BP plc · LSE:BP.

BP — Investor Day (2018)

8 slides from BP's investor day presentation, 2018

  1. Slide 1: Capital discipline and productivity

    Capital discipline and productivity James Dupree Upstream COO, Developments and Technology David O’Connor Upstream Head of Global Projects Organisation BP UPSTREAM INVESTOR DAY AND FIELDTRIP 1

  2. Slide 2: Disciplined capital investment – staying the course

    Disciplined capital investment – staying the course Upstream organic capital Upstream organic capital to 2021 $bn $bn 20 Exploration 15 LTO1 / Integrity $13-14bn 10 $13-14bn Major projects per annum BPX Energy 5 0 Drilling 2013 '14 '15 '16 '17 '18 '19-21 (1) License to operate BP UPSTREAM INVESTOR D

  3. Slide 3: Disciplined capital investment – right choices and strong execution

    Disciplined capital investment – right choices and strong execution Choices Control Execution  Rigorous planning  Chief Operating Officer  Global wells Exploration forum Appraisal forum  Global projects  Technology leadership Disciplined  Global subsurface choices  Global concepts Area develo

  4. Slide 4: Execution – competitive drilling and completion performance

    Execution – competitive drilling and completion performance Drilling efficiency Completions Improved performance % top quartile offshore wells1 % non-productive time2 Atlantis  Targeting ~35% cost 80 35 reduction (2016-2019)  Line of sight to 30 additional ~15% cost reduction by 2021 60 Manuel 25

  5. Slide 5: Delivering major projects

    Delivering major projects 19 projects ~500 mboed net Gross capital ~$100bn Major project start-ups: 2016 2017 2018 delivered online to date Net capital ~$30bn Alaska  Point UK Thomson  Quad 204 Russia  Clair Ridge  Taas Expansion US Gulf of Mexico Algeria Azerbaijan  Thunder Horse  Shah Deniz

  6. Slide 6: Execution - competitive projects performance

    Execution - competitive projects performance Project costs Project schedule IPA1 ratio IPA1 ratio 1.5 1.5 1.2 1.2 2017 industry average 2017 industry average 0.9 0.9 0.6 0.6 0.3 0.3 0 0 2013 ‘14 ‘15 ‘16 ‘17 ’18 2013 ‘14 ‘15 ‘16 ‘17 ’18 YTD YTD (1) Independent Project Analysis, a lower ratio indicate

  7. Slide 7: Project delivery – what’s next?

    Project delivery – what’s next? Transformation Next Mindset generation and concepts agility Remote operations  Cypre, Trinidad Fast-paced tie-backs  Gulf of Mexico and North Sea Supplier Digital Industry ecosystems standardisation Collaborative contracting Digital twin  Tortue, Mauritania and Sen

  8. Slide 8: Major projects – on track

    Major projects – on track BP net production from major projects 19 delivered, 16 to go operating construction appraise/design 2016 2017 2018 1,000 mboed  In Salah Southern Fields  West Nile Delta~  Atoll Phase 1 – Taurus/Libra  Thunder Horse Water  Taas Expansion Injection  Trinidad Onshore 

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