BP plc · LSE:BP.
BP — 2002 Deutsche Bank Oil and Gas Conference
12 slides from BP's conference presentation, May 2002
Slide 1: Context & Highlights
This presentation and the associated slides contain statements, particularly those regarding capital expenditure, costs, demand, growth, margins, prices, production, productivity, profits, sales, strategy, volumes, projects, capacity, development, markets, resources, which are or may be forward look
Slide 2: Progress
Progress Overview The oil and gas industry has invested $6 bn in Caspian developments over the last decade; investment over the next decade should make the region one of the major sources of incremental hydrocarbon supply to the world market. 2002 marks the tenth anniversary of BP’s involvement in t
Slide 3: BP Interests in Azerbaijan
BP Interests in Azerbaijan BP in the Region September 2002 is 10th anniversary of BP’s first outline agreement with Republic of Azerbaijan to develop the Azeri, Chirag, Gunashli Oilfield and explore the Shah Deniz Contract Area. Since then, BP has gradually expanded its interests: • In 1994, a produ
Slide 4: ACG – the “Early Oil Project”
ACG – the “Early Oil Project” RUSSIA Novorossiysk GEORGIA Supsa Tbilisi Oil Rocks AZERBAIJAN Baku ARMENIA 14 0 m bd Sangachal Terminal Chirag-1 Platform The Early Oil Project The “Early Oil Project” is a remarkable success story. The “Contract of the Century” required BP to deliver first oil in thre
Slide 5: ACG Full Field Development
ACG Full Field Development 1200 ACG Profile DWG (gross mbd) Azeri 1000 Chirag 800 600 400 200 0 1997 2001 2005 2009 2013 2017 2021 All figures beyond 2001 are current forecast ACG Full Field Development The real “prize”, however, is linked to development of the full ACG field: • The Chirag platform
Slide 6: Project Schedules
Project Schedules Project Schedules This chart shows the relationship and schedule for BP’s projects in Azerbaijan. Some key points: • The Early Oil Project has cost about $550 million so far. Though this figure is higher than our early cost estimates suggested, profits are higher than anticipated.
Slide 7: ACG Phase 1
ACG Phase 1 ACG Phase 1 Facilities The South Caspian is a relatively benign environment in comparison to the North Sea or Deep Water Gulf of Mexico. There are no tides, currents, ice or challenging weather conditions, and water depth in the ACG area is just over 100m. Moving heavy equipment to Azerb
Slide 8: The Bosphorus
The Bosphorus N Black Sea ISTANBUL Sea of Marmara The Bosphorus A critical element of the equation will be delivering Caspian crude oil to world markets. The Turkish Straits cannot be the sole outlet for Caspian crude oil. The Bosphorus is one of the most challenging—only 700 metres wide in places—
Slide 9: Baku – Tbilisi – Ceyhan Pipeline
Baku – Tbilisi – Ceyhan Pipeline BTC Length: 1746km Diameter: 42”/46” Capacity: 1000mbd Capex: $2.8-2.9bn •8 pump stations •4 metering stations •Marine terminal with -pressure reduction facilities -storage tanks -offshore loading facilities Baku Tblisi Ceyhan Export Pipeline The BTC is not just abou
Slide 10: Shah Deniz
Shah Deniz Construction Strategy •Out of country fabrication (Europe or Far East) •Dry tow to canal head •Wet tow to assembly yard •Assembly, fit out and commissioning in country •Float out, tow and self installation Shah Deniz The discovery of Shah Deniz in May 1999 ‘calibrated’ the deeper parts of
Slide 11: Shah Deniz Stage 1 Export & Sales
Shah Deniz Stage 1 Export & Sales FULL FIELD DEVELOPMENT Planned Incremental Sales Gas available: 600 mmscfd - 2010 to 2019 1400 mmscfd - 2020 to 2030 All figures are current forecast Markets: TURKEY GREECE EUROPE VIA TURKEY AZERBAIJAN GEORGIA Shah Deniz Stage 1 • Turkey is the closest market where
Slide 12: Turkish Gas Market
Turkish Gas Market Ankara, March 2001 Turkish President Sezer and his Azerbaijani counterpart Aliyev applaud as Turkish BOTAS Director-General Yardim and Azerbaijan's state oil company SOCAR Director - General Aliyev congratulate each other after signing a gas deal . Turkish Gas Market • Turkey’s cu