Energy Country Review: Complimentary 7-day trial

  • News-alert sign up
  • Contact us
Request a Membership
Close Tab
Login
Forgot Password?
Close Tab
Menu Back to Homepage
Phone icon +44 (0)7590 442 868
info@keyfactsenergy.com

bp

Description

bp's history is full of discoveries, starting in 1908 with oil found in a rugged part of Persia after a long and difficult search. 

bp is now one of the world's largest petroleum and petrochemicals companies. The company's main activities are exploration for and production of crude oil and natural gas; oil refining, marketing, supply and transportation; and manufacturing and marketing of petrochemicals.

In addition, BP also has a growing activity in gas, power and renewables and in solar power generation. bp has well established operations in Europe, North and South America, Asia, Australasia and Africa.

The company's principal areas of production are Angola, Argentina, Australia, Azerbaijan, Egypt, Oman, Trinidad, the UAE, the UK and the US.

In 2019, bp announced seven discoveries. In December, it confirmed the success of a three-well drilling campaign offshore Mauritania and Senegal, offering the potential for possible future developments.

The Alligin project, a tie-back to the Quad 204 development west of Shetland, UK, began production ahead of schedule in December and was the fifth Upstream major project start-up of 2019. The Raven project in Egypt is now expected to come onstream around the end of 2020. Final investment decisions for five further projects, in the US Gulf of Mexico, UK North Sea, Azerbaijan and India, were taken in 2019.

Production and reserves

Production in the fourth quarter of 2020 was 2,155mboe/d, 20.1% lower than the fourth quarter of 2019. This includes the impact of divestments mainly in BPX Energy and Alaska. Underlying production for the quarter decreased by 11.1%.

For the full year, production was 2,375mboe/d, 9.9% lower than the full year of 2019 mainly due to the impact of divestments in BPX Energy and Alaska. Underlying production for the full year decreased by 3.5% mainly due to impacts from reduced capital investment levels and decline, and significant weather impacts from hurricanes in the US Gulf of Mexico.

bp reported proved reserves of 19,341 million barrels of oil equivalent at 2019 year-end, Inclusive of the company's share of Rosneft as well as their interest in other equity-accounted entities.

Website   l   Careers   l   Linkedin 'People'

Related news

bp Simplifies Organisational Structure and Announces Executive Team Changes
18/04/2024
bp Begins Oil Production From Major New Platform Offshore Azerbaijan
17/04/2024
bp employee to cycle over 200 miles to raise funds for Myeloma UK
07/03/2024
GTA LNG Project Reaches Major Milestone With Arrival of FLNG Vessel
16/02/2024
ADNOC and bp to Form Gas Joint Venture
14/02/2024
BP Reports Fourth Quarter 2023 Results
06/02/2024
Kate Thomson Appointed bp Chief Financial Officer and Joins Board
02/02/2024
bp to acquire GETEC ENERGIE
17/01/2024
Murray Auchincloss appointed bp chief executive officer
17/01/2024
Former bp boss to forfeit £32.4m package
14/12/2023
Future Woodlands Scotland and bp sign contract for £10m Urban Forestry
29/11/2023
bp looks to leverage power of generative AI
15/11/2023
bp reports third quarter and nine months results
31/10/2023
bp ships first cargo from Indonesia’s expanded Tangguh LNG facility
19/10/2023
bp’s Archaea Energy brings online first of its kind renewable natural gas plant
04/10/2023
bp begins construction on new Texas solar project
26/09/2023
Kate Thomson Appointed as bp Interim Chief Financial Officer
19/09/2023
BP CEO resigns following review of personal relationships
13/09/2023
EV Network and bp pulse unveil the UK's largest public EV charging hub at the NEC Birmingham
07/09/2023
bp Leads Investment In Low-Cost Hydrogen Electrolyzer Innovator, Advanced Ionics
15/08/2023
bp reports second quarter and first half results
01/08/2023
bp and OMV sign a 10-year LNG supply agreement
28/07/2023
bp to enter German offshore wind market
12/07/2023
bp expands investment in bioenergy
06/07/2023
Planning approval paves way for first phase of Aberdeen Hydrogen Hub
29/06/2023
bp Announces 1st Quarter Results
02/05/2023
bp starts oil production at Argos platform in the Gulf of Mexico
13/04/2023
bp and ADNOC bid for interest in NewMed Energy
28/03/2023
Aberdeen Hydrogen Hub reaches planning milestone
16/03/2023
bp launches plans for low-carbon green hydrogen cluster in Spain’s Valencia region
28/02/2023
bp and partners progress concept for Greater Tortue Ahmeyim (GTA) Phase 2
27/02/2023
bp plans to invest $1 billion in EV charging across US by 2030
16/02/2023
Skanska announced as the Construction Manager for New York Offshore Wind Hub
08/02/2023
bp announce fourth quarter and full year 2022 results
07/02/2023
bp Energy Outlook 2023
30/01/2023
Kosmos announces sailaway FPSO vessel for Greater Tortue Ahmeyim project
23/01/2023
bp reveals plans to evaluate expansion of Germany’s green energy port
18/01/2023
bp brings green energy and jobs to Ohio
10/01/2023
bp to explore potential for green hydrogen production in Egypt
08/12/2022
bp starts production from Trinidad and Tobago’s Cassia C facility
29/11/2022
bp awarded new exploration blocks in Egypt’s Offshore Nile Delta
28/11/2022
bp announces Third quarter and nine months results
01/11/2022
bp expands in bioenergy following agreement to acquire Archaea Energy
17/10/2022
bp announces non-executive director appointment
29/09/2022
AMPLY Power rebrands as bp pulse
10/09/2022
bp to sell interest in bp-Husky Toledo Refinery to Cenovus
09/08/2022
bp post second quarter results
02/08/2022
bp to invest up to £50 million in new global battery research and development centre in Britain
01/08/2022
bp and thyssenkrupp Steel work together to advance the decarbonisation of steel production
11/07/2022
bp Statistical Review of World Energy
20/06/2022
bp to lead and operate one of the world's largest renewables and green hydrogen energy hubs in western Australia
15/06/2022
BP exits oilsands to focus on Canada offshore
13/06/2022
BP and Equinor awarded carbon storage licences
19/05/2022
bp and Linde plan major CCS project across Texas Gulf Coast
17/05/2022
bp bids for offshore wind in the Netherlands
12/05/2022
bp and Clean Planet Energy to help advance the circular plastics economy
09/05/2022
bp announces first quarter 2022 results
03/05/2022
bp to invest up to £18 billion in UK energy system by 2030
03/05/2022
bp joins Global Centre for Maritime Decarbonisation
05/04/2022
bp signs agreement to support green skills and  education initiatives on Teesside
29/03/2022
bp to invest £1 billion in UK EV charging infrastructure
25/03/2022
bp and Marubeni form strategic partnership to pursue offshore wind in Japan
23/03/2022
Aberdeen City Council and bp sign JV agreement to develop city hydrogen hub
11/03/2022
bp announces successful start-up of Herschel Expansion in Gulf of Mexico
23/02/2022
BP reports fourth quarter and full year 2021 results
08/02/2022
bp and Oman to progress significant renewable energy and hydrogen development
17/01/2022
bp plans major green hydrogen project in Teesside
29/11/2021
BP posts strong underlying 3Q results
02/11/2021
East Coast Cluster selected as one of the UK’s first carbon capture and storage projects
19/10/2021

Category Filters

Sector Filters

Region Filters

Africa
Asia / Far East
Australasia
Central America
East Europe
Mediterranean
Middle East
North Africa
North America
Russia / FSU
South America
West Europe

None

Advisory Services

Charitable organizations

Communication

Consultancy Services

Cost Estimating

Data Management

Decommissioning

Design

Drilling

Engineering

Environmental Services

Events

Exploration and Production

Farm-in Opportunities

G&G Services

Geothermal Energy

Global Industry Support

Health & Safety, Environment

Independent Consultant

Industry Commentary

Information Providers

Insurance

Intelligence

KeyFacts Energy Contributors

Legal

Media PR

Ministry of Energy

Offshore Services

Organizations

Products & Services

Project Marketing

Publications

Recruitment/ Executive Search

Renewable Energy Companies

Renewable Energy Organizations

Seismic Services

Service Company Support

Software Development

State Oil Companies

Subsea

Technical Services

Technology

Training

Universities