| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jul 2022 - 31 Dec 2022 | 27 Jan 2023 | 39 | 44% | 46% | 10% | 68% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 38 | 55% | 34% | 12% | 36% |
| 01 Jul 2021 - 31 Dec 2021 | 25 Jan 2022 | 31 | 68% | 25% | 7% | 24% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | 38 | 67% | 24% | 9% | 24% |
| 01 Jul 2020 - 31 Dec 2020 | 25 Jan 2021 | 51 | 56% | 21% | 23% | 38% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 31 | 62% | 28% | 10% | 31% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 27 | 63% | 33% | 4% | 33% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 28 | 73% | 25% | 2% | 21% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 32 | 64% | 28% | 8% | 25% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 35 | 50% | 45% | 5% | 44% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard contractual terms for the payment to suppliers are 30 - 45 days.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Payment statistics disclosed in this report can be affected by a number of different factors including payments made to other BP group companies which are included within the data disclosed. Invoices are often reported as due but not paid within agreed terms because contract payments due on weekends or bank holidays are typically paid on the following business day and the company typically initiates payments in batches, on a daily basis; where this is the case payments will normally be received by the supplier within a few days of the due date
Maximum contractual payment period agreed
45
Suppliers are notified of any invoice disputes. The Parties will endeavour to resolve all disputes by agreement of the parties. Once resolved, payment will be made in accordance with agreed terms. If these discussions are unsuccessful, then the dispute will be resolved by reference to arbitration or courts (as specified in the contract).
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
❌
Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
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Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
BP AMOCO EXPLORATION (IN AMENAS) LIMITED is a subsidiary of BP, one of the world's leading energy companies. The company is primarily focused on exploration and production of oil and gas in the In Amenas region of Algeria.
Sustainability is a key priority for BP AMOCO EXPLORATION (IN AMENAS) LIMITED. The company is committed to minimizing its environmental impact and promoting responsible and sustainable operations. This is achieved through various initiatives such as reducing greenhouse gas emissions, managing waste and promoting biodiversity.
BP AMOCO EXPLORATION (IN AMENAS) LIMITED offers a range of products and services in the oil and gas sector, including exploration, development, production and transportation of energy resources. The company also has a strong focus on innovation and technology, constantly seeking new and more efficient ways to extract and utilize energy resources.
The key people at BP AMOCO EXPLORATION (IN AMENAS) LIMITED include the managing director, who oversees the company's operations, and a team of experienced professionals in the fields of geology, engineering and business management.
For more information on the company's activities, products and services, interested parties can visit their website at www.bp.com or contact them at their registered office address: BP Exploration (In Amenas) Limited, In Amenas, BP 108, 30500 Hassi Messaoud, Algeria.
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