BP 2012 Annual Report Download - page 9

Lubricants
Our lubricants business manufactures and
markets lubricants and related products and
services. It is a global business marketing
products in more than 70 countries leveraging
brand, technology and relationships. We focus
our resources on core and growth markets
such as Brazil, Russia, India and China.
North Sea region
BP was the first company to find
hydrocarbons in the North Sea region, in
1965. We now have one of the largest asset
bases in the region, operating around 30 oil
and gas fields, two major terminals and an
extensive network of pipelines.
Petrochemicals
Our petrochemicals business produces
petrochemicals products at manufacturing
units around the world that, for the most
part, use proprietary BP technology. At the
end of the year the business comprised
15 manufacturing sites with approximately
40% of our capacity in Asia, and 30% in each
of Europe and the US. We sell our products
to customers in more than 40 countries.
Angola
We have been involved in Angola since the
1970s. We now hold a position in nine major
deepwater licences, along with equity in the
Angola LNG project. We achieved two major
project start-ups in 2012.
Azerbaijan
Our major projects include the Azeri-Chirag-
Gunashli oil field; the Shah Deniz gas field;
three major terminals; and a number of long-
distance pipelines, including the 1,768km
Baku-Tbilisi-Ceyhan pipeline, which carries oil
across Azerbaijan, Georgia and Turkey.
Business review: Group overview
BP Annual Report and Form 20-F 2012 7
Business review: Group overview