BP plc · LSE:BP.
BP — Investor Day (October 2023)
8 slides from BP's investor day presentation, October 2023
Slide 1: Oil portfolio Investor update
Oil portfolio Investor update October 2023 October 2023 Capital Markets day
Slide 2: Focused and growing portfolio
Investor update Oil Our strategy in action ― Focused and growing portfolio UK & Norway Oil regions ― Clair ― Schiehallion High value oil assets ― Central North Sea Attractive margins ― Aker BP Azerbaijan, Georgia, Türkiye Growth provides upside Canada ― Azeri Chirag Gunashli to higher oil prices ― B
Slide 3: Delivery to 2030 underpinned by existing resources
Investor update Oil Our strategy in action ― Delivery to 2030 underpinned by existing resources Gulf of Mexico bpx North Sea Middle East Azerbaijan mboed mbd mboed mbd mbd 400 E&A options Paleogene OBO Iraq Iraq 200 Eagle Ford Eagle Ford Aker BP & OBO bp-operated UAE Deep Water UAE Permian Clair ACG
Slide 4: Significant oil project optionality to 2030 and beyond
Investor update Oil Our strategy in action ― Significant oil project optionality to 2030 and beyond UK & Norway Maintaining scale in • Clair Phase 3^ • Valhall PWP# core regions • Infill drilling • Wisting# • Yggdrasil# Exploration Deep resource hopper US bpx Canada • ― Bay du Nord^ Infill and tie-b
Slide 5: Gulf of Mexico – a world class portfolio
Investor update Oil Our strategy in action ― Gulf of Mexico – a world class portfolio bp-operated potential future hubs OBO Gulf of Mexico production New Orleans mboed Houston 400 E&A options Na Kika Mars Paleogene Olympus Thunder Horse OBO Constellation Ursa Mad Dog Atlantis Tiber 200 Kaskida Great
Slide 6: Gulf of Mexico – maximising value from existing hubs
Investor update Oil Our strategy in action ― Gulf of Mexico – maximising value from existing hubs Wellwork Plant Reduction in Maximising Rate of reliability* wellwork costs recovery return >96% >50% >40% >25% 1 leading riserless light well reducing downtime and interventions efficiency leading riser
Slide 7: Gulf of Mexico – Paleogene led growth
Investor update Oil Our strategy in action ― Gulf of Mexico – Paleogene led growth Initial phases bp new leases bp existing leases Future phases Discovered Paleogene production potential New Orleans mboed Houston 200 Guadalupe 150 Gila Tiber Future phases Kaskida 100 Gibson Initial phases 50 0 Kaski
Slide 8: Cautionary statement
Investor update Oil Our strategy in action ― Cautionary statement In order to utilize the ‘safe harbor’ provisions of the United States Private Securities Litigation Reform Act of 1995 (the ‘PSLRA’) and the general doctrine of cautionary statements, bp is providing the following cautionary statement