BP plc · LSE:BP.
BP — Investor Presentation (September 2006)
9 slides from BP's investor presentation, September 2006
Slide 1: E&P Strategy Update
E&P Strategy Update Tony Hayward Chief Executive, Exploration & Production
Slide 2: BP Azerbaijan organisation
BP Azerbaijan organisation BP Azerbaijan President David Woodward / Bill Schrader* Commercial Director Chief of Staff Phil Home Erich Krumanocker Executive Assistant Georgia General Manager Kamala Husseynli Hugh McDowell Turkey E&P Director Djan Suphi Offshore Onshore Renewal VP Shah Deniz VP Major
Slide 3: Project start-ups
Project start-ups 2005 2006 2007 2008 - 2009 2010 and beyond 9 Valhall Waterflood 9Cannonball Temsah Atlantis King Sub-sea Thunder Horse Ursa Expansion Atlantis North Flank Paz Flor Egypt LNG T2 9 Mad Dog 9Redevelopment Pump Kizomba C Puma Browse 9 Central Azeri 9BTC San Juan ACG Phase 3 Coal Bed Me
Slide 4: Production to 2010
Production to 2010 mmboe/d 5 Divestments closed in 4 2006 3 TNK-BP 2 New profit centres 1 Existing profit centres 0 2001 2002 2003 2004 2005 2010 Actual prices and Production portfolio at $40 BP projection for ‘06-’10 updated to reflect closed ’06 divestments
Slide 5: Strategy – building profit centres
Strategy – building profit centres Alaska Alaska North North Sea Sea Russia Russia North North America America Gas Gas Azerbaijan Azerbaijan Deepwater Deepwater Egypt Egypt Gulf Gulf of of Mexico Mexico North North Trinidad Trinidad Africa Africa Asia Asia & & Tobago Tobago Middle Middle Pacific Pac
Slide 6: Resource growth & progression
Resource growth & progression 2001- 2005 New Further discoveries appraisal, revisions 8.0 7.8 Start ‘01 End ‘05 Purchased Sold resources resources 25.9 12.5 Non-proved 4.4 40.7 9.1 15.2 2.7 Proved 1.9 18.3 41.1 59.0 6.7 Produced Totals in billion boe Proved UK SORP, non-proved BP data
Slide 7: End 2005 resource by type
End 2005 resource by type Non-Proved Proved Conventional Oil Deepwater Oil Water Flood Viscous 41 bn boe 18 bn boe and Heavy Oil Conventional Gas LNG Gas Tight Gas Coal Bed Methane Between 2005 and 2010 11 bn boe of non-proved resources are expected to be Totals in billion boe moved to proved reserv
Slide 8: The ultimate prize
The ultimate prize 200 bn boe oil bn boe and gas initially Produced 38 in place Proved Non-Proved 18 Currently unrecoverable hydrocarbon 41 Does not include exploration potential
Slide 9: Summary
Summary • New Profit Centres have arrived − Major Projects underpin production growth through the end of the decade and beyond • Power of incumbent positions − Technology to unlock the resource base