BP 2010 Annual Report Download - page 56

Download and view the complete annual report

Please find page 56 of the 2010 BP annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 272

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216
  • 217
  • 218
  • 219
  • 220
  • 221
  • 222
  • 223
  • 224
  • 225
  • 226
  • 227
  • 228
  • 229
  • 230
  • 231
  • 232
  • 233
  • 234
  • 235
  • 236
  • 237
  • 238
  • 239
  • 240
  • 241
  • 242
  • 243
  • 244
  • 245
  • 246
  • 247
  • 248
  • 249
  • 250
  • 251
  • 252
  • 253
  • 254
  • 255
  • 256
  • 257
  • 258
  • 259
  • 260
  • 261
  • 262
  • 263
  • 264
  • 265
  • 266
  • 267
  • 268
  • 269
  • 270
  • 271
  • 272

Businessreview
Natural gas
 millioncubicfeetperday
Subsidiaries BPnetshareofproductiona
    Fieldorarea 2010 2009 2008
UKb  Bruce/Rhumc100 110 165
  BraeEast 46 62 71
  Other 326 446 523
TotalUK472 618 759
Norwayb Various 15 16 23
TotalRestofEurope  15 16 23
TotalEurope  487 634 782
Lower48onshoreb SanJuanc629 659 682
  Jonahc185 227 221
  ArkomaCentral 164 194 240
  ArkomaWest 128 65
  ArkomaEast 112 67
  Wamsutterc126 146 136
  Other 531 597 607
TotalLower48onshore Total 1,875 1,955 1,886
GulfofMexicodeepwaterb ThunderHorsec80 83 11
  Other 183 220 219
TotalGulfofMexicodeepwater  263 303 230
Alaska  Various 46 58 41
TotalUS2,184 2,316 2,157
Canadab Various 202 263 245
TotalRestofNorthAmerica  202 263 245
TotalNorthAmerica  2,386 2,579 2,402
Trinidad&Tobago Mangoc544 664 471
  Cashima/NEQBc679 571 375
  Kapokc541 540 619
  Cannonballc156 225 336
  Amherstiac252 197 288
  Otherc301 233 357
TotalTrinidad  2,473 2,430 2,446
Colombia Various 71 62 84
Venezuelab Various  – 2
TotalSouthAmerica  2,544 2,492 2,532
Egyptb  Temsah 90 118 109
  Ha’pyc73 94 94
  Taurtc75 73 24
  Other 192 177 145
TotalEgypt  430 462 372
Algeria  Total 126 159 112
TotalAfrica  556 621 484
Pakistanb Variousc150 173 162
Azerbaijanb Variousc132 126 143
WesternIndonesiab Sanga-Sanga 69 71 69
  Other 1 35 97
TotalWesternIndonesia  70 106 166
China  Yacheng 95 83 91
Vietnam Variousc77 63 61
Sharjah  Variousc50 59 73
TotalRestofAsia  574 610 696
TotalAsia  574 610 696
Australia Perseus/Athena 165 142 229
 Goodwyn 118 139 74
 Angel 133 120 6
  Other 46 39 71
TotalAustralia  462 440 380
EasternIndonesia Tangguhc323 74 1
TotalAustralasia  785 514 381
Totalsubsidiariesd 7,332 7,450 7,277
Equity-accounted entities (BP share)
Russia–TNK-BPb Various 640 601 564
TotalRussia  640 601 564
WesternIndonesia Various 30 31 31
Kazakhstanb Various  11 8
TotalRestofAsia  30 42 39
TotalAsia  670 643 603
Argentina Various 379 378 385
Boliviab  Various 11 11 63
Venezuelab Various 9 3 6
TotalSouthAmerica  399 392 454
Totalequity-accountedentitiesd 1,069 1,035 1,057
T
otalsubsidiariesandequity-accountedentities
 8,401 8,485 8,334
aP roduction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2010,BPdivesteditsPermianBasinassetsinTexasandsouth-eastNewMexico,theEastBadrEl-DinandWesternDesertconcessioninEgypt,itsCanadagasassetsandreduceditsinterestinthe
TubularBellsandKingeldsintheGulfofMexico.ItalsoacquiredanincreasedholdingintheAzeri-Chirag-GunashlidevelopmentinAzerbaijanandtheValhallandHodeldsintheNorwegianNorthSea.
Fourotherproducingelds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it’sinterestsinLukArcotoLukoilandtheBoliviangovernmentnationalized,withcompensationpayable,PanAmericanEnergy’ssharesofChaco.In2008,BPconcludedthe
migrationoftheCerroNegrooperationstoanincorporatedjointventurewithPDVSAwhileretainingitsequityposition,andTNK-BPdisposedofsomenon-coreinterests.
cBP
-operated.
dNaturalgasproductionvolumesexcludegasconsumedinoperationswithintheleaseboundariesoftheproducingeld,buttherelatedreservesareincludedinthegroup’sreserves.
54BPAnnualReportandForm20-F2010