BP plc · LSE:BP.
BP — Investor Day (2018)
6 slides from BP's investor day presentation, 2018
Slide 1: Track record: Upstream Investor Day & Fieldtrip Oman 2018
Track record Upstream Investor Day & Fieldtrip Oman 2018 Oman Michael Townshend Regional President, Middle East BP UPSTREAM INVESTOR DAY AND FIELDTRIP 1
Slide 2: BP in Oman – history
BP in Oman – history 2018 Ghazeer (Khazzan Ph2) FID 1937 PDO Khazzan 2013 2017 BP 23.75% interest in Petroleum Khazzan Khazzan discovery Development Oman and Dhofar Ph1 FID first gas 1920 1930 1980 1990 2000 2010 1927 2007 2016 BP, AMOCO & ARCO Exploration blocks D’Arcy Block 61 Block 61 2 year lice
Slide 3: Largest tight gas development in Middle East
Largest tight gas development in Middle East Block 61 interest Khazzan and Ghazeer fields combined 2,550km2 BP 60% OOCEP1 30% PETRONAS2 10% Phase 1 Phase 1 1bcfd, 25mboed Khazzan Khazzan OMAN condensate Phase 2 First gas 2021 Phase 2 Ghazeer 0.5bcfd gas Ghazeer plan 30mboed condensate 13,500 const
Slide 4: Khazzan project progress and plan
Khazzan project progress and plan Expected recoverable gas Development capital 2018 highlights: gross tcf gross $bn Khazzan Ghazeer Khazzan Ghazeer ADIPEC Awards – Digital transformation project of the year 10.5 ~16 ~16 Eleven rigs to four 7.0 Top quartile vertical well cost ∼ 30% higher rat
Slide 5: Project progress – Khazzan Phase 2 (Ghazeer)
Project progress – Khazzan Phase 2 (Ghazeer) 3rd gas train and 2nd condensate train New gas export pipeline ~7% ahead of plan First gas expected in 2021 First structural concrete pour for utility area foundations in the brownfield (live plant) Ongoing installation of pipe rack construction o
Slide 6: Beyond 2020 – future growth
Beyond 2020 – future growth Block 61 Increase recovery beyond 10.5tcf Get close to 2bcfd with a 1.5bcfd plant Maximise condensate production Downstream Gas market development options including acetic acid Exploration Discussions with government ongoing BP UPSTREAM INVESTOR DAY AND FIELDTRI