BP 2014 Annual Report Download - page 182

Movements in estimated net proved reserves – continued
billion cubic feet
Natural gasab 2014
Europe North
America
South
America
Africa Asia Australasia Total
UK
Rest of
Europe US
Rest of
North
America Russia
Rest of
Asia
Subsidiaries
At 1 January
Developed 643 364 7,122 10 3,109 961 – 1,519 3,932 17,660
Undeveloped 314 39 2,825 – 6,116 1,807 – 3,671 1,755 16,527
957 403 9,947 10 9,225 2,768 – 5,190 5,687 34,187
Changes attributable to
Revisions of previous estimates (260) (46) (29) 11 (258) (84) – (34) (351) (1,050)
Improved recovery 7 – 582 – 220 28 – – – 838
Purchases of reserves-in-place 1 – 5 – – – – 322 – 328
Discoveries and extensions 94 – 2 – 271 4 – 267 – 637
Productionc(30) (40) (625) (4) (792) (218) – (165) (302) (2,177)
Sales of reserves-in-place – – (266) – –––– –(266)
(189) (85) (332) 7 (559) (271) – 389 (652) (1,691)
At 31 Decemberd
Developed 382 300 7,168 17 2,352 901 – 1,688 3,316 16,124
Undeveloped 386 19 2,447 – 6,313 1,597 – 3,892 1,719 16,372
768 318 9,615 17 8,666 2,497 – 5,580 5,035 32,496
Equity-accounted entities (BP share)e
At 1 January
Developed – – – – 1,364 230 4,171 72 – 5,837
Undeveloped – – – 1 747 135 5,054 14 – 5,951
– – – 1 2,111 365 9,225 86 – 11,788
Changes attributable to
Revisions of previous estimates – – – 1 (87) 38 767 1 – 720
Improved recovery ––––23––– –23
Purchases of reserves-in-place –––– –––– – –
Discoveries and extensions – – – – 69 – 183 – – 252
Productionc– – – – (172) (3) (390) (18) – (583)
Sales of reserves-in-place –––– –––– – –
– – – – (166) 35 560 (17) – 412
At 31 Decemberfg
Developed – – – 1 1,228 400 4,674 60 – 6,363
Undeveloped – – – 1 717 – 5,111 9 – 5,837
– – – 1 1,945 400 9,785 69 – 12,200
Total subsidiaries and equity-accounted entities (BP share)
At 1 January
Developed 643 364 7,122 10 4,473 1,191 4,171 1,591 3,932 23,497
Undeveloped 314 39 2,825 1 6,863 1,942 5,054 3,685 1,755 22,478
957 403 9,947 11 11,336 3,133 9,225 5,276 5,687 45,975
At 31 December
Developed 382 300 7,168 18 3,581 1,301 4,674 1,748 3,316 22,487
Undeveloped 386 19 2,447 1 7,030 1,597 5,111 3,901 1,719 22,209
768 318 9,615 18 10,610 2,897 9,785 5,648 5,035 44,695
aProved 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.
bBecause of rounding, some totals may not exactly agree with the sum of their counterparts.
cIncludes 181 billion cubic feet of natural gas consumed in operations, 151 billion cubic feet in subsidiaries, 29 billion cubic feet in equity-accounted entities.
dIncludes 2,519 billion cubic feet of natural gas in respect of the 30% non-controlling interest in BP Trinidad and Tobago LLC.
eVolumes of equity-accounted entities include volumes of equity-accounted investments of those entities.
fIncludes 91 billion cubic feet of natural gas in respect of the 0.18% non-controlling interest in Rosneft.
gTotal proved gas reserves held as part of our equity interest in Rosneft is 9,827 billion cubic feet, comprising 1 billion cubic feet in Canada, 14 billion cubic feet in Venezuela, 26 billion cubic feet in
Vietnam and 9,785 billion cubic feet in Russia.
178 BP Annual Report and Form 20-F 2014