BP plc · LSE:BP.
BP — Houston Presentations September 2000
10 slides from BP's conference presentation, September 2000
Slide 1: Gulf of Mexico Deepwater Development
Gulf of Mexico Deepwater Development Dave Blackwood Vice President, Gulf of Mexico Deepwater Development 1
Slide 2: Actual / Projected BP Net of Royalty mboed
Gulf of Mexico Deepwater 800 Actual / Projected BP Net of Royalty mboed 700 Major Developments 600 500 Near Term Projects 400 Keeping the Facilities Full 300 200 100 Managing the Base 0 1999 2000 2001 2002 2003 2004 2005 2006 2007 2
Slide 3: Southern Green Canyon and Mississippi Canyon developments
Southern Green Mississippi Canyon Canyon Holstein • Two significant developments Mad Dog Atlantis • Water depths of 6000 feet • Combined estimated resources >> 1 Billion BOE • Crazy Horse is believed to be the largest discovery ever in Gulf of Mexico offshore VE = 4 • Three major field developments
Slide 4: Crazy Horse Discovery: World Class Discovery
Crazy Horse Discovery World Class Discovery • 1 Billion BOE resource discovery announced July, 1999 • World class reservoirs • Delineation underway – 2 wells nearly complete • Development concept selection in final stages Benchmarks Area Area Are a Forties Crazy Horse Magnu Pay Pay Resources Pay Res
Slide 5: Infrastructure
Infrastructure 5
Slide 6: Mardi Gras Transport Solution
Mardi Gras Transport Solution
Slide 7: Optimization
Optimization • Engineering & Project Services Contracts – Topsides Engineering – Mustang – Project Services – Mustang – Deepwater Pipeline Engineering – Intec – Onshore/Shelf Pipeline Engineering – Paragon • Active Bids / Request for Quotations / Negotiations (approximately 3 billion gross) Hull Sub
Slide 8: Actual / Target Discovery to First Oil (Years)
Gulf of Mexico Deepwater Cycle Time Econ omie 18 so f Sca Source: J S Herold Consulting le Unit Cost ($) Deepwater Intelligence Database Actual / Target Discovery to First Oil (Years) 16 14 12 Ram Powell Diana 10 Number of Units Ursa Morpeth 8 Joliet Auger Atlantis Mars Marlin 6 Crazy Horse Mad Dog
Slide 9: Cost of Supply: Majors and bp
Cost of Supply $/ 10 Majors bp 9 … 8 7 800 Actual / Projected BP Net of Royalty mboed 700 6 600 Major Developments 500 Near Term Projects 400 Keeping the Facilities Full 300 5 200 100 Managing the Base 0 1999 2000 2001 2002 2003 2004 2005 2006 2007 4 1995 1996 1997 1998 1999
Slide 10: Deepwater
Deepwater • Leading Gulf of Mexico Deepwater Position • Unprecedented Exploration Success • Delivering (Near-Term / Mid-Term / Long-Term) – Doubling Production in Three Years – c.750 mbd by 2007 from Identified Projects • Quality Barrels – Optimized Developments via Standardization – Improved Cycle