BP reports year over year, this is rough, BP down 4% in trade

[jmcgowanjm]

2003 2002
Production
Crude oil (mb/d) (net of royalties)

Total crude oil production 1,911 1,771
=======================

Total natural gas
liquids production 210 247

Liquids (a)(mb/d) (net of royalties)

Total liquids production 2,121 2,018

Natural gas (b) (mmcf/d) (net of royalties)

Total natural gas production 8,613 8,707

http://bigcharts.marketwatch.com/news/articles.asp?guid={E54A3ACC-61F0-4FAD-BC6A-D3AB6034675A}&newsid=811983843&symb=BP&sid=127362


The increase in oil may be coming from Russia, NG is down.

[jmcgowanjm]

1. BP buys its production increase from TNKRussia

BP said higher depreciation, foreign exchange
effects and one-off charges had offset higher
prices and increased production from its Russian
venture TNK-BP. BP shares ended the day 2.5
per cent lower at 416p.

More on this.

[jmcgowanjm]

2. TNK-you've heard of Russian mafia?

An example of the TNK-BP operation in Russia:
http://english.pravda.ru/comp/2003/02/11/43245.html

The third largest oil producer in Russia and one of the world's ten largest oil companies with oil output of 1.1m barrels a day. The reserves of the new company that lacks a name so far will total 10.6m barrels against BP's 8.2m barrels, the Nezavisimaya Gazeta newspaper reported.

The Nizhnevartovsk region of Western Siberia in which
TNK's main assets - including the massive 40-year
old Samotlor oil field - are based, is a disaster zone.
There are lakes of oil on the surface of the tundra. The
air is poor. So is health. There are high incidences of
diseases related to poor environment and high death
rates.

According to independent consultancy IWACO, which
published a survey two years ago, up to 840,000 hectares
of land has been polluted by oil in Western Siberia.
At least 6,500 falls within the Nizhnevartovsk region -
2 per cent of the land surface - caused largely by spillage
from pipelines and wells, from drilling and chemical waste
and leaking storage facilities throughout the Soviet era in
which 100m tonnes a year of oil was sucked out of
Somotlor at its peak...

http://www.guardian.co.uk/russia/article/0,2763,1066004,00.html

[jmcgowanjm]

3. Strange that I found this on Hyrdrogen/FuelCell link

BP said Thursday (10/16/03)
that under the rules of the SEC which
take account only of volumes that can be produced during
the life of current oilfield licences, its new Russian joint
venture, TNK-BP, would have estimated proven oil
reserves of 4.1 billion barrels.
The estimate would more than double to 9.4 billion
barrels, based on criteria set by the Society of Petroleum Engineers (SPE) which take account of production that
can be recovered economically over full field life.

Proposals are currently before the Russian parliament
to extend oilfield licences.

http://www.h2cars.biz/artman/publish/article_304.shtml

Now, what is BP's liquids production outside of FSU (Former
Soviet Republic)?
And how will FSU/BP production be counted in world production totals.