BP plc · LSE:BP.
BP — Investor Presentation (September 2006)
12 slides from BP's investor presentation, September 2006
Slide 1: Major Projects Delivery (Offshore)
Major Projects Delivery (Offshore) Bruce Luberski, Vice President, Major Projects Mike Skitmore, Vice President, Shah Deniz
Slide 2: ACG field
ACG field ACG sanctioned resource 5.4 bn bbl Peak production gross 1.2 mmbd Capital cost gross $17 bn BP working interest 34.1% ACG gross production 1400 1200 1000 800 mbd 600 Deepwater Gunashli Azeri 400 200 Chirag 0 2005 2008 2011 2014 2017 2020 2023 Forward projections: BP data
Slide 3: BP Azerbaijan vision
BP Azerbaijan vision End 2004 End 2006 The Future Sangachal Sangachal Sangachal East Azeri Chirag West East Azeri Azeri Central 2006 ACG Phase 3 Chirag l 2008 Chirag Azeri & West C&WP Central Azeri Shah Deniz 2 Azeri Shah Deniz 1 Shah Deniz 1 GROWTH Capital GROWTH Capital Inam Alov Spend 2004: Spend
Slide 4: Project schedule
Project schedule 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 ACG PSC First Oil Early Oil Project First Oil C&WP Start-up Central Azeri & C&WP First Oil WA First Oil EA First Oil WA West & East Azeri First Oil ACG Phase 3 (DWG) Ceyhan Lifting BTC Shah Deniz PSC Fir
Slide 5: ACG early oil project (Chirag)
ACG early oil project (Chirag) Chirag platform Sanctioned 1994 First oil Nov 1997 Sangachal EOP terminal 2005 production – exported 140 mbd gross 2005 Lifting and transportation cost ~$1.60/bbl Total investment ~$2.2bn
Slide 6: ACG full field development
ACG full field development Sangachal Terminal Deepwater Chirag West Azeri Central East Azeri Gunashli EOP Phase 2 Azeri Phase 3 Phase 1 Phase 2 2008 Nov 1997 Dec 2005 Mar 2005 4Q 2006 • 90,000 te topsides • One of world’s largest terminals • 80% of man-hours in Azerbaijan • 90,000 te jackets • 7 yea
Slide 7: Sangachal history
Sangachal history 2000 Early Oil Project
Slide 8: Sangachal history
Sangachal history 2005 Early Oil Project Shah Deniz
Slide 9: Projects production line
Projects production line Production facilities engineering costs Build duration CA 30 Direct manhours/te (41) WA 29 (32) Months 28 Clo EA 27 CA CWP ne (15) (21) 26 WA 25 EA
Slide 10: Shah Deniz Stage 1 development
Shah Deniz Stage 1 development
Slide 11: Shah Deniz Stage 1 development
Shah Deniz Stage 1 development Sanctioned resource (Stage 1) 6.5 tcf (185 bcm) of gas 300 mmbbl of condensate Stage 1 peak production 840 mmcfd (8.7 bcma) Capex (upstream & midstream) $4bn Working interest 25.5% Shah Deniz Stage 1 gross gas sales 900 800 700 600 500 Turkey SPA mmcfd Stage 1 Decline
Slide 12: Shah Deniz
Shah Deniz Offshore pipeline – beach pull TPG500 installation Sangachal Terminal on track Progress on SDX-04 appraisal