BP plc · LSE:BP.
BP — Investor Day (October 2023)
10 slides from BP's investor day presentation, October 2023
Slide 1: Increasing resources & capital productivity
Increasing resources & capital productivity Investor update October 2023 October 2023 Capital Markets day
Slide 2: Increasing resources & capital productivity
Investor update Increasing resources & capital productivity Our strategy in action ― Increasing resources & capital productivity High-quality and distinctive Disciplined investment Confidence in plan delivery resource portfolio Focused on activity to ~$8.5bn manage the base and bpx ~ 36bn expected a
Slide 3: Established track record of delivering projects
Investor update Increasing resources & capital productivity Our strategy in action ― Established track record of delivering projects Drilling quartiles & THSX2 drilling efficiency Projects costs Projects schedule completion NPT1 Days/10k ft IPA ratio4 IPA ratio4 Rushmore2 Top quartile 2nd quartile C
Slide 4: Distinctive capital productivity delivery
Investor update Increasing resources & capital productivity Our strategy in action ― Distinctive capital productivity delivery Distinctive seismic Managed pressure Remote collaboration Riser-less acquisition & imaging drilling centre intervention ― Thunder Horse well optimised ― MPD enabled up to tw
Slide 5: High confidence in a high value plan
Investor update Increasing resources & capital productivity Our strategy in action ― High confidence in a high value plan Resource portfolio Major projects – Oil – Gas ~18bn >50% boe resources in plan1 underpinned by 2023 major project startups 2023 Currently producing and Argos (Mad KGD6-MJ Tangguh
Slide 6: Creating future optionality beyond 2030
Investor update Increasing resources & capital productivity Our strategy in action ― Creating future optionality beyond 2030 Gas in Caspian Increased gas potential to markets with recent Extension to Mad Dog Advantaged exploration field discoveries ― Three well extension Azerbaijan 45% exploration s
Slide 7: Transforming how we operate
Investor update Increasing resources & capital productivity Our strategy in action ― Transforming how we operate Centralisation Agility at Global Accelerating scale standardisation digital Mass centralisation Mass Mass centralisation Mass centralisation Centre for Adaptive Alliances Expanding techni
Slide 8: Our strategy in action
Investor update Increasing resources & capital productivity Confidential Our strategy in action ― 8
Slide 9: The next wave of potential projects
Investor update Increasing resources & capital productivity Our strategy in action ― The next wave of potential projects Peak production (bp net WI%) mboed1 By 2025 Azerbaijan, Georgia, Türkiye ACE2 Oil <50 2 Egypt Raven Infills Gas <50 Mauritania & Senegal GTA (Tortue) Ph 12 Gas <50 2 North Sea Mur
Slide 10: Cautionary statement
Investor update Increasing resources & capital productivity 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 prov