BP plc · LSE:BP.
BP — Corporate Update (September 2009)
30 slides from BP's corporate update, September 2009
Slide 1: Azerbaijan Strategic Performance Unit
Azerbaijan Strategic Performance Unit September 2009 Baku
Slide 2: Azerbaijan country context
Azerbaijan country context • Area: 86,600 km2 Moldova Ukraine Kazakhstan • Population: 8.7 million (end 2008) Romania Russia Uzbekistan Strengths: Bulgaria Black Sea • Promising future for the oil and gas sector Greece Caspian Sea • Strong adherence to PSAs GEORGIATbilisi • State Oil Fund accumulati
Slide 3: BP Azerbaijan Interests
BP Azerbaijan Interests Russia 1998 - 2024 ACG Gross production Kazakhstan mbd mbd 1,200 1,200 COP COP Black Sea 800 DWG 800 DWG 400 400 Azeri Azeri Chirag Chirag 0 0 1998 1998 2001 2001 2004 2004 2007 2007 2010 2010 2013 2013 2016 2016 2019 2019 2022 2022 Georgia WREP Tbilisi Pipeline Oil Caspian S
Slide 4: BP Operated Interests in Azerbaijan
BP Operated Interests in Azerbaijan ACG Shah Deniz Alov Itochu Hess Devon Energy 3.9% 2.7% BP StatoilHydro BP 15% 5.6% 25.5% 25.5% TPAO BP 6.7% 34.1% SOCAR 40% ExxonMobil StatoilHydro 8.0% 15% TPAO StatoilHydro SOCAR 9.0% 8.6% 10.0% Chevron NICO ExxonMobil SOCAR LUKOil EnCana 10.0% Inpex 10.3% 10.0%
Slide 5: Project Schedule
Project Schedule 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 ACG PSA First Oil Early Oil Project First Oil C&WP Start-up Central Azeri & C&WP First Oil WA West & East Azeri First Oil EA First Oil ACG Phase 3 Ceyhan Lifting BTC Shah Deniz PSA First G
Slide 6: ACG
ACG • Potential ultimate recovery > 5bn bbl gross 1998 - 2024 ACG Gross production mbd mbd mbd • Peak production ~1 mmbd gross 1,200 1,200 1,200 • Total capital cost >$20bn gross COP COP • Latest 2009 production forecast 819 mbd COP 800 800 DWG DWG • Project start-up dates: 800 – EOP Nov 1997 – Cent
Slide 7: Shah Deniz – Stage 1
Shah Deniz – Stage 1 • Recoverable volumes ~180 bcm of gas Shah Deniz Stage 1 Gas Sales ~600 mmbbls of condensate bcma 9 • Stage 1 plateau gas production 8.6 bcma 8 • Total capital cost >$4bn 7 BOTAS • Latest 2009 gas production forecast 680 mmscfd 6 Stage 1 • Latest 2009 condensate production forec
Slide 8: BTC and SCP
BTC and SCP Baku-Tbilisi-Ceyhan Pipeline (BTC) South Caucasus Pipeline (SCP) Full capacity (March, 2009) 1.2 mmbd Full capacity 20 bcma Length 1768 km Length 690 km BLACK SEA Diameter 46/42/34” Diameter 42” Gross Capex $3.9bn GEORGIA Gross Capex CASPIAN SEA$1.1bn First tanker departed June 2006 BLAC
Slide 9: Sangachal Terminal 1992
Sangachal Terminal - history Sangachal Terminal 1992
Slide 10: Sangachal Terminal 2000
Sangachal Terminal - history Sangachal Terminal 2000
Slide 11: Sangachal Terminal 2001
Sangachal Terminal - history Sangachal Terminal 2001
Slide 12: Sangachal Terminal 2002
Sangachal Terminal - history Sangachal Terminal 2002
Slide 13: Sangachal Terminal 2003
Sangachal Terminal - history Sangachal Terminal 2003
Slide 14: Sangachal Terminal 2004
Sangachal Terminal - history Sangachal Terminal 2004
Slide 15: Sangachal Terminal 2005
Sangachal Terminal - history Sangachal Terminal 2005
Slide 16: Sangachal Terminal 2007
Sangachal Terminal - history Sangachal Terminal 2007
Slide 17: Sangachal Terminal – present
Sangachal Terminal – present • One of the largest terminals in the world • Area 542 hectares • Processing capacity • oil 1.2 million bpd • gas 1.25 bcf/day • Storage capacity 3 million barrels • Hosts the largest energy museum in the region – Caspian Energy Centre
Slide 18: ST - a strategic hub for the Caspian
ST - a strategic hub for the Caspian
Slide 19: BP Azerbaijan Overview
BP Azerbaijan Overview +! + * + BTC, SCP * , Rail ) * + * ! ( ! ( ! ( ( . * ( / .- .- % .- .- * !, . .- % .- ( ! , - ! ( # / ! ( # !, ! ( !! !! !! "# "# $$ %% && "'$ "'$ %% && "# $ % & "# $ % & ! $ % " # &' ( &$ ) *
Slide 20: ACG
ACG Chirag Sangachal Terminal Central Azeri & C&WP DWGsail DWG DUQ and PCWU DUQ &PCWU away and installation
Slide 21: Shah Deniz
Shah Deniz TPG500 SCP Progress on SDX-05 Sangachal Terminal – First Gas
Slide 22: BTC
BTC RoW Reinstatement Georgia Pump Station The British Hawthorn tanker with first BTC The official inauguration of BTC cargo departing Ceyhan on 04 June 2006
Slide 23: BP – a responsible operator
BP – a responsible operator • Security and human rights • Environmental responsibility • Professional development of local staff • Our role in society • Revenue impact and management • External stakeholder engagement
Slide 24: Security & human rights
Security & human rights • Working with communities • Interacting with public security • Grievance resolution • External monitoring
Slide 25: Environmental responsibility
Environmental responsibility After During Construction
Slide 26: Professional development of local staff
Professional development of local staff 83% of BP’s professionals in the • Caspian Technical Training Centre (CTTC) Caspian are nationals • Educational assistance • Special entrance and development program Azerbaijan Strategic Performance Unit has • Career planning been led by national President sin
Slide 27: Our role in society
Our role in society • Community Investment Programme • Environmental Investment Programme • Educational initiatives • Revenue transparency • Local content • Regional Development Initiative
Slide 28: Revenue impact and management
Revenue impact and management &0 ( $ ! & 1 ( $ 8 6 ? , ? , /: 7 % " @ + , . - : - 9+ - . > 9 ( - ./ 0 1 2, 34 + " $ $ 3 (& - 9 1 , #4 + 5 1 6, 4 + : < = - /% - " - > & % + 7 % 8.9 1 #, 4 " - , % ( 88 - ! 0 , 2 $ 2 /: 7 - " - ; " %%%) ) * * 6 " 15 4
Slide 29: External stakeholder engagement
External stakeholder engagement • Governments • NGOs • Communities • Media • Other interested parties
Slide 30: Azerbaijan Strategic Performance Unit
Azerbaijan Strategic Performance Unit