BP 2014 Annual Report Download - page 226

BP’s net production by country – crude oilaand natural gas liquids
thousand barrels per day
BP net share of productionb
2014 2013
Crude oil
2012 2014 2013
Natural gas
liquids
2012
Subsidiaries
UKcd 46 58 81 235
Norwayc41 31 22 541
Total Rest of Europe 41 31 22 541
Total Europe 87 89 103 776
Alaskac127 137 139 –––
Lower 48 onshorec14 12 11 45 45 49
Gulf of Mexico deepwaterc206 156 176 18 13 15
Total US 347 305 327 63 58 64
Canadac––– ––1
Total Rest of North America ––– ––1
Total North America 347 305 327 63 58 65
Trinidad & Tobago 13 10 8 12 12 13
Brazilc–77 –––
Total South America 13 17 16 12 12 13
Angola 181 180 149 –––
Egypt 37 33 36 –––
Algeria 536 537
Total Africa 222 217 191 537
Azerbaijanc98 96 92 –––
Western Indonesia 211 –––
Iraq 55 39 39 –––
Other 246 –12
Total Rest of Asia 156 141 137 –12
Total Asia 156 141 137 –12
Australia 17 19 20 344
Other 221 –––
Total Australasia 19 21 22 344
Total subsidiariese844 789 795 91 86 96
Equity-accounted entities (BP share)
TNK-BP (Russia, Venezuela, Vietnam)cf –183 857 –420
Rosneft (Russia, Canada, Venezuela, Vietnam)cg 816 643 – 57–
Abu Dhabih97 231 216 –––
Argentina 62 60 63 333
Bolivia 321 –––
Egypt ––– 455
Other 111 –––
Total equity-accounted entities 979 1,120 1,137 12 19 27
Total subsidiaries and equity-accounted entities 1,823 1,909 1,932 104 105 123
aIncludes condensate.
bProduction 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.
cIn 2014, BP divested its interests in the Endicott and Northstar fields, and 50% of its interests in the Milne Point field, in Alaska, its interest in the US onshore Hugoton upstream operation and its
interest in the Polvo asset in Brazil. BP also reduced its interest in certain wells in the US onshore Eagle Ford Shale in south Texas. It increased its interest in the Shah Deniz asset in Azerbaijan, in
certain UK North Sea assets, and in certain US onshore assets. In 2013, BP divested its interests in TNK-BP, its interests in the Harding, Devenick, Maclure, Braes and Braemar fields in the North Sea
and its interests in the US onshore Moxa upstream operation in Wyoming. It also acquired an interest in Rosneft. In 2012, BP divested its interests in the Gulf of Mexico Marlin, Dorado, King, Horn
Mountain, Holstein, Ram Powell and Diana Hoover assets, a portion of its interest in the Gulf of Mexico Mad Dog asset, its interests in the US onshore Jonah and Pinedale upstream operation in
Wyoming, and associated gas gathering system, its interests in the Canadian natural gas liquid business, its interests in the Alba and Britannia fields in the UK North Sea, its interests in the Draugen
field in the Norwegian Sea, and TNK-BP disposed of its interests in OJSC Novosibirskneftegaz, with interests in Novosibirsk region, Omsk region, and Irkutsk region, and its interests in OJSC
Severnoeneftegaz, with interests in Novosibirsk region. BP also increased its interest in the US onshore Eagle Ford Shale in south Texas, its interests in certain UK North Sea assets, and in certain US
Alaska assets.
dVolumes relate to six BP-operated fields within ETAP. BP has no interests in the remaining three ETAP fields, which are operated by Shell.
eIncludes 7 net mboe/d of NGLs from processing plants in which BP has an interest (2013 5.5mboe/d and 2012 13.5mboe/d).
fEstimated production for 2013 represents BP’s share of TNK-BP’s estimated production from 1 January to 20 March, averaged over the full year.
g2014 is based on preliminary operational results of Rosneft for the three months ended 31 December 2014. Actual results may differ from these amounts. 2013 reflects production for the period
21 March to 31 December, averaged over the full year.
hBP holds interests, through associates, in offshore concessions in Abu Dhabi which expire in 2018. We similarly held onshore concessions which expired in 2014.
Because of rounding, some totals may not agree exactly with the sum of their component parts.
222 BP Annual Report and Form 20-F 2014