Occidental Petroleum 2012 Annual Report Download - page 87
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Sales Volumes per Day
2011
2010
Oil (MBBL)
230
219
NGLs (MBBL)
69
52
Natural gas (MMCF)
782
677
Oil (MBBL) - Colombia (b)
29
36
Natural gas (MMCF) - Bolivia
15
16
Oil (MBBL)
Bahrain
4
3
Dolphin
9
12
Oman
69
61
Qatar
73
76
Other
34
42
TOTAL
189
194
NGLs (MBBL)
Dolphin
10
12
Other
—
1
TOTAL
10
13
Natural gas (MMCF)
426
453
731
705
(a) For all periods presented, excludes volumes from the Argentine operations sold in February 2011 and classified as discontinued operations.
(b) Includes production and sales volumes per day of 5 mbbl and 4 mbbl, respectively, for the year ended December 31, 2010, related to the noncontrolling interest in a Colombian subsidiary.
(c) Natural gas volumes have been converted to BOE based on energy content of six Mcf of gas to one barrel of oil. Barrels of oil equivalence does not necessarily result in price
equivalence The price of natural gas on a barrel of oil equivalent basis is currently substantially lower than the corresponding price for oil and has been similarly lower over the recent
past. For example, in 2012, the average prices of WTI oil and NYMEX natural gas were $94.21 per barrel and $2.81 per Mcf, respectively, resulting in an oil to gas ratio of over 30.