeanestimated54millionbarrelsofoilequivalentuponwhichanetprotsroyaltywillbepayable.
f
Includes33millionbarrelsofoilequivalentofnaturalgasconsumedinoperations,25millionbarrelsofoilequivalentinsubsidiaries,8millionbarrelsofoilequivalentinequity-accountedentitiesand
excludes3millionbarrelsofoilequivalentofproducednon-hydrocarboncomponentswhichmeetregulatoryrequirementsforsales.
g
Volumesofequity-accountedentitiesincludevolumesofequity-accountedinvestmentsofthoseentities.
BPAnnualReportandForm20-F2010 243