12.07.2015 Views

BP Annual Report and Form 20-F 2011 - Company Reporting

BP Annual Report and Form 20-F 2011 - Company Reporting

BP Annual Report and Form 20-F 2011 - Company Reporting

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Supplementary information on oil <strong>and</strong> natural gas (unaudited)Movements in estimated net proved reserves continuedmillion barrelsBitumen a <strong>20</strong>10Rest ofNorthAmericaTotalEquity-accounted entities (<strong>BP</strong> share)At 1 January <strong>20</strong>10Developed – –Undeveloped – –– –Changes attributable toRevisions of previous estimates – –Improved recovery – –Purchases of reserves-in-place – –Discoveries <strong>and</strong> extensions 179 179Production – –Sales of reserves-in-place – –179 179At 31 December <strong>20</strong>10Developed – –Undeveloped 179 179179 179aProved 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 <strong>and</strong> the option <strong>and</strong> ability to make lifting <strong>and</strong>sales arrangements independently.272 <strong>BP</strong> <strong>Annual</strong> <strong>Report</strong> <strong>and</strong> <strong>Form</strong> <strong>20</strong>-F <strong>20</strong>11

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