BP 2015 Annual Report Download - page 191
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Movements in estimated net proved reserves – continued
million barrels
Natural gas liquidsab 2013
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 14 17 316 – 6 6 – – 7 366
Undeveloped 5 6 171 – 12 19 – – 11 225
19 23 487 – 18 25 – – 18 591
Changes attributable to
Revisions of previous estimates 1 (4) (30) – 29 (4) – – (7) (15)
Improved recovery 1 – 19 – – – – – – 20
Purchases of reserves-in-place – – – – – – – – – –
Discoveries and extensions – – 2 – – – – – – 2
Productionc(1) (1) (24) – (4) (1) – – (1) (33)
Sales of reserves-in-place (5) – (10) – – – – – – (15)
(4) (5) (43) – 25 (5) – – (8) (40)
At 31 Decemberd
Developed 9 16 290 – 14 4 – – 8 342
Undeveloped 6 2 155 – 28 15 – – 3 209
15 18 444 – 43 20 – – 10 551
Equity-accounted entities (BP share)e
At 1 January
Developed – – – – 3 9 59 – – 71
Undeveloped – – – – 4 9 19 – – 32
– – – – 7 18 78 – – 103
Changes attributable to
Revisions of previous estimates – – – – (7) (2) 89 – – 81
Improved recovery – – – – – – – – – –
Purchases of reserves-in-place – – – – – – 29 – – 29
Discoveries and extensions – – – – – – – – – –
Production – – – – – – (2) – – (3)
Sales of reserves-in-place – – – – – – (78) – – (78)
– – – – (7) (2) 38 – – 29
At 31 Decemberf
Developed – – – – – 8 94 – – 103
Undeveloped – – – – – 8 21 – – 29
– – – – – 16 115 – – 131
Total subsidiaries and equity-accounted entities (BP share)
At 1 January
Developed 14 17 316 – 9 15 59 – 7 437
Undeveloped 5 6 171 – 16 27 19 – 11 257
19 23 487 – 25 43 78 – 18 693
At 31 December
Developed 9 16 290 – 14 13 94 – 8 444
Undeveloped 6 2 155 – 28 23 21 – 3 238
15 18 444 – 43 36 115 – 10 682
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 component parts.
cExcludes NGLs from processing plants in which an interest is held of 5,500 barrels per day.
dIncludes 13 million barrels of NGL 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.
fTotal proved NGL reserves held as part of our equity interest in Rosneft is 115 million barrels, comprising less than 1 million barrels in Venezuela, Vietnam and Canada, and 115 million barrels in Russia.
Financial statements
BP Annual Report and Form 20-F 2015 187