BP plc · LSE:BP.
BP — Oljeindustripolitiske seminar, Sandefjord 2006
9 slides from BP's conference presentation, Jan 17, 2006
Slide 1: Norsk sokkel i et internasjonalt perspektiv
Norsk sokkel i et internasjonalt perspektiv Gro G.Kielland Adm. Direktør BP Norge Oljeindustripolitiske seminar Sandefjord 17. januar 2006
Slide 2: BP E&P – Existing and new profit centres
BP E&P – Existing and new profit centres North Sea – BP’s largest existing profit centre Alaska Nort h Russia TNK-BP Sea NA Gas Azerbaijan Trinidad Egypt GOM deepwater Asia-Pacific LNG Venezuela Angola Middle East/ Pakistan Colombia Southern Cone
Slide 3: BP in the North Sea
BP in the North Sea • 15% of UK production • 45 producing fields • 33 platforms in operation • 10 pipeline systems • 3000 BP staff + contractors • >$2bn Capex + Opex per annum • Production about 600mbd • Total resources circa 4.2 billion barre
Slide 4: BP's business profile continues to change
BP’s business profile continues to change NPC EPC Russia Exploration Exploration Exploration Non Proved Non Proved Non Proved Proved Proved Proved Million boe per day Russia Libya Nigeria NPC (New Profit Centres) Kuwait Iran EPC (Existing Profit Centres) 1950 1955 1960 1965 1970 1975 1980 1985 1990
Slide 5: Reserve Replacement Ratio
Reserve Replacement Ratio 600 1995 - 1999 2000 - 2004 500 400 (%) 300 200 100 0 Angola Trinidad Egypt US Norway UK
Slide 6: Average Field Size
Average Field Size 120 100 1995 - 1999 2000 - 2004 80 mmboe 60 40 20 0 Angola Trinidad Egypt Norway UK US
Slide 7: Miller project-Carbon free electricity
Miller project-Carbon free electricity
Slide 8: The North Sea balance sheet
The North Sea balance sheet + _ • Remaining resource • Cost and inflationary potential pressures • Existing infrastructure • Regulations • Political & Fiscal stability • Fiscal uncertainty • Supply chain • Attracting and retaining relationships skilled people
Slide 9: BP's Wytch Farm The Hidden Oilfield
BP`s Wytch Farm The Hidden Oilfield